Supply Chain Shaman

FEBRUARY 16, 2024

Before reading this post, consider reading my prior blog post, Don’t AI This. ” I believe that the focus should be improving reliability (Forecast Value Added (FVA), first pass tender and yield, and manufacturing schedule adherence) while decreasing process, demand, and data latency. Or transform work?” How about you?

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 374

Logistics Viewpoints

SEPTEMBER 20, 2022

In this blog, I’ll try to shed more light on it with examples from our work with our customers. In this blog, I’ll focus on the Q-commerce case. In the first phase of the digital transformation journey, the focus is on getting the planning process and all the related data on a digital and integrated platform away from the spreadsheet.

Supply Chain Planning Software 194

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 194

My Office Apps

JANUARY 22, 2024

Out with the Old, In with the Efficiency: Choose the Right Inventory Management Software for a Profitable New Year As the confetti settles and resolutions take flight, it’s the perfect time to give your business a refresh. But navigating the vast options of Inventory Management Software (IMS) can feel daunting.

Inventory Management Software 84

Inventory Management Software Optimization Software Forecasting Software Supply Chain Planning Software 84

Supply Chain Shaman

OCTOBER 8, 2019

This blog post formed in my head as I worked with clients this month. 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.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

ToolsGroup

AUGUST 3, 2020

It’s notoriously difficult to optimize inventory for aftermarket parts. Probability forecasting offers a more accurate way of predicting customer behavior and staying prepared, especially for items with long-tail demand. Read on for our five inventory optimization secrets for aftermarket parts.

Inventory Reduction 156

Inventory Reduction Waste Reduction Optimization Software Supply Chain Optimization 156

ToolsGroup

JUNE 14, 2022

People are still taking advanced tools and downloading them into spreadsheets (you know who you are!) Lower inventory = better cash flow, freed-up working capital. Probabilistic forecasting is also an emerging requirement for retail planning. Probabilistic forecasting in the spotlight. Today there are 3.5

Gartner 156

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 156

ToolsGroup

MAY 1, 2018

leaving money on the table due to poor inventory performance. In this blog we’ll explain why it’s important to move to stage 3 and three things you can do to execute a plan. In this stage, retailers hire demand planners to create more accurate forecasts by using point-of-sale data and online transaction history.

Gartner 180

Gartner Supply and Demand Optimal Sourcing Forecasting 180

AIMMS

FEBRUARY 16, 2021

If you look at the continuum of your supply chain processes, all the way from supply to customer, S&OE falls somewhere between production and workforce scheduling and demand forecasting. Over 75% of respondents are using homegrown spreadsheets, which are highly manual, or their ERP, which cannot complete account for complex constraints.

Modeling 311

Modeling Scenario Planning Supply Chain Planning Software S&OP 311

Logility

MARCH 12, 2021

Better forecasting and demand planning processes, which in the past had been beset by low accuracy and poor adoption, were a priority. The spreadsheet reports took a month to produce and used all the capacity of two IT staff members. Sure, forecasting is the mainstay of demand planning. Teams were disappointed.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

ToolsGroup

SEPTEMBER 8, 2021

This goes back to how many organizations utilize traditional, demand-driven forecasting , which is heavily focused on forecast accuracy regardless of the fact that your demand forecast is always wrong. Well, as with any supply chain planning process, you start with a forecast. Higher customer satisfaction/service levels.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Forecasting 156

ToolsGroup

MAY 11, 2020

Balancing high service levels with inventory. The company needed to raise its service levels while maintaining or reducing its available inventory. The company had no tool capable of dynamic forecasting, and the burden of accounting for fluctuations in demand fell to planners working with spreadsheets. Help Arrives.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Software Supply Chain Planning Procurement Solutions 156

ToolsGroup

SEPTEMBER 17, 2019

Demand forecasting augmented by machine learning helps you better meet customer expectations with reduced inventory investment . The ultimate impact of a good–or poor–understanding of seasonality is on finding optimal inventory levels to balance cost and service. . By Alex Achour.

Supply and Demand 159

Supply and Demand Demand Planning Software Forecasting Forecasting Software 159

Logistics Viewpoints

DECEMBER 15, 2022

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. This blog will review how category managers and supply planners can use cluster analysis to make smarter decisions and grow sales. What is Cluster Analysis?

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

EazyStock

NOVEMBER 19, 2020

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on time.

Optimal Sourcing 98

Optimal Sourcing Negotiating Skills Inventory Reduction Purchasing Skills 98

AIMMS

NOVEMBER 12, 2019

In this blog post, I’ll explore why and offer a helpful alternative. . Do you need a lot of models to develop a statistical forecast? I f you’re looking for i nventory software, a high – level capability might be: we want to manage inventory. Define inventory policies . Plan and optimize our inventory .

Procurement Solutions 252

Procurement Solutions Supply Chain Planning Software Modeling Software Supply Chain Software 252

ToolsGroup

APRIL 25, 2019

Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. The forecast generated by these algorithms degrades as the demand patterns evolve over time.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Arkieva

JANUARY 6, 2017

Over the past year, the Arkieva Supply Chain Link Blog provided thought leadership and informative posts on supply chain strategy tips, trends, and news. Here is a list of the Top 20 Supply Chain Strategy Blog Posts from 2016. So, as I sit down to write this blog, I wonder what are some of the things that make supply chains excellent?

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

SYSPRO Smarter ERP

MAY 4, 2022

Complete halts result in backlogs and delays, which will impact warehouses and more importantly, their inventory management. Inventory takes many forms, ranging from raw materials to finished goods. Inventory exists because a buffer is needed to balance out the uncertainties between demand and supply. Survey findings.

Inventory Management Software 105

Inventory Management Software Inventory Management Inventory Reduction Inventory 105

ToolsGroup

JUNE 15, 2020

Despite this, many companies do not have the right planning technology to help meet these goals—often relying on spreadsheets to do planning—and business cases for planning software often lack clear ties to business-level benefits to justify the investment. As you work through the business case, add necessary detail.

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Forecasting Software 319

Enterra Insights

JUNE 22, 2022

The irony of excess inventory. Reporters from Bloomberg explain, “A nationwide inventory glut has led to unexpected bargains for U.S. Excess inventory was also caused by the Bullwhip Effect. ” Optimizing inventory. trillion because of mismanaged inventory.”[7]

Inventory Reduction 130

Inventory Reduction Inventory Prescriptive Analytics Software Inventory Management Software 130

SYSPRO Smarter ERP

JUNE 28, 2023

Large enterprises have long understood the benefits of ERP technology in essential processes such as procurement, planning and inventory control, but for smaller businesses, it can feel like an unnecessary or extravagant investment. The post Why small businesses should invest in ERP appeared first on SYSPRO Blog.

Analytics Software 98

Analytics Software Supply Chain Planning Software Vendor Strategies Inventory Management Software 98

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Modeling 98

Modeling Optimization Software Inventory Reduction Optimization Modeling 98

DynaSys

MARCH 18, 2022

The rise of Sales, Inventory, and Operations Planning (SIOP). Sales, inventory and operations planning (SIOP) means succinctly integrating sales, marketing, supply chain, operations, product management, procurement, pricing, and financial data with the executive team’s effective decision-making capabilities. Implications Ahead.

S&OP 59

S&OP Optimal Sourcing Supply Chain Planning Software Inventory Reduction 59

Vanguard Software

MAY 18, 2021

Digital platforms offer significant benefits over spreadsheets for inventory management. Yet, many companies are still using Excel to handle their forecasting and planning because it is familiar, and processes may be perceived as challenging to change. Shortcomings of Using Excel for Inventory Management.

Inventory Management Software 52

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory Reduction 52

Vanguard Software

MAY 18, 2021

Digital platforms offer significant benefits over spreadsheets for inventory management. Yet, many companies are still using Excel to handle their forecasting and planning because it is familiar, and processes may be perceived as challenging to change. Shortcomings of Using Excel for Inventory Management.

Inventory Management Software 52

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory Reduction 52

OptiProERP

JANUARY 17, 2024

Depending on a variety of factors, manufacturers are relying on everything from manually produced spreadsheets to inflexible legacy ERP systems all the way to “smart manufacturing” approaches utilizing IoT and even IIoT. How do we integrate production, operation, sales and financial data to improve planning and forecasting?

Analytics Software 52

Analytics Software Optimization Software Supply Chain Design Software Supply Chain Planning Software 52

ToolsGroup

MARCH 24, 2021

At first the planners were sceptical as the forecast looked almost too good to believe. However, the forecasts that SO99+ produced for July-November proved to be almost spot-on and this increased the teams’ trust, not only in SO99+ but also the data model built. This was essentially a shift from B2B to B2C channels.

Modeling 177

Modeling Supply and Demand Supply Chain Disruption Supply Chain Planning Software 177

SYSPRO Smarter ERP

MARCH 21, 2022

Unless manufacturers change, they will find that their ability to forecast demand, and determine what to do to meet it, will be challenging. Primarily this meant increasing inventories as opposed to other strategies like nearshoring. In fact, 73% of supply-chain functions were still using spreadsheets!

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Forecasting Software 116

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. They will aim to have enough stock to avoid stockouts, but not so much that they end up with obsolete stock or high inventory values.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. They will aim to have enough stock to avoid stockouts, but not so much that they end up with obsolete stock or high inventory values.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

crisp

SEPTEMBER 17, 2022

As Justin explains, “We thought keeping up with sales during a pandemic buying was tough…but what’s more difficult is keeping distributors stocked amidst labor shortages, supply chain challenges, and the rising cost of carrying inventory and logistics.”. He uses Crisp’s Voids and Inventory dashboards to problem-solve.

North Dakota 97

North Dakota Modeling Inventory Reduction Just-in-Time 97

ToolsGroup

FEBRUARY 7, 2021

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. Check out the video below. Or listen and follow on Spotify. Transcript.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

Herlitz Inventory Management

JANUARY 18, 2023

What is Demand Forecasting? Demand forecasting is a vital activity for wholesale and retail purchasing teams. It helps ensure they will have adequate inventory available to meet future demand and avoid stockouts. Demand forecasting is a process that helps retailers and wholesalers predict future consumer demand.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Procurement Solutions 52

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Inventory Management Software 98

Inventory Management Software Inventory Management Procurement Solutions Forecasting Software 98

Kinaxis

FEBRUARY 8, 2018

In my earlier blog , I examined common obstacles organizations face when bringing together finance and supply chain operations. Combining rolling forecasts and S&OP to streamline business processes. Demand planning: Creating a demand plan based on forecasts and any demand-shaping activities (e.g.

Modeling 185

Modeling Supply Chain Planning Software S&OP Supply and Demand 185

EazyStock

MARCH 22, 2022

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. Consequences of poor demand forecasting. Use appropriate historical data.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

EazyStock

FEBRUARY 7, 2020

Inventory Management, Business Growth & Expanding Product Portfolios. At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. In this three-part blog series we’re looking at each of these inventory management problems.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Management Software Forecasting Software 52