Hilco Global issued a report on the unprecedented circumstances facing businesses and how they should adjust their existing predictive forecasting models. The report also details the steps businesses should follow to ensure their own success in the current crisis environment.

The Hilco report, Monitoring and refreshing your predicative S&OP models is essential to ensuring Supply Chain Efficiency During and Post COVID-19 Crisis, co-authored by Steven Tanzi and Mallory Rittgarn of Hilco Performance Solutions, explores how supply chain vulnerabilities worldwide have been exposed as a result of the current COVID-19 pandemic and associated global productivity loss.

The report explains how, by modifying the way they view their upcoming demand forecasts from ordering rate to consumption rate, companies across industries can better understand how much inventory is actually out in the market and enable them to better configure their production of products/availability of services to meet needed replenishment rates.

“In the absence of existing models capable of assisting with forecasting demand and developing informed S&OP and supply chain planning during this period,” says Steven Tanzi, “now is the time for businesses across multiple impacted industries to work toward identifying the steps they’ll need take to ensure they’re able to maximize potential revenue during the remainder of this crisis and as we emerge from its grasp.”

To obtain a copy of the report contact Gary Epstein, chief marketing officer of Hilco Global at [email protected].