article thumbnail

Your Sales Plan is NOT a Forecast!

The Logistics & Supply Chain Management Society

Your Sales Plan is NOT a Forecast! That was an absurd leap to make, I know, but no more absurd than using the terms “sales plan” and “sales forecast” interchangeably in a retail setting. ” “Reconciling” the Plan and the Forecast. – William Hazlitt (1778-1830). Nor should it.

article thumbnail

2022 Forecast: Supply Chains Become Critical Infrastructure

ToolsGroup

Let’s kick off 2022 with a little thought experiment… What’s a problem affecting every nation on earth? All this led to global supply chain disruptions and inventory build-ups, wrong inventory mixes, and supply chain shortages in 2022. I fully expect that we will see more governments introducing supply chain legislation in 2022.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2022 Transportation Market Forecasting & Your 2022 US Trucking Outlook

CHAINalytics

So, we figured it was time to dust off the old Chainalytics crystal ball and throw our hat into … The post 2022 Transportation Market Forecasting & Your 2022 US Trucking Outlook appeared first on Chainalytics.

article thumbnail

Baby Formula Deficit: Unfortunate Lessons in Demand Forecasting

Logility

The need for more resilient supply chains and better demand forecasting was becoming more essential. With the rise of companies looking to implement AI into their supply chains, more accurate forecasts are within reach. The FDA closed a manufacturing facility in 2022 due to bacteria-related infant deaths and recalled products.

article thumbnail

The 2023 Supply Chain Crystal Ball: Challenges and Solutions

Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst

Forecasting techniques to manage inventory. December 7th, 2022 at 9:30 am PST, 12:30 pm EST, 4:30 pm GMT You'll learn more about: Trending supply chain tech investments to consider. Procurement strategies in response to network delays and bottlenecks.

article thumbnail

NRF Forecasts 2024 U.S. Retail Sales of $5.2 Billion

Supply Chain Matters

Last week, the National Retail Federation (NRF) forecasted its outlook for retail sales this year. Non-store and online sales included in the above figure are forecasted to grown in a range of between 7 percent and 9 percent year-over-year, equating to a range of $1.47 The 2024 forecast compares to the sales growth of $5.1

article thumbnail

The Hippocratic Oath for Forecasters

Arkieva

Is there an equivalent to the Hippocratic Oath for forecasters? What harm(s) can a forecaster easily avoid? The Hippocratic Oath for Forecasters was first posted on May 10, 2022 at 9:02 am. This blog explores some examples.