Outsourcing non-core business processes has been a time-tested way to cut costs while improving performance. Initially companies focused on functions like Finance and HR. But now companies have started outsourcing supply chain business processes like demand planning & inventory optimization, allowing them to focus on other business processes while gaining access to world class capabilities.
Three reason why you should consider outsourcing Demand Planning & Inventory Optimization:
- Excess time spent on forecasting is sapping resources away from value-added tasks, and planners are spending a huge amount of time cleansing data and doing analysis to get to a plan.
- Lack of planning resources/skills, or lack of expertise in advanced software and quantitative approaches (e.g., statistical forecasting, seasonality, promotions etc.)
- Demand Planning & Inventory Optimization are not day-to-day activities like other supply chain and logistics function. These are typically once-a-month activities.
You can use this as a one-off analysis or a regular outsource analytical support! The only thing you need to do is to provide the last 12 months sales/order data, inventory on hand, current planning parameters. If you can give us cost post signing up the NDA, we can convert that into U.S. Dollar value for you, so you can see the impact in balance sheet.