https://www.allthingssupplychain.com/bringing-a-supply-chain-fail-back-to-the-future-2/?utm_source=rss&utm_medium=rss&utm_campaign=bringing-a-supply-chain-fail-back-to-the-future-2 Supply Chain trends, best practices, news and much more! Thu, 12 Dec 2024 15:05:47 +0000 hourly 1 https://wordpress.org/?v=7.1.4 https://www.allthingssupplychain.com/bringing-a-supply-chain-fail-back-to-the-future-2/#comment-8270 Mon, 13 May 2013 12:30:41 +0000 https://www.allthingssupplychain.com/?p=799#comment-8270 […] The demise of the DeLorean Motor Company (DMC) is a prime example of the how businesses can suffer major consequences as a result of poor demand planning. DMC ordered excessive levels of stock in order to meet their ambitious output targets. However, the manufacturer massively over estimated demand and redundant stock soon caused a financial crisis. While DeLorean became a victim to this particular procurement pitfall in the early 80s, such issues continue to plague businesses today. For example, maintaining constant availability of products has grown into a major competitive concern as failure to meet demand can leave businesses dangerously exposed to the competition. As a result, accurate demand planning has become more paramount than ever in achieving successful procurement. […]

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