Putting the forecast in its place

WCI and Clariant showcased their recent inventory reduction programme at Logichem Europe 2009.

How do you know when inventory and service levels are optimised?
The drive to minimise inventory whilst maximising customer service has led to significant industry focus being placed on improving forecast accuracy.  But, how accurate does your forecast need to be to achieve the optimal balance?

Clariant's Pigments and Additives (P&A) division had realised the limitations of their forecast accuracy and decided to adopt a complementary approach.  The presentation at Logichem Europe 2009 demonstrated how Clariant P&A have approached the challenge of optimising inventory and product availability through:

1. Decoupling the supply chain and aligning planning decisions to actual consumption
2. Using forecasts to condition the supply chain and set controlled inventory levels
3. Selecting and using a range of planning techniques including pull replenishment effectively

To view the presentation please click on the link below:

Putting the forecast in its Place

For further information please contact Kate Derham at kate.derham@wcigroup.com

About Logichem Europe
Logichem is the chemical industry's annual supply chain management conference.

For further information regarding the conference, please visit the event website at: http://www.wbresearch.com/logichemeurope/

About Clariant Pigments and Additives
Clariant is a global leader in the field of speciality chemicals.  Headquartered in Muttenz, Switzerland Clariant is represented on five continents by more than 100 Group companies employing approximately 20,000 people.

For further information please visit the Clariant website at:  www.clariant.com