Collaborative Supply Chain Forecasting Faces Serious Challenges
Collaborative Supply Chain Forecasting (CSCF) is a business discipline involving multiple supply chain stakeholders, including suppliers, distributors and sellers, that is aimed at producing a more accurate forecast of future demand and supply. Participants share supply and demand data, forecasts, assumptions and insights to improve visibility, reduce inefficiencies and attenuate supply-demand mismatches. ISG asserts that by 2028, one-third of larger enterprises will have adopted some form of CSCF to reduce costs and improve customer service and supplier relations. However, there are serious challenges to widespread adoption.