Supply Chain Shaman
SEPTEMBER 13, 2023
Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” The issues are largely rooted in politics and the lack of clarity on supply chain excellence. Or planned orders to purchase orders?) The reason?
Logistics Viewpoints
DECEMBER 14, 2021
Millions of shoppers, like my Dad, are not going back to their old habits because there are now faster and more convenient ways for buying daily household needs. It excels on a union of E-Commerce mobile apps and last-mile delivery innovations. I have to forecast my avocado sales, including seasonal patterns and promotional effects.
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Logistics Viewpoints
SEPTEMBER 20, 2022
They can adjust quantities and generate supplier replenishment orders in PDF or Excel as needed. In this version, there’s no automation around managing promotions, so demand planners need to get involved in adjusting the forecasts for promotions. and Europe. Step 4 – Closing the Loop and Getting Real-time Visibility.
Logistics Viewpoints
OCTOBER 31, 2022
ZF transforms those purchased products into over 2,000 products. ZF sends the call-off, along with the forecast, not just to their suppliers, but to their carriers and 3PLs. Even before COVID, Mr. Sobeck explained, forecast accuracy had been declining as product sales became more volatile. How many parts do we need?
Supply Chain Shaman
AUGUST 26, 2015
As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. Markets drive supply chains.
Supply Chain Shaman
OCTOBER 8, 2017
On one extreme, there is an argument that forecasts are always wrong, “Why do them at all?” ” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” I do believe in demand planning, but most companies overstate forecast improvements.
Logility
MARCH 30, 2020
A major fire in China has a different impact than a major earthquake and tsunami in Japan, a volcanic eruption in northern Europe or a category 5 hurricane in the southern United States. With a demand-side disruption like a recession or a pandemic, customers will drastically change their purchases and adjust their inventory positions.
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