ToolsGroup

FEBRUARY 2, 2022

The problem I’m describing is the urgent need to build a robust, global, end-to-end supply chain infrastructure. Instead of COVID’s effects on the global supply chain tailing off, they were amplified significantly by multiple millions of ‘ Bullwhip Effects ’ colliding to create total chaos. What happened to the supply chain in 2021?

Supply Chain Planning Software 177

Supply Chain Planning Software Forecasting Software Forecasting Optimization Software 177

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?

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Forecasting Forecasting Software Modeling Demand Planning Software 52

ToolsGroup

MARCH 16, 2023

We knew we could maintain and raise this level of service, limit waste, and improve profitability by adopting a solution that applies this innovative drive to our planning processes, streamlines collaboration, and increases forecast accuracy.” What makes ToolsGroup’s forecasting approach the most accurate?

Supply and Demand 156

Supply and Demand Forecasting Software Forecasting Supply Chain Planning Software 156

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. Let’s take a closer look at each one. Accuracy and transparency.

Forecasting 260

Forecasting Supply and Demand Forecasting Software Modeling 260

ToolsGroup

OCTOBER 14, 2020

Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. The tool is designed to help businesses grow by moving beyond spreadsheet-based forecasting and trial-and-error inventory management. Microsoft Azure customers worldwide now gain access to ToolsGroup ?Supply

Forecasting Software 156

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

Unleashed

MAY 1, 2023

Demand forecasting has gained increasing importance over the last few years. We met with five supply chain experts to discuss how crucial demand forecasting is for mitigating risk, and what businesses can do to improve forecast accuracy. Our experts explain that best-practice demand planning begins with a top-down forecast.

Forecasting 96

Forecasting Supply and Demand Modeling Forecasting Software 96

ModusLink Corporation

SEPTEMBER 25, 2017

Whether facing a major product launch or compiling standard monthly forecasts, the accuracy of demand forecasts is crucial. The post Untangling the Complexities of Demand Forecasting appeared first on ModusLink Global Solutions.

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Forecasting Supply and Demand Global Demand Planning 180

ThroughPut

MARCH 24, 2024

Demand planning and forecasting in the traditional sense relied heavily on a combination of limited and biased data and gut instinct. Not limiting this ability to just rectifying errors, analytics can also be leveraged into demand forecasting and profit generation. Why do you Need Modern Demand Sensing to Solve Modern Problems?

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Supply and Demand Optimal Sourcing Forecasting Modeling 52

Supply Chain Matters

JANUARY 11, 2023

Supply Chain Matters provides highlights of the World Bank ’s latest global economic forecast which points to a sharp, long lasting downturn in the global economy. A reinforcement of that message was provided this week with the World Bank significant lowering its forecast for the global economy in 2023.

Forecasting 52

Forecasting Global Indonesia Supply Chain Planning 52

ToolsGroup

JUNE 22, 2021

ToolsGroup’s supply chain planning software allows Italy’s largest grocery retailer to improve forecast accuracy, model promotional events, and improve visibility and collaboration with cooperatives. That’s why global leaders like Absolut, BP and Harley-Davidson continue to rely on us year after year.

Forecasting 120

Forecasting Forecasting Software Supply Chain Planning Software ToolsGroup 120

New Horizon Supply Chain Blog

AUGUST 30, 2023

Introduction I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. The link between forecast accuracy and corporate goals is less clear. But that doesn’t make forecasting any less important.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

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?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Logility

OCTOBER 29, 2021

Process manufacturers in particular, with their reliance on a consistent ingredient mix, have unique challenges that require accurate forecasting to keep up with manufacturing demand. Granular forecasting at the SKU level. The global pandemic and the necessity to work from home have only increased these risks.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

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

Logistics Viewpoints

APRIL 4, 2024

Data Normalization & Removing Bias Data normalization in the context of forecasting is the process of going from actualized sales, which may be biased by various factors such as weather or inventory availability, to an understanding of baseline demand that is stripped of the impacts of these demand drivers.

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Supply and Demand Modeling Demand Planning Scenario Planning 229

Supply Chain Shaman

OCTOBER 16, 2023

Improved Forecast Value Added (FVA). Instead, focus on Forecast Value Added analysis. This behavior is especially acute when global companies delegate S&OP to the regions without clarity on the management of political bias. In mature companies, the focus shifts from error to Forecast Value Added (FVA) measurement.

S&OP 309

S&OP Supply and Demand Forecasting Supply Chain Design Software 309

Supply Chain Shaman

MARCH 21, 2024

In my first classes, I taught the group how to speak the language of demand—forecastability, Forecast Value Added (FVA), backcasting, demand and market latency, and market drivers. 40-50% of items are not forecastable at an item/location level. Instead, we need to Jump. The So What? They take different forms.

Inventory Reduction 376

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 376

ThroughPut

JUNE 12, 2023

As a result, the forecasting errors in logistics have only multiplied ever since the pandemic and with conventional forecasting models failing to insulate you against underutilization, revenue loss and missed business opportunities, you need to don the Batman’s cape to save the day!

Forecasting 52

Forecasting Modeling Forecasting Software Optimal Sourcing 52

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Reliance on too few primary suppliers for critical components and materials has compounded the problem even further with unexpected ripple effects on downstream manufacturing as evidenced by the still ongoing global computer chip shortages. A Better Way to Forecast. Manufacturers can use forecasting to support inventory optimization.

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

Herlitz Inventory Management

JANUARY 18, 2023

What is Demand Forecasting? Demand forecasting is a vital activity for wholesale and retail purchasing teams. Demand forecasting is a process that helps retailers and wholesalers predict future consumer demand. There are various forecasting methods available, many of which have been used since the early days of modern retail.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Procurement Solutions 52

Vanguard Software

OCTOBER 9, 2020

In today’s globalized and digital world, modern demand forecasting tools have never been more essential for a CPG manufacture to succeed.

Forecasting 98

Forecasting Forecasting Software Demand Planning Software Supply and Demand 98

Logility

AUGUST 23, 2016

I have heard a number of supply chain professionals proclaim that their companies should stop forecasting product demand due to poor forecast accuracy. However, what is often overlooked is that moving to a pull strategy does not eliminate the need for a forecast. It’s the old Push – Pull argument. Financial Impact.

Forecasting 100

Forecasting Forecasting Software Supply and Demand Inventory Reduction 100

New Horizon Supply Chain Blog

JULY 15, 2022

I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. The link between forecast accuracy and corporate goals is less clear. But that doesn’t make forecasting any less important. Introduction.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

ToolsGroup

JANUARY 24, 2017

When it comes to demand forecasting , machine learning can be especially helpful in complex scenarios, allowing planners to do a much better job of forecasting difficult situations. But capturing this behavior is critical to producing an accurate forecast. It's tough to forecast demand for a product without a sales history.

Forecasting 120

Forecasting Forecasting Software Modeling Demand Planning Software 120

ToolsGroup

SEPTEMBER 6, 2023

The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Global Supply Chain Inventory Optimization (IO) vendors. Quadrant Knowledge Solutions’ SPARK Matrix™ includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning.

ToolsGroup 156

ToolsGroup Optimization Software Supply Chain Design Software Supply Chain Planning Software 156

ThroughPut

JUNE 12, 2023

Forecasting has forever been at the heart of efficient supply chain operations – driving the much needed predictability to source raw materials, manufacture products and fulfill customer needs at the right time, right place and in the right quantity. Clearly, supply chain forecasting has become more complex.

Forecasting 52

Forecasting Sourcing Strategies Agile and Lean Supply Chain Cost Reduction Strategies 52

ThroughPut

MARCH 29, 2023

Accurate demand forecasting is the kernel of stable food supply for every supermarket retailer. Infact, a study shows that out-of-stocks account for $634 billion for lost sales globally, while overstocks create $472 billion in lost revenues due to markdowns. Why Traditional Demand Forecasting Can Play Spoilsport?

Forecasting 52

Forecasting Supply and Demand Forecasting Software Demand Planning Software 52

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.

Forecasting 120

Forecasting Forecasting Software Demand Planning Software Modeling 120

Logistics Bureau

NOVEMBER 1, 2021

And are you struggling with cost and forecasting challenges? At Logistics Bureau, we have supply chain consultants available to help you improve volume forecasting and attain the most favourable container freight rates possible, even during this period of pandemic-induced turmoil. The outcome was a severe global container shortage.

Forecasting 77

Forecasting Negotiating Skills Cost Reduction Strategies Freight 77

EazyStock

MARCH 22, 2022

It’s been over two years since the far-reaching effects of the Coronavirus pandemic on global supply chains started to take the world by surprise. Without consistent and reliable demand data, it’s difficult to generate a baseline forecast. Consequences of poor demand forecasting. How to overcome demand forecasting challenges.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

DynaSys

APRIL 28, 2021

We should not consider year 2020, and probably H1 2021, as a relevant set of data for forecasting calculation. My next S&OP run is coming, and I must find a solution to deal with sales forecasting after Covid. Based on the real demand, I can operate my supply planning without using precisely wrong forecasts. It’s a given!

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing S&OP 52

Supply Chain Matters

MARCH 22, 2022

In this Supply Chain Matters commentary, we highlight the latest OECD global economic forecast in the ongoing light of the Ukraine conflict and provide some additional industry supply chain implications. . It this agency’s prior December 2021 forecast, OECD had forecasted that global GDP growth would moderate to 4.5

Forecasting 52

Forecasting Ukraine Price Reduction Inventory Reduction 52

ThroughPut

OCTOBER 7, 2022

Step Up Demand Planning Efforts with a Robust Forecasting Model . Demand forecasting can be a game changer in today’s volatile environment. Infact, according to McKinsey , applying AI-driven demand forecasting to supply chain management can cut down errors by 20-50% and this helps reduce lost sales by 65%.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

Supply Chain Shaman

OCTOBER 11, 2023

Building the Effective Global Supply Chain. We speak about the need to move from a functional understanding to a global, holistic capabilities, but the traditional supply chain leader defines bonus incentives and process performance goals based on functional metrics. I often laugh when companies ask me to define a good forecast.

Supply Chain Planning Software 367

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 367

ThroughPut

DECEMBER 4, 2022

When demand can be anticipated with accuracy, it can be delivered efficiently with demand forecasting techniques. Using an AI-driven retail replenishment software and planning solution that tracks inventory can help planners easily forecast and balance store demand to provide accurate SKU level replenishment.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

Supply Chain Shaman

SEPTEMBER 10, 2023

This was before the split of Kraft into Mondelēz and Heinz, at the beginning of the implementation of Kraft’s global supply chain strategy. (He His position was that the research that I was writing was not being aggressive enough in the definition of global supply chain planning requirements. He is now retired, and I should be.)

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Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251