Raw material prices have become 3x more volatile in the past years. Yet most companies have limited price forecasting capabilities. Simon-Kucher’s advanced forecasting method generates >90% price forecasting accuracy. Implemented at clients, this has resulted in a 6-12% EBIT improvement.
If your company’s costs or sales are impacted by any type of raw material that has a public index, this webinar is for you.
This 30-minute webinar will introduce you to a powerful method that will make your job easier:
If you’re in finance: Create more accurate budgets and forecasts for better financial stability. Mitigate risks from price fluctuations. Make informed investment decisions, such as whether to invest in futures contracts or other hedging strategies.
If you’re in sales: Enhance price realization on spot deals by factoring in market volatility. Strengthen customer relationships through proactive price communication. Improve sales forecasting, leading to better demand planning and inventory control.
If you’re in pricing: Develop competitive and profitable pricing strategies based on price forecasts. Implement dynamic pricing to optimize prices in line with predicted market conditions. Protect profit margins by adjusting prices in anticipation of cost changes.
If you’re in S&OP: Predict customer demand for more efficient production and supply chain planning. Allocate resources more effectively by aligning production schedules with market conditions. Enhance collaboration across sales, operations, and procurement.
If you’re in procurement: Optimize costs by balancing long-term contract and spot deals. Improve supplier negotiations using data-driven insights. Reduce costs related to overstocking or stockouts.
And if you’re in management you will benefit from all the above.
Don’t miss this opportunity and register now!
