Forecasting

Interesting and useful article in BoneZone for these challenging economic times. Discussion of best forecasting practices between OEM’s and their suppliers. Article by Heather Tunstall, May 12, 2020. Read article here.

“Manufacturing forecasts are routinely inaccurate due to several factors, including upstream market forces and internal human and software capacity. Device companies and contract manufacturers are adopting more sophisticated practices and tools to decrease the margin of error in forecasting. However, even as supply chain partners enhance their processes and better integrate their planning, the need for constant communication won’t be replaced.”