Presentations – Strategic

Forecasting in a Just in Mind Replenishment Environment

Everyone is familiar with the concept of Just in Time manufacturing.  As the lead times desired by customers continue to shrink this will morph into a concept the authors call Just in Mind Replenishment.  This is an environment where the time from desire to fulfilment is negligible and pain free for the customer.  The question that needs to be considered is: In a Just in Mind environment how do you forecast requirements both accurately and far enough in advance to be able to profitably service the customer?  To the authors the answer appears to be a combination of technical expertise and extreme customer intimacy.