E-commerce, the ever-present risk of supply disruptions, volatile and unpredictable consumer demand - they're all combining to create global supply chains with more complexity than ever before. Valerie Bonebrake, senior vice president of Tompkins International, describes the challenge, and offers some solutions.
Backward-looking KPIs, especially those on safety stock, are a necessity in successful S&OP processes, says Erik Hjerpe of TreeHouse Foods, a private-brand food manufacturer. He explains why this is so and how TreeHouse employs a variety of safety stock strategies.
New product forecasting is one of the toughest demand management challenges, especially for the 15 to 20 percent of product launches that are "revolutionary." Charlie Chase, advisory industry consultant at SAS, explains how advances in technology are improving this process.