DEMAND PLANNING – How To Forecast for Chinese New Year
Minimize disruption from supplier closures with our handy infographic
As Covid-19 rumbles on, supply chain professionals now have another challenge on their horizon: Chinese New Year.
In 2021 Chinese New Year Festival will be celebrated February 11-17. Far East Suppliers will halt their production for this annual national holiday, SO THE TIME TO START PLANNING IS NOW!
Suppliers are still playing catchup from the pandemic. Because of this, backorders and customer demand remain volatile which means extra steps must be taken this year to prepare for what lies ahead.
A SIMPLE GUIDE TO FORECASTING FOR CHINESE NEW YEAR
To help you prepare for supplier closures, we have put together a simple infographic.
By following these milestones, you can ensure you have taken all the necessary steps to:
• Build robust demand forecasts
• Align sales, operations & the wider business
• Secure availability without over investing in inventory
Slimstock has been helping companies like yours lower inventory costs while increasing customer satisfaction for 25 years. Our inventory management software is used by 1,000+ customers worldwide to free up capital and simplify the ordering process. Chat with one of our friendly customer service reps today to learn how we can help optimize your inventory.