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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely!

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Taming Supply Chain Bullwhips with Artificial Intelligence

Logility

Taming Supply Chain Bullwhips with DemandAI+ Bullwhip effect is a common term used in supply chain to describe how a small change in consumer purchasing pattern or a change in any demand pattern that can cause significantly large impacts to supply. Excel-based tools lack these capabilities.

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Strategy. Strategy. Wherefore Art Thou Strategy?

Supply Chain Shaman

We find that companies with an analytics center of excellence drove progress faster than those with a supply chain center of excellence. While companies build Supply Chain Centers of Excellence, most are not clear on what good looks like. When you ask, “What defines supply chain excellence?”

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Consumers and Retailers Have Embraced Omnichannel Operations

Enterra Insights

.”[1] Most retailers seem to agree with that conclusion and, as a result, they have invested a lot of time and money into bolstering their omnichannel operations in order to serve consumers where and when they shop. The Omnichannel Consumer. ”[2] Yes, consumers can be difficult to figure out. .”[2] ”[3].

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Q&A With Women Making a Big Impact in Supply Chain

ToolsGroup

Over time, I’ve been fortunate to work in groups where both men and women were well represented, and I’ve had excellent leaders who championed my career by giving me the freedom to chart my own path. The good news is we’re catching up, making substantial contributions in the overall supply chain workforce.

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Will the Downturn Signal an Upturn?

Supply Chain Shaman

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. The supply chain needs to respond to market demand and consumer sentiment. Instead, we forecast using traditional methods: we do not sense markets.

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Getting Down to Brass Tacks: Can We Really Collaborate?

Supply Chain Shaman

Consumers want to shop anywhere, and buy in the way that they want to buy. The digital consumer often wants to shop online, pick up at the store, and conveniently manage returns. Each year I go to the Consumer Goods and Technology (CGT) conference where speaker-after-speaker talks about retail/supplier collaboration.