What are the best practices for forecasting demand and managing inventory for high-demand devices?
Demand Forecasting
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What forecasting models or techniques have proven most effective for high-demand devices, especially in volatile markets?
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How do you incorporate external factors—like seasonality, product launches, or macroeconomic trends—into your demand forecasts?
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What role does AI and machine learning play in improving forecast accuracy today?
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How do you balance historical data with real-time signals (e.g., social media trends, pre-orders)?
Inventory Management
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How does forecasting plays a role in inventory management?
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What are the other key strategies for maintaining optimal inventory levels without overstocking?
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How do you manage inventory across multiple channels (e.g., Hospital, ASC, Retail, distributors) for high-demand products?
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What technologies or systems have helped streamline inventory visibility and responsiveness?
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How do you handle inventory allocation during constrained supply situations or product shortages?
Integration & Collaboration
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How do you ensure alignment between sales, marketing, and supply chain teams in forecasting and inventory planning?
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What are some best practices for collaborating with suppliers and partners to improve demand visibility and inventory agility?
Metrics & Continuous Improvement
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What KPIs do you track to measure the success of your forecasting and inventory strategies?
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Can you share a real-world example where a change in forecasting or inventory management led to significant business impact?