GlobalTranz

DECEMBER 22, 2020

In the first half of the year, panic buying drove supply and demand imbalance across the supply chain and caused truckload capacity to tighten. The e-commerce surge tightened truckload, LTL , and small parcel capacity, delaying deliveries, and driving up rates. Home baking was another trend that tightened capacity.

Forecasting 156

Forecasting Forecasting Software Freight Inventory Reduction 156

ToolsGroup

MARCH 24, 2021

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

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. We explore the concept of holistic inventory strategies focused on the form and function of inventory. Instead, we need to Jump. The So What?

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

Logility

OCTOBER 29, 2021

Process manufacturers in particular, with their reliance on a consistent ingredient mix, have unique challenges that require accurate forecasting to keep up with manufacturing demand. Is inventory keeping up with demand? Granular forecasting at the SKU level. What seasonal factors affect your business?

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

ThroughPut

MARCH 24, 2024

Demand planning and forecasting in the traditional sense relied heavily on a combination of limited and biased data and gut instinct. Excess inventories lead to excess wastage. Not limiting this ability to just rectifying errors, analytics can also be leveraged into demand forecasting and profit generation.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Supply Chain Shaman

APRIL 16, 2024

With the evolution of eCommerce, shifts in regional preferences, complexities of product portfolios, decline in forecastability, and increase in demand and supply variability, supply chain planning is more challenging. Focus on improving operating margin, inventory turns, and revenue/employee simultaneously. Reduce demand latency.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

New Horizon Supply Chain Blog

AUGUST 30, 2023

Introduction I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. Inventory metrics are less intuitive, but ever since U.S. The link between forecast accuracy and corporate goals is less clear.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

BlueYonder

JULY 6, 2023

Market-based demand forecasting to help you predict localized demand and placement of inventory Retailers are facing increasing pressure to offer affordable, reliable, and frictionless customer experiences. Read on below for a Part 2 summary of the conversation and then go hear it straight from them on the Blue Yonder Live.

Forecasting 66

Forecasting Forecasting Software Demand Planning Software Supply and Demand 66

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 247

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 247

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. Promotion management.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

ToolsGroup

APRIL 20, 2023

By implementing ToolsGroup Service Optimizer 99+ (SO99+) , Gaviota has achieved the supply chain trifecta – lower inventory, higher service levels, and improved operational performance. Read Gaviota’s full story and discover the secrets behind ToolsGroup’s unique probabilistic forecasting and inventory management solutions here.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software ToolsGroup Supply Chain Planning 156

NC State SCRC

DECEMBER 15, 2022

However, I’ve been hearing more and more stories about how the rapid over-expansion of many brands and retailers in 2021 has proven to result in all kinds of problems, specifically around additional inventory, excess capacity, and over-expansion of the workforce.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Manufacturing Procurement 52

ThroughPut

JUNE 12, 2023

As a result, the forecasting errors in logistics have only multiplied ever since the pandemic and with conventional forecasting models failing to insulate you against underutilization, revenue loss and missed business opportunities, you need to don the Batman’s cape to save the day!

Forecasting 52

Forecasting Modeling Forecasting Software Optimal Sourcing 52

New Horizon Supply Chain Blog

JULY 15, 2022

I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. Inventory metrics are less intuitive, but ever since U.S. The link between forecast accuracy and corporate goals is less clear. Introduction.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

BlueYonder

JUNE 29, 2023

Market-based demand forecasting to help you predict orders and resources Retailers are facing increasing pressure to offer affordable, reliable and frictionless omni-channel fulfillment experiences. This customer example is just the beginning of a whole new way of retail and grocery planning solutions that we call Fulfillment Forecasting.

Forecasting 53

Forecasting Forecasting Software Resource Reduction Meeting 53

ThroughPut

JUNE 12, 2023

Forecasting has forever been at the heart of efficient supply chain operations – driving the much needed predictability to source raw materials, manufacture products and fulfill customer needs at the right time, right place and in the right quantity. Clearly, supply chain forecasting has become more complex.

Forecasting 52

Forecasting Sourcing Strategies Agile and Lean Supply Chain Cost Reduction Strategies 52

ToolsGroup

JULY 26, 2016

Most CPG companies have hit a demand forecasting ceiling. And complexity creates a challenge of how to forecast accurately when faced with new items, new channels and demand shaping. Recent evidence strongly suggests that traditional forecasting techniques in this environment have reached their limits and hit a ceiling.

Forecasting 120

Forecasting Supply and Demand Optimal Sourcing Inventory Reduction 120

ToolsGroup

JULY 27, 2021

No forecast can predict the future with absolute certainty. For uncertain demand environments, probabilistic forecasting is the most reliable forecasting method because it takes inaccuracy and uncertainty into account. Sense Consumer Demand to Fine-Tune Forecasts. Make Sure Your Inventory is Healthy.

Agile and Lean Supply Chain 290

Agile and Lean Supply Chain Supply and Demand Supply Chain Planning Software Gartner 290

Logistics Viewpoints

FEBRUARY 3, 2022

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?

Inventory Reduction 290

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 290

Logility

JULY 5, 2023

Here are 3 examples: Enhanced Demand Forecasting Accurate demand forecasting is the cornerstone of effective supply chain planning. By employing deep learning techniques, generative AI models can recognize patterns and correlations that may elude traditional forecasting methods.

Supply Chain Planning Software 191

Supply Chain Planning Software Supply Chain Planning Modeling Scenario Planning 191

Logistics Viewpoints

APRIL 10, 2023

Or, alternatively, a company carries too much inventory, storage for excess inventory must be purchased, and cash flows become tight. This warehouse provides inventory storage for goods not yet ordered that will ship later. Jordan oversees a team of eight that does the demand, inventory, and production planning.

Security 198

Security Supply Chain Planning Jordan Forecasting 198

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. So, I asked the questions, “Is your data forecastable?

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

ToolsGroup

JANUARY 7, 2020

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits.

Inventory Reduction 194

Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

DELMIA Quintiq

APRIL 6, 2020

The key challenge is to not over-produce and stock up on excessive inventory , but at the same time be ready for summer by securing on-shelf availability and fulfillment. Dr. Rob Hyndman, forecasting expert at Monash University in Melbourne, Australia, recently wrote in his blog ( [link] ) the methods used to forecast the spread of COVID-19.

Scenario Planning 296

Scenario Planning Supply Chain Planning Software Food Modeling 296

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

ToolsGroup

JANUARY 30, 2024

Optimize inventory productivity across all channels with JustEnough v2023.4 we have advanced our wholesale planning capabilities so that users can explicitly address key planning functions needed to fully optimize inventory productivity. Wholesale channels are no longer a backup channel for retailers. In our latest release, JE 2023.4,

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 156

Vanguard Software

JUNE 1, 2021

These companies struggle to stay afloat in their respective industries as competitors utilize modern solutions that leverage AI for demand forecasting and supply chain management. How do organizations harness the power of data and algorithms for better demand forecasting? and prescribe the appropriate forecasting model.

Forecasting 52

Forecasting Modeling Forecasting Software Demand Planning Software 52

Logility

AUGUST 31, 2021

However, inventory optimization for beverage brands can help these organizations overcome such challenges with greater ease and speed. This basic replenishment tactic does not provide the accuracy and visibility needed to drive greater efficiency, ensure a right-sized inventory, improve customer service, and expand product sales.

Modeling 130

Modeling Beverage Inventory Reduction Supply Chain Optimization 130

Unleashed

OCTOBER 8, 2018

An unconstrained demand forecast might seem over optimistic, but for a business to take full advantage of market growth opportunities it is essential to dream big. What is a constrained forecast? Think of a constrained forecast as supply-side focused. Think of a constrained forecast as supply-side focused.

Forecasting 56

Forecasting Forecasting Software Demand Planning Software Supply and Demand 56

ThroughPut

AUGUST 24, 2021

Conditions of erratic demands, long-period metrics, and unavailability of raw materials have brought forth a plethora of problems, such as – Trouble Managing Capacity : With high peaks and troughs in demand for goods, capacity management has become a key concern. Excess Inventori es : Excess inventories lead to excess wastage.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

DELMIA Quintiq

JANUARY 11, 2021

However, gradually complex manufacturing environments may prove to be a challenge for those who struggle with demand forecasting accuracy. It is crucial for wire and cable manufacturers to optimize forecasting and production capacity. This ensures that planners end up with the most optimal and efficient plan.

Modeling 268

Modeling Scenario Planning Optimization Modeling Supply Chain Optimization 268

ThroughPut

SEPTEMBER 1, 2020

What is Logistics Forecasting? Logistics demand forecasting is the process of accurately anticipating the demand for products, services, and shipments throughout the supply chain. Why is Logistics Forecasting a Complex Process? Are you Forecasting Logistics Accurately? Demand Exception Management-.

Forecasting 52

Forecasting Forecasting Software Price Reduction Waste Reduction 52

Supply Chain Movement

NOVEMBER 1, 2018

In our attempts to anticipate future changes in demand, we often depend on forecasts. According to a well-known saying, ‘forecasting is difficult, especially about the future,’ and this is sometimes extended along the lines of ‘especially when it’s about details’. So it’s not surprising that these forecasts are chronically unreliable.

Forecasting 68

Forecasting Forecasting Software Predictive Analytics Software Supply Chain Planning Software 68

Logility

NOVEMBER 28, 2023

According to experts in our webinar, “ How AI-Driven Insights Can Save Your S&OP Before it is Too Late ,” advanced AI technologies, such as ChatGPT and Narrow AI, have an incredible capacity for translating complexity into informed decisions that drive profit and growth. AI can help with that.”

S&OP 130

S&OP Supply and Demand Supply Chain Planning Software Scenario Planning 130

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Unleashed

MAY 25, 2023

Do you know your optimal inventory levels? Inventory planning enables you to order the right stock at the right time to meet demand and prevent overstocking. What is inventory planning? It is a key function of modern inventory management. Let’s take a quick look at some of the core benefits of inventory planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52