Supply Chain Management

Accuracy of the supply and demand planning forecasts for direct sourcing and allocation is very important for an integrated and effective Supply Chain.We run into many scenarios when the forecast figures at a company level are either too conservative or inaccurate and that leads to lots of issues while planning for the downstream activities.One process consulting approach could be to slice and dice the historical data and present the output of the analysis to the planning team to adjust or if needed revamp the planning models and approach used.What can be the variety of approaches that can be used to streamline the planning processes in this scenario?