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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely!

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Inventory Everywhere, But Not the Right Product to Ship

Supply Chain Shaman

Note that in Figure 1, retail home improvements days of inventory increased 68 days, contract manufacturing days increased 48 days, retail apparel by 28 days, and containers and packaging manufacturing companies by 14 days. When I work with clients, nine out of ten, have a negative Forecast Value Added (FVA).

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Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? Your customers don’t care if you have a great demand forecast. How do you turn a good forecast into a great inventory plan? How do you turn a good forecast into a great inventory plan? Demand is not what you shipped in the past.

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Options for inventory planning and forecasting

SYSPRO Smarter ERP

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. More recently, artificial intelligence (AI) has been promoted as the way to address the complexities of inventory planning and forecasting.

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2021 Logistics Outlook: Truckload Freight Market Forecast

GlobalTranz

The volatility of 2020 and the uncertainties looming into 2021 make it difficult to forecast planning and budgets based on historical data. That trend also plays into an extended peak shipping season and ongoing tightened capacity in all modes. However, some market trends that became significant factors in 2020 will likely continue.

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Options for inventory planning and forecasting

SYSPRO Smarter ERP

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. More recently, artificial intelligence (AI) has been promoted as the way to address the complexities of inventory planning and forecasting.

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Balancing Life’s Disruptions by Forecasting within a Dynamic Supply Chain

QAD

Having proper forecasting within your supply chain can help you to be antifragile and assist you in leveraging life’s disruptions. Leading manufacturing companies and supply chain solutions involve many critical decisions. Unlike other industries, manufacturing businesses can be extremely expansive and diverse.