Planning a Forecast for Discrete Manufacturers

This video explains how PLEX helps discrete manufacturers, particularly in the automotive industry, plan and forecast future demand. It highlights the ability to look beyond firm customer orders, especially with long lead times, by using past sales history and statistical methods to create an initial forecast. Furthermore, the system can incorporate other data, such as input from a sales team and industry-specific forecasts like the IHS light vehicle production forecast, to refine and project demand more accurately. This process allows manufacturers to be more proactive in their planning.