Logistics Viewpoints
MARCH 27, 2023
When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely!
EMERGE App
FEBRUARY 23, 2020
What is Inventory Forecasting? Wait, what has this got to do with inventory forecasting? So, for the majority of small and medium businesses, inventory forecasting is simply an inventory reordering strategy to ensure that your stock levels are in the Goldilocks zone. And it is critical for inventory forecasting.
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ShipBob
JULY 9, 2021
And since an ecommerce supply chain consists of several moving parts, how does an online brand go about supply chain forecasting, so they can make better predictions and decisions? There are several supply chain forecasting methods that businesses of all sizes can use that doesn’t involve hiring a psychic. Download the Guide.
Supply Chain Shaman
SEPTEMBER 10, 2023
Comparison Overtime with Supply Chain Planning Implementations % of Inventory as Safety Stock Forecastablity Leadtime My Experience with Rolling Out Supply Chain Planning in the 1990s 50-55% 85-90% of items were forecastable with a COV less than.3 Instead, the focus was on error assuming that items at a location level (SKU) were forecastable.
ThroughPut
MAY 13, 2022
In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.
ThroughPut
MAY 13, 2022
In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. . Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.
Logistics Viewpoints
FEBRUARY 28, 2022
Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. Having an agent detect how long it takes to ship from a supplier site to a manufacturing facility, and then doing a running calculation on how the average lead time is changing, is trivial math. But that was pre-COVID.
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