Operational Forecasting

It is often claimed that sales forecasting is more art than science.However it remains vital process for corporate planning .Synchronizing demand planning between customers, your sales force and the operations team is fraught with difficulty. When this process breaks down it can have a dramatic impact on a company’s profits through material expediting fees, premium logistics costs and overtime payments.

ThreeCore uses a forecasting technique called Confidence Interval Forecasting. This approach avoids the classic traps associated with straight line forecasting by taking into account customer service levels and risk. It enables the operations team to plan supplier and factory inventory levels to meet pre-defined customer requirements.

This technique is especially valuable for companies that manufacture a wide array of products. It leads to lower inventory liability while maintaining the lead-times and manufacturing flexibility needed to be successful in the market.