When your ERP system's forecasting goes awry, maintaining optimal inventory becomes a juggling act. To refine your approach:
- Revisit your data inputs. Ensure the accuracy of the data feeding into your forecasting models.
- Increase forecasting frequency. Regular updates can help adjust for market volatility and trends.
- Collaborate with suppliers. Strong partnerships enable more flexible responses to unexpected demand changes.
How have you adjusted your inventory strategies in response to forecasting errors?
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