Operational forecasting is a vital process in corporate planning. Synchronizing planning between the many facets of your business can present many challenges.
ThreeCore provides operational forecasting expertise to our customers with a technique we’ve developed that avoids the pitfalls of straight line forecasting. We use an operational forecasting technique called Confidence Interval Forecasting. This approach takes into account customer service levels and risk while enabling the operations team to plan supplier and factory inventory levels to meet customer requirements.
This valuable operational forecasting technique is especially valuable for companies that manufacture a wide array of products as it leads to lower inventory liability while maintaining the lead-times and manufacturing flexibility needed to be successful in the market.