Collaborative Supply Chain Strategy: The Flavor and Fragrance of Success at Firmenich
Switzerland-based Firmenich has been researching, studying and creating fragrances and flavors for more than a century. As part of an ongoing project to cut cost and increase throughput and margins, Firmenich sought a supply chain management application to eliminate information silos and automatically address other issues such as excess inventory, load imbalances, customer service, forecasting, and other, potentially expensive inefficiencies.
Collaborative Demand Planning
In theory, demand planning is the foundation for profitable operations. But in practice, it is often a difficult endeavor. Accuracy can fluctuate wildly, and companies tend to react to inaccuracies with new investments in technology, processes, and people. However, new investments do not guarantee better forecasts. There are often fundamental issues that need to be addressed before achieving positive results.