Logistics Viewpoints

JUNE 8, 2022

It is hard to believe it has been two years since I was faced with forecasting WMS and warehouse automation market growth rates in the midst of the COVID-19 pandemic. These events make accurate forecasting very difficult. I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do.

Forecasting 218

Forecasting Modeling Supply and Demand Scenario Planning 218

Logility

SEPTEMBER 9, 2023

The need for more resilient supply chains and better demand forecasting was becoming more essential. With the rise of companies looking to implement AI into their supply chains, more accurate forecasts are within reach. What is Driver-Based Forecasting for Demand Planning? But how did we get here in the first place?

Forecasting 131

Forecasting Modeling Forecasting Software Supply and Demand 131

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting?

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

ToolsGroup

NOVEMBER 13, 2023

BOSTON and LONDON – November 14, 2023 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named the technology leader in the SPARK Matrix™ analysis of Retail Forecasting and Replenishment (RF&F) by Quadrant Knowledge Solutions (QKS). Bulgari, and Clas Ohlson.

Forecasting 156

Forecasting ToolsGroup Forecasting Software Supply Chain Planning Software 156

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?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

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. Companies can better understand important sales drivers and take action based upon them.

Forecasting 157

Forecasting Optimal Sourcing Forecasting Software Modeling 157

ToolsGroup

MARCH 3, 2022

Despite knowing all this, too many retailers ignore the impact of weather and this adds error to plans and demand forecasts. And even though meteorology has come a long way, weather is a notoriously fickle and uncontrollable factor, and no forecaster can reliably predict it beyond the next few weeks. It all evens out in the end.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

ToolsGroup

MARCH 16, 2023

We knew we could maintain and raise this level of service, limit waste, and improve profitability by adopting a solution that applies this innovative drive to our planning processes, streamlines collaboration, and increases forecast accuracy.” What makes ToolsGroup’s forecasting approach the most accurate?

Supply and Demand 156

Supply and Demand Forecasting Software Forecasting Supply Chain Planning Software 156

Logility

APRIL 21, 2023

Now that businesses have better access to predictive forecasting technologies that leverage data from the past and present, such a one-sided approach to forecasting, analytics, reporting, and planning is no longer justifiable. That disruption data is foundational for supply chain processes that companies build in the future.”

Forecasting 130

Forecasting Forecasting Software Supply Chain Planning Software Big Data 130

Logistics Viewpoints

JUNE 7, 2021

When companies implement a demand management or replenishment system, the goal is usually to improve customer satisfaction while holding less inventory. The implementation also involves leveraging weather data to improve forecasting. In 2017, Pinnacle Propane was acquired by a Dutch company, SHV Energy. This is also rare.

Forecasting 167

Forecasting Forecasting Software Optimal Sourcing Modeling 167

ToolsGroup

NOVEMBER 27, 2018

Editor’s Note: Two years ago we posted a blog about how to set an annual forecast accuracy target and it was one of our most popular topics. It seems as if everyone is looking to improve their forecasting performance. How much can you realistically expect to improve your forecast accuracy each year?

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

ThroughPut

MARCH 25, 2024

In supply chain management, accurately distinguishing between demand planning and demand forecasting is essential yet challenging. The consequences of conflating demand planning with demand forecasting are significant, impacting inventory management, customer satisfaction, and financial health. What is Demand Forecasting?

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Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

ToolsGroup

FEBRUARY 2, 2022

Here’s my forecast for what will progress this year against that vision: A major cloud provider – Google, Amazon, or Microsoft – will emerge as the dominant host of the open supply chain platform. In 2022 these, along with the probabilistic forecasting methods that they enable, will become mainstream supply chain planning tools.

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Supply Chain Planning Software Forecasting Software Forecasting Optimization Software 177

GlobalTranz

FEBRUARY 11, 2020

Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. The post [PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization appeared first on Transportation Management Company | Cerasis.

Forecasting 196

Forecasting Network Optimization Supply Chain Optimization Price Mitigation Strategies 196

Logility

AUGUST 14, 2020

Forecasting is an “inexact science” that relies on the data available to you, the math you use, and how you implement the forecast. And your forecasting success is fundamentally impacted by your understanding of that data, its strengths and limits. How you roll up your data for forecasting fundamentally impacts accuracy.

Forecasting 147

Forecasting Forecasting Software Demand Planning Software Modeling 147

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. Rules of thumb and techniques that were used only ten years ago cannot match the number-crunching applications that leading-edge companies are employing.

Forecasting 105

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 105

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. Rules of thumb and techniques that were used only ten years ago cannot match the number-crunching applications that leading-edge companies are employing.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 98

ThroughPut

MARCH 24, 2024

Companies that leveraged the data they collected to enable more accurate demand planning, distinguished themselves from their competitors. Demand planning and forecasting in the traditional sense relied heavily on a combination of limited and biased data and gut instinct. Why do you Need Modern Demand Sensing to Solve Modern Problems?

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

ToolsGroup

OCTOBER 14, 2020

Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. The tool is designed to help businesses grow by moving beyond spreadsheet-based forecasting and trial-and-error inventory management. Microsoft Azure customers worldwide now gain access to ToolsGroup ?Supply

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Forecasting Software Forecasting Supply Chain Planning Software Supply Chain Design Software 156

Unleashed

MAY 1, 2023

Demand forecasting has gained increasing importance over the last few years. We met with five supply chain experts to discuss how crucial demand forecasting is for mitigating risk, and what businesses can do to improve forecast accuracy. Our experts explain that best-practice demand planning begins with a top-down forecast.

Forecasting 96

Forecasting Supply and Demand Modeling Forecasting Software 96

Kinaxis

NOVEMBER 14, 2019

by Polly Mitchell Guthrie Today I sat through a full day of talks at the International Institute of Forecasters Foresight Practitioner Conference , which was focused on the topic of “Artificial Intelligence —The Hype and the Promise for Forecasting and Planning.” What is the forecast for AI/ML? Some promising results.

Forecasting 240

Forecasting Forecasting Software Supply Chain Planning Software Modeling Software 240

ToolsGroup

FEBRUARY 21, 2018

Eight years ago ToolsGroup was one of the first supply chain planning software vendors to employ machine learning to improve demand forecasting. Even in 2014 when Gartner wrote a case study about Danone using our machine learning to help forecast promotions, it was barely a blip on the horizon. Machine learning has certain strengths.

Forecasting 219

Forecasting Forecasting Software Demand Planning Software Supply and Demand 219

GlobalTranz

DECEMBER 22, 2020

The volatility of 2020 and the uncertainties looming into 2021 make it difficult to forecast planning and budgets based on historical data. A pet-buying spree drove sales of dog food and other pet supplies, as people adopted pets to keep them company during the lockdowns. Contact GlobalTranz Today.

Forecasting 156

Forecasting Forecasting Software Freight Inventory Reduction 156

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. 

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 52

The Smart Software

JULY 31, 2023

Often companies will insist that they “don't use forecasts” to plan inventory. While they don't think of what they are doing as explicitly forecasting, they certainly use estimates of future demand to develop reorder points such as min/max. The post Everybody forecasts to drive inventory planning.

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Forecasting Forecasting Software Supply Chain Planning Software Inventory 82

CHAINalytics

MARCH 30, 2022

Companies seeking to improve supply chain performance have frequently chosen specialized service providers to perform entire operational processes. Outsourcing of supply chain operations has been a common practice for years. Now, supply chain planning services offer an alternative to planning done solely in-house.

Forecasting 133

Forecasting Supply Chain Planning Supply and Demand Supply Chain Performance 133

ToolsGroup

JANUARY 30, 2018

Trade promotion forecasting is difficult: getting it right involves factoring in many variables. Forecasting demand data, not so much. To do this, the first hurdle is creating a good statistical baseline forecast. To do this, the first hurdle is creating a good statistical baseline forecast.

Forecasting 184

Forecasting Forecasting Software Supply Chain Planning Software Analytics Software 184

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. The link between forecast accuracy and corporate goals is less clear. But that doesn’t make forecasting any less important.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Supply Chain Shaman

MAY 1, 2018

As a result, only 42% of companies rate their S&OP process as effective. This is especially true for forecasting. I find that too many companies try to buy forecasting software through a Request For Proposal (RFP). In my experience, most companies ask the wrong questions; and consequently, have the wrong discussions.

Forecasting 156

Forecasting Forecasting Software Supply Chain Planning Software Demand Planning Software 156

ToolsGroup

OCTOBER 11, 2017

I’ve always maintained that improving demand forecast accuracy, as helpful as it can be, shouldn’t be the end goal itself, but simply a means to the end. A recent report from Gartner agrees, focusing specifically on the challenge of building a better business case for improved forecast accuracy.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

QAD

JULY 6, 2023

Across the world, AI is currently being used by companies to help predict demand more accurately. AI technology can be used to help with forecasting, supply chain planning and demand planning. It allows you to understand the market better and make better decisions, as well as helping you make more accurate forecasts.

Forecasting 93

Forecasting Supply Chain Planning Software Supply Chain Planning Forecasting Software 93

Logility

APRIL 23, 2020

So, the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. Here are a few steps that you will need to take to deploy your forecasts successfully. Statistical modeling will help the company understand what data are most useful.

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

ThroughPut

DECEMBER 5, 2023

Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. The lack of forecasting accuracy can easily spill hardship into other departments. What is Demand Forecasting?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Logistics Viewpoints

APRIL 4, 2024

Data Normalization & Removing Bias Data normalization in the context of forecasting is the process of going from actualized sales, which may be biased by various factors such as weather or inventory availability, to an understanding of baseline demand that is stripped of the impacts of these demand drivers.

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