ToolsGroup

APRIL 25, 2019

Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. weather, social media). Set Specific Business Objectives at the Start.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

ThroughPut

MAY 2, 2024

Add to that the growing demands of sustainability all around! Achieving any kind of business and operational efficiency is possible only when you lead plans by demand. However, demand planning is a complex function and ineffective demand planning can spell doom in the modern commercial world.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Modeling 52

DynaSys

JULY 13, 2021

The demand planning cycle is a supply chain management process that uses forecasting to understand the demand for products. Demand planning strikes the balance between having sufficient stock levels to meet demand without having surplus. The demand planning cycle uses the following systems: Data management.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

DynaSys

AUGUST 5, 2021

When formulating a Demand plan , you need to strike the balance between having sufficient stock levels to meet customer demands without having surplus. This means leveraging the right tools and data to build your demand plan from the outset. What should you look for in a platform to help you build your demand plan?

Supply and Demand 52

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 52

Unleashed

FEBRUARY 1, 2023

The onset of COVID and the rapidly changing environment of a pandemic-hit world has meant demand planning has become more difficult – and as a result, more critical – than ever. What is demand planning? Demand planning is the process of predicting what customer demand will be for a certain product.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

SupplyPike

FEBRUARY 5, 2020

What is a demand plan? Demand planning tells you how much inventory you can expect to sell, down to the regional level. Armed with point-of-sales data, knowledge of inventory issues, and accounting for anomalies, you can plan on how much product to manufacture, store in your warehouses, and ship to each region.

Supply and Demand 63

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 63

Unleashed

APRIL 18, 2023

The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

ThroughPut

AUGUST 24, 2021

Earlier in the day, demand planning was a guessing game that relied more on intuition, instinct, and inclination. But with the advent of the information economy and Artificial Intelligence (AI), this process became data-driven. The unavailability of raw materials and changing consumer patterns heavily impacted demand.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Vanguard Software

JULY 20, 2021

And before that, in 2001, Nike also had a demand planning blunder that led to a $100 million loss in sales. These examples show how imperative a proper process for demand planning and supply planning is to an organization’s overall health and profitability. Demand Planning Forecasting Application.

Supply and Demand 52

Supply and Demand Supply Chain Planning Software Demand Planning Demand Planning Software 52

DynaSys

MARCH 26, 2019

These are the metrics a demand planner needs to know and understand to confirm their assumptions. All these pieces of information are key for the demand planner. The key to this step is to gather information about a specific event, such as the end of a product life cycle, shortage, promotional effects, etc.,for

Supply and Demand 75

Supply and Demand Demand Planning Forecasting Supply Chain Planning 75

ThroughPut

JULY 6, 2021

Thriving In ‘The New Normal’ With 5 Demand Planning & Forecasting Methods. Businesses around the world are pondering upon these questions and each of them leads to a simple answer – effective supply chain demand planning and forecasting. Understanding and predicting demand in unpredictable times .

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

QAD

MAY 23, 2024

Leveraging our collective experience of over 70 years, my colleague Charlie Marge and I have been guiding businesses through the maze of Sales and Operations Planning (S&OP) and IBP. In the high-speed business environment of today, the need for precise demand forecasting and effective supply chain management is paramount.

Beverage 66

Beverage Scenario Planning Supply Chain Planning Software Food 66

Kinaxis

NOVEMBER 26, 2014

Reason #8 Keeping supply chain information in silos (and preventing your users from making the best decisions). They do this by preventing them from getting (or making it very difficult to get) any more information than they absolutely need to do their specific job. Reason #5 Not having a supply chain risk management process.

Supply Chain Planning Software 256

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 256

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. So I started this book as a summary of this research.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Logistics Viewpoints

MAY 15, 2024

Last year, Blue Yonder launched its cognitive demand planning application, which is the first application to be written natively on the data cloud. When you look at key metrics, they relate to speed: on-time delivery, inventory turns, throughput, dwell time, etc. For me, the cognitive solutions were the real highlight.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Agile and Lean Supply Chain 216

Logility

MARCH 6, 2020

Stakeholders who care about forecasting in demand planning care about accuracy, and usually will not accept a new forecasting method unless it is rigorously validated against known forecasting benchmarks with proven accuracy. Logility ingests this information, quickly building highly accurate and highly granular forecasts.

Forecasting 260

Forecasting Supply and Demand Forecasting Software Modeling 260

Arkieva

JUNE 16, 2016

Good handling of market demand data is one of the most vital concepts in any supply chain. The correct management of demand information can greatly influence the level of integration and responsiveness, and has a direct impact on customer service and inventory levels. But how to create powerful demand planning implementation?

Supply and Demand 60

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 60

Logistics Viewpoints

DECEMBER 15, 2022

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. Since there are often differences in store sizes, a metric representing the size can be added as well for a two-dimensional clustering approach. and Europe.

Optimal Sourcing 195

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 195

Supply Chain Game Changer

NOVEMBER 3, 2022

Financial Information Monitoring. Modern bookkeeping systems are a perfect tool for monitoring the financial information of your company that might help you improve supply chain cost control. Real-Time Information Sharing. Real-time information sharing is a critical element of supply chain management. Demand Planning.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

Logility

MAY 17, 2024

However, Logility’s GenAI capability is designed specifically for supply chain use cases, providing critical answers about top products, forecast insights, demand plans, and more. Now, GenAI democratizes access to supply chain information.

Supply Chain Design Software 161

Supply Chain Design Software Supply Chain Planning Software Forecasting Software Analytics Software 161

The Smart Software

NOVEMBER 13, 2023

Measuring the accuracy of forecasts is an undeniably important part of the demand planning process. This forecasting scorecard could be built based on one of two contrasting viewpoints for computing metrics. Both are valid, but error metrics provide more information.

Forecasting 81

Forecasting Forecasting Software Metrics Supply and Demand 81

BlueYonder

APRIL 5, 2017

What your demand planning organization does is key to where it sits and how it needs to be structured. What follows is a high-level look at the processes that a robust demand planning function supports. Demand Planning Supported Processes. And producing the demand plan is a combination of science and art.

Supply and Demand 55

Supply and Demand Demand Planning Groups Supply Chain Planning Software 55

Logility

AUGUST 25, 2020

Poorly implemented demand planning software mis-forecasts demand for branded sneakers. Demand planning systems unable to forecast demand-slowing associated with economic meltdown. Would access to better supply chain and IT performance information have helped avert or mitigate these failures?

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Logility

JUNE 23, 2023

That’s why we’re here to break it down for you and show why it’s high time you included causal forecasting in your demand planning toolkit. A traditional forecasting model might look at last year’s sales metrics to predict this year’s. What is Causal Forecasting?

Forecasting 192

Forecasting Forecasting Software Modeling Predictive Analytics Software 192

ToolsGroup

NOVEMBER 27, 2018

Companies are seeking to implement (or re-implement) planning technology solutions, tune and optimize existing methodologies towards tighter variances, and integrate more accurate information into their planning processes. For demand planning, the key drivers to understand are about the behavior of the forecasted demand signal.

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

DynaSys

DECEMBER 11, 2018

Prerequisite #3: Flow-Based Metrics. The DDAE model uses different metric emphases within each of the operational, tactical and strategic relevant ranges to promote and protect flow today and into the future. Strategic metrics emphasize contribution margin, working capital control and customer base control and development.

Modeling 40

Modeling Metrics Modeling Software S&OP 40

Logility

AUGUST 14, 2023

The presence — or absence — of required data is going to have an impact on the metrics being used to measure the success of the project. In other words, the data available for use in the project is going to inform the realistic goals for the implementation. 3 Align on goals and KPIs.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Procurement Solutions 202

ToolsGroup

JULY 10, 2018

Demand forecasting describes the decades-old science of predicting demand. Techniques range from informal methods like educated guesses to quantitative methods that analyze historical sales data. Demand Planning. A multi-step operational supply chain planning process used to create reliable forecasts.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

SCMDOJO

APRIL 29, 2024

Demand Planning: Demand planning involves forecasting customer demand based on historical data, market trends, and other relevant factors. Accurate demand forecasting enables businesses to optimize production levels, reduce inventory costs, and meet customer expectations.

Supply Chain Planning Software 84

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 84

BlueYonder

APRIL 5, 2017

What your demand planning organization does is key to where it sits and how it needs to be structured. What follows is a high-level look at the processes that a robust demand planning function supports. Demand Planning Supported Processes. And producing the demand plan is a combination of science and art.

Supply and Demand 40

Supply and Demand Demand Planning Groups Supply Chain Planning Software 40

BlueYonder

APRIL 9, 2024

This includes demand planning, volume assessments at a granular level, knowing where best to source from to meet omni-channel demand, where to then position inventory based on known demand and where customers are located, and, of course, how best to then fulfill orders and to optimize the last mile.

Optimal Sourcing 100

Optimal Sourcing Sustainability Material Savings Waste Reduction 100

Stord

APRIL 24, 2024

Additionally, this technology will make demand planning & forecasting more accurate. Specific industries measure specific KPIs, and AI is an easy way to pull data in and get real, usable and actionable metrics back. The best approach is to partner with SaaS providers who are prioritizing embedded AI into their platforms.

Supply Chain Planning Software 88

Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software Predictive Analytics Software 88

SYSPRO Smarter ERP

APRIL 24, 2023

SCOR Processes To measure and monitor the performance of these processes, the SCOR model also has metrics which can be used for supply chain performance — Reliability, Responsiveness, Agility, Cost, Profit, and Asset Management, and has recently added metrics for Environmental and Social attributes.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

ToolsGroup

JUNE 8, 2021

A proof of concept (POC) is an increasingly common method to select the best supply chain software vendor for your company, yet many supply chain practitioners still lean on the traditional RFI (request for information) tool. 6 Focus on the wrong metric. RFIs also assume the organization is focusing on the right metrics.

Supply Chain Planning Software 245

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 245

Kinaxis

FEBRUARY 8, 2018

With IBP, you’ll see the projected financial performance of the company, not just a history of the past, and the variance between the budget and operating and financial plans through metrics. To do this effectively, you must seamlessly integrate financial and operational information. promotions, price incentives, etc.).

Modeling 185

Modeling Supply Chain Planning Software S&OP Supply and Demand 185

QAD

NOVEMBER 8, 2022

Implementing digital demand planning and forecasting solutions. End-to-end transparency relates to internal and external data sources to identify leading lagging metrics in such areas as data security, operations, organizational maturity and compliance. Implementing Digital Demand Planning and Forecasting Solutions.

Optimal Sourcing 95

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 95

ToolsGroup

JULY 10, 2018

Demand forecasting describes the decades-old science of predicting demand. Techniques range from informal methods like educated guesses to quantitative methods that analyze historical sales data. Demand Planning. A multi-step operational supply chain planning process used to create reliable forecasts.

Supply and Demand 120

Supply and Demand Demand Planning Software Forecasting Forecasting Software 120