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Prepare for Instability with Demand Planning

Demand Planning  

In a time when business is booming, fear that things may turn the other way can build. Demand planners can help by being realistic and trying to create the most accurate picture of what is to come. The Institute of Business Forecasting & Planning said, "When and if times do get tough, the best companies utilize forecasting and demand planning strategies that will not only see them through a rough economy but create efficiencies that translate to higher growth and margin after the downturn as well." While we always strive to be efficient in business, in the event that the economy shifts planning becomes even more important. By preparing for instability with demand planning, businesses can become more adaptable and prepared for change.

When the Economy Dips, Demand Planners will Become Your Superheroes

The forecast for the economy today is mostly sunny and mild temperatures. Things look great - unemployment at all-time lows, economy growing at over 3%, and consumer confidence is on the rise. All of this adds up to top line growth, reduced inventories, and efficiencies of scale reducing cost for businesses. But that’s today – what about tomorrow?

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