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. is forecasted to be 0.5

Forecasting 52

Forecasting Global Indonesia Supply Chain Planning 52

Logistics Viewpoints

MAY 13, 2024

In the same way that Amazon’s data can be mined to show trends in e-commerce superior to even the data the government has, when Coupa gets to visibility of tens of trillions in procurement spending the Coupa dataset becomes the “pulse of spend.” Coupa also has a supply chain collaboration solution that runs on the platform.

Procurement Solutions 189

Procurement Solutions Forecasting Software Modeling Software Procurement Analytics 189

Supply Chain Opz

AUGUST 2, 2017

And no function is more at the forefront of that endeavor than demand forecasting. In order to do that, forward planning is key, and accurate forecasts are a critical input. Given that demand can change every day, forecasting becomes the ultimate adventure. Agility and responsiveness, aligned with cost effectiveness, is the aim.

Forecasting 100

Forecasting Supply and Demand Forecasting Software Supply Chain Planning Software 100

Operations and Supply Chain Management

AUGUST 17, 2020

says the usual measures it uses to forecast sales are out the window, the WSJ’s Sarah Nassauer writes, leaving the home improvement giant whipsawed by rapid changes in consumer buying patterns that are often running strongly against the company’s assumptions. Home Depot Inc.

Forecasting 52

Forecasting Modeling Forecasting Software Demand Planning Software 52

Supply Chain Shaman

SEPTEMBER 10, 2023

Comparison Overtime with Supply Chain Planning Implementations % of Inventory as Safety Stock Forecastablity Leadtime My Experience with Rolling Out Supply Chain Planning in the 1990s 50-55% 85-90% of items were forecastable with a COV less than.3 Instead, the focus was on error assuming that items at a location level (SKU) were forecastable.

Supply Chain Planning Software 256

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 256

Supply Chain Shaman

DECEMBER 28, 2020

The SAS forecasting system implemented in 2019 was not tested for model accuracy. An example for this client would be to use 2017 and 2018 history to forecast 2019. So, I asked the questions, “Is your data forecastable? Data at this level of variability is complicated to forecast.) The reason? The answer?

Supply Chain Planning Software 415

Supply Chain Planning Software Forecasting Forecasting Software Modeling 415

EazyStock

JULY 7, 2020

Here, we’ll review the demand forecasting challenges brought about by COVID-19 and how SCM teams can use inventory optimization to find solutions. COVID-19 and Demand Forecasting Challenges. Without a crystal ball to predict the future, demand forecasting will remain very difficult.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

Supply Chain Shaman

FEBRUARY 5, 2020

Most people, enamored with technology, find it difficult to drive governance (who should make decisions and how should decisions be made). Modeling is effective with an improvement in Forecast Value Added (FVA) (the average company that I work with has FVA degradation of 18%). Governance. There is strength in “what-if analysis.”

S&OP 323

S&OP Supply and Demand Forecasting Supply Chain Planning Software 323

ToolsGroup

JUNE 6, 2023

With Demand Planning & Forecasting , Inventory Optimization , and Replenishment , the company is now equipped with an automated, AI-driven supply chain. Aided by ToolsGroup’s built-in probabilistic forecasting, D.I.MAR can anticipate market changes and adapt quickly to satisfy customer demand regardless of uncertainty.

ToolsGroup 156

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

Arkieva

DECEMBER 12, 2016

How does currency demonetization affect statistical forecasting? The Government of India recently enacted the policy to demonetize Rupees 500 and 1,000 banknotes. ( ₹500 and ₹1,000 ). However, I have now gotten a few queries from my clients/prospects about the best way to deal with this in their statistical forecasting process.

Forecasting 60

Forecasting Currency Forecasting Software Supply Chain Planning Software 60

AIMMS

OCTOBER 17, 2023

Overlooking sustainability can present substantial revenue risks, while embracing ESG (Environmental, Social, and Governance) principles can unlock a $2.1 Regulatory Compliance: Governments worldwide are implementing stricter environmental regulations, making compliance not just an ethical obligation but a legal one.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Modeling Waste Reduction 156

Prophetic Technology

JANUARY 16, 2020

A business could face different internal and external risks: a) High competition; b) Change in government laws; c) Failure of technology. d) Labour unrest; e) Inflation or recession.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Supply and Demand 52

AIMMS

FEBRUARY 3, 2020

Governments are also relying on AIMMS-based tools to assess the costs and benefits of renewable energy subsidies. Demand Forecasting, an ongoing challenge . This means demand forecasting will be an ongoing challenge this year. . This means demand forecasting will be an ongoing challenge this year. .

Prescriptive Analytics Software 334

Prescriptive Analytics Software Modeling Supply Chain Planning Software Scenario Planning 334

ToolsGroup

APRIL 13, 2020

Rafael: The main two challenges we’ve had are volume, in our case reduction, and the forecast uncertainty. You have to consider one other thing; we work in four different countries and they have different governments making different decisions. We don’t know what’s going to happen. Do the structure, do the processes.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Optimization 296

Logility

MARCH 16, 2023

Detect market shifts with demand sensing The goal of demand sensing has always been to do better than traditional forecasting at short-term planning. This is where we must venture outside our own databases and see what clues we can gather from various corporate and government sources.

Network Design Software 130

Network Design Software Network Design Supply Chain Design Network Optimization 130

Logistics Viewpoints

AUGUST 16, 2021

Third-party data – One example of the advantage of this category concerns third-party forecast data. Industry and government data can be used to increase forecast accuracy. If this data lives on a network, accessing the data can be much easier and less expensive.

Gartner 253

Gartner Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 253

The Logistics of Logistics

FEBRUARY 4, 2022

Pickett Research (PR) was established in 2020 to fill a void in the US Truckload Freight Marketplace for analysis, forecasting, and market guidance that is both objective and credible. And in a market governed by human beings making financial decisions, we always overshoot. When demand exceeds supply, rates move higher.

Price Reduction 184

Price Reduction Cost Reduction Strategies North America Forecasting 184

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. The forecast generated by these algorithms degrades as the demand patterns evolve over time.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Arkieva

APRIL 8, 2020

Lessons From the Operating Curve for the Dual Government COVID19 Objectives: Reopen the Economy and Eliminate COVID19 was first posted on April 8, 2020 at 8:38 am. The purpose of this is to pull from experiences in the trenches in shifting OPCURVE to provide some guidance on actions to take to help the nation achieve both critical goals.

Government 129

Government Supply Chain Supply and Demand Forecasting 129

DynaSys

JUNE 9, 2020

The volatility results in less accurate forecasts and they require corrections and additional manual work by users to obtain forecasts that adjust to the new reality. It means that the demand’s volatility is highly exposed to the decisions and/or policies announced by governments.

Supply and Demand 92

Supply and Demand Demand Planning Scenario Planning Supply Chain Planning 92

Supply Chain Shaman

FEBRUARY 14, 2022

Tight coupling of the supply chain forecast to the financial forecast will improve value. I am shocked to see how the lack of governance–clarity on who and how to make decisions–derails well-intended processes. Without clear governance, customer data never sees the light of day. Don’t believe me?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

ToolsGroup

MARCH 26, 2024

Corporate stewardship and environmental, social and governance (ESG) responsibility are embedded in our culture. Cornerstone Building Brands’ broad, multi-channel distribution platform and expansive national footprint includes approximately 18,000 employees at manufacturing, distribution and office locations throughout North America.

ToolsGroup 156

ToolsGroup Network Design Software Supply Chain Design Software Supply Chain Planning Software 156

Supply Chain Shaman

APRIL 9, 2021

This included one-number forecasting, Integrated Business Planning (with tight integration to the budget), labor arbitrage strategies (chasing low-cost labor with extended supply chains), and tax-efficient supply chain strategies. Lack of clarity in governance for decision-making. Mistake #4.

Supply Chain Planning Software 363

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 363

Supply Chain Shaman

AUGUST 12, 2022

Analyze the Coefficient of Variation (COV) at different points in the demand hierarchy to understand forecastability, and analyze the bias, FVA and latency of the current plan. He was also unaware of how to measure Forecast Value-Added, the Bullwhip impact and the health of inventory. Hire a consultant to help.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Modeling Modeling Software 195

Logility

MAY 5, 2023

When building a house, everyone – from the architect and the contractor to the government inspector and homeowner – demands the right foundation is in place,” he explains. For example, Tillamook County Creamery Association increased its forecast accuracy from 70%–80% to 85% and saved US$4.2

Inventory Reduction 130

Inventory Reduction Vendor Strategies Resource Reduction Price Reduction 130

ivalua

NOVEMBER 8, 2022

US Government Passes the CHIPS Act to Increase Semiconductor Manufacturing and Research. It authorizes over $52 billion worth of government incentives to increase the U.S. On August 9th, 2022 the US CHIPS and Science Act, now more commonly known as the CHIPS Act, was passed into law. CHIPS Act Resources: [link].

Manufacturing Procurement 223

Manufacturing Procurement Manufacturing South Korea Supply Chain Planning Software 223

AIMMS

FEBRUARY 3, 2020

Governments are also relying on AIMMS-based tools to assess the costs and benefits of renewable energy subsidies. Demand Forecasting, an ongoing challenge . This means demand forecasting will be an ongoing challenge this year. . This means demand forecasting will be an ongoing challenge this year. .

Modeling 156

Modeling Prescriptive Analytics Software Supply Chain Planning Software Supply Chain Software 156

Logistics Viewpoints

APRIL 22, 2024

Causal AI offers the tantalizing promise of being able to unravel the intricate web of cause-and-effect relationships that govern business operations. The integration of Causal AI also enables transportation monitoring and optimization, automated replenishment, and can improve the alignment of the demand forecast with production plans.

Georgia 225

Georgia Optimal Sourcing Modeling Modeling Software 225

Logistics Viewpoints

JANUARY 17, 2023

To counter strong inflationary pressures of the past few years, banks and governments increased interest rates, making borrowing much more expensive. Total cost breakdown details to understand what comprises those costs and their forecasted fluctuations. Upcoming Recession? in advanced economies — causing a potential slump in demand.

Prescriptive Analytics Software 194

Prescriptive Analytics Software Predictive Analytics Software Supply Chain Software Forecasting Software 194

ThroughPut

APRIL 30, 2024

The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency. AI-powered Demand Planning and Forecasting: This is one of the core areas in supply chain management where AI has shown significant impact.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Logistics Viewpoints

APRIL 4, 2022

Changes to the plan are based on changes to the forecast, manufacturing capacity, supplier constraints, and a host of other factors. Most companies use shipment history as the key data for forecasts. The company is moving to include more industry and government data on macroeconomic trends to improve their long term forecasting.

Supply Chain Transformation 194

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 194

John Galt

FEBRUARY 22, 2022

In a time of such dramatic change, traditional forecasting techniques are proving too slow to offer reliable predictions for any business or government. However, there are steps you can take today to go beyond standard forecasting techniques and respond to the massive changes brought about by the coronavirus.</p><p>Here

Forecasting 60

Forecasting How To Supply Chain Government 60

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

By 2024, 40% of APeJ-based supply chain forecasts will be automated through the use of artificial intelligence, improving accuracy by 5 percentage points. Data is becoming more immediately available across the entire ecosystem from forecast data through to actual demand data, coupled with production and supplier data.

Predictive Analytics Software 246

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 246

Supply Chain Shaman

JUNE 29, 2022

The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. We can no longer assume that government policy is rational, variability is low or logistics are available. These core assumptions are no longer true. This reset is not an evolution.

Supply Chain Design Software 256

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 256

Logistics Viewpoints

JULY 22, 2021

While the terminology evolved, the underlying thesis of S&OP has stayed the same, i.e., bridge the divide between sales forecasts and operational plans while respecting the budget. For example, forecasts are generated using the past three years of history, implicitly assuming history repeats.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

ToolsGroup

FEBRUARY 8, 2021

better customer service), and forecasting/predictability.” Currently, both supply chain managers and government customs offices need data scientists who can help untangle the notoriously complex web that is the global supply chain.

Negotiating Skills 199

Negotiating Skills Buyer Training Supply Chain Software Supply Chain Planning Software 199

Logistics Viewpoints

JANUARY 22, 2024

It is commonly believed that Europe leads the US in environmental, social, and governance legislation and enforcement. These more advanced solutions leverage network inventory visibility and demand forecasting models and constraint logic to drive genuine optimization. Retailers don’t want to over-promise and under-deliver.

Supply Chain Optimization 233

Supply Chain Optimization Modeling Supply Chain Software Optimization Software 233