2min chapter

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Forecasting in Supply Chain

Data Skeptic

CHAPTER

Pandemic and Supply Chain Forecasting - What Do You Think?

How far in the future are those people hoping to get forecasts that are accurate? This depends on the contects in the supplythane contects. Often we look at weekly and four weeks ahead, and up to eight weeks ahead. And also, sometimes we look at longer ahead for no a matter m r p or material resource planning. For pandemic, obviously, if you don't know it, if you haven't predicted that in advance, you haven't incorporated in the plan. So you can encounter problems. But now that we have experienced it, i think a lot of companies now looking at risk management... coming up with solutions.

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