decisions-bad-data-supply-chain-data-accuracy Blog Related Topics 
Supply Chain Shaman
JANUARY 2, 2023
This blog post started a series of telephone calls. The question was, “How can I redefine demand planning processes to use channel data?” Their question was, “Why were consumer products companies not using retail data to drive demand processes?” In this blog, I try to answer both questions.
Logility
JULY 7, 2020
However, it is critical to realize that access to data does not equate to insight or value. Humans have a limited ability to first understand what data is important and second to conduct the analyses necessary to make the right decisions. to improve forecast accuracy. to improve forecast accuracy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
ToolsGroup
MARCH 16, 2021
I have been blogging and advocating for the past 15 years on probabilistic approaches to planning and forecasting, and am happy to see in the last few years it has finally started gaining traction and attention. It is impossible to properly judge deterministically how good or bad a plan or forecast is. Precision vs. Accuracy.
ToolsGroup
APRIL 4, 2023
These companies understand that one bad experience could jeopardize future sales. Regardless of restocking frequency and location, being able to collect and analyze data on traveler behavior, destination information, occupancy expectations, and trip duration is key to understanding demand for each item in your inventory.
Enterra Insights
JANUARY 26, 2022
The connection between RPA and supply chain functions may not be clear until you realize just how much paperwork is involved in supply chain transactions. Brian Belcher, Co-founder and Chief Operating Officer of Vector, asks, “When will supply chains finally move on from paper?”[1] 1] Good question.
ToolsGroup
JULY 11, 2019
Nowadays everyone’s writing and speaking about supply chain complexity , but not many are talking about how to turn around all that complexity and variability for business advantage. The company’s tremendous growth resulted in a very complex supply chain network that was no longer running optimally. million SKU-Markets).
Demand Solutions
NOVEMBER 5, 2018
Managing a supply chain is not easy, although the job description is seemingly straightforward: Ensure that the right products are available at the right location at the right time. Of all the factors that can impact available stock levels, forecast accuracy is the most decisive factor in predicting if you'll be able to satisfy demand.
Expert insights. Personalized for you.
358 
Let's personalize your content