Executive Briefings

Forecasting Is Tough, Just Like Yogi Berra Said

Yogi Berra once said, "It's tough to make predictions, especially about the future." While there's no magic formula for forecasting, there are several steps that companies can take to mitigate uncertainty and improve their demand planning capabilities. Knowing these steps is critical in helping companies avoid issues further down the supply chain, says Randy Strang, vice president of global solutions and implementation-retail with UPS Supply Chain Solutions.
Source: Industry Week, http://industryweek.com

Yogi Berra once said, "It's tough to make predictions, especially about the future." While there's no magic formula for forecasting, there are several steps that companies can take to mitigate uncertainty and improve their demand planning capabilities. Knowing these steps is critical in helping companies avoid issues further down the supply chain, says Randy Strang, vice president of global solutions and implementation-retail with UPS Supply Chain Solutions.
Source: Industry Week, http://industryweek.com