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

Supply Chain Shaman

MARCH 21, 2024

In my first classes, I taught the group how to speak the language of demand—forecastability, Forecast Value Added (FVA), backcasting, demand and market latency, and market drivers. We explore the concept of holistic inventory strategies focused on the form and function of inventory. Lack of aligned metrics. The So What?

Inventory Reduction 406

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 406

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

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

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

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 82

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 82

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

ToolsGroup

JANUARY 30, 2024

Retailers need to create plans for these non-traditional sites, as well as other wholesale channels, but often tools for retail planning and execution fail to align with the unique metrics and naming conventions used in wholesale. Retailers can forecast down to the SKU-location level for each day, which delivers a better assortment in stores.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 156

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

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. Start by analyzing your Forecast Value Added by demand stream. Most of the models are supply-centric with no place to put channel data.

Modeling 209

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 209

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. Execute high-performing product mix & sales forecasts with AI.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

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. Sales to Forecast and Sales to Outlook. You can refine as you go!

Manufacturing Procurement 89

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 89

ToolsGroup

MAY 15, 2024

It tailors its offerings and adjusts its inventory mix regularly to meet changing customer preferences. Decision-centric planning would enable more organizations like Absolut to align their supply chain strategies with customer-centric goals.

Supply Chain Planning Software 177

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

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 102

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

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 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Why is it important to track cash flow metrics?

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

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

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. While the input from sales on market trends is invaluable, sales should never be asked to forecast. The reason?

Procurement Analytics 370

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

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

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

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

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. Focus on functional metrics without alignment to a balanced scorecard to drive value.

Supply Chain Planning Software 363

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

Logility

AUGUST 18, 2023

However, achieving this critical alignment often stumbles over familiar hurdles: A limited understanding of supply chain operations at the executive level, objectives that diverge between strategy and operations, gaps in communication, a lack of shared KPIs, and the relentless pace of market changes.

Supply Chain Performance 188

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

Silvon Software

MARCH 3, 2023

Having a strong Sales & Operations Planning (S&OP) strategy ensures that your forecasts, raw materials availability and production capacity all match up and that the factory floor can meet its defined deadlines. But simply putting an S&OP strategy in place isn’t enough. logistics firms).

S&OP 111

S&OP Procurement Analytics Supply and Demand Analytics Software 111

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

Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Supply Chain Shaman

FEBRUARY 5, 2020

Clarity of Strategy. Great S&OP processes start with clarity of strategy. build alignment (driving goal congruence), building reward systems (defining a cross-functional set of metrics to align to the strategy) and defining the right reporting relationships (the S&OP process needs to report to the profit center manager).

S&OP 323

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

Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Now that we understand what efficient shelf replenishment entails, let’s dive into how to put these strategies into action! Analyze the quantity and frequency of reordering.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Waste Reduction 52

SCMDOJO

APRIL 29, 2024

Planning: This stage involves forecasting demand, setting production schedules, and creating a strategic framework for the entire supply chain. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices.

Supply Chain Planning Software 83

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 83

Unleashed

DECEMBER 21, 2023

Keep reading to uncover the risks and challenges of inventory management , learn about the types of solutions available, and discover some of the most effective inventory management strategies in modern business. Seasonality and fluctuations in market trends can also make it difficult to forecast demand correctly.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Silvon Software

JUNE 11, 2020

The more challenging part of dashboarding, however, gets down to the actual metrics that should be included as part of a performance management strategy. As a place to start, I thought I’d provide a shortlist of both simple and more complex metrics that our manufacturing and distribution clients are using in their dashboards today.

Metrics 79

Metrics Manufacturing Forecasting Inventory Reduction 79

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Each requires its own portfolio of metrics. Even where the same metrics are used, there are differences.

Inventory Reduction 64

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 64

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Smart logistics strategies can reduce wastage and improve operational costs. Subscribe Here! Email Address.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Logility

APRIL 15, 2020

While extremely valuable, any reputation forecasting has can quickly be tarnished by bad experiences. A more fundamental issue is knowing what business problems forecasting can address. Outlined below are five of the best use cases for forecasting based on dozens of projects our customers have executed with our technologies.

Forecasting 248

Forecasting Forecasting Software Predictive Analytics Software Demand Planning Software 248

Alloy

DECEMBER 27, 2018

Consumer goods companies rely on forecasts to support inventory planning and distribution across their sales channels. Building accurate demand forecasts requires more than just an understanding of the latest machine learning techniques; it also requires the right data and an understanding of the potential costs of incorrect estimates.

Forecasting 40

Forecasting Modeling Forecasting Software Demand Planning Software 40

Supply Chain Shaman

OCTOBER 8, 2019

I find senior executives love to throw around superlatives like customer-centric, agile, efficient and responsive but lack the understanding of how the words translate to supply chain strategy in the real world. Managing a supply chain requires big feet—grounding in real-world experience—coupled with big wings—conceptualization of strategy.

Supply Chain Design Software 187

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

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. It had been a long night. However, I had little time to be tired. ” I smiled.

Material Savings 186

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 186