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How do we Drive Invention to Innovation in Planning?

Supply Chain Shaman

In 2003, short-term forecasting approach using pattern recognition was invented by Terra Technology to replace rules-based consumption. It is marketed as demand sensing. The invention was pattern recognition to sense short term demand and replace traditional logic, but the innovation to drive business results is slower.

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7 Principles of Supply Chain Management Explained

Supply Chain Opz

3) Align Demand Planning Across Supply Chain. Supply chain practitioners are taught to share the demand data with trading partners so nobody has to keep the unnecessary stock. 7) Adopt Both Service and Financial Metrics. So, logistics network design is a kind of initiative driven mainly by customer.

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Integrated Business Planning: A New Narrative for an Old Process

Supply Chain Trend

Wave 2, Advanced Planning Systems (APS), first adopted in the 1990s, facilitated a forward view of the business, integrated plans with other functions, and optimized supply-chain metrics such as forecast accuracy, inventory holdings, and customer service. IBP Segmentation by Planning Horizon, Automation.