Challenge: A fragrance and flavor company wanted to create a foreign trade zone (FTZ) in which it could perform both manufacturing and distribution functions. Due to its many product formulations — and ingredients coming from the U.S. and around the world — tracking inventory was complex. Some incoming ingredients also skipped manufacturing and were sold raw.
Accuracy in demand forecasting Is critically important to good supply-chain management, but how do you achieve that? Visibility is key, according to several supply-chain experts, who walk us through the planning process.