High frequency data is the solution to navigating a volatile environment
Warehouses are full of unneeded inventory due to the fact companies like Target and Walmart could not predict demand and production capability effectively. While few companies have come out with a supply chain success story from the past two years, there are lessons to be learned from the gross failure of demand side forecasts.
The Outbound Tender Volume Index (OTVI) that measures truckload demand did not predict the...
https://www.freightwaves.com/news/supply-chains-have-a-forecasting-problem