Scenario planning was first pioneered by Shell in the 1970’s and since then has been promoted by consultancies worldwide as a powerful tool to help companies prepare for every eventuality. Here, we discuss the effectiveness of this approach and whether it can be replaced by alternative methods, such as probabilistic forecasting.

Scenario Planning vs. Probabilistic Forecasting

Quantitative supply chains are the future: where every possible future gets a probability, where every possible decision gets an economic score, and where control is given back to management thanks to extensive automation. Lokad's goal is to make this future a reality. We help companies do more with their supply chains, their inventories and their production capacities than classical methods would ever allow.

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Scenario Planning vs. Probabilistic Forecasting

Scenario Planning vs. Probabilistic Forecasting