ThroughPut

MARCH 25, 2024

In supply chain management, accurately distinguishing between demand planning and demand forecasting is essential yet challenging. Misuse of these terms can lead to confusion and ineffective strategies. What is Demand Forecasting? Demand forecasting is the process of predicting future customer demand for a product or service.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Supply Chain Matters

MARCH 25, 2024

Last week, the National Retail Federation (NRF) forecasted its outlook for retail sales this year. Non-store and online sales included in the above figure are forecasted to grown in a range of between 7 percent and 9 percent year-over-year, equating to a range of $1.47 The 2024 forecast compares to the sales growth of $5.1

Forecasting 52

Forecasting Forecasting Software Retail Procurement Analytics 52

QAD

JULY 6, 2023

It involves the process of identifying, sourcing, and allocating resources to create a product or service with a goal of better balancing supply chain demand. AI technology can be used to help with forecasting, supply chain planning and demand planning. It’s clear that AI forecasting can make a huge impact on the supply chain.

Forecasting 93

Forecasting Supply Chain Planning Software Supply Chain Planning Forecasting Software 93

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

APRIL 29, 2024

Most believe that Gartner would be of better service to the industry to adopt more of a Horses for Courses Strategy. Focus outside-in on channel signals, recognize that most companies have five to seven demand streams, and then align the demand streams to supply strategies (using supply network data). What steps to take? Next Steps?

Supply Chain Planning Software 394

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Forecasting Software 394

ThroughPut

MARCH 24, 2024

Demand planning and forecasting in the traditional sense relied heavily on a combination of limited and biased data and gut instinct. Not limiting this ability to just rectifying errors, analytics can also be leveraged into demand forecasting and profit generation. Why do you Need Modern Demand Sensing to Solve Modern Problems?

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

ToolsGroup

JANUARY 30, 2018

Trade promotion forecasting is difficult: getting it right involves factoring in many variables. Forecasting demand data, not so much. To do this, the first hurdle is creating a good statistical baseline forecast. To do this, the first hurdle is creating a good statistical baseline forecast.

Forecasting 184

Forecasting Forecasting Software Supply Chain Planning Software Analytics Software 184

Logility

APRIL 20, 2022

And for that reason, they can absorb and avoid disruption, measure variability proactively, and establish the rights strategies and inventory buffers to address it across the supply network and short- and long-term planning horizons. Developing Diverse, Resilient Sourcing Strateg ies.

Sourcing Strategies 130

Sourcing Strategies Material Savings Vendor Strategies Inventory Reduction 130

Supply Chain Matters

DECEMBER 11, 2023

Today, the United Nations Conference on Trade and Development (UNCTAD) issued its latest forecast update on overall global trade, and the narrative is not encouraging or optimistic. Outlook for 2024 The current updated UNCTAD forecast provides a more pessimistic forecast for 2024. percent in 2023 and a forecasted 4.8

Forecasting 52

Forecasting Global Price Reduction Supply Chain Planning 52

ThroughPut

DECEMBER 5, 2023

Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. The lack of forecasting accuracy can easily spill hardship into other departments. What is Demand Forecasting?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Logility

OCTOBER 29, 2021

With the right technology, process manufacturing strategy, planning, and management can be simplified. 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.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

ThroughPut

DECEMBER 4, 2022

When demand can be anticipated with accuracy, it can be delivered efficiently with demand forecasting techniques. Using an AI-driven retail replenishment software and planning solution that tracks inventory can help planners easily forecast and balance store demand to provide accurate SKU level replenishment.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. Improved Forecast Value Added (FVA). Instead, focus on Forecast Value Added analysis. In mature companies, the focus shifts from error to Forecast Value Added (FVA) measurement. I write this post as a guide.

S&OP 339

S&OP Supply and Demand Forecasting Supply Chain Design Software 339

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 400

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 400

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. A solution needs to be trained on the right data, on data that has been ethically sourced.” This solution provides for purchase order collaboration.

Procurement Solutions 211

Procurement Solutions Forecasting Software Modeling Software Procurement Analytics 211

ThroughPut

JUNE 12, 2023

As a result, the forecasting errors in logistics have only multiplied ever since the pandemic and with conventional forecasting models failing to insulate you against underutilization, revenue loss and missed business opportunities, you need to don the Batman’s cape to save the day!

Forecasting 52

Forecasting Modeling Forecasting Software Optimal Sourcing 52

Logistics Viewpoints

JANUARY 18, 2024

1) Streamlined Data Flow and Process Automation Is all about AI At the heart of effective supply chain automation lies the seamless flow of data across various sources and digital platforms, akin to a well-constructed highway for data. outliers, product with active sales but no forecast, sales in an inactive product or customer).

Supply Chain Software 247

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 247

ToolsGroup

JULY 26, 2016

Most CPG companies have hit a demand forecasting ceiling. And complexity creates a challenge of how to forecast accurately when faced with new items, new channels and demand shaping. Recent evidence strongly suggests that traditional forecasting techniques in this environment have reached their limits and hit a ceiling.

Forecasting 120

Forecasting Supply and Demand Optimal Sourcing Inventory Reduction 120

Logility

MAY 3, 2021

While sales and operations planning (S&OP) is critical to the creation of an overall business strategy to maintain a competitive edge, sales and operations execution (S&OE), along with a process to support it, should also be a top priority for your organization. S&OP Defined. This keeps operational costs optimized.

Inventory Reduction 246

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 246

Vanguard Software

JUNE 1, 2021

These companies struggle to stay afloat in their respective industries as competitors utilize modern solutions that leverage AI for demand forecasting and supply chain management. How do organizations harness the power of data and algorithms for better demand forecasting? and prescribe the appropriate forecasting model.

Forecasting 52

Forecasting Modeling Forecasting Software Demand Planning Software 52

Taulia

JANUARY 4, 2023

Supply chain management comprises parts including supplier management , sourcing, procurement, the accounts payable process , manufacturing, and the delivery of finished products. What is demand forecasting? Demand forecasting is the process used by businesses to predict future demand for a product or service. Collecting data.

Forecasting 52

Forecasting Modeling Optimal Sourcing Supply and Demand 52

Logistics Viewpoints

AUGUST 24, 2022

I was also able to interview Brent after his session to get a little more insight on how Qualcomm dealt with the Covid-19 pandemic, what it means for the semiconductor chip shortage, and where the company is going with its digital transformation strategy. One of the biggest issues was the labor shortage during Covid.

Sourcing Strategies 207

Sourcing Strategies Material Savings Resource Reduction Manufacturing Procurement 207

ToolsGroup

MAY 16, 2023

These often included: Collaborating more effectively with suppliers: More organizations are embracing a more holistic supply chain strategy by knowledge-sharing with suppliers to align on lead times, forecasts, and buying projections. Probabilistic forecasting continues gaining momentum. Still new to probabilistic forecasting?

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

ThroughPut

JUNE 12, 2023

Forecasting has forever been at the heart of efficient supply chain operations – driving the much needed predictability to source raw materials, manufacture products and fulfill customer needs at the right time, right place and in the right quantity. Clearly, supply chain forecasting has become more complex.

Forecasting 52

Forecasting Sourcing Strategies Agile and Lean Supply Chain Cost Reduction Strategies 52

ThroughPut

APRIL 20, 2023

The Top 5 Use Cases of AI-powered Demand Planning and Forecasting Solutions 1. Available data sources are analyzed in real-time which helps optimize inventory levels continuously and as a result, supply chain planners have the most profitable purchasing plan readily available to be implemented at any point in time.

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Procurement Solutions 52

The Logistics of Logistics

MAY 1, 2024

DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility. Access accurate freight rate forecasts that are over 95% accurate on more than 7 million daily predictions.

Metrics 198

Metrics Logistics Network Optimization Software Analytics Software Optimal Sourcing 198

Supply Chain Matters

MARCH 22, 2022

In this Supply Chain Matters commentary, we highlight the latest OECD global economic forecast in the ongoing light of the Ukraine conflict and provide some additional industry supply chain implications. . It this agency’s prior December 2021 forecast, OECD had forecasted that global GDP growth would moderate to 4.5

Forecasting 52

Forecasting Ukraine Price Reduction Inventory Reduction 52

o9 Solutions

DECEMBER 30, 2021

o9’s Vice President of Industry Strategy, Vikram Murthi spoke with Dirk Niederhäuser, Supply Chain Management Practice at IBM and Alexander Kurtzahn, CIO at Edeka, to discuss what steps retailers should take to execute the above-mentioned components successfully. Optimal inventory placement across the network.

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Modeling 52

ThroughPut

AUGUST 24, 2021

Not limiting this ability to just rectifying errors, analytics can also be leveraged into demand forecasting and profit generation. This is possible by planning product mix, and product sales forecast effectively via demand sensing technologies. Execute high-performing product mix & sales forecasts with AI.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

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

ToolsGroup

NOVEMBER 9, 2023

With ToolsGroup’s AI-powered demand forecasting, the plant-based food innovator revolutionizes its supply chain, maximizing accuracy, speed, and business performance. For more information about how AI-powered probabilistic forecasting lays the foundation for supply chain growth, read the full case study here.

ToolsGroup 156

ToolsGroup Supply Chain Transformation Supply Chain Planning Software Optimal Sourcing 156

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. This includes production elements such as material sourcing, job allocation, transport logistics, production scheduling, inventory optimization and more.

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. This includes production elements such as material sourcing, job allocation, transport logistics, production scheduling, inventory optimization and more.

Forecasting 59

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 59

ShipBob

JANUARY 15, 2024

In this guide, we’ll explore the main causes of inventory glut, innovative strategies to tackle it, and how working with a 3PL can help reduce inventory risk. Its cause can be related to poor demand forecasting, changes in global economic conditions, supply chain disruptions, or shifts in consumer preferences. What is inventory glut?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

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

Supply Chain Shaman

FEBRUARY 26, 2024

Start by analyzing your Forecast Value Added by demand stream. Organizations need to be trained to use terms like demand latency, forecast value added (FVA), process latency, demand streams, and form & function of inventory. Then take an inventory of all the sources of channel data in the organization. What defines maturity?

Modeling 209

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 209