PMIs give businesses the opportunity to track economic change and forecast future trends using facts, not opinions.
In the January issue of Supply Business, John Glen discusses the scope of PMIs for accurately indicating an organisation’s activity at some point in the near future.
Businesses must first understand the relationship between movements in a given PMI and movement in their sales or pricing through establishing a relatively simple spreadsheet model.
The insight gleaned from monitoring this relationship allows business leaders to make decisions regarding marketing, procurement and operational capacity that will keep them ahead of both the market, and their competitors.
Read John’s full explanation of the benefits of consulting PMIs in the latest edition of Supply Business