6 steps to remove uncertainty
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How can we remove uncertainty?
A forecast represents many things in business, but is most universally understood as the pulse of a company. From an operations perspective, a forecast lets the supply team anticipate and quickly respond to changes in customer demand, while helping manufacturing and distribution companies optimise inventory levels, minimise stock-outs and improve production capacity. Conversely, a poorly developed and inaccurate forecast can have a hugely negatively effect on operational performance, often creating of a company a barrier to achieving strategic imperatives and fiscal goals.