Sales of new designs, is so difficult to forecast, desire to exploit sales opportunities and large batch runs turn into excess holdings of unsold items. In many items this situation leading to low inventory turns and increases in holding cost due to excess inventory. In those circumstances how we can improve our financial performance?
Jul 28, 2018
Our company is FMCG and we have often face turbulence in demand. No one in our company is trying to suppress turbulence. Instead, management encourages high turbulence in demand. How to cope up with demand variations that tend to have a negative impact on supply chain performance and operations in terms of planning failure and difficulties in obtaining raw materials?