article thumbnail

4 Steps to Skyrocket Your Demand Forecasting Accuracy

Logility

In the intricate world of supply chain management, the accuracy of demand forecasting often serves as the cornerstone of business growth. Yet, despite its significance, demand forecasting continues to be a thorny issue for many businesses, particularly manufacturers. What is Demand Forecasting Accuracy? Let’s get started!

article thumbnail

Securing the Pickleball Supply Chain

Logistics Viewpoints

Jordan believed that the most important thing that needed to be changed was to make the forecasting process simpler and more dependable. In different product categories, sales forecasts were being changed regularly and the inventory planning team had to react to these whipsaws to the factory orders. When she joined, Ms.

Security 198
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Demand Forecasting in the new normal

SYSPRO Smarter ERP

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. To manage this delicate balance of demand and supply, manufacturers often use statistical forecasting techniques to predict future demand by looking at historical sales data.

article thumbnail

Food Security and National Security

Enterra Insights

” Food Security and National Security The staff at World Atlas note, “The breadbaskets of the world are the regions in the world that produce food, particularly grains to feed their people as well as for export to other places. .” national security are not just measured in missiles, armies and terrorists.

Security 130
article thumbnail

ToolsGroup Supply Chain Forecast | Inventory Now Available ?in the Microsoft Azure Marketplace

ToolsGroup

Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. ToolsGroup customers can now take advantage of the scalability, high availability, and security of Azure, with streamlined deployment and management.?? Reduce investment in stock.

article thumbnail

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. Those unexpected surges meant forecasts were worth as much as the paper they were printed on. However, some market trends that became significant factors in 2020 will likely continue.

article thumbnail

4 Tips For Better Process Manufacturing Planning and Forecasting

Logility

Process manufacturers in particular, with their reliance on a consistent ingredient mix, have unique challenges that require accurate forecasting to keep up with manufacturing demand. Granular forecasting at the SKU level. With the right technology, process manufacturing strategy, planning, and management can be simplified.