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Asking the Right Questions Is The First Step To Drive Supply Chain Excellence

Supply Chain Shaman

Let me share some and see what you think: Does forecast ownership make a difference in outcomes? Instead of asking what makes a good forecast and how to measure the impact of forecast performance, companies pass forecasting responsibilities around the organization like kids with a hot potato at summer camp.

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The Big Sigh

Supply Chain Shaman

Analyze the Coefficient of Variation (COV) at different points in the demand hierarchy to understand forecastability, and analyze the bias, FVA and latency of the current plan. He was also unaware of how to measure Forecast Value-Added, the Bullwhip impact and the health of inventory. We discussed how to do this testing.

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Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Here I share insights on how to get started using a four-step process. Determine Forecastability and Forecast Value Added (FVA). Executives will ask, “What is a good target for forecast error?” The answer is much like how long are a man’s legs. Then analyze Forecast Value Added (FVA).

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A Story of Throwing the Baby Out With The Bathwater in Supply Chain Planning

Supply Chain Shaman

An enlightened leadership team wanted to be sure that the organization knew how to make money through bi-directional orchestration of the bill of materials. The organization is not clear on the role of the forecast. In discussions, the role of the forecast and the budget are intertwined without clarity. Take the High Road.

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How to Mitigate Supply Chain Disruptions with Mobile Barcoding

RFgen

In fact, the National Association of Manufacturers is forecasting that 2.1 million manufacturing jobs could go unfilled by 2030. WATCH THE VIDEO: How CarlisleIT digitally transformed to solve labor issues ». Proper forecasting and planning are foundational elements in effectively alleviating global supply chain disruptions.

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Bringing Order to Chaos: Last-Mile Delivery Costs and How to Reduce Them

Locus

Read also: How to Calculate the Cost of Transport 2. Emissions from urban last-mile deliveries are predicted to increase by 30% in 100 cities globally by 2030. Read also: What Makes Every Delivery More Efficient Than the Last How to reduce delivery costs of last-mile?

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A River Runs Through It…

Supply Chain Shaman

Shifting demand increases cost and complexity while shaping demand increases market share or baseline forecast demand for the product. There are many misconceptions that must be challenged: 1) Demand Management Is Forecasting. 2) One-Number Forecasting. Demand for products/services is not unlimited. It is finite.