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.

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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. Many Franklin Sports products carry official sports logos – Major League Baseball, NHL, NFL, Major League Soccer logos, and of course USAPA. Jennings’ name. When she joined, Ms.

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Supply Chain Game Changer

SEPTEMBER 15, 2021

Featuring Our 10 Best Inventory Management Articles! Manufacturing SMBs article and permission to publish here provided by Alina Akk. Inventory management is a holistic and logical methodology for handling both raw materials and finished products. You can’t manufacture shiny new goods without raw materials, after all.

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Supply Chain Shaman

SEPTEMBER 22, 2022

“ The end (as of a street) without an exit or a position, situation, or course of action that leads to nothing further.” I forecast this disruption period as the new normal is not over. At the beginning of the pandemic, the forecasted period of disruption of seven-to-eight months. Forecast Sharing.

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SCMDOJO

NOVEMBER 29, 2023

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow.

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Inventory Reduction Material Savings Resource Reduction Inventory Management Software 91

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. and bring inventory accuracy up to an impressive 99.9%.

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ToolsGroup

OCTOBER 14, 2020

All these scenarios of course create huge demand fluctuations companies need to deal with that differ completely from their historical demand forecasts. Of course, demand forecasts are the biggest concern people have. They need to apply corrective actions for the forecast for next year. Keep communication open.

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The Smart Software

NOVEMBER 29, 2021

We’ve found that a few things help new customers exploit the power of advanced analytics for forecasting and inventory optimization. The post Stay the course appeared first on Smart Software.

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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.

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Logility

JULY 20, 2023

Good forecasting leads to good demand planning —and good demand planning means better profitability. When you choose the right solution, you can stay ahead of fluctuations in customer demand, achieve high levels of forecast accuracy, handle seasonality, and drive collaboration across supply chain stakeholders.

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Logistics Viewpoints

SEPTEMBER 13, 2021

All the disruptions caused by the pandemic, of course, has contributed to this. Lean speaks of the seven wastes: overproduction, unnecessary transportation, inventory, motion, defects, over processing, and waiting. Since then, manufacturers around the world have embraced lean. When Should Inventory be “Fat”? It does not.

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Enterra Insights

JUNE 22, 2022

The irony of excess inventory. ”[3] He continues, “The past two years have been blighted by supply shortages — with just-in-time retailers struggling to ship their goods, electronics manufacturers staring down a shortage of computer chips, and supermarkets struggling to fill their shelves. ” Optimizing inventory.

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Logistics Viewpoints

OCTOBER 4, 2021

A study by E2open – the 2021 Forecasting and Inventory Benchmark Study: Supply Chain Performance During the Covid-19 Pandemic – provides the answers. Benchmarking the forecasting process is difficult. The company provides demand and inventory planning solutions based on a public cloud architecture.

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Inventory Reduction Supply Chain Performance Cost Reduction Strategies Supply and Demand 224

Logistics Bureau

OCTOBER 10, 2022

Too much inventory in your distribution network? Inventory costs too high? These are all pervasive issues for supply chain operators worldwide—and are classic symptoms of suboptimal inventory performance. But what exactly does inventory optimisation mean, and what obstacles must first be broken down to achieve it?

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Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

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SYSPRO Smarter ERP

JANUARY 22, 2024

Material Requirements Planning for a modern manufacturing environment Material Requirements Planning (MRP) is software that helps companies estimate the required quantities of raw materials, maintain inventory levels, and ensure manufacturing has all the items needed to make products to satisfy demand.

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Supply Chain Movement

MARCH 25, 2014

Shaw Industries, a carpet manufacturer and floorcovering provider, has recently decided to implement the Central & Collaborative Forecasting and Inventory Optimization solution from OM Partners within its Hard Surfaces division. An agile platform from which we can evolve to other planning functions is key to us.”

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ToolsGroup

MAY 28, 2024

Additionally, reduced accuracy of predictions is another consequence, as accurate forecasting relies on the latest data. Latency can skew the data set, leading to forecasts that do not reflect current realities, causing overstocking or understocking.

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Logistics Viewpoints

FEBRUARY 28, 2022

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Machine learning has been used to improve demand forecasting since the early 2000s.

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Logistics Viewpoints

APRIL 22, 2024

Georgia-Pacific and its subsidiaries manufacture and distribute a wide range of consumer products, including bath tissue, paper towels, napkins, tableware, paper-based packaging, cellulose, specialty fibers, and building products. Of course, getting a promise right is vital. Using words to describe Causal AI only takes you so far.

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Kinaxis

OCTOBER 20, 2014

by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #6 Not effectively managing inventory. Unfortunately, all the same kinds of things can happen to your supply chain inventory. and it didn’t leak. Spoilage can happen.

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Supply Chain Planning Software Inventory Reduction Modeling Cost Reduction Strategies 257

Supply Chain Action Blog

JULY 8, 2021

After a short stint in manufacturing process engineering in another industry, she got interested in the business side of things and moved into supply chain planning, starting in demand planning. After taking a couple of on-line courses and getting an APICS certification, she seized on the opportunity to be a junior demand planner at K2.

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Logistics Viewpoints

JANUARY 22, 2024

The UFLPA prohibits goods mined, produced, or manufactured wholly or in part in Xinjiang from entering the U.S. But electronics; industrial and manufactured; and apparel, footwear, and textiles make up the bulk of products detained. A customer can of course buy goods in a store. Of these, 2,583 were denied entry into the US.

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Logistics Bureau

DECEMBER 20, 2021

As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. You will also understand their notable benefits to the inventory management discipline. 10 Invaluable KPIs to Track Inventory Management Performance. 1: Inventory Turns. million)/2 = 6.76.

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Unleashed

OCTOBER 19, 2018

Since there are so many steps in the modern supply chain, it’s important to order the right amount of inventory stock for your business. Demand forecasting can support your decision-making process when deciding how much inventory stock is necessary. What is demand forecasting? Historical sales data. Supplier data.

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Logility

MAY 3, 2021

Business planning is, of course, essential, but the real proof is in the execution. S&OP integrates plans for every department , combining the needs and opportunities facing customer support, sales, marketing, development, manufacturing, sourcing, and financial into one tactical strategy. S&OP Defined.

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Logistics Viewpoints

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. Dynamic Cross-dock allocation takes into account sales rates and current inventory at the stores.

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Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 222

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

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Logility

FEBRUARY 7, 2023

Transportation and shipping issues aren’t the only problem, of course. This could be used for something as simple as a complete flat spread if there was no demand or no available inventory at any level. It could be used to make sure everyone gets roughly the same amount of inventory.

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DynaSys

FEBRUARY 17, 2021

If automotive supply chain actors have learned one thing over the course of the past year, it is that they must rapidly respond and plan for disruptions to their supply chains. Automotive suppliers regularly receive Electronic Data Interchange (EDI) demand signals from car manufacturers. appeared first on QAD Dynasys Blog.

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QAD

OCTOBER 25, 2022

Autumn has arrived here in the US, which means crisp air, the vibrant colors of the fall foliage, and of course, Halloween. Today, almost any business involved in manufacturing and distribution across all vertical segments are experiencing disruptions that are causing issues in their supply chain operations.

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Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

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Logistics Viewpoints

FEBRUARY 2, 2024

percent drop in annual sales, UPS forecast a 2024 upswing of as little as 1.1 cities over the course of the year, bringing the total number to 110. Teradyne , a supplier of semiconductor testing equipment, pulled manufacturing worth about $1 billion out of China last year, a Teradyne spokesperson said on Monday, after U.S.

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Unleashed

DECEMBER 28, 2021

In these fast-moving days of technological advancement and economic change, a lot of manufacturers are talking about going ‘lean’. One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. Techniques for 2022. Less waste.

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Supply Chain Shaman

OCTOBER 8, 2019

Over the course of the last two weeks, I find myself sitting in CFO offices attempting to explain how financial leadership can drive supply chain improvement. The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” The supply chain forecast is a rolling forecast.

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Aera Technology

JANUARY 30, 2018

By Stephanie Glass The complexities of demand forecasting have bedeviled businesses for decades. electric utilities lost millions in the 1970s and ’80s after investing in new power plants based on forecasts that demand would rise 7 percent a year. . · Theoretically, demand forecasting should be easier and more accurate.

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RFgen

MAY 26, 2023

In the world of inventory management, stockouts and overstocking can be detrimental to business success. To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. Overstocking occurs when a business has too much inventory on hand.

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