Supply Chain Shaman
SEPTEMBER 22, 2021
As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Lockdowns and Disbelief.
EazyStock
MARCH 14, 2023
Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention. What the last recession taught us An article from McKinsey & Company (2022) analyzed the performance of about 40 publicly traded distribution companies during the 2007-2009 recession.
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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.
The Logistics & Supply Chain Management Society
JULY 20, 2020
At the same time, communities struggle to survive through curfew periods and other restrictions to secure products affordably whilst complying with health and safety conditions. Customer centricity is not about setting a company strategy through the forecasted demand of the product portfolio in the market. Customer Centricity.
Supply Chain Opz
MAY 28, 2013
But the quick and easy way is to sort product by volume and use the level of forecast error (MAPE or MAD) to determine the level of variability then put everything into a quadrant. 7) Supply Chain Security Matrix. In order to avoid potential delay from security screening, supply chain security program is necessary.
Kinaxis
SEPTEMBER 16, 2015
From our eBook, S&OP in the 21st century , “An audit of 50 corporate spreadsheets in 2007 revealed that 94% had errors… one for $100 million!” An error in forecasting made by one function will almost always have an impact on at least one or more other functions.
Supply Chain Matters
SEPTEMBER 23, 2023
He went on to explain that this prior era included the economic shocks of the seventies and the global financial crisis in 2007 to 2008 when the real threat of two of the three U.S. automakers facing bankruptcy.
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