DELMIA Quintiq

APRIL 6, 2020

The key challenge is to not over-produce and stock up on excessive inventory , but at the same time be ready for summer by securing on-shelf availability and fulfillment. Dr. Rob Hyndman, forecasting expert at Monash University in Melbourne, Australia, recently wrote in his blog ( [link] ) the methods used to forecast the spread of COVID-19.

Scenario Planning 296

Scenario Planning Supply Chain Planning Software Food Modeling 296

Logility

SEPTEMBER 19, 2023

Retailers across the world have surplus inventory of nearly every kind of consumer goods – clothing, electronics, housewares. So much so that some big retailers are allowing customers to keep their returns instead of adding to the already excess inventories.

Supply Chain Planning Software 135

Supply Chain Planning Software Modeling Supply Chain Software Supply Chain Planning 135

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

ToolsGroup

JULY 26, 2022

ToolsGroup won the award for its deep supply chain planning expertise and cloud-based solutions for retail, manufacturing, distribution, consumer goods, aftermarket parts, and telecom industries. It was announced at Inspire 2022, the annual event dedicated to the Microsoft partners ecosystem.

ToolsGroup 156

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Software 156

Alloy

DECEMBER 27, 2018

Consumer goods companies rely on forecasts to support inventory planning and distribution across their sales channels. Below, we’ll explore two of the top forecasting errors consumer brands commit, along with suggestions for how to avoid these pitfalls.

Forecasting 40

Forecasting Modeling Forecasting Software Demand Planning Software 40

Logistics Viewpoints

JANUARY 11, 2023

billion globally, and I forecast it to grow to $9.9 Inventory Management in a High Inflation Environment ; Clint Reiser. Instead, they are likely to carry higher levels of inventory as a lower cost alternative to minimizing disruptions. Can Improving Forecast Accuracy Address Our Demand Planning Woes? billion in 2019.

Logistics Network Optimization Software 216

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 216

CHAINalytics

OCTOBER 29, 2018

Chainalytics recently worked with a personal care brand manufacturer to improve its demand forecasting and production planning processes which helped reduce rising backorders, restore customer service levels, and maintain growth. A rapidly expanding consumer goods company recently found itself struggling to meet customer fill rates.

Forecasting 60

Forecasting Supply and Demand Supply Chain Planning Scenario Planning 60

Alloy

JANUARY 7, 2019

We’re thrilled to be starting off the year at Alloy on an exciting note by announcing the release of our new intelligent demand forecasting capability. Our customers have found it helps them more quickly respond to consumer demand? Our customers have found it helps them more quickly respond to consumer demand?—?minimizing

Forecasting 40

Forecasting Forecasting Software Supply and Demand Demand Planning Software 40

Alloy

MARCH 5, 2019

Forecasting is the process of estimating future demand in order to help make better-informed business decisions today. Across consumer goods brands, teams use forecasts to more intelligently allocate resources, optimize inventory, and maximize revenue. However, companies vary widely in their forecast accuracy.

Forecasting 40

Forecasting Modeling Supply and Demand Alloy 40

Alloy

SEPTEMBER 3, 2019

Without this visibility into available inventory and focus on looking ahead to the future, you’ll find it hard to deliver the data-driven recommendations that retailers are looking for from their top partners. It’s calculated by dividing Retailer COGS by the average inventory on hand during the period. Weeks of Supply.

Forecasting 40

Forecasting Forecasting Software Alloy Retail 40

My Office Apps

JULY 19, 2023

Efficient Consumable Inventory Management: Tips for Success in Supply Chain Optimization Welcome to the ultimate guide to efficient consumable inventory management! Understanding Consumable Inventory Consumable inventory plays a crucial role in various businesses and industries.

Inventory Management Software 54

Inventory Management Software Inventory Management Inventory Reduction Inventory 54

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

ToolsGroup

AUGUST 20, 2019

Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. versus $4.84 per $1000 of revenue).

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

Unleashed

SEPTEMBER 30, 2021

Vendor managed inventory (VMI) – when executed well – can be an efficient and cost-effective system for managing the supply of goods. Learn more: What is Inventory Management? Techniques for 2021 What is vendor managed inventory? How does vendor managed inventory work?

Vendor Strategies 98

Vendor Strategies Inventory Reduction Inventory Inventory Management Software 98

E2open

JULY 11, 2016

Turning Your Consumer Goods Supply Chain Into a Competitive Advantage. Today’s modern supply chains are multi-enterprise, starting with consumers, retailers, distributors; and flowing through an extended network of suppliers, contract manufacturers, and other third parties. Create healthy inventory across the entire value chain.

Consumer Goods 60

Consumer Goods Supply Chain Software Supply Chain Planning Software Supply Chain Planning 60

ToolsGroup

JANUARY 3, 2017

Prior to a recent ToolsGroup user conference, we carried out an initial survey of our clients, completing it with the known data of our installed base and analyzing the results in three industries: consumer goods (27% of customers surveyed), retail (29%) and industrial (44%). Same as Consumer Goods, plus difficult to predict demand.

Benchmarking 168

Benchmarking Supply Chain Planning Scenario Planning Forecasting 168

Operations and Supply Chain Management

OCTOBER 18, 2021

Forecasting Shipping Delays; Cargo Swamps Airports; Alibaba’s Challenge. The supply-chain problems are helping drive stronger inflation, the WSJ’s Gwynn Guilford and Anthony DeBarros report , as rising transport and other logistics costs flow through to the cost of consumer goods. ?. Trouble viewing this email? By Paul Page.

Forecasting 52

Forecasting Cargo Forecasting Software Logistics Network Optimization Software 52

Logistics Viewpoints

APRIL 3, 2023

When reality differs from the forecasted plan, the solution is programed to make certain decisions in a fully automated manner, some decisions that are either approved or rejected by humans, while some decisions still need to be made solely by humans. Allocation is a good example of this. I believe this claim.

Supply Chain Planning Software 252

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 252

Alloy

APRIL 10, 2019

Out-of-stock (OOS) events present a real conundrum to consumer goods companies when forecasting demand. Using just aggregate sales, even if it is sell-through vs. sell-in, is insufficient for demand forecasting because historical demand is under-estimated where OOS events have occurred.

Forecasting 40

Forecasting How To Modeling Alloy 40

ToolsGroup

MARCH 24, 2021

I have been a ToolsGroup partner since 2015, after working over 10 years at a global consumer goods company, where I started knowing and enjoying the benefits of ToolsGroup Service Optimizer 99+ (SO99+). At first the planners were sceptical as the forecast looked almost too good to believe. My company Advancetics B.V.

Modeling 177

Modeling Supply and Demand Supply Chain Disruption Supply Chain Planning Software 177

EazyStock

FEBRUARY 17, 2021

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 75

QAD

MARCH 30, 2023

As I discussed in a recent article in RFID Journal , RFID technology has changed a lot since 2005 and could be the secret to ensuring greater visibility and inventory accuracy this year. RFID tags are one of the best technologies for quickly and accurately tracking goods throughout the value chain. What is RFID Technology?

Manufacturing Procurement 90

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 90

Logistics Viewpoints

SEPTEMBER 19, 2022

Nulogy, for example, is a platform for collaboration between consumer goods brands and their copacker and comanufacturing partners. Chris Castle, the vice president of product management at Nulogy, said that collaboration in the consumer goods industry was more even handed than in industries like automotive.

Supply Chain Design Software 157

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Network Software 157

Supply Chain Matters

DECEMBER 28, 2023

An initial estimate of this year’s retail holiday spending indicates a mixed bag, depending on either retail industry, consumer goods producer or logistics and transportation industry perspectives. As a point of reference, in September, Mastercard had forecasted an anticipated 3.7 percent increase in holiday period sales.

Forecasting 52

Forecasting Apparel Inventory Reduction Journal 52

Supply Chain Shaman

OCTOBER 29, 2013

As a result, the discussion needs to be less about the “demand forecast number” and more about the probability of demand. This requires using new forms of analytics for inventory optimization and network design and doing less on spreadsheets. If only companies could sell what they forecast. Reduce Bias and Error.

Forecasting 257

Forecasting Supply Chain Design Software Modeling Forecasting Software 257

ToolsGroup

AUGUST 20, 2019

Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. versus $4.84 per $1000 of revenue).

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 136

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

Demand Sensing for Accurate Planning and Forecasting. A McKinsey’s report published in 2022 indicates that 32 per cent of people from industries like automotive, consumer goods, and pharmaceutical find demand variability and forecasting responsible for value chain disruptions. billion by 2025.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 130

Stord

APRIL 11, 2022

The out-of-stock sticker shock we experienced in the past few years is forcing retailers to take a hard look at how they plan inventory. Product availability was a clear problem during the pandemic: last holiday season, consumers saw over 6 billion out-of-stock messages online , a 253% increase over the 2019 season. in April 2021.

Inventory Reduction 78

Inventory Reduction Inventory Manufacturing Procurement Purchasing Skills 78

Supply Chain Shaman

MAY 1, 2023

The responsive volume can vary from 5-10% in consumer goods to 80-90% in agroscience. The techniques to improve agility are improving data transparency/insights, use of attribute-based planning, design of push-pull decoupling points, pooling of inventory, and configure-to-order/make-to-order manufacturing. Inventory as Waste.

Inventory Reduction 248

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 248

Logility

NOVEMBER 13, 2020

Causal f orecasting shines a light on , and isolates, actual demand signals from market “chatter,” thus improving forecast quality. What Exactly Is Causal Forecasting? . First, what it’s not is a replacement for demand forecasting. The Benefits Offered by Logility’s Causal Forecasting Solution.

Forecasting 246

Forecasting Forecasting Software Supply Chain Planning Software Price Reduction 246

Supply Chain Matters

MAY 17, 2022

Walmart CEO Doug McMillon indicated to investors that inflationary costs related to rising fuel and inventory costs created more pressures on margins than previously expected and that the retailer is now adjusting. Regarding outlook for the remainder of 2022, the retailer forecasted a 3.5 Comparable same store sales for the U.S.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Strategy Retail Supply Chain Planning 52

Logility

OCTOBER 15, 2021

The new release includes reimagined inventory planning and optimization functionality, enhancements to raw materials traceability, enhanced notification capabilities, and a new-look demand forecast view that increases accessibility and readability for all decision-makers. Other Features in this Release.

Supply Chain Planning Software 181

Supply Chain Planning Software Sustainability Supply Chain Planning Innovation 181

Elementum

SEPTEMBER 6, 2022

Accepted inefficient practices and conditions often include: Manual data entry errors Raw material wastage High instances of substandard products Bottlenecks in logistics and production Recurring variances or exceptions Inventory overstocks Businesses must be proactive in resolving these difficulties.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 78

ToolsGroup

DECEMBER 4, 2018

Direct-to-Consumer (DTC) presents special supply chain planning challenges for both smaller microbrands (e.g., eyeglass brand Warby Parker or mattress seller Casper) and much larger consumer goods incumbents, but the planning challenges are different depending on which type of company you are.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 159

Supply Chain Matters

SEPTEMBER 7, 2023

In this posting we highlight today’s announcement by supply chain planning technology provider Logility indicating a definitive agreement to acquire Garvis , described as a visionary startup that combines large language models (LLM’s) with AI-native demand forecasting. No financial details have been shared regarding this acquisition.

Supply Chain Planning Software 59

Supply Chain Planning Software Logility Forecasting Software Demand Planning Software 59

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Learn more: Inventory Accounting – A Free Video Guide for Accountants & Advisors What is Days Sales of Inventory (DSI)? It’s also known as Days Sales in Inventory and Average Age of Inventory.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Logility

JULY 4, 2018

However, supply chain planners from thousands of different consumable and non-consumable consumer goods companies use past 4 th of July demand trends to predict demand for their products for the upcoming 4 th of July Holiday. Procurement and manufacturing plans need to be created and executed based on these forecasts.

Optimal Sourcing 102

Optimal Sourcing Modeling Supply Chain Planning Software Supply Chain Optimization 102