July 17, 2023
How Often Should You Do Demand Planning?
In this video, we discuss the factors that determine how often demand planning should be done. We look at the need to assess and incorporate change, as well as the ability to react to change. We also provide examples of how different businesses balance these factors to determine their demand planning frequency.
The frequency of demand planning is a critical decision for businesses. Too often, demand planning is done too infrequently, leading to inaccurate forecasts and poor decision-making. On the other hand, demand planning that is done too frequently can be time-consuming and expensive.
The ideal frequency of demand planning depends on a number of factors, including the volatility of demand, the lead times of the supply chain, and the availability of data.u003cbru003e
