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Hurricane Harvey - Effects, Forecasts, and Operational Best Practices

Elementum

Harvey is not the first lethal and damaging flood to hit Houston: Tropical Storm Allison in 2001 killed 41 and caused $9 billion in damage, as well as flooding in 2016 that shut down the city for days. Catch up on the effects and forecasts of Tropical Storm Harvey below: EFFECTS. click to zoom).

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ZF’s Transition from Lean to Supply Chain Resilience

Logistics Viewpoints

ZF has been working with a supply chain solutions provider called SupplyOn since 2001. ZF sends the call-off, along with the forecast, not just to their suppliers, but to their carriers and 3PLs. Even before COVID, Mr. Sobeck explained, forecast accuracy had been declining as product sales became more volatile.

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Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

China trade war is causing what has been described as the biggest cross-border supply chain shift since China joined the WTO in 2001. As the dynamics of tariff policies may take a 180-degree turn overnight, it is necessary to model and forecast the scenarios in which a firm operates. Relocating production from China.

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What About Them Apples?

Supply Chain Shaman

On one extreme, there is an argument that forecasts are always wrong, “Why do them at all?” ” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” I do believe in demand planning, but most companies overstate forecast improvements.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. Beating the growth forecast and improving margins drove lucrative bonus programs. The regional teams would always sandbag—or under forecast—to make their budget incentives. Less Collaborative.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. Beating the growth forecast and improving margins drove lucrative bonus programs. The regional teams would always sandbag—or under forecast—to make their budget incentives. Less Collaborative.

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Supply Chain KPIs You’ll Want Every Morning

Logility

Poorly implemented demand planning software mis-forecasts demand for branded sneakers. Demand planning systems unable to forecast demand-slowing associated with economic meltdown. Historical sales and customer activity are key inputs to a more refined measurement or forecast of where sales are trending. The common thread?