Supply Chain Shaman

NOVEMBER 9, 2023

Traditionally, the definition of end-to-end supply chain planning meant: Forecasting based on order or shipment patterns. Forecast consumption into supply planning based on rules (rules-based-consumption). Translation of the demand forecast into planned orders to minimize manufacturing constraints. Is there value?

Optimal Sourcing 339

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 339

ToolsGroup

JANUARY 15, 2024

The software company earns Leadership recognition in supply chain planning and demand planning across regions. BOSTON – January 15, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to be recognized as a Leader in five separate G2 Winter 2024 reports.

ToolsGroup 177

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply and Demand 177

ToolsGroup

MAY 2, 2023

FeaturedCustomers is the leading customer success content marketing platform for B2B business software and services, helping potential B2B buyers make informed purchasing decisions through vendor-validated content. Only 15 companies met the criteria needed to be included in the Spring 2023 Demand Forecasting Software Customer Success Report.

ToolsGroup 156

ToolsGroup Forecasting Software Supply Chain Design Software Supply Chain Planning Software 156

ToolsGroup

MARCH 30, 2022

Nespresso addressed this challenge by digitizing its end-to-end supply chain – from demand forecasts to order deliveries to points-of-sale—thanks to ToolsGroup’s digital supply chain planning platform. Predicting retail consumer demand has become much more complex. What critical issues have you addressed with this solution?

Supply Chain Planning Software 317

Supply Chain Planning Software Optimization Software Modeling Supply Chain Optimization 317

Supply Chain Shaman

NOVEMBER 15, 2023

The essence of the question is resilience and the ability to forecast in a variable market reliably. This gets us to the question of what is the role of the forecast?` For most, forecasting is a conundrum full of potholes, politics, and bias. I attempted and failed to: Use Point of Sale Data in Supply Chain Forecasting.

Supply Chain Planning Software 390

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 390

Logility

JUNE 23, 2023

That’s precisely what demand forecasting feels like for many businesses today. Enter causal forecasting. All these elements can help you predict where demand is heading. Unfortunately, many companies hesitate to use causal forecasting, thinking it’s too complicated or resource-hungry. And the result?

Forecasting 192

Forecasting Forecasting Software Modeling Predictive Analytics Software 192

SCMDOJO

JUNE 16, 2021

In this blog, we will discuss 6 Generations of Demand Forecasting Software, how the logic and algorithms are developed over time. The post 6 Generations of Demand Forecasting Software appeared first on SCMDOJO. Continue reading.

Forecasting Software 139

Forecasting Software Forecasting Demand Planning Software Software 139

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. How much will demand be impacted?

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

The Smart Software

APRIL 8, 2024

Companies that depend on spreadsheets for demand planning, forecasting, and inventory management are often constrained by the spreadsheet’s inherent limitations. The post The Cost of Spreadsheet Planning appeared first on Smart Software.

Supply Chain Planning Software 84

Supply Chain Planning Software Inventory Management Software Forecasting Software Supply Chain Planning 84

The Smart Software

APRIL 9, 2024

BAF had a problem: how to reliably plan production to meet demand. BAF was experiencing a gap between bookings forecasts vs. shipments, and this was impacting revenue and customer satisfaction BAF turned to Smart Software for help. The post Big Ass Fans Turns to Smart Software as Demand Heats appeared first on Smart Software.

Demand Planning Software 88

Demand Planning Software Forecasting Software Supply Chain Planning Software Network Optimization Software 88

Logility

JUNE 2, 2023

In the intricate world of supply chain management, the accuracy of demand forecasting often serves as the cornerstone of business growth. The very foundation of operational efficiency, customer satisfaction, and overall profitability hinges upon the ability to predict demand with precision. What is Demand Forecasting Accuracy?

Forecasting 130

Forecasting Modeling Forecasting Software Supply and Demand 130

ToolsGroup

JULY 5, 2023

With the release of v8.61, ToolsGroup enhances transparency and accuracy while increasing the power of SO99’s forecasting engine with expanded capabilities that now deliver: Automated New Product Introduction (NPI) Suggestions which automatically identify anomalies within NPI forecasts and recommend scenarios to most effectively address them.

ToolsGroup 156

ToolsGroup Optimal Sourcing Waste Reduction Inventory Reduction 156

The Smart Software

APRIL 11, 2024

Smart Software, a leader in enterprise demand planning, consensus forecasting, and inventory optimization solutions, announces the release of the GrowSmart extension in Collaboration with Grow, an Epicor solution. The post Smart Software Launches GrowSmart Extension in Collaboration with Grow appeared first on Smart Software.

Forecasting Software 52

Forecasting Software Optimization Software Supply Chain Planning Software Demand Planning Software 52

ToolsGroup

NOVEMBER 9, 2023

With ToolsGroup’s AI-powered demand forecasting, the plant-based food innovator revolutionizes its supply chain, maximizing accuracy, speed, and business performance. For more information about how AI-powered probabilistic forecasting lays the foundation for supply chain growth, read the full case study here.

ToolsGroup 156

ToolsGroup Supply Chain Transformation Supply Chain Planning Software Optimal Sourcing 156

ToolsGroup

JUNE 29, 2020

Adding to this already uphill battle, we don’t have trustworthy new product forecasting methods because forecasting new products with no sales data is very hit-and-miss. Machine learning (ML) provides an effective weapon for your new product forecasting arsenal. Why is new product forecasting important?

Forecasting 428

Forecasting Forecasting Software Supply Chain Planning Software Modeling Software 428

ToolsGroup

JULY 28, 2023

BOSTON – August 3, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named among ten Notable Vendors included in Gartner’s Midmarket Context: Magic Quadrant for Supply Chain Planning Solutions (July 2023).

Gartner 290

Gartner Supply Chain Planning Software ToolsGroup Vendor Strategies 290

The Smart Software

FEBRUARY 21, 2024

Smart Software announces today their strategic partnership with Sage. The post Smart Software Announces Strategic Partnership with Sage for Inventory Optimization and Demand Forecasting appeared first on Smart Software.

Forecasting 76

Forecasting Forecasting Software Optimization Software Demand Planning Software 76

ToolsGroup

NOVEMBER 8, 2021

Mi9 Retail’s Demand Management business was formerly known as JustEnough Software. BOSTON (Nov 8, 2021) – ToolsGroup , a global leader in supply chain planning and optimization software, today announced its acquisition of Mi9 Retail’s Demand Management business. Thomas O’Connor, Tom Enright. About ToolsGroup.

ToolsGroup 317

ToolsGroup Modeling Demand Management Demand Planning Software 317

ToolsGroup

AUGUST 10, 2023

Garrett Brands maintains a portfolio of perishable items affected by seasonal demand, all while maintaining a customer experience that is synonymous with the quality of Garrett Popcorn and Frango. These solutions tailor inventory to demand by accounting for market uncertainty, thanks to a powerful, built-in probabilistic forecast.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Software Modeling 156

Logility

SEPTEMBER 13, 2023

The founders had been in the enterprise software space and business planning space for decades and had come to the painful realization that technology was truly holding back this domain. Does the forecasting tool use this info to calculate demand? There was simply no way to do some very basic things in current tools.

Supply Chain Planning Software 155

Supply Chain Planning Software Forecasting Software Demand Planning Software Scenario Planning 155

The Smart Software

SEPTEMBER 5, 2023

Forecasting inventory requirements is a specialized variant of forecasting that focuses on the high end of the range of possible future demand. Traditional methods often rely on bell-shaped demand curves, but this isn't always accurate. The post How to forecast inventory requirements appeared first on Smart Software.

Forecasting 82

Forecasting Forecasting Software Inventory How To 82

ToolsGroup

JULY 25, 2023

After fruitful collaboration in Europe, the partners in supply chain software implementation celebrate a significant regional expansion. The two companies recognized the tremendous potential for a partnership that could meet the increased demand for supply chain solutions across Europe and Latin America. Find out more here.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Software Forecasting Software 156

Logility

SEPTEMBER 20, 2023

Even the most seasoned demand planners have struggled against unprecedented challenges in recent years. To meet the changing demands and continue to thrive, organizations need to find a way to align themselves with the permanent changes in the world and acquire the capability to translate them into insights.

Supply and Demand 131

Supply and Demand Supply Chain Planning Software Demand Planning Software Demand Planning 131

ToolsGroup

JANUARY 15, 2024

Retailers can now quickly sense, predict, and respond to real-time changes in demand to better navigate market uncertainty to achieve maximum profitability. Retailers today need an integrated solution that is agile enough to adapt to even the smallest changes in demand.”

Inventory Reduction 177

Inventory Reduction ToolsGroup Waste Reduction Price Reduction 177

ThroughPut

APRIL 30, 2024

In the ever-evolving landscape of global commerce, businesses face a significant challenge: the pain of inaccurate forecasts and the relentless pace of market conditions. These inaccuracies can lead to overstocking or understocking, missed opportunities, and a failure to meet customer demand. What is Supply Chain Forecasting?

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

ToolsGroup

JUNE 17, 2021

In a recent digital transformation in supply chain planning study conducted by CSCMP and ToolsGroup, 45% of respondents said the pandemic caused supplier instability/shifts and 30% were struggling with staffing shortages/reduced productivity, while 45% indicated demand for their products and services had increased at the same time.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

AIMMS

SEPTEMBER 28, 2020

Use cases include analyzing the impact of Supplier and DC closures and shutdowns, planning for steep demand decreases and increases, evaluating potential reshoring, and assessing potential network investments with scenarios. The machine learning algorithm then continually fine tunes the forecast model through each forecasting cycle.

Prescriptive Analytics Software 415

Prescriptive Analytics Software Supply Chain Design Software Modeling Supply Chain Planning Software 415

ToolsGroup

OCTOBER 3, 2023

The complexity of handling such a wide product range, characterized by high seasonality and intermittency, was further complicated by regionally differentiated demand trends and long supply lead times. The company operates out of six distribution centers, managing a portfolio of roughly 3,500 products.

ToolsGroup 156

ToolsGroup Inventory Reduction Resource Reduction Supply Chain Planning Software 156

ToolsGroup

OCTOBER 14, 2020

For some businesses, demand is soaring. For others, demand has fallen off almost completely. All these scenarios of course create huge demand fluctuations companies need to deal with that differ completely from their historical demand forecasts. Of course, demand forecasts are the biggest concern people have.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 296

The Smart Software

JULY 31, 2023

Often companies will insist that they “don't use forecasts” to plan inventory. While they don't think of what they are doing as explicitly forecasting, they certainly use estimates of future demand to develop reorder points such as min/max. The post Everybody forecasts to drive inventory planning.

Forecasting 82

Forecasting Forecasting Software Supply Chain Planning Software Inventory 82

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Logility

AUGUST 30, 2023

Supply chain planning involves numerous variables, such as demand forecasts, inventory levels, lead times, and production capacities. For example, imagine a manufacturing company trying to optimize its production schedule based on demand forecasts.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 130

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. It used to take two people anywhere from 10 to 15 days to create a 12-month forecast.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

The Smart Software

APRIL 17, 2023

What do you do when you are forecasting an intermittently demanded item, such as a spare part, with an average demand of less than one unit per month? Most of the time, the demand is zero, but the part is significant in a business sense; it can’t be ignored and must be forecasted to be sure you have adequate stock.

Forecasting 75

Forecasting Forecasting Software How To Supply and Demand 75

The Smart Software

JULY 28, 2023

Sales forecasts are often inaccurate simply because the sales team is forced to give a number even though they don’t really know what their customer demand is going to be. Don’t bother playing the game of feigning acceptance of these forecasts when both sides (sales and supply chain) know it is often nothing more than a WAG.

Forecasting 73

Forecasting Forecasting Software Supply Chain Planning Software Demand Planning Software 73

The Logistics & Supply Chain Management Society

JUNE 14, 2023

Statisticians use the phrase differently, in a way that has high relevance for demand planning and inventory optimization. This blog is about “regime change” in the statistical sense, meaning a major change in the character of the demand for an inventory item. Assume daily demand has a Poisson distribution with an average of 1.0

Inventory 130

Inventory Supply and Demand Scenario Planning Demand Planning Software 130

CHAINalytics

DECEMBER 15, 2020

A demand planning application should generate value that goes beyond statistical forecasts. With the IPO of cloud-based data warehousing company Snowflake, the value proposition of demand planning software has changed.

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Supply and Demand Demand Planning Software Supply Chain Planning Software Forecasting Software 126