Logility

FEBRUARY 26, 2020

Over my 25+ year supply chain career I have worked for several distribution-intensive companies and every single one of them had a focus on improving forecast accuracy. Achieving a high SKU level forecast accuracy is a top goal for supply chain planning teams regardless of industry, size, location, etc.

Forecasting 162

Forecasting Forecasting Software Optimal Sourcing Supply and Demand 162

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

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. Excess inventories lead to excess wastage. Delayed delivery of performance metrics and consumer behavior sets off a chain reaction of excess, wastage, and loss of profits.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

ToolsGroup

JANUARY 30, 2024

Optimize inventory productivity across all channels with JustEnough v2023.4 we have advanced our wholesale planning capabilities so that users can explicitly address key planning functions needed to fully optimize inventory productivity. Wholesale channels are no longer a backup channel for retailers. In our latest release, JE 2023.4,

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 156

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. So, I asked the questions, “Is your data forecastable?

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

ShipBob

FEBRUARY 26, 2024

This is where collaborative planning, forecasting, and replenishment (CPFR) comes in. What is collaborative planning, forecasting, and replenishment (CPFR)? Collaborative planning, forecasting, and replenishment (CPFR) is the method of coordinating various supply chain tasks between multiple parties (i.e., Let’s get started.

Forecasting 52

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 52

New Horizon Supply Chain Blog

SEPTEMBER 18, 2023

Introduction I started to write a “Demand Forecasting 101” article but decided that was going to turn into another Ph.D. This is a list of things that I learned about demand forecasting early in my career – things that would have been nice to know from day one. But this list is agnostic of the particular forecasting technology used.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.

Modeling 215

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 215

Supply Chain Shaman

SEPTEMBER 22, 2022

I forecast this disruption period as the new normal is not over. At the beginning of the pandemic, the forecasted period of disruption of seven-to-eight months. Examples include projects like control towers, lights-out planning, real-time planning, DDMRP, forecast sharing, and sales forecasting. Forecast Sharing.

Supply Chain Planning Software 431

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 431

Unleashed

APRIL 18, 2023

Great inventory management comes down to good systems, good processes, and constant improvement. 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?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Let me share some and see what you think: Does forecast ownership make a difference in outcomes?

Supply Chain Planning Software 370

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 370

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. The metrics that underpin MRP could be described as the balls in this juggling act. This article takes an in-depth look at the crucial metrics every supply chain professional needs to know.

Procurement Analytics 84

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 84

New Horizon Supply Chain Blog

MARCH 20, 2023

Introduction I started to write a “Demand Forecasting 101” article but decided that was going to turn into another Ph.D. This is a list of things that I learned about demand forecasting early in my career – things that would have been nice to know from day one. But this list is agnostic of the particular forecasting technology used.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Logistics Viewpoints

JUNE 1, 2021

Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep.

Inventory Management Software 186

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 186

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. And I agree that some companies can operate leaner if they move to a pull distribution strategy based on actual customer demand. It’s the old Push – Pull argument.

Forecasting 100

Forecasting Forecasting Software Supply and Demand Inventory Reduction 100

Logistics Viewpoints

FEBRUARY 3, 2022

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?

Inventory Reduction 293

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 293

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Inventory Turns and Sales-to-Inventory Ratio. Past Due Orders.

Manufacturing Procurement 111

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 111

Logistics Viewpoints

JUNE 29, 2023

PO Collaboration focuses on maintaining accurate demand forecasts, timely communication with suppliers, and efficient replenishment processes to ensure optimal stock levels and minimize stockouts. Configure to Order: This strategy involves customizing standard products based on customer specifications.

Manufacturing Procurement 188

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 188

ToolsGroup

MAY 15, 2024

By proactively assessing potential risks and developing contingency plans, organizations can minimize the impact of disruptions and protect their bottom line, similar to how Toyota quickly diversified its supplier base and enhanced inventory management systems after the 2011 earthquake and tsunami in Japan.

Supply Chain Planning Software 177

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

Unleashed

OCTOBER 23, 2023

Production planning is where you map out how your business will operate – the resources, strategies, equipment, and labour required to hit your production goals. Production planning is the process of developing a strategy for the production of a company’s products and services.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

SCMDOJO

FEBRUARY 20, 2023

Therefore, evaluating performance and creating a comprehensive digitalization strategy are essential for a distributor’s success. To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below.

Inventory Reduction 104

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 104

ToolsGroup

NOVEMBER 15, 2016

In 2016, it seemed as if everyone in supply chain was looking to improve their forecasting performance. Unsurprisingly, the highest percentage of respondents in a recent Gartner/Supply Chain Digest survey selected forecast accuracy and demand variability as the top barriers preventing them from reaching their broader supply chain goals.

Forecasting 120

Forecasting Forecasting Software Supply and Demand Modeling 120

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. The company provides demand and inventory planning solutions based on a public cloud architecture.

Inventory Reduction 224

Inventory Reduction Supply Chain Performance Cost Reduction Strategies Supply and Demand 224

ModusLink Corporation

SEPTEMBER 7, 2023

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. How do you calculate Average Inventory?

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 369

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 369

Logility

MARCH 21, 2024

During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Implementation of Sales Forecasting. The focus on sales forecasting started shortly after Y2k. Lack of Focus on Form & Function of Inventory and Designing Network Flows.

Procurement Analytics 370

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

ToolsGroup

FEBRUARY 6, 2018

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. Gartner delved into this issue in a recent report, Build the Capability for Inventory Health Assessment.

Inventory Reduction 159

Inventory Reduction Inventory Material Savings Gartner 159

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

ThroughPut

AUGUST 24, 2021

Conditions of erratic demands, long-period metrics, and unavailability of raw materials have brought forth a plethora of problems, such as – Trouble Managing Capacity : With high peaks and troughs in demand for goods, capacity management has become a key concern. Excess Inventori es : Excess inventories lead to excess wastage.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

The Logistics & Supply Chain Management Society

APRIL 15, 2021

This unlocks enormous value as you eliminate time lags, lower costs, and slash inventory buffers across the network. This strategy enables companies to achieve four critical objectives: Unlock value trapped in the supply network that is due to poor data quality and communication. This then sub-optimises the supply chain.

Inventory Reduction 259

Inventory Reduction Cost Reduction Strategies Expense Reduction Supply Chain Planning Software 259

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95