QAD
APRIL 10, 2024
The adoption of demand forecasting tools can help overcome the challenges of demand fluctuation in a timely manner. A reliable system should provide accurate forecasts and recommendations to optimize inventory management and prevent unnecessary costs. However, ensuring the quality of a forecast is not an easy task.
ThroughPut
MARCH 25, 2024
Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. What is Demand Forecasting?
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Logility
APRIL 21, 2020
The ability to effectively forecast demand is essential for supply chain management decisions. In fact, demand forecasts are used throughout the supply chain including supply chain design, purchasing, operations, inventory, and sales and marketing. procurement, operations, inventory, sales and marketing). So what’s the upside?
SYSPRO Smarter ERP
MARCH 15, 2023
Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. To manage this delicate balance of demand and supply, manufacturers often use statistical forecasting techniques to predict future demand by looking at historical sales data.
OptiProERP
SEPTEMBER 21, 2023
Inventory forecasting, or demand forecasting, estimates future inventory levels needed using past data, upcoming events, and market trends. Inventory forecasting ensures manufacturers have the proper inventory to meet customers’ needs while minimizing excess inventory costs. Let’s look at the benefits of inventory forecasting. 
Supply Chain Shaman
NOVEMBER 15, 2023
The essence of the question is resilience and the ability to forecast in a variable market reliably. This gets us to the question of what is the role of the forecast?` For most, forecasting is a conundrum full of potholes, politics, and bias. When he speaks of the supply chain, he means procurement. This is his world.
Supply Chain Shaman
MARCH 21, 2024
In my first classes, I taught the group how to speak the language of demand—forecastability, Forecast Value Added (FVA), backcasting, demand and market latency, and market drivers. The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. Instead, we need to Jump. The So What?
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