Forecasting strategies for food companies
How food-manufacturers turn demand forecasting into a competitive edge:
• Carry less raw materials and Finished goods inventory
• Fewer write-offs of perishable and expensive ingredients
• Ability to negotiate contract pricing with suppliers
• Longer production runs, more throughout with less change overs
• “what if” scenarios allow for strategic purchasing and production planning
• Lower fright costs from less expediting of raw materials.
