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

Logility

MARCH 21, 2024

AI has presented challenges and opportunities for business leaders seeking to leverage its potential across their organizations to improve efficiency and increase profitability. Myth 8: Generative AI is immune to biases present in training data Generative AI produces predictions based on its training data.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

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. This article presents 18 ideas that can be used by supply chain leaders to improve participation by their sales organizations in the process.

Supply and Demand 115

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

Arkieva

FEBRUARY 13, 2017

How do you establish a forecast improvement process? The forecasting process in demand planning sets the stage for all other planning activities including bill of material (BOM) and finished goods inventory optimization. Related: How to Define Your Forecasting Hierarchy ]. Related: How to Define Your Forecasting Hierarchy ].

Forecasting 60

Forecasting Forecasting Software Inventory Reduction Scenario Planning 60

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. In the event model, companies present case studies and opinions without a factual framework. It is just accepted.

Gartner 288

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

Unleashed

APRIL 18, 2023

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? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Supply Chain Shaman

FEBRUARY 13, 2020

My friends would tell me to relax and get my Groove on b ut, I find myself deep into a presentation for a client’s design thinking session next week. It is useful to analyze demand data to understand “forecastability” and randomness. Not all data is forecastable, and not all demand optimization engines are equal.

Optimal Sourcing 234

Optimal Sourcing Modeling Forecasting Supply and Demand 234

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. Logility: Supply Chain Planning & Optimization Logility assists global businesses with complex supply chains in sensing and responding to fluctuating market conditions.

Supply Chain Planning Software 52

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

Logistics Viewpoints

JUNE 1, 2021

I was excited to place the order right away so my present would arrive in time for Father’s day. 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. To my delight, I found one that was on promotion.

Inventory Management Software 185

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

Supply Chain Shaman

OCTOBER 8, 2019

The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. 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? 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

In the present month, supply is matched to demand for the coming 3 years with a particular focus on what needs to be produced for the coming quarter. Planners come up with data-proven forecasts on what the market may buy. This is a rolling one-month process. Then the following month, the process is repeated.

Supply Chain Planning Software 264

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

Kinaxis

FEBRUARY 5, 2015

by Melissa Clow Our partner Celestica recently published the following article, ‘What If You Could Take The Guesswork Out Of Forecast Planning?’. The factors which impact demand management and forecasting are nearly endless. In this scenario, a forecast bias was created and it led to an order of 200 additional widgets.

Forecasting 100

Forecasting Supply Chain Planning Software Forecasting Software Scenario Planning 100

Logility

AUGUST 18, 2023

Each of these hurdles presents its own unique issues that can disrupt alignment and hamper efficiency. For example, executives might underestimate the impact of accurate demand forecasting on reducing inventory costs, resulting in insufficient investment in necessary tools and technologies.

Supply Chain Performance 188

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

Supply Chain Shaman

DECEMBER 18, 2014

I had worked hard to teach the team presenting to talk the language of demand , but it was not understood at the board-room level. I asked myself, “How ironic is it that the technologies and processes of the past are always presented as the answer.” Improving forecasting is not the answer. Push for new Solutions.

Supply and Demand 279

Supply and Demand Forecasting Supply Chain Planning Software Forecasting Software 279

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

In SIOP, accountability is a huge part of achieving desired outcomes, improving monthly metrics and satisfying the customer needs. Without a shared level of accountability challenges will present themselves and compliance will become an ongoing concern. Your Sales Plan is NOT a Forecast! MORE FROM THIS EDITION.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

ToolsGroup

MARCH 16, 2021

I have been blogging and advocating for the past 15 years on probabilistic approaches to planning and forecasting, and am happy to see in the last few years it has finally started gaining traction and attention. A symptom of a probabilistic plan or forecast is that its results are generally also expressed as probability distributions.

Forecasting 156

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Planning 156

Elementum

SEPTEMBER 6, 2022

Five Supply Chain Management Challenges in 2022 The last two years have caused endless disruptions to supply chains, but have also presented an opportunity to diversify and think creatively. Uncertain Forecasting Another core problem is forecasting, which is a fundamental requirement for all supply chain managers.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 78

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. I laughed at a recent presentation of Mondelez trying to achieve the cash-to-cash performance of Dell. Let’s take an example.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 252

SCMDOJO

FEBRUARY 20, 2023

Using advanced analytics tools, businesses can gain insights into sales forecasts, inventory levels, and demand patterns, allowing them to adjust their inventory levels in real time. Forecasting, which predicts future demand based on past and present data, is useful for achieving this equation.

Inventory Reduction 102

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 102

ThroughPut

MARCH 27, 2024

Every aspect of operations, be it managing the inventory, forecasting demand or fulfilling orders was dependent on human wisdom and intuition. Benefits of AI in the Retail Industry Enhancing Accuracy in Demand Forecasting Forecasting demand has never been this accurate before. How is AI Revolutionizing Retail Supply Chains?

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

Supply Chain Shaman

JUNE 30, 2018

Companies with the lower score on the Index are driving faster rates of metrics improvement. Energizer and Unilever are driving the fastest rates of improvement and Clorox and P&G improvement rates are the slowest on the Metrics That Matter of Growth, Operating Margin, Inventory Turns, and Return on Invested Capital (ROIC)).

Supply Chain Design Software 164

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 164

Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. Markets drive supply chains.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Unleashed

JUNE 7, 2023

The inventory optimisation process “After three years of pandemic disruption and economic volatility, sharpening demand forecasts and inventory planning across industries seems both as imperative and challenging as it has ever been.” Demand forecasting software. Let’s explore some key inventory optimisation techniques in depth.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

Supply Chain Shaman

JULY 30, 2022

Most companies do not analyze the coefficient of variation (how forecastable the data is), the quality of the demand forecast (Forecast Value-Added) , or the impact of the latency from the dependency on the order signal in the distortion and amplification of the supply signal (bullwhip effect).

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Supply Chain Shaman

JUNE 19, 2013

Companies are stalled on improving customer service and forecast accuracy. When I finished the presentation (the materials are available on slideshare.) It will be nice to be home and to have time to write on this second book, Metrics that Matter. The chemical and consumer electronics industries have made the most progress.

Forecasting 271

Forecasting Supply Chain Planning Software Agile and Lean Supply Chain Forecasting Software 271

Logility

JANUARY 12, 2021

There is a continuum in terms of the presentation of data that allows for continuous sophistication in understanding and interpreting data. Factors such as on-time delivery, freight cost per unit shipped, and transit time are assigned metrics and weighted averages to help users determine how well carriers are performing overall.

Prescriptive Analytics Software 131

Prescriptive Analytics Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 131

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are?

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. In the OnDemand platform, some brands can also access a Supply Chain Scorecard that shows metrics including Days of Supply and Days of Supply Goal.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Kinaxis

JUNE 2, 2017

by Alexa Cheater As Gartner Research Director Matthew Spooner noted in his recent presentation at the Gartner Supply Chain Executive Conference, advanced sales and operations planning (S&OP) is like a hotel. Some specific industry examples, as presented by Spooner, where advanced S&OP has created value include: Industrial.

S&OP 111

S&OP Supply and Demand Forecasting Inventory Reduction 111

SupplyPike

JUNE 24, 2020

Descriptive analytics includes examination of the preceding (or historic) data to figure out developments and estimate metrics over time. In the method of descriptive analytics, data can only be presented in the form of tables and graphs. Suppliers must review historical sales to create demand plans and predict sales forecasts.

Prescriptive Analytics Software 98

Prescriptive Analytics Software Predictive Analytics Predictive Analytics Software Retail 98

The Supply Chainer Report

NOVEMBER 13, 2019

Raw materials acquisition depend on economy of scale, they’re bought with a long time in advanced and considering factors such as Demand forecast, Discounts and Rebates … (2) Finished Goods in the lower water tank will have more value added coming from the Manufacturing process. Prevention. Self-Analysis.

Material Savings 40

Material Savings Forecasting Procurement Analytics Inventory Reduction 40

Supply Chain Matters

FEBRUARY 27, 2024

While progress was indicated against key business performance metrics, investors prompted a reported 25 percent decline in the company’s stock value. The company’s forecast for expected vehicle output for fiscal 2024 is 57,000 vehicles, similar to what was produced in fiscal 2023. A lot has occurred since that forecast.

Supply Chain Design Software 52

Supply Chain Design Software Expense Reduction Price Reduction Supply Chain Strategy 52

Unleashed

JANUARY 14, 2024

This includes key activities such as the forecasting, ordering, receipt, storage, and auditing of inventory items. Perishable produce and limited-shelf-life inventory present a variety of operational, planning, and inventory management challenges. Align the production schedule with the demand forecast and customer orders.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Arkieva

JANUARY 27, 2017

From talks of an autonomous supply chain, a robotic takeover, drone deliveries in 30 minutes or less; the future of supply chain management presents businesses with the opportunity to transform their processes into a competitive advantage. Improving Forecast Accuracy. Determine the Metrics That Matter. Source: Arkieva.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Optimization 60

American Global Logistics

SEPTEMBER 12, 2023

Big Data analytics Artificial intelligence and machine learning enable predictive analytics and demand forecasting, facilitating better decision-making. Collaborative planning, forecasting, and replenishment (CPFR) enable real-time collaboration between suppliers and retailers, enhancing inventory management and reducing stock-outs.

Sourcing Strategies 52

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

Supply Chain Shaman

JUNE 7, 2018

In five companies that I have worked with in the past quarter, each degraded the forecast (using Forecast Value Add methodology) by 10-18%. An orbit chart is a plotting of data at the intersection of two metrics. In this case, the metrics are operating margin and inventory turns. I hand-pick the presentations.

Supply Chain Planning Software 230

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 230