Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. I remember December 2007 like yesterday.

Supply and Demand 150

Supply and Demand Forecasting Forecasting Software Modeling 150

The Logistics & Supply Chain Management Society

JULY 20, 2020

Time to products restocking, automating repeat purchases could be made simpler by enabling a customer inventory demand to forecast while big data analytics enable real-time focus and simultaneous analysis of diverse data streams generating valuable information for forecasting and planning. Boston: Springer), pp.413–422.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Supply Chain Shaman

MAY 30, 2019

My forecast? When the recession of 2019-2020 happens, the whiplash will be higher than the 2007 recession. Most are clueless about driving a better-planned order flow from tactical planning to procurement or transportation planning or how to improve forecast-value-added (FVA) processes. Our supply chains are weaker at planning.

Inventory Reduction 196

Inventory Reduction Waste Reduction Cost Reduction Strategies Sourcing Strategies 196