Historically, most manufacturing organisations have enjoyed relative stability of business, but no more is this so. The famous US Defence term VUCA (volatility, uncertainty, complexity and ambiguity) have moved from the battlefield to the world of business. As you deal with failing forecast accuracy and simultaneous stock outs and inventory increase, this article from the McKinsey Quarterly highlights the need to upgrade supply chain management techniques.
http://www.mckinsey.com/insights/operations/building_the_supply_chain_of_the_future

An interesting survey done by Cognizant to look into the areas where businesses expect supply chain planning to help the most and some of the key trends in the field. It is interesting that the top two opportunity areas are forecast accuracy improvement (!) and sales & operations planning process. The trends are also indicative of the need for companies in Asia to seriously increase their focus on supply chain planning processes, as it seems the world is moving on.
http://www.slideshare.net/cognizant/supply-chain-planning-benchmark-study-2014?qid=42f31cf5-0d17-475f-9eba-c21432b4ac96&v=qf1&b=&from_search=1