From Insight to Action: Leveraging Reporting and Analytics in Supply Chain for Effective Decision Making
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Key Takeaways
⇨ Demand forecasting accuracy and its impact on inventory management and financial budgets plus waterfall analysis to understand demand evolution vs sales actuals
⇨ Excess and Obsolete Inventory to identify overstocked products and financial impact and inventory projection to assess if inventory can meet demand requirements and long term out of stocks as well as Stock Health: Days of Supply and Inventory Turns
⇨ Key ratios - Fill Rate: to track and optimize orders fulfilled on time; Lead Times: to evaluate opportunity to improve reactivity; Profit Margins: provide insight on where to reduce costs to improve profitability
In this simulation, participants will explore how effective data analysis can help proactively find better solutions, reduce costs and shorten lead times. Throughout the exercise, participants will encounter various scenarios mimicking real-world challenges in demand, supply, and production planning.
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