“Covid related supply chain disruption and labor shortages are causing havoc to our traditional forecasting”

Home “Covid related supply chain disruption and labor shortages are causing havoc to our traditional forecasting”
Case Studies
Graeme Russell - Senior Consultant
07 February 2022

Navigating supply chain disruption in manufacturing – an interview with an operations executive at an S&P 500 US manufacturer.

C H A L L E N G E

Utilizing an ERP software that was “not good enough” at forecasting:

  • Unable to find patterns amongst similar products
  • Cannot use economic or other data to improve accuracy (examples: stock prices, upcoming US holidays, seasonality)
  • No capability to predict new products due to lack of historical data

 

The limitations with the supported forecasting tools within the ERP software lead to COVID supply and demand forecasting shocks, in which historical data became useless. 

 

W I N

Through leveraging our solution technologies, the percentage of forecasting errors was reduced by 24.46%. This lead to a reduction in stock-outs and inventory costs

 

 

Have you experienced a similar issue? Contact us – we would love to speak with you!

#Data Robot #Logistics #Manufacturing #Paxata #Qlik Sense SaaS #Snowflake #Supply Chain #USA

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