Supply Chain Shaman
FEBRUARY 14, 2022
Tight coupling of the supply chain forecast to the financial forecast will improve value. Industries carried on average 32 days more inventory in 2020 than in 2007. (I Even when I proved that the process was degrading the forecast by 35-60%, companies still clung to a wrong number. Don’t believe me? Measure it.
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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. REFERENCES: Fatorachian, H and Kazemi, H.
BlueYonder
AUGUST 22, 2023
What Is a Good Forecast? Forecasts are like friends: Trust is the most important factor (you don’t ever want your friends to lie to you), but among your trustable friends, you prefer meeting those that tell you the most interesting stories. We want forecasts to be “good,” “accurate,” and “precise.” But what do we mean by that?
Supply Chain Insights
AUGUST 3, 2017
It hasn’t been too long ago that a typical consumer products manufacturer rep would replicate last year’s plan, make any adjustments for an account’s expanded stores, new markets, or new product launches, and dub it the new current year forecast. The calls we are making to the references that were provided prove it as well.
Supply Chain Shaman
AUGUST 21, 2015
In this report, I list 35 vendors and share the strengths and considerations based on demonstrations, discussions with references and my discussions with clients. When I wrote a summary report at AMR Research in 2007 and 2009, there were two or 6% of the market. SAP supplied none of the references. It is just too easy.
KEPLER Consulting
DECEMBER 11, 2019
However, it is essential to react quickly in order to prevent harmful effects due to the overload of the operational system (Véronneau and Cimon, 2007) and also to preserve a certain agility in for the Supply Chain. Non-optimized storage options with the high national and low local turnover references placed in local storage.
Expert insights. Personalized for you.
195 
Let's personalize your content