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. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

New Horizon Supply Chain Blog

MARCH 20, 2023

Introduction I started to write a “Demand Forecasting 101” article but decided that was going to turn into another Ph.D. This is a list of things that I learned about demand forecasting early in my career – things that would have been nice to know from day one. But this list is agnostic of the particular forecasting technology used.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Supply Chain Shaman

FEBRUARY 26, 2024

Over the next five weeks, seventy business/technology and consulting leaders will complete the course. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency. Start by analyzing your Forecast Value Added by demand stream. Analyze inventory health.

Modeling 215

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 215

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

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.

Supply Chain Planning Software 431

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 431

New Horizon Supply Chain Blog

APRIL 26, 2023

INTRODUCTION: FORECASTING WITH SEASONALITY AND CYCLICALITY Whenever I’m involved in demand planning projects at client companies, there’s always intense interest — and concern — among stakeholders about how the forecasting algorithms work, particularly among those new to supply chain planning and demand forecasting.

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Modeling 52

New Horizon Supply Chain Blog

APRIL 26, 2023

INTRODUCTION: FORECASTING WITH SEASONALITY AND CYCLICALITY Whenever I’m involved in demand planning projects at client companies, there’s always intense interest — and concern — among stakeholders about how the forecasting algorithms work, particularly among those new to supply chain planning and demand forecasting.

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Modeling 52

BlueYonder

JULY 15, 2021

When I’m considering whether to risk cleaning my bike after a ride, I rely on a weather forecast that may or may not materialise. I don’t question whether the forecast is right, I accept that it is uncertain; sometimes it rains, sometimes it doesn’t. Planning inventory relies on an accurate demand forecast.

Forecasting 56

Forecasting Forecasting Software Supply and Demand Modeling 56

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.

Supply Chain Planning Software 222

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

Logistics Viewpoints

JANUARY 25, 2024

Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. What AI has been able to do for years is find patterns and make predictions at a scale far beyond our human cognitive capacity, such as forecasting for a retailer with billions of sales records and millions of items.

Supply Chain Planning Software 234

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 234

EazyStock

DECEMBER 13, 2020

Did you have frequent stock-outs after adjusting your forecast? Uncertainty is all but guaranteed in 2021 – the best course of action is to mitigate whatever risks you can. Optimize Inventory. Start with a detailed overview of what inventory is currently in your supply chain. Improve Demand Forecasting.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Inventory Management Software Resource Reduction 98

Kinaxis

OCTOBER 20, 2014

Reason #6 Not effectively managing inventory. That got me thinking about why I was throwing away what had been perfectly good food; I had forecasted needing a certain amount, but the customers (my family) didn’t take what I’d forecasted. Unfortunately, all the same kinds of things can happen to your supply chain inventory.

Supply Chain Planning Software 257

Supply Chain Planning Software Inventory Reduction Modeling Cost Reduction Strategies 257

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.

Optimal Sourcing 284

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 284

Logility

MAY 26, 2022

25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain. Real-Time Insight and the Right Digital Platform Means More Accurate Forecasts. Then, there’s the issue of surplus inventory. Demand variability has always confounded inventory planning. Don’t Constrain Yourself!

Demand Planning Software 173

Demand Planning Software Supply and Demand Modeling Supply Chain Planning Software 173

Logistics Viewpoints

FEBRUARY 28, 2023

It is making use of inventory that is the easiest/fastest to get to the customer, no matter through which channel the order was placed. Numerous supply chain disruptions affected the ability to get inventory in time – or at all – and now that the backlog caught up, many organizations are experiencing a surplus of inventory.

Optimal Sourcing 199

Optimal Sourcing Sourcing Strategies Inventory Reduction Vendor Strategies 199

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.

Optimal Sourcing 142

Optimal Sourcing Optimization Software Supply Chain Optimization Price Mitigation Strategies 142

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

Logistics Viewpoints

APRIL 22, 2024

But for that to occur, all of the dominos must fall into place: the product must be available to promise, there needs to be enough shipping capacity, and there needs to be an understanding of how inventory will be moved between mills and distribution centers. Of course, getting a promise right is vital.

Georgia 228

Georgia Optimal Sourcing Modeling Modeling Software 228

ToolsGroup

SEPTEMBER 18, 2023

Over the course of her career, Inna has occupied multiple positions of leadership within the technology and supply chain arenas. High interest rates and inflation impact the disposable incomes, reduce sales forecasts sharply, and contribute to the extensive pressures on working capital.

Gartner 296

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 296

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.

Inventory Reduction 246

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 246

QAD

MARCH 30, 2023

As I discussed in a recent article in RFID Journal , RFID technology has changed a lot since 2005 and could be the secret to ensuring greater visibility and inventory accuracy this year. They don’t have an internal power source, so range and data storage is sacrificed to gain cost efficiency and lifespan. What is RFID Technology?

Manufacturing Procurement 90

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 90

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.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

Logility

OCTOBER 22, 2020

Among other aspects of a modern-day business, forecasting has become more complex, with many firms striving to incorporate product, pricing, discounts, channel, and other available data to improve accuracy. Machine learning forecasting is very fast, allowing a company to generate hundreds of thousands of SKU-level forecasts in minutes.

Supply Chain Planning Software 182

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimal Sourcing 182

Supply Chain Game Changer

SEPTEMBER 15, 2021

Featuring Our 10 Best Inventory Management Articles! Inventory management is a holistic and logical methodology for handling both raw materials and finished products. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain. Subscribe Here!

Inventory Management Software 92

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

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.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Grab yours now!

Optimal Sourcing 77

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 77

Logility

MARCH 21, 2023

This approach helps ensure both organizations have the visibility they need to know where risks reside, which opportunities should be seized, and how to course-correct if goals are not being met or exceeded. This information allows CSCOs to react to real-time differences between inventory levels, budgets, and fiscal projections.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimal Sourcing Scenario Planning Supply Chain Planning 130

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.

Forecasting 49

Forecasting Modeling Forecasting Software Demand Planning Software 49

Enterra Insights

OCTOBER 3, 2022

As we all know, supply chain snarls disrupted last year’s holiday shopping season — with some inventory arriving well after the holidays ended. As a result, some retailers faced a glut of inventory. Of course, some planning must be delayed in order to determine which way consumer winds are blowing. They are: • Plan early.

Material Savings 130

Material Savings Inventory Reduction Retail Supply Chain Planning Software 130

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Changing Landscape of Supply Chain Executives Traditionally, supply chain executives excelled in managing functions like transportation, warehousing, inventory, and production planning but supply chain process extends beyond the firm, involving global relationships with suppliers and customers.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. inventory turns. Ask the group what is possible?

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 254

Logility

MAY 17, 2022

Depends on the data, of course. The new index is comprehensive, synthesizing data from a variety of sources including the Baltic Dry Index (cost of shipping raw materials), the Harpex Index (container shipping rate changes), Purchase Manager Index surveys and data from the Institute of Supply Management’s manufacturing survey.

Scenario Planning 173

Scenario Planning Modeling Supply Chain Planning Software Optimal Sourcing 173

Logistics Viewpoints

FEBRUARY 2, 2023

The answer, of course, is yes. By integrating the solution with customer accounting systems and other billing software, such as timecards, customers can inspect current charges in real time for an accurate snapshot of present expenses leading to improved forecasting. But can technology do more?

Supply Chain Planning Software 206

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 206

The Logistics & Supply Chain Management Society

MARCH 22, 2022

For example, the One Network platform for supply chain planning and execution is used by the Ministries of Health in Nigeria, Ghana, and Rwanda, providing comprehensive inventory visibility across all health facilities for real time supply demand matching and collaborative decision making. Identify the source of the problem and fix it.

Supply Chain Planning Software 245

Supply Chain Planning Software Prescriptive Analytics Software Real-time Visibility Optimal Sourcing 245

Logistics Viewpoints

NOVEMBER 7, 2022

It is difficult to forecast dropping demand. Inventory write downs are common. So, if a recession appears likely, companies need to error on the side of a conservative forecast, be prepared to lay off workers sooner rather than later, and start drawing down their safety stock inventory.

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Design Software Vendor Strategies Supply Chain Software 214

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 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?

Supply Chain Design Software 190

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 190

Supply Chain Shaman

SEPTEMBER 10, 2020

Over the course of three decades, companies invested in enterprise systems to improve functional efficiency. While many companies attempt to improve the response by being reactive on traditional data sources, this is not the answer. While useful when the order patterns are stable, it is less helpful in times of gyrations.) What To Do?

Supply Chain Planning Software 438

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 438