Logistics Viewpoints
MARCH 27, 2023
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!
Logility
AUGUST 31, 2023
The consumer goods industry may have experienced tremendous growth, but figuring out what consumers want is an ever-evolving puzzle. From where they shop and how frequently they buy to what price points entice them, consumer behaviors have been challenging to predict over the past year.
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ThroughPut
DECEMBER 5, 2023
Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. The lack of forecasting accuracy can easily spill hardship into other departments. What is Demand Forecasting?
ToolsGroup
DECEMBER 6, 2016
Editor's Note: This is the second in a three part series on advanced demand analytics to improve demand forecasting. Demand forecasting software can usually factor in climate and seasonality , like more ice cream being sold during summer months or in warmer climates. But weather data adds a more granular time-sensitive signal.
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.
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. Sourcing Journal). View in web browser ›.
ToolsGroup
AUGUST 20, 2019
Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. For instance, less mature organizations may focus too much on forecast accuracy. The forecasting process had become very complex without adding value. For example ….
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