Optimizing your inventory is a great start, but accurate demand forecasting, or Materials Resource Planning (MRP), is an imperative next step. And in a growing marketplace, it’s no longer enough to simply look at historical orders to predict future demand. Today’s chemical companies need a smarter approach that considers inputs from across the business, including sales and marketing, finance, and production. Real-time information from all your locations is critical for reducing stock-outs and customer lead times.
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