Supply Chain Shaman

FEBRUARY 18, 2021

The Failure of Existing Demand Planning Solutions. During the pandemic, supply chain leaders turned off their demand planning solutions. Baseline demand reflects market potential.) Resist the temptation to place deeper analytics on top of existing data models. What are functional metrics?

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

Kinaxis

DECEMBER 14, 2017

by Alexa Cheater Outplay your competition with a smarter, stronger demand planning strategy. Customer demands are changing. So why isn’t your demand planning strategy? It’s time to level up your demand planning and experience revolutionary breakthroughs in supply chain performance, planning and profitability.

Supply and Demand 188

Supply and Demand Forecasting Supply Chain Planning Software Demand Planning 188

Logility

FEBRUARY 14, 2018

With increasing frequency, I have noticed blog posts touting the position that ‘demand planning is dead.’ Their solution: by sensing and reacting to customer demand at the point of purchase there is no longer a need for projecting demand based on history. ” And so it is with demand planning.

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Supply and Demand Demand Planning Demand Planning Software Supply Chain Planning Software 119

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

SCMDOJO

APRIL 4, 2023

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

EazyStock

OCTOBER 31, 2022

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Why is demand planning important? Is demand planning the same as demand forecasting?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

EazyStock

OCTOBER 31, 2022

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Why is demand planning important? Is demand planning the same as demand forecasting?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

ThroughPut

DECEMBER 5, 2023

Now that we’ve defined demand forecasting and described how accurate demand forecasts benefit your supply chains, let’s talk about the 5 techniques that will bring your demand forecasting to the next level. AI and ML software help you build a data-driven supply chain. How is that helpful?

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Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

ThroughPut

AUGUST 24, 2021

Earlier in the day, demand planning was a guessing game that relied more on intuition, instinct, and inclination. Companies that leveraged the data they collected to enable more accurate demand planning, distinguished themselves from their competitors. Why do you need new-age demand sensing to solve modern problems?

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

ThroughPut

JULY 6, 2021

Thriving In ‘The New Normal’ With 5 Demand Planning & Forecasting Methods. Do you remember the time when the COVID-19 pandemic lockdowns were announced across the world, followed by the panic purchase of essentials to the point where supermarkets and grocery stores were left with empty shelves?

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

ThroughPut

APRIL 20, 2023

How can demand planning match the pace of market dynamics? The Top 5 Use Cases of AI-powered Demand Planning and Forecasting Solutions 1. This ensures customer demands are met without creating scenarios of overstocking or stockouts. How can AI-powered tools and solutions enable success in this new reality?

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Procurement Solutions 52

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?

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Procurement Analytics Metrics Inventory Reduction Inventory 52

Logistics Viewpoints

DECEMBER 15, 2022

There is so much data, and to make use of it, we need to use data mining and analytics to drive meaningful insights that can be put to some good use. ABC analysis creates product segments by grouping products with similar sales volume or purchase frequency to enable category managers to focus on what matters most.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

Logistics Viewpoints

OCTOBER 12, 2023

Lower-income consumers and those using food assistance programs care the most about food waste as a purchase driver—again, suggesting it is a response to higher prices.” The same “If” statement was repeated for a host of financial and operational metrics.

Supply Chain Design Software 228

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 228

Logility

AUGUST 31, 2023

Through Logility, Kelly-Moore has moved beyond relying solely on shipment history to purchase raw materials by forging a deeper connection between its master production schedule and procurement decision-making. Kelly-Moore achieved 20% less overstock and avoided $1 million in purchase orders after reallocating sundries.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

ToolsGroup

MARCH 3, 2022

Science Direct ) Predictive demand analytics gives retailers the visibility they need to proactively adjust planning, allocation and replenishment decisions based on when, where, and how much changes in the weather will influence purchasing. How to Use Weather Analytics in Retail Forecasting.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Supply Chain Shaman

JULY 30, 2022

Here I want to address the question, “Why is the focus on the basics of supply chain a barrier to adopting new forms of analytics and supply chain processes? ” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.).

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Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

QAD

APRIL 11, 2024

Artificial intelligence (AI) is one of the big “buzzwords” of 2024, which is a shame because the technology’s analytical capabilities have a lot to offer supply chain planners – if you can cut through the hype. Predictive analytics, demand planning and business forecasting have always been core functions for supply chain planners.

Predictive Analytics 72

Predictive Analytics Predictive Analytics Software Supply Chain Disruption Supply and Demand 72

Logility

MARCH 6, 2020

Machine Learning for demand forecasting has matured to a level of accuracy, transparency and replicability that translates into transformative results, including in these five areas: Accuracy, transparency, thoroughness of analytical options and results. Analytical processing speed and accelerated corporate learning.

Forecasting 260

Forecasting Supply and Demand Forecasting Software Modeling 260

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

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Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Supply Chain Shaman

MAY 26, 2023

Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. Current Familiarity with Analytic Concepts (Fall 2022 Snapshot) Preamble Supply chain leaders love their rows and columns. I term this our data jail. The focus of the Gartner Magic Quadrant.)

Optimal Sourcing 337

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 337

Alloy

FEBRUARY 23, 2022

Demand planning is a process just about every consumer goods company performs to keep their supply chain operation running smoothly. After all, revenue will be lost either because of empty shelves or due to overproduction and excess inventory if demand plans are wildly inaccurate. Real-time POS data.

Supply and Demand 52

Supply and Demand Consumer Goods Demand Planning Supply Chain Planning Software 52

Logistics Viewpoints

JUNE 1, 2023

This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases. They are more likely to shop for discounts and sales and may delay purchases of some items. Digital Transformation and Autonomous Planning in Supply Chain In 2023, fast decision-making is crucial.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

AIMMS

OCTOBER 17, 2023

For that, long-term supply chain planning and budgeting needs data to back every decision. According to a Proxima report “Investing in a Sustainable Supply Chain,” there has been a significant change in the priorities of investors. See how a manufacturing giant revamped their demand planning with AIMMS.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Modeling Waste Reduction 156

Logility

AUGUST 14, 2023

Transactional and customer-facing data, such as transportation data and manufacturing and purchase orders, are important for generating demand signals and calculating demand variability. Setting goals without understanding what data is available and required risks sending the project and its metrics off course.

Supply Chain Planning Software 202

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

Logility

DECEMBER 15, 2023

This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demand planning. Staying competitive in this intense landscape demands finely tuned operations that are highly efficient and effective – from product concept to customer consumption.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

ToolsGroup

JULY 10, 2018

The days of simply using statistical methods to forecast future demand using past sales history are fading. Computing power and storage capacity have grown exponentially, while the cost of both have plummeted. More and better data has turned demand analytics into mainstream reality. Demand Planning.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

Supply Chain Shaman

DECEMBER 7, 2023

Of the twenty companies interviewed, only one can answer the question, “Do you have a good inventory plan?” ” We have implemented conventional demand planning technologies and processes, yet, in eight out of ten companies that I work with, I see a negative Forecast Value Added (FVA) measurement.

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 303

o9 Solutions

DECEMBER 3, 2021

Demand forecasting is driven by consumer activity and over the past two years, COVID sales patterns have dramatically impacted consumer activity. Therefore, sales history alone no longer provides what’s needed for accurate demand planning in an environment that currently is dealing with volatile demand and supply shocks.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Modeling 52

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Planning platforms can pull data from multiple internal and external data sources.

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Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 261

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. This level of variability is not forecastable at an item level, but yet their companies were trying to forecast using item-level forecasting based on shipment/order data inputs using a ship-from model. Model Adaptability.

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

Logility

FEBRUARY 26, 2020

Accurate forecasts help minimize inventory, maximize production efficiency, streamline purchasing, optimize distribution, maximize customer service, ensure confidence in company financial projections. Data is everywhere and the availability of data that can be used to enhance demand forecasts continues to grow exponentially.

Forecasting 162

Forecasting Forecasting Software Optimal Sourcing Supply and Demand 162

EC Sourcing Group

NOVEMBER 17, 2020

When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. Procure-to-pay operations. Includes purchase orders.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

ToolsGroup

JULY 10, 2018

The days of simply using statistical methods to forecast future demand using past sales history are fading. Computing power and storage capacity have grown exponentially, while the cost of both have plummeted. More and better data has turned demand analytics into mainstream reality. Demand Planning.

Supply and Demand 120

Supply and Demand Demand Planning Software Forecasting Forecasting Software 120

Supply Chain Matters

JANUARY 23, 2024

The modules announced as general availability were Supply Planning , software that supports accurately forecasting and planning purchases of raw materials, components and finished goods as well as improve in-stock rates across the extended supply network.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 59

Logistics Viewpoints

SEPTEMBER 20, 2022

We need planning platforms to keep up with all the changes. This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations.

Supply Chain Planning Software 194

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 194