Forecasting strategies for food companies

November 27, 2014
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.

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