Supply Chain Shaman

OCTOBER 11, 2023

Today, it is a skewed distribution with only 7% of manufacturing and retailers claiming to be innovators to drive first-mover advantage through technology. I often laugh when companies ask me to define a good forecast. No network provider is driving interoperability between networks or break through thinking in outside-in processes.

Supply Chain Planning Software 379

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 379

Supply Chain Opz

JANUARY 7, 2013

Case Studies. A Case Study. This case study will show you the analysis of Apple Supply Chain core processes, challenging issues and complexities of its operations. Information about Apple Supply Chain is a bit here, there and everywhere, its kinda tough to find the actual case study.

Case Study 279

Case Study Study Negotiating Skills Supply Chain Planning Software 279

ThroughPut

OCTOBER 7, 2022

Step Up Demand Planning Efforts with a Robust Forecasting Model . Demand forecasting can be a game changer in today’s volatile environment. Infact, according to McKinsey , applying AI-driven demand forecasting to supply chain management can cut down errors by 20-50% and this helps reduce lost sales by 65%.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

ToolsGroup

NOVEMBER 9, 2023

With ToolsGroup’s AI-powered demand forecasting, the plant-based food innovator revolutionizes its supply chain, maximizing accuracy, speed, and business performance. For more information about how AI-powered probabilistic forecasting lays the foundation for supply chain growth, read the full case study here.

ToolsGroup 156

ToolsGroup Supply Chain Transformation Supply Chain Planning Software Optimal Sourcing 156

ToolsGroup

SEPTEMBER 13, 2023

Probabilistic planning uses probability theory to forecast demand and optimize inventory. Probabilistic Forecasting Your forecast is the foundation of your supply chain planning process, and the key to forecast accuracy is probabilistic forecasting. New to probabilistic forecasting?

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

Supply Chain Shaman

JUNE 21, 2023

Many of the case studies being presented at today’s conferences were born during the pandemic and the post-pandemic turbulence. One of my insights from doing the industry analysis for the Supply Chains to Admire each year is that smaller and less well-known companies outperform larger and better-known manufacturers.

Gartner 346

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 346

Vanguard Software

MAY 4, 2021

However, there are quite a few ways to improve demand forecast accuracy. Here are seven ways to improve demand forecast accuracy for increased operational efficiency and profit. The Business Case for Demand Forecasting. The first step in the forecast process is to determine assumptions, or starting values.

Forecasting 52

Forecasting Forecasting Software Supply and Demand Modeling 52

Vanguard Software

MAY 4, 2021

However, there are quite a few ways to improve demand forecast accuracy. Here are seven ways to improve demand forecast accuracy for increased operational efficiency and profit. The first step in the forecast process is to determine assumptions, or starting values. Produce a range of forecasts. Webinar: Register Now.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Supply Chain Shaman

SEPTEMBER 13, 2023

Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” I find 80-90% of companies are degrading the forecast through traditional thinking.) Solving from a supply side seems to work for many companies I work with.

Supply and Demand 370

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 370

ToolsGroup

MARCH 28, 2024

Pace first saw the value of the ToolsGroup solutions at the time when he was CEO of PittaRosso, another large Italian retailer of shoes, an experience which has eventually been published as a Harvard Business School case study.

Italy 156

Italy ToolsGroup Inventory Reduction Price Reduction 156

ToolsGroup

SEPTEMBER 26, 2023

EvoAI achieves Quantum Learning Evo HBR article Evo Harvard case study About ToolsGroup ToolsGroup, a global leader in retail and supply chain planning and optimization software, is backed by leading tech-focused private equity fund Accel-KKR.

ToolsGroup 296

ToolsGroup Prescriptive Analytics Software Supply Chain Planning Software Modeling 296

The Smart Software

APRIL 9, 2024

Big Ass Fans is the best-selling big fan manufacturer in the world, delivering comfort to spaces where comfort seems impossible. BAF was experiencing a gap between bookings forecasts vs. shipments, and this was impacting revenue and customer satisfaction BAF turned to Smart Software for help.

Demand Planning Software 87

Demand Planning Software Forecasting Software Supply Chain Planning Software Network Optimization Software 87

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing. It then uses this model to understand the impact of demand forecasting on inventory.

Optimal Sourcing 136

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling 136

Supply Chain Game Changer

NOVEMBER 23, 2018

The application of advanced forecasting and planning methodologies improve inventory management in a critical, high-volume repair business, dramatically reducing costs and fulfillment cycles while improving customer satisfaction. Difficulties forecasting demand in a high-volume repair environment caused inventory costs to skyrocket.

Optimal Sourcing 43

Optimal Sourcing Reverse Logistics Case Study Modeling 43

Supply Chain Game Changer

MARCH 19, 2019

The Planning and Budget cycle within most companies must start with a forecast of future sales and revenue. The Sales and Marketing team is usually responsible for pulling that forecast together. They are likely to pull together several sources of data in order to create that revenue forecast. A Sales Forecast Gone Badly Wrong.

Forecasting 50

Forecasting Supply Chain Planning Supply Chain Design Supply Chain Optimization 50

ThroughPut

JANUARY 4, 2024

Embark on an enlightening expedition into manufacturing process enhancement, where the thin line between triumph and defeat often hinges on a singular juncture within the production sequence. This guide will take you on a journey through the fascinating and sometimes frustrating world of bottlenecks in manufacturing.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Waste Reduction Cost Reduction Strategies 52

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing. It then uses this model to understand the impact of demand forecasting on inventory.

Optimal Sourcing 120

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling 120

Supply Chain Shaman

OCTOBER 12, 2017

I get the fact that today’s forecasts are not good enough to drive replenishment, and that rules-based consumption to translate monthly demand to daily demand was a mistake. They calculate the buffer based on what is close to a naive forecast based on incoming orders. (In In my simple mind, I think of this as a forecast… ).

Supply Chain Planning Software 286

Supply Chain Planning Software Forecasting Software Demand Planning Software Supply Chain Software 286

Supply Chain Shaman

JANUARY 9, 2019

In Figure 1, I share a case study from a client engagement. The use of a conventional supply chain tool to forecast this demand resulted in the degradation of the forecast by 14%. One of the most read case studies written for my first book, Bricks Matter, is a case study on managing item complexity.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Case Study Forecasting Software 259

ToolsGroup

APRIL 13, 2020

We have 135 restaurants, four distribution centers, and we also manage three manufacturing facilities, with more than 5,000 SKUs, and we deliver to each restaurant up to three times a week. Rafael: The main two challenges we’ve had are volume, in our case reduction, and the forecast uncertainty.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Optimization 296

Logistics Bureau

MAY 24, 2019

The following five mini case studies explore a few high-profile companies that have managed to sustain their supply chain cost-reduction efforts and keep expenses under control. One of the world’s largest manufacturers of computer chips, Intel needs little introduction. Deere & Company.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54

Supply Chain Shaman

JANUARY 21, 2014

.> Unfortunately, companies have invested money in traditional forecasting processes believing that if they make the forecast better that corporate performance will improve. Improving forecasting is not sufficient. It is about much more than conventional forecasting. Forecastability. New Terms to Know.

Supply and Demand 323

Supply and Demand Modeling Demand Planning Software Forecasting 323

Supply Chain Shaman

SEPTEMBER 28, 2022

As a result, companies are writing new case studies through their actions or inaction. Based on the current issues with material shortages, labor issues, electrical costs and outages, weather events, and water availability, I forecast an equal level of disruption for the next three years. These capabilities do not exist at Ford.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

QAD

MARCH 30, 2023

Manufacturers may not think they have much in common with the retail companies beyond producing the products that stock store shelves, but there could be a lot to learn from the latter as the manufacturing headwinds of the last few years carry into 2023. Walmart Has Embraced RFID Technology – Should You?

Manufacturing Procurement 92

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 92

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

In extreme cases, firms simply state that a product comes from one country when, in actual fact, it was manufactured in a country that is impacted by the higher tariff being imposed. Alternatively, you may want to relocate – totally or in part – where your product is manufactured. This practice is illegal. Postponement.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

Where usually all beer manufactured in Singapore is made using imported raw materials, this model of brewing would completely eliminate that need for beer making imports. Linking manufacturers and other industries together into a circular economy ecosystem is still a struggle in this digitally connected time. MORE FROM THIS EDITION.

Manufacturing Procurement 245

Manufacturing Procurement Material Savings Singapore Waste Reduction 245

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. The demand latency for a semiconductor manufacturer is 180-220 days, while a chemical manufacturer has a latency of 150-280 days.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

ToolsGroup

AUGUST 11, 2020

Most use ‘forecast accuracy’ as the main KPI to do this. After all, customers only care about whether they’ve received their orders , not whether your demand forecast is accurate. But…but…you might protest, isn’t an accurate forecast an indicator of our ability to fill orders? And herein lies the misunderstanding.

KPI 156

KPI Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software 156

Supply Chain Shaman

OCTOBER 8, 2017

On one extreme, there is an argument that forecasts are always wrong, “Why do them at all?” ” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” I do believe in demand planning, but most companies overstate forecast improvements.

Supply and Demand 156

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 156

Vanguard Software

APRIL 2, 2021

Throughout 2020, manufacturing supply chains took a hit because of constraints around the COVID-19 pandemic. We expect to see four trends in 2021 as manufacturing supply chains respond to demand and adjust to the new realities of this uncertain time. MicroVention Case Study. Download Case Study.

Manufacturing Procurement 52

Manufacturing Procurement Modeling Supply Chain Planning Software Agile and Lean Supply Chain 52

AIMMS

JANUARY 9, 2018

We are a manufacturer of premium entry systems, such as revolving doors and security access gates. We were trying to optimize the workload between these factories to have our manufacturing be as efficient as possible. He gathered and looked at the data and would produce a forecast based on previous experiences.

S&OP 240

S&OP Supply and Demand AIMMS Supply Chain Planning Software 240

Supply Chain Shaman

OCTOBER 8, 2019

The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” 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? Background. Bias and error.

Supply Chain Design Software 183

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

Supply Chain Shaman

JUNE 29, 2022

We have heard that there is a focus on near-shoring, reshoring, and local manufacturing. Building a fab (manufacturing site) takes two-to-four years and requires the availability of water and trained labor. My forecast is a lumpy road to 2023 and port-related supply chain disruptions for at least a year. Prepare for a slog.

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Say you’re a manufacturer , refining your production and capacity planning.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Kinaxis

DECEMBER 4, 2017

by Alexa Cheater Supply chain management without an operational forecast – is it possible? ditched operational forecasting in favor of a sense and respond supply chain, and the results speak for themselves. Check out the full case study, Where’s the easy button? TrinityRail, part of Trinity Industries, Inc.,

Forecasting 30

Forecasting Supply and Demand Forecasting Software Supply Chain Planning Software 30

SCMDOJO

APRIL 27, 2022

And numerous case studies of businesses show that by investing in better supply chain management , the prospect of business growth improves significantly. Design is the first step that happens in apparel manufacturing. Next, the raw materials are used to manufacture and put together the designs. Distribution.

Apparel 114

Apparel Supply Chain Design Software Supply Chain Design Supply Chain Optimization 114

Supply Chain Shaman

NOVEMBER 12, 2018

Retail forecasts are never a good source of data for the manufacturer. Before using, test the forecasts to understand the bias and error. Pat is a frequent speaker at APICS (now the Association for Supply Chain Management (ASCM) and IBF (Institute of Business Forecasting) events. Allergy Case Study.

Supply and Demand 167

Supply and Demand Modeling Inventory Reduction Manufacturing Procurement 167