The Defense Logistics Agency tasked partner LMI with helping to develop a more efficient system for managing items with infrequent demands through an innovative system that accounts for need and risk, without sacrificing mission-readiness.
The Defense Logistics Agency tasked partner LMI with helping to develop a more efficient system for managing items with infrequent demands through an innovative system that accounts for need and risk, without sacrificing mission-readiness.
One of the new buzzwords in the demand planning arena is demand sensing. Developed around 2003, demand sensing has slowly been grabbing the interest of the CPG, energy, food, beverage, and chemical industries. Often viewed as an alternative to demand management, demand sensing is anything but. Let's compare the two.
North American supply chains became more complex in 2012 as the economy continued to recover. Rapid innovation, higher seasonal sales and increased reliance on promotions contributed to make forecasting more challenging. These and other findings are contained in the Terra Technology Forecasting Benchmark Study, now in its fourth year.