Logility

SEPTEMBER 19, 2017

From a supply chain standpoint the battle for new product profitability relies largely on two key capabilities, developing accurate new product forecasts and optimizing new product inventory. Gartner 2 recently reported that for every 1% of forecast improvement a CP company can achieve: A 2.7%

Inventory Reduction 103

Inventory Reduction Optimal Sourcing Modeling Inventory 103

Arkieva

MARCH 1, 2017

Seasonality forecast simulation: what is the effect of changing the gamma parameter in Holt-Winters forecasting method? For many manufacturing businesses, seasonality affects near and long term forecasts. Read Previous: What-if Wednesday: Forecast Simulation – Changing The Beta Parameter in a Forecasting Method.

Forecasting 60

Forecasting Forecasting Software Scenario Planning Analysis 60

ToolsGroup

JANUARY 3, 2017

Overall, we found our consumer goods customers averaging forecast accuracy in the mid-80s (with monthly aggregation) with inventory levels around 25 days and service levels around 98%. For retail, the forecast accuracy was similar, with service levels above 97% and very dispersed stock levels. Forecast Accuracy.

Benchmarking 168

Benchmarking Supply Chain Planning Scenario Planning Forecasting 168

ToolsGroup

SEPTEMBER 5, 2017

For several years there has been a commonly held belief that focusing on improving demand forecast accuracy should be a top priority for Chief Supply Chain Officers (CSCOs). But despite best efforts, improving forecast accuracy (or reducing forecast error) at many companies has hit a ceiling.

Supply Chain Planning Software 185

Supply Chain Planning Software Supply Chain Planning Modeling Supply and Demand 185

Resilinc

APRIL 30, 2024

If these forecasts are correct, 2024 will shake out to be the third most active hurricane season on record. The 2024 hurricane season is expected to be extremely active, with multiple forecasts predicting above-average activity, increasing the potential for supply chain disruptions. What sets this year’s hurricane season apart?

Supply Chain Software 91

Supply Chain Software Supply Chain How To Forecasting 91

Kinaxis

MARCH 20, 2019

The CEO went on to imply that losing sales was preferable to building excess inventory. Shouldn’t it be ok to build inventory in anticipation of demand surges, and then apply promotions to work through the excess? Was he concerned about brand image, as Goldman Sachs implied about Nike in 2017?

Apparel 193

Apparel Inventory North America Demand Planning Software 193

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. In the period of 2010-2018, within the chemical industry, margins fluctuated, largely driven by the price of crude, but inventory turns plummeted.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

ToolsGroup

JANUARY 10, 2017

Unmanned coffee stations transmit POS data every 15 minutes to help a highly autonomous planning system forecast demand, optimize inventory, and generate replenishment proposals for distribution and procurement. What going on?

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Scenario Planning 120

ToolsGroup

OCTOBER 24, 2017

However, she disagrees with DDMRP’s principles of forecasting and the use of demand sensing technologies. She says she believes DDMRP “buffers are only a piece of the answer” and that “forecasting plays a vital role in determining the rules for inventory buffers.” by Lora Cecere, May 5, 2017.

Supply Chain Planning Software 185

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 185

Logistics Viewpoints

JULY 19, 2021

If a change is made to what a customer forecast is expected to buy, for example if the customer appears to want to buy 10 percent more of certain products, the linkage to the effects on what factories can produce and how other customers would be affected are clear. Planners come up with data-proven forecasts on what the market may buy.

Supply Chain Planning Software 264

Supply Chain Planning Software Scenario Planning Supply Chain Planning Negotiating Skills 264

EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. A critical area of focus should be your eCommerce inventory management processes. Here’s how eCommerce businesses can improve their inventory management. Improving your eCommerce Inventory Management. Forecasting eCommerce inventory demand. Want to know how?

Inventory Management Software 52

Inventory Management Software Modeling Optimization Software Inventory Management 52

Supply Chain Matters

NOVEMBER 21, 2023

That number is noted as being 15 million more people than 2022 and is reportedly the highest estimate since NRF began tracking this data in 2017. The survey, conducted in the period of November 1 through November 6, reportedly polled 8,424 adult consumers about their holiday shopping plans and has a margin of error of plus or minus 1.1

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Forecasting Supply Chain Planning 52

E2open

AUGUST 6, 2018

Inventory optimization solutions are a key lever which can enable companies to streamline operations while maintaining service levels and freeing up working capital. To learn more about the unique features and capabilities of E2open’s Inventory Optimization Solution, download this year’s Inventory Optimization Value Matrix.

Supply Chain Optimization 60

Supply Chain Optimization Research Price Mitigation Strategies Inventory 60

Arkieva

MARCH 7, 2017

From discussions on enabling advanced business processes and improving supply chain visibility, to supply chain technology trends, the SAPInsider SCM 2017 in Orlando Florida, is set to be a fun learning and networking experience for supply chain professionals using SAP systems.

Supply and Demand 60

Supply and Demand Demand Planning SCM Supply Chain Planning Software 60

Enterra Insights

JUNE 1, 2021

Back in 2017, Andrew Busby ( @andrewbusby ), Founder and CEO of Retail Reflections, declared, “Cognitive computing is forever changing how we shop. 4] • Forecasting : Paul Winsor ( @PaulWinsor1969 ), general manager of retail at DataRobot, observes, “The really impactful part [of cognitive analytics] is around forecasting.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Analytics Software Supply Chain Software 130

Enterra Insights

AUGUST 11, 2022

If floods, heatwaves, and droughts aren’t enough to keep supply chain managers up at night, “forecasters at NOAA’s Climate Prediction Center, a division of the National Weather Service, are predicting above-average hurricane activity this year.”[3] ” Hurricane Preparations.

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Supply Chain Planning 130

NC State SCRC

NOVEMBER 6, 2017

The Supply Chain Resource Cooperative held its first ever “Executive Roundtable on Excess and Obsolete Inventory” on the NC State campus on October 25, 2017. Executives need to deal with inventory issues as they arise! Is there a senior management team committed to driving down Excess and Obsolete inventory levels.

Inventory Reduction 58

Inventory Reduction Forecasting Inventory Supply Chain Design Software 58

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 74

Enterra Insights

APRIL 6, 2021

That’s where forecasting and predictive analytics come into play. You might be asking yourself: What is the difference between traditional forecasting and predictive analytics? In contrast, forecasting provides overall aggregate estimates, such as the total number of purchases next quarter. insideBIGDATA, 3 February 2020. [4]

Predictive Analytics Software 113

Predictive Analytics Software Predictive Analytics Analytics Software Modeling Software 113

ToolsGroup

AUGUST 8, 2017

Source: Supply Chain Insights, “The Power of Downstream Data”, July 2017. It translates demand streams into a demand signal for each Stock Keeping Unit (SKU)-Location for a reliable forecast. She says that downstream data “makes a substantial difference in retail execution, inventory management, and improving on-shelf availability.”

Supply and Demand 174

Supply and Demand Data Forecasting Supply Chain Planning 174

The Logistics of Logistics

SEPTEMBER 12, 2020

He was recognized as the undergraduate faculty member who had the greatest impact on students based on the 2017 graduating senior survey. The department educates students to succeed in careers such as procurement, manufacturing, inventory management, warehousing, transportation, and customer service. Forecasting. Operations.

Supply Chain Design Software 130

Supply Chain Design Software Negotiate Pricing Negotiating Skills Supply Chain Design 130

RELEX Solutions

NOVEMBER 23, 2017

RELEX is looking for the best Retail and Supply Chain Master’s Thesis submitted in a European university during the year 2017. The competition is open to anyone who has submitted a retail and supply chain planning related master’s thesis in a European university during the year 2017. Who can apply? How to apply? Competition jury.

Europe 52

Europe Sweden Supply Chain Planning Retail 52

RELEX Solutions

NOVEMBER 7, 2017

Fresh Forecasting & Replenishment: Running an Efficient Omnichannel Grocery Retail Operation. Accurate forecasting is at the core of increased operational efficiency as it is key to accurately match resources, such as stock and personnel, with demand. Forecasting for Different Sales and Fulfillment Channels.

Forecasting 28

Forecasting Sourcing Strategies Forecasting Software Optimal Sourcing 28

Supply Chain Shaman

FEBRUARY 10, 2017

To tell their story they flashed up a screen of JDA demand planning (which has not changed much since I worked on it in 1995), and proceeded to tell me a story of how their cognitive application improved forecast error (measured by Mean Absolute Percent Error or MAPE) by over 30%. They showed the details by item on improved accuracy.

Supply and Demand 165

Supply and Demand Supply Chain Planning Software Inventory Reduction Supply Chain Design Software 165

Arkieva

JUNE 12, 2017

The Supply chain is driven by demand, supply, and inventory planning. Under demand planning, the importance of sales forecasting is undeniable. It provides a basis for the production process regulating quantities, inventory and maximizes the efficiency of the resources available.

Supply and Demand 82

Supply and Demand Forecasting How To Supply Chain Planning 82

Talking Logistics

JUNE 29, 2017

The answers were revealed at the SummerCon 2017 conference a couple of weeks ago where LLamasoft introduced “Planning by Design” and SupplyChainPlanning.com, which the company describes as “building blocks to improve your current planning capabilities through design technology.”. What would this “next generation solution” be?

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Planning 60

Supply Chain Shaman

JUNE 7, 2018

When we study 600 public companies by peer group, at the intersection of inventory turns and operating margin, only 5% drive improvement. In five companies that I have worked with in the past quarter, each degraded the forecast (using Forecast Value Add methodology) by 10-18%. of revenue on IT are we improving inventories.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 223

ToolsGroup

FEBRUARY 19, 2019

Here are some examples of mid-market companies that have made the leap to high maturity levels: Automotive importer Lubinski had a simple policy of holding 100 days of inventory for every item, augmented by classic ‘ABC’ modeling that proved complex and time-consuming. Getting from here to there.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Scenario Planning 136

Demand Solutions

MARCH 27, 2020

They're the teams responsible for forecasting inventory requirements, managing inventory replenishment functions and sourcing inventory from suppliers. Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

Atlanta 173

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy 173

Arkieva

NOVEMBER 15, 2016

Is your supply chain ready for 2017? For instance, a break in communication between the sales and demand planning teams could create an excess or shortage of inventory leading to unsatisfied customers or high inventory costs. The post How to Perform a Supply Chain Management Assessment for 2017 appeared first on Arkieva Blog.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 60

Talking Logistics

OCTOBER 27, 2017

UPS Forecasts Another Record-Breaking Holiday Shipping Season. Ryder Reports Third Quarter 2017 Results. stores to replenish inventory faster and save employees time when products run out.” UPS announces U.S. rate hikes, new peak surcharges for 2018 (Reuters). Alphabet looks to snowy Michigan to test self-driving cars (Reuters).

Logistics Network Optimization Software 102

Logistics Network Optimization Software Modeling Software Forecasting Software Supply Chain Network Software 102

AIMMS

JANUARY 20, 2020

Network Design : while our clients have been using AIMMS to build their own network design applications for decades, our off-the-shelf and easy to use network design applications were released in 2017. Another area we are working on is Multi-Echelon Inventory Optimization. DDMRP is also interesting.

Supply Chain Planning Software 156

Supply Chain Planning Software AIMMS Supply Chain Design Software Prescriptive Analytics Software 156

Supply Chain Shaman

JUNE 30, 2018

Energizer and Unilever are driving the fastest rates of improvement and Clorox and P&G improvement rates are the slowest on the Metrics That Matter of Growth, Operating Margin, Inventory Turns, and Return on Invested Capital (ROIC)). Average Performance Metrics for Consumer Nondurable Industry for the Period of 2010-2017.

Supply Chain Design Software 161

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 161

Logility

OCTOBER 25, 2018

All totaled we are looking at a Halloween budget of $9B, about the same amount spent on Halloween in 2017. The cost of over forecasting is severe. When you boil it down, a product’s shelf life is very short and if you don’t sell it, that inventory will be discounted shrinking already razor thin margins. on costumes, $2.7B

Supply Chain Planning Software 153

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply and Demand 153

Kinaxis

APRIL 4, 2017

As we get ready to take a deep breath after an exciting start to the year, we thought some cheesy supply chain humor would help us relax as we gear up to take on the rest of 2017. I apologize beforehand to all supply, demand and capacity planners, sales, engineers and statistical forecasters. We hope you enjoy! They’re overloaded.

Gartner 182

Gartner Supply Chain Software Supply Chain Supply and Demand 182

Logility

AUGUST 7, 2017

At the top of the Gartner Hierarchy of Metrics is “Demand Volatility” reflecting that forecast accuracy (Read Eight Methods that Improve Forecasting Accuracy white paper) has the largest direct effect on the allocation of available capacity and resources. Related Content.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

AFFLINK

FEBRUARY 2, 2017

But here we’ve found six trends that we expect will emerge — or continue to flourish — in supply chain management in 2017: 1. In 2017, that dynamic will continue changing as CFOs, CEOs, and investors come to play a more regular role in valuing and risk assessment in the supply chain. Breaking Down Siloes. Further Utilization of loT.

Supply Chain Software 48

Supply Chain Software Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Strategy 48