What does best-in-class forecasting and inventory management look like?
Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind. The study encompasses over $250 billion in annual sales from global manufacturers across a variety of industries, including consumer packaged goods, food and beverage, animal care, chemicals, and oil and gas.
What’s more, the data from this study doesn’t come from surveys and questionnaires, it is sourced from real data from E2open’s diverse customer base. This public version of the study provides the “state of the nation” for forecasting, inventory and supply performance in North America. By aggregating data in a standard format directly from E2open’s planning applications, the study overcomes the pitfalls of self-reported information and creates a reliable benchmark to help companies in the pursuit of planning excellence.
While there are dozens of insights and learnings within this study, the top seven takeaways are related to growth, agility, resiliency and profitability – the key qualities of well-performing supply chains.
In addition to network complexity and demand forecasting performance, the study includes customer-facing inventory measures and supply-side insights on manufacturing and distribution performance, reflecting the wide scope of E2open’s holistic and end-to-end planning capabilities.
Learn how the use of real-time information and artificial intelligence to sense demand dramatically cuts forecast error by an average of 36%, allowing companies to better serve customers, capture growth opportunities and carry less inventory. To make inventory work harder, combine demand sensing with multi-echelon inventory optimization to more than double the stock that can be safely cut.
Download this detailed report as a helpful resource to compare your planning performance to global supply chain leaders in the field and take the next step towards planning excellence – regardless of where you are on your journey.
Please CLICK HERE to download the white paper.