Supply Chain Shaman

MARCH 21, 2023

Organizational Alignment Organizational Alignment in 2019 I believe that there are five root issues increasing inventory: Decrease in Forecastability. When I work with clients, nine out of ten, have a negative Forecast Value Added (FVA). 50 making it difficult to forecast with traditional techniques.

Inventory Reduction 371

Inventory Reduction Inventory Price Reduction Cost Reduction Strategies 371

Arkieva

OCTOBER 3, 2023

In the dynamic supply chain management landscape, one of the most challenging aspects is dealing with the differences between our forecasts and reality. Navigating the Pitfalls of Expedited Shipping was first posted on October 3, 2023 at 7:58 am.

Shipping 126

Shipping Forecasting Supply Chain Planning Supply and Demand 126

QAD

APRIL 6, 2023

Having proper forecasting within your supply chain can help you to be antifragile and assist you in leveraging life’s disruptions. It is a significant challenge to manufacture and ship products at a quick pace while maintaining impeccable quality. Unlike other industries, manufacturing businesses can be extremely expansive and diverse.

Forecasting 97

Forecasting Forecasting Software Supply Chain Design Software Supply Chain Planning Software 97

BlueYonder

JULY 6, 2023

Market-based demand forecasting to help you predict localized demand and placement of inventory Retailers are facing increasing pressure to offer affordable, reliable, and frictionless customer experiences. Learn more about Fulfillment Order Forecasting and Fulfillment Item Forecasting solutions. Check out Part 1 of this blog.

Forecasting 68

Forecasting Forecasting Software Demand Planning Software Supply and Demand 68

Herlitz Inventory Management

JANUARY 18, 2023

What is Demand Forecasting? Demand forecasting is a vital activity for wholesale and retail purchasing teams. Demand forecasting is a process that helps retailers and wholesalers predict future consumer demand. There are various forecasting methods available, many of which have been used since the early days of modern retail.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Procurement Solutions 52

Logistics Bureau

NOVEMBER 1, 2021

Does your supply chain depend on container freight shipping? And are you struggling with cost and forecasting challenges? However, even with a consulting team on your side, it’s crucial to ensure your managers responsible for procuring shipping services understand the current container freight landscape and issues at hand.

Forecasting 77

Forecasting Negotiating Skills Cost Reduction Strategies Freight 77

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. Many external factors can affect supply and disrupt the supply chain, such as raw material shortages, shipping delays or natural disasters.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning 52

Supply Chain Shaman

APRIL 16, 2024

With the evolution of eCommerce, shifts in regional preferences, complexities of product portfolios, decline in forecastability, and increase in demand and supply variability, supply chain planning is more challenging. Turn Volume Make to stock Very Forecastable. Long Tail Configure to Order or Make to Order Not forecastable.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Inventory Reduction Modeling 195

Supply Chain Shaman

NOVEMBER 15, 2023

The essence of the question is resilience and the ability to forecast in a variable market reliably. This gets us to the question of what is the role of the forecast?` For most, forecasting is a conundrum full of potholes, politics, and bias. I attempted and failed to: Use Point of Sale Data in Supply Chain Forecasting.

Supply Chain Planning Software 375

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 375

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. Many external factors can affect supply and disrupt the supply chain, such as raw material shortages, shipping delays or natural disasters.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

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. If we could only get closer to true end-customer demand the company could ship exactly what is needed, where and when. It’s the old Push – Pull argument.

Forecasting 100

Forecasting Forecasting Software Supply and Demand Inventory Reduction 100

ShipBob

JULY 9, 2021

And since an ecommerce supply chain consists of several moving parts, how does an online brand go about supply chain forecasting, so they can make better predictions and decisions? There are several supply chain forecasting methods that businesses of all sizes can use that doesn’t involve hiring a psychic. Download the Guide.

Forecasting 98

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Software 98

o9 Solutions

DECEMBER 2, 2022

And, respectfully, Hannah Montana never even tried to use machine learning (ML) methods for time-series forecasting. Machine learning forecasting models are flexible, easy to implement, and generally provide better results than simple statistical models. In the words of Hannah Montana, everybody makes mistakes. Ignoring Data Quality.

Forecasting 59

Forecasting Modeling Montana Optimization Modeling 59

SYSPRO Smarter ERP

NOVEMBER 30, 2021

A Better Way to Forecast. Manufacturers can use forecasting to support inventory optimization. Gone are the days where you solely had to rely on your sales team creating wishful thinking forecasts. You can even use comparable existing product history as a starting point to model a forecast for a new product.

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

ToolsGroup

NOVEMBER 1, 2016

This explains also why supply chain planners struggle to improve their forecasts and end up hitting a ceiling. Even if Granarolo can successfully model and forecast the impact of these promotions, its competition will see them as periods of unpredicted demand decline that increases their demand volatility. Here’s a simple example.

Forecasting 120

Forecasting Modeling Forecasting Software Demand Planning Software 120

Supply Chain Shaman

FEBRUARY 26, 2024

They implemented a simple planning technology with an outside-in channel-centric model (Ship to model definition). Most supply chain planning deployments cannot use channel data because the model is a “Ship from model” not a “Ship to engine.” Start by analyzing your Forecast Value Added by demand stream.

Modeling 204

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 204

DynaSys

APRIL 28, 2021

We should not consider year 2020, and probably H1 2021, as a relevant set of data for forecasting calculation. My next S&OP run is coming, and I must find a solution to deal with sales forecasting after Covid. Based on the real demand, I can operate my supply planning without using precisely wrong forecasts. It’s a given!

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing S&OP 52

ThroughPut

MAY 13, 2022

In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Operations and Supply Chain Management

OCTOBER 18, 2021

Forecasting Shipping Delays; Cargo Swamps Airports; Alibaba’s Challenge. Hunt’s third-quarter earnings signal a strong market for freight operators, but increasingly restrained economic forecasts suggest clouds on the horizon. Some 100 container ships are anchored off the Hong Kong and Shenzhen ports waiting for berth space.

Forecasting 52

Forecasting Cargo Forecasting Software Logistics Network Optimization Software 52

Logistics Viewpoints

MARCH 24, 2022

Multi-carrier parcel shipping technology empowers fulfillment teams. Multi-carrier parcel shipping technology gives merchants the functionality they need to roll out these offerings and better serve customers. Despite all that multi-carrier parcel shipping technology has to offer merchants, organizations need to nurture the technology.

Supply Chain Planning Software 220

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Forecasting Software 220

o9 Solutions

SEPTEMBER 7, 2021

Retailers, in particular, realized traditional forecasting models that use historical sales data, were inadequate in predicting sales during the COVID-19 pandemic. Market knowledge improves forecast accuracy and explainability. Slow movers where the volume of sales for items may be too small to generate a robust forecast.

Forecasting 52

Forecasting Modeling Forecasting Software Demand Planning Software 52

20Cube Logistics

NOVEMBER 19, 2020

Today when you think of logistics, you tend to connect it to speed and timeliness, that is to process and ship orders on time with efficiency and provide the right information to customers to make the right decision. What are the popular methods of supply chain forecasting? Advantages of supply chain forecasting.

Forecasting 52

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

Logistics Viewpoints

APRIL 10, 2023

The finished products are then ready to be shipped to big box retailers like Target, Dick’s Sporting Goods, Walmart. They also ship to Amazon to support ecommerce sales. 40% of the finished goods are shipped directly to retail clients by their contract manufacturers. The rest flow into their distribution and kitting center.

Security 199

Security Supply Chain Planning Jordan Forecasting 199

ThroughPut

MAY 13, 2022

In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. . Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Supply Chain Shaman

SEPTEMBER 10, 2023

Comparison Overtime with Supply Chain Planning Implementations % of Inventory as Safety Stock Forecastablity Leadtime My Experience with Rolling Out Supply Chain Planning in the 1990s 50-55% 85-90% of items were forecastable with a COV less than.3 Instead, the focus was on error assuming that items at a location level (SKU) were forecastable.

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

Supply Chain Shaman

DECEMBER 7, 2023

Expand the “FLOW” program for logistics information sharing to forecast transportation flow. If businesses cannot accurately forecast revenue, the organization is not resilient. My answer is why are we spending so much money in technology and human capital to degrade the forecast with an exponential impact on inventory. (A

Supply Chain Design Software 293

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 293

Logility

JULY 5, 2023

Here are 3 examples: Enhanced Demand Forecasting Accurate demand forecasting is the cornerstone of effective supply chain planning. By employing deep learning techniques, generative AI models can recognize patterns and correlations that may elude traditional forecasting methods.

Supply Chain Planning Software 191

Supply Chain Planning Software Supply Chain Planning Modeling Scenario Planning 191

Logility

SEPTEMBER 13, 2023

Problems and Solutions We knew the problems well – history is not always the best predictor of the future, but every forecasting tool out there could do little more than project historical trends and seasonality forward. Does the forecasting tool use this info to calculate demand? Almost none do. What about sales inputs?

Supply Chain Planning Software 155

Supply Chain Planning Software Forecasting Software Demand Planning Software Scenario Planning 155

ThroughPut

FEBRUARY 24, 2020

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. While supply chain forecasting positively impacts the manufacturing organization at several levels, it particularly sees some great benefits on the warehouse.

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Supply Chain Planning Software 52

ThroughPut

FEBRUARY 24, 2020

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. While supply chain forecasting positively impacts the manufacturing organization at several levels, it particularly sees some great benefits on the warehouse.

Forecasting 59

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 59

QAD

JANUARY 17, 2023

This has resulted in the WTO reducing its forecasts for world trade over the next two years from 4.7% With other economic indicators showing low global growth, the WTO may need to revise this already low forecast should trade tensions between the world’s largest economies persist. Step 1: Automate Compliance.

Shipping 92

Shipping Global Price Reduction Cost Reduction Strategies 92

The Logistics & Supply Chain Management Society

JUNE 14, 2023

5 Immediate Impacts of the Ocean Shipping Reform Act of 2022 By Nat Josef Just when it seemed like bipartisanship was going the way of the dinosaurs, Congress recently came together to pass the Ocean Shipping Reform Act of 2022, which President Biden signed into law on June 16th. Amy Klobuchar (D-Minn.) and John Thune (R-S.D.)

Shipping 130

Shipping Supply Chain Design Software Logistics Network Optimization Software Demand Planning Software 130

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 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

Ware2Go

NOVEMBER 2, 2021

From this year’s holiday shipping deadlines to navigating shipping delays, this helpful guide contains everything you need to know to meet consumer expectations for shipping this peak season. Holiday Shipping Trends. Holiday Shipping Delays. Don’t miss out on early holiday shopping opportunities.

Shipping 98

Shipping Forecasting Supply and Demand Warehousing 98

BlueYonder

APRIL 11, 2024

Any SKU that is currently stocked at the proper level (usually called a presentation stock) and has any forecast at all will call for a replenishment as soon as possible. And finally, Blue Yonder Slow Mover logic makes shipments to the stores dependent on whether the store is likely to sell an item anytime soon, based on the forecast.

Forecasting 94

Forecasting DC Inventory Reduction Retail 94

Logistics Viewpoints

AUGUST 18, 2022

In the case of FTL shipping, there are many reasons why budgets are inaccurate, but the most obvious is that markets change during the year and as time goes by, the likelihood of variances between budgeted and actual costs increases. Stated already, as time goes by, conditions change and costs can go up or down.

Forecasting 216

Forecasting Purchasing Skills Exercises Scenario Planning 216

Alloy

SEPTEMBER 3, 2019

It’s a very useful number that can itself signal action needs to be taken, such as if Units on Hand drops to zero, indicating a location is out-of-stock and additional product should be ordered or shipped. Using Forecasted Unit Sales overcomes that challenge. a case of phantom inventory that brands also need to watch out for.

Forecasting 40

Forecasting Forecasting Software Alloy Retail 40