Inaccurate forecasts undermine even the best laid plans. But there is a path forward: supply chain flexibility.
Key Takeaways
- 91% of respondents indicate that demand forecasts are on average below 90% accurate
- 8% of respondents are very satisfied with their organization’s demand forecast accuracy
- 45% of respondents missed revenue opportunities due to inaccurate forecasts
Forecasting is hard. Now, with ever evolving consumer demands and global macroeconomic uncertainty, it’s even harder.
Since 2020, 98% of executives have faced detrimental effects due to bad forecasts, from material shortages to missed revenue opportunities to decreased customer satisfaction and profitability.
But there is a path forward: supply chain flexibility. Discover key insights from a recent Harvard Business Analytic Services webinar:
- The common causes of forecast challenges
- The business impacts of inaccurate forecasts
- Steps to meet—and overcome—these challenges
- Methods to increase customer satisfaction and reduce risk through supply chain flexibility
