Remove 2007 Remove Forecasting Remove Sourcing Remove System
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How We Stubbed Our Toe in The Evolution of S&OP

Supply Chain Shaman

At the time, I was fascinated how the most mature teams bucked the system. Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Tight coupling of the supply chain forecast to the financial forecast will improve value. Sales and Operations Maturity Model from 2005-2008.

S&OP 195
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Lifting The Gray Curtain

Supply Chain Shaman

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. ” Her answer was telling.

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2020 Requires Big Wings and Feet

Supply Chain Shaman

The supply chain is a complex non-linear system. The budget is not sufficient and is often a detrimental input for supply chain forecasting. Why Is the Financial Forecast Not a Good Proxy for a Supply Chain Forecast? There are many reasons why the budget cannot be used as a supply chain forecast. Bias and error.

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Will the Downturn Signal an Upturn?

Supply Chain Shaman

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.

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Walmart and the Past, Present, and Future of RFID

AB&R

This announcement followed a successful trial run with an RFID system in 2002. The initiative was officially put on hold in 2007 as a result. The data captured will provide actionable insight into your stock, whether it be for forecasting or locating purposes. With the challenging start, one can only ask… Why try again now?

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My Take: E2open Buys Terra Technology

Supply Chain Shaman

The initial software product release name was Real-Time Forecasting. DS replaced rules-based forecast consumption with better math (statistics and pattern recognition). In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting.

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Building Outside-In Processes

Supply Chain Shaman

While traditional supply chain processes evolved from functional excellence definitions for source, make and deliver from the inside-out; to make the digital pivot and become more market-driven, companies need to define new supply chain processes outside-in. For example, should customer sentiment data feed into quality systems?