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6 step guide to construct a more robust forecast!

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Businesses in the building trade typically rely on a global network of suppliers to satisfy the needs of their customers. Consequently, lengthy lead times of up to several months are the norm for businesses in this sector. As a result, suppliers and distributors of building materials depend upon accurate long-range demand forecasts in order to satisfy future demand.

We have put together a simple 6 step guide to help you significantly increase the quality your forecasts and overcome the following challenges:

  • checkChoosing the right forecast procedure
  • checkIdentifying the cause of forecast error
  • checkAccount for evolving Product lifecycles
  • checkTaming the bullwhip effect
  • checkMaintaining a responsive forecast
  • checkIdentifying true demand patterns
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