ToolsGroup

JANUARY 15, 2024

Solutions in the Demand Planning category must produce reliable forecasts by extracting key insights from metrics like inventory trackers, converting raw data into actionable forecasts, supporting automation, and leveraging predictive analysis. Additional Resources: See ToolsGroup’s G2 reviews HERE.

ToolsGroup 177

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply and Demand 177

ToolsGroup

APRIL 26, 2023

It seamlessly integrates the solution’s stock-to-service curves into JustEnough’s retail forecasting. Read the blog → Receipt Metrics in Top-Down Planning With v2023.1, JustEnough has also empowered Assortment Planning users to view and plan receipt metrics at an aggregate level. Stock-to-Service Curves Version 2023.1

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

Supply Chain Shaman

JANUARY 2, 2023

A large consumer products manufacturer with nine Enterprise Resource Planning (ERP) instances and several divisions wanted to discuss forecasting. The team was not calibrated on the role of forecasting and the basics around process excellence. What Is a Forecast Anyway? A forecast is not a forecast. Bear with me.

Supply and Demand 377

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 377

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

Logistics Viewpoints

OCTOBER 4, 2021

A study by E2open – the 2021 Forecasting and Inventory Benchmark Study: Supply Chain Performance During the Covid-19 Pandemic – provides the answers. Benchmarking the forecasting process is difficult. E2open has come up with an innovative way of doing this. Forecasting Accuracy Was Terrible . 2020 was different.

Inventory Reduction 221

Inventory Reduction Supply Chain Performance Cost Reduction Strategies Supply and Demand 221

Supply Chain Shaman

MARCH 9, 2021

This post focuses on my failure to use design thinking to spark innovation with supply chain teams and my lessons learned. Today, six years later, I reflect on the gaps of the methodology as it applies to supply chain innovation. Remember the need for goal clarity, rules, and clear metrics in my opening paragraph?

Supply Chain Design Software 221

Supply Chain Design Software Supply Chain Design Supply Chain Software Innovation 221

Supply Chain Shaman

JUNE 24, 2022

One of my stark realizations this year is that smaller companies are beating larger and often more established companies on growth metrics, inventory turns, operating margin, and Return on Invested Capital (ROIC). (In The metrics selection resulted from work with Arizona State University in 2013.) Driving process innovation agendas.

Supply Chain Planning Software 379

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 379

ToolsGroup

JUNE 6, 2023

ToolsGroup provides the solution we need to make faster, more accurate decisions that deliver the best consumer experience, while achieving our business metrics and strengthening relationships network-wide. Learn more about how probabilistic forecasting outperforms traditional methods and yields significant business benefits here.

ToolsGroup 156

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

Supply Chain Shaman

JULY 25, 2021

Let’s start with honesty and a focus on process innovation. Implementation of Sales Forecasting. The focus on sales forecasting started shortly after Y2k. Few companies measured the impact on error and bias through the rigor of Forecast Value Added (FVA) analysis. Few measured projects against improved results.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Silvon Software

JANUARY 25, 2023

Working together to incorporate all this information into the sales forecast and demand plan can ensure that everyone is prepared for demand fluctuations. At a minimum, sales should start with a statistical base forecast and historical data provided by the demand manager and make incremental changes each month.

Supply and Demand 115

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 115

Stord

APRIL 24, 2024

From improved customer experience to greater inventory planning and forecasting, AI promises to make all of our lives easier and reduce those all-too-common supply chain headaches. Additionally, this technology will make demand planning & forecasting more accurate. This is the "true magic" of great forecasting!

Supply Chain Planning Software 88

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

American Global Logistics

SEPTEMBER 12, 2023

In today's rapidly evolving business landscape, innovation has become a key driver of competitive advantage. This article explores the importance of innovation in supply chain management and highlights key areas where innovation can revolutionize traditional practices. Recycling and reuse lend themselves to innovation.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52

Supply Chain Shaman

MARCH 27, 2023

For example, real-time planning, end-to-end planning, control tower, integrated business planning (IBP), and digital brain are oxymorons while discussions on innovation bounded by a required ROI is a juxtaposition. True innovation is never defined initially by a mandatory Return on Investment (ROI).) The goal of a forecast?

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 322

BlueYonder

JANUARY 24, 2022

This blog post on forecast evaluation discusses common pitfalls and challenges that arise when evaluating probabilistic forecasts. Our aim is to equip Blue Yonder’s customers and anyone else interested with the knowledge required to setup and interpret evaluation metrics for reliably judging forecast quality.

Forecasting 74

Forecasting Forecasting Software Predictive Analytics Software Groups 74

ToolsGroup

MAY 15, 2024

By leveraging real-time insights and probabilistic forecasting, businesses can create scenarios that assess proposed responses to changing customer demand to personalize their offering and delight customers. Driving Continuous Improvement Innovation and adaptation stand as crucial pillars for success in today’s swiftly evolving marketplace.

Supply Chain Planning Software 177

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Software 177

Supply Chain Shaman

JANUARY 2, 2024

We talk about the move from functional metrics to a balanced scorecard, but we don’t use a balanced scorecard as an objective function. We talk about complexity, but do not measure the impact on forecastability. Instead, the focus is on customer-focused innovation and leadership.

Gartner 288

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 288

Unleashed

MARCH 9, 2021

A robust procurement strategy should explain how an organisation seeks to optimise the businesses external spend, procurement costs and other value contributions such as product innovation, spend reduction and process efficiency. Creating new opportunities by investing in supplier partnerships and joint innovations.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Shaman

JUNE 28, 2020

This week, E2open published its annual report on forecast accuracy. Focus on New Product Introduction Versus Business Model Innovation. Traditional marketing programs chase product innovation. Hold yourself accountable for Forecast Value Added on each stream. Shift functional metrics to focus on reliability.

Cost Reduction Strategies 432

Cost Reduction Strategies Inventory Reduction Supply Chain Design Software Modeling 432

Supply Chain Shaman

JUNE 6, 2015

At the event, James Rice, MIT, spoke on innovation, and his reflections on Clayton Christensen’s 1997 classic business book, the Innovators Dilemma. This is disruptive innovation. The spark from Invention to Innovation is slow. Technology invention is happening, but the translation to innovation is slow.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

Supply Chain Shaman

JANUARY 31, 2022

As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. A Decline in Innovation. Ironically, technology innovation is the highest that I have ever seen. Beating the growth forecast and improving margins drove lucrative bonus programs. Mandatory ROI on IT Investment.

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

Supply Chain Shaman

FEBRUARY 7, 2022

As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. A Decline in Innovation. Ironically, technology innovation is the highest that I have ever seen. Beating the growth forecast and improving margins drove lucrative bonus programs. Mandatory ROI on IT Investment.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Silvon Software

APRIL 18, 2024

Sales Forecasting Machine learning models can analyze historical sales data, seasonal trends, and market conditions to predict future sales. For example, using forecasting models to predict quarterly sales and adjust marketing spend accordingly. This helps executives in planning inventory, staffing, and budget allocations.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

TransAudit

MAY 14, 2024

The Importance of Metrics in Supply Chain Resilience A crucial differentiator in managing supply chain disruptions effectively is the use of clear metrics to measure response effectiveness. The Deloitte Global Survey of over 1,000 supply chain executives found that those employing clear response metrics were 3.4

Supply Chain Disruption 77

Supply Chain Disruption Supply Chain Design Software Supply Chain Planning Software Cost Reduction Strategies 77

Logistics Viewpoints

MARCH 9, 2023

Concurrent Optimization for Lower Total Cost to Serve Traditional planning systems operate within the scope of classical silo definitions: demand forecasting, inventory optimization, replenishment planning, production planning, materials planning, transportation planning, order fulfillment, etc.,

Supply Chain Planning Software 200

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 200

ToolsGroup

AUGUST 3, 2022

These strategic executive hires support rapid company growth, better collaboration, goal clarity, and ongoing improvement in key business metrics while keeping ToolsGroup’s expanding team agile and highly coordinated: Jon Purdy is the new Chief Financial Officer. Joseph Luciano is the new Chief People Officer.

ToolsGroup 156

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Software 156

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. It helps address disruptions and promotes innovation. The platform primarily helps predict demand and improve customer experience.

Supply Chain Planning Software 52

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

Supply Chain Shaman

OCTOBER 8, 2019

The budget is not sufficient and is often a detrimental input for supply chain forecasting. Why Is the Financial Forecast Not a Good Proxy for a Supply Chain Forecast? There are many reasons why the budget cannot be used as a supply chain forecast. The supply chain forecast is a rolling forecast.

Supply Chain Design Software 187

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 187

Logistics Viewpoints

JULY 19, 2021

We don’t spend just to innovate,” Mr. Lassen said, “we need to create business value.”. Planners come up with data-proven forecasts on what the market may buy. But then executives may ask for higher sales or margins, or lower stock if key financial metrics are not being met. Tata Steel Europe has a complex supply chain.

Supply Chain Planning Software 264

Supply Chain Planning Software Scenario Planning Supply Chain Planning Negotiating Skills 264

Logility

JANUARY 4, 2022

a leader in supply chain innovation powering the sustainable and resilient enterprise, today announced a partnership with Planalytics, Inc. to identify, quantify and apply weather-driven demand calculations to business planning and forecasting. ATLANTA – Jan. 4, 2022 – Logility, Inc., About Planalytics.

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

Logility

AUGUST 18, 2023

For example, executives might underestimate the impact of accurate demand forecasting on reducing inventory costs, resulting in insufficient investment in necessary tools and technologies. Without these shared metrics, the vision for success might differ between the two, causing further misalignment.

Supply Chain Performance 188

Supply Chain Performance Supply Chain Planning Software Resource Reduction Supply Chain Design Software 188

Supply Chain Shaman

FEBRUARY 14, 2022

Tight coupling of the supply chain forecast to the financial forecast will improve value. Organizations can align to drive value despite the allegiance to functional metrics. Even when I proved that the process was degrading the forecast by 35-60%, companies still clung to a wrong number. Don’t believe me?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

SCMDOJO

JANUARY 23, 2023

List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013.

Prescriptive Analytics Software 121

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 121

Supply Chain Shaman

FEBRUARY 18, 2021

This means building a cognitive engine to sense, learn, and adapt using market data for innovators. Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. The issue is that traditional functional metrics drive underperformance—the greater the variability, the larger the gap.

Supply Chain Planning Software 292

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 292

Logistics Viewpoints

JUNE 1, 2021

This requires using advanced analytics to analyze historical demand patterns, link the demand peaks to the promotional offers, and adjust future forecasts based on planned promotions. Machine Learning (ML) and Artificial Intelligence (AI) are two of the most amazing tools the new millennia brought in innovation.

Inventory Management Software 185

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 185

Logistics Viewpoints

DECEMBER 14, 2021

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. Crowdsourcing of Drivers and Rider Forecasting. With crowdsourcing, the rider forecasting challenge arises. increase with their sales in the U.S.

Supply Chain Planning Software 193

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 193

Silvon Software

APRIL 11, 2024

Fostering Innovation and Competitive Advantage Finally, a strategic implementation of data analytics can be a key driver of innovation, enabling businesses to identify and capitalize on unique opportunities. Initially, this involves a careful process of identifying which metrics are most indicative of the organization’s success.

Predictive Analytics 92

Predictive Analytics Analytics Software Analytics Sourcing Strategies 92

Logistics Viewpoints

SEPTEMBER 13, 2022

Thus, organizations must make sure that data are complete, accurate, timely, and consistent as well as capture the required metrics. Otherwise, it provides only a historical view but does not enable firms to forecast future performance or adapt to an evolving regulatory framework. Next, the enterprise can set targets.

Cost Reduction Strategies 211

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 211