Aberdeen surveyed 260 discrete manufacturing companies on their demand management practices. 70% have a focused demand management program in place and in fact, 31% have had a program in place longer than 4 years.
One of the key findings of the research is that – to be successful, companies need to refocus their attention towards order-to-delivery excellence as a driver for demand management rather than just concentrating on demand planning (statistical forecasting). Where do you stand?
Some of the demand management areas companies should focus on include:
- external collaboration,
- customer level forecasting
- integration with order management.
3 key performance criteria to achieve Best-in-Class level
Finished goods inventory turns, average customer service level and average forecast accuracy at the product family level are used to distinguish Best-in-Class companies from Industry Average and Laggard organizations.
Some of the survey results show that Best-in-Class companies are:
Key takeaways from this Benchmark Report:
Find out how you rank against these Discrete Manufacturing Key Performance Indicators
Learn from Best-in-Class manufacturers how you can change your approach to Demand Management
Be ready to implement best practices for demand forecasting, collaboration, and order management
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