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Better Decisions for New Item Launches Using Predictive Tracking
The variability and high failure rates of new item launches are often drivers of service issues, unfavorable cost variances, and excess inventories. Combining Predictive Analytics with a rigorous tracking and decision-making process (Predictive Tracking) can minimize these risks and ensure the proper balance of demand and supply. This process begins with a commitment that Demand Planning must be responsible for service, cost, and inventory associated with the launch, and it requires a high-performing relationship with other functions. It is centered on the concept that analytics and communication tactics must be well organized, forcing discussions within weeks of a new item launch that are traditionally completed several months after, when it is too late to take action. JoHn Gallucci | Mr. Gallucci has nearly 20 years of supply chain leadership experience, with a history of driving substantial improvements in operating performance through planning and logistics optimizations. He has successfully implemented demand-driven supply networks, and has architected Executive S&OP processes in four companies spanning the chemical, consumer packaged goods, and food/beverages industries. ...