ToolsGroup

MAY 2, 2024

Customer reviews consistently rank ToolsGroup highly in G2’s Supply Chain Planning and Demand Planning Categories. This achievement underscores ToolsGroup’s commitment to excellence and innovation in the supply chain industry.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply and Demand Supply Chain Software 156

Unleashed

FEBRUARY 1, 2023

The onset of COVID and the rapidly changing environment of a pandemic-hit world has meant demand planning has become more difficult – and as a result, more critical – than ever. What is demand planning? Demand planning is the process of predicting what customer demand will be for a certain product.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

DynaSys

AUGUST 5, 2021

When formulating a Demand plan , you need to strike the balance between having sufficient stock levels to meet customer demands without having surplus. This means leveraging the right tools and data to build your demand plan from the outset. What are the key features of Demand planning?

Supply and Demand 52

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 52

DynaSys

AUGUST 17, 2021

We’ve discussed the benefits of gathering data and coming up with a strategy of collaboration when implementing a demand planning cycle. Now it’s time to walk through the importance of Performance evaluation in the Demand Planning Cycle by setting metrics and KPIs. Want to know more about Demand Planning?

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

SupplyPike

FEBRUARY 5, 2020

What is a demand plan? Demand planning tells you how much inventory you can expect to sell, down to the regional level. Armed with point-of-sales data, knowledge of inventory issues, and accounting for anomalies, you can plan on how much product to manufacture, store in your warehouses, and ship to each region.

Supply and Demand 63

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 63

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. Why have we not improved our use of channel data in supply chain processes?” My question is, “Why?”

Supply Chain Design Software 195

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

ToolsGroup

JANUARY 15, 2024

The software company earns Leadership recognition in supply chain planning and demand planning across regions. BOSTON – January 15, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to be recognized as a Leader in five separate G2 Winter 2024 reports.

ToolsGroup 177

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply and Demand 177

Supply Chain Shaman

OCTOBER 16, 2023

A shift from functional metrics to a balanced scorecard. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. The focus on functional metrics sub-optimizes balance sheet results. A Focus on Error in Demand Planning. Funny, isn’t it? Fire the Apes.

S&OP 334

S&OP Supply and Demand Forecasting Supply Chain Design Software 334

Supply Chain Shaman

FEBRUARY 18, 2021

The Failure of Existing Demand Planning Solutions. During the pandemic, supply chain leaders turned off their demand planning solutions. The systems–based on shipment and order data–were out of step with the market. Baseline demand reflects market potential.) What are functional metrics?

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 288

ThroughPut

AUGUST 24, 2021

Earlier in the day, demand planning was a guessing game that relied more on intuition, instinct, and inclination. But with the advent of the information economy and Artificial Intelligence (AI), this process became data-driven. Why do you need new-age demand sensing to solve modern problems?

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Unleashed

APRIL 18, 2023

The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. When they shape demand (emails to drive donors) it is done with a purpose based on the market shifts, current requirements, and blood traits.

Modeling 208

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 208

Supply Chain Shaman

DECEMBER 28, 2020

My goal is to convince you to ground supply chain processes and technology implementations in data analysis while tying the results to the improvement in corporate performance. Let me make my point by sharing some financial data using client examples from the last decade. The demand error is high, and their ability to model is low.

Supply Chain Planning Software 415

Supply Chain Planning Software Forecasting Forecasting Software Modeling 415

ThroughPut

JULY 6, 2021

Thriving In ‘The New Normal’ With 5 Demand Planning & Forecasting Methods. Businesses around the world are pondering upon these questions and each of them leads to a simple answer – effective supply chain demand planning and forecasting. Understanding and predicting demand in unpredictable times .

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

ToolsGroup

MARCH 3, 2022

Let’s face it: the influence of weather on your consumers’ behavior is complex and nuanced, and temperature or precipitation data is easily misinterpreted and misused. Using weather data for retail forecasting starts with measuring the impact of weather for specific items, time period, and locations. based on the sales theme.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Vanguard Software

JULY 20, 2021

And before that, in 2001, Nike also had a demand planning blunder that led to a $100 million loss in sales. These examples show how imperative a proper process for demand planning and supply planning is to an organization’s overall health and profitability. Demand Planning Forecasting Application.

Supply and Demand 52

Supply and Demand Supply Chain Planning Software Demand Planning Demand Planning Software 52

DynaSys

MARCH 26, 2019

These are the metrics a demand planner needs to know and understand to confirm their assumptions. By breaking down the steps of gardening, you might better understand that the role of a demand planner is not as simple as it seems. The post Demand Planning – We Must Grow our own Garden appeared first on QAD Dynasys Blog.

Supply and Demand 75

Supply and Demand Demand Planning Forecasting Supply Chain Planning 75

Logistics Viewpoints

DECEMBER 15, 2022

quintillion bytes of data every day. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. The retail industry is rich with data.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

Logility

AUGUST 14, 2023

2 Identify data availability and data gaps. Certain categories of data should be available or must be available for specific types of supply chain technology implementations. The presence — or absence — of required data is going to have an impact on the metrics being used to measure the success of the project.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Procurement Solutions 202

Logility

JULY 20, 2023

Good forecasting leads to good demand planning —and good demand planning means better profitability. That’s why it’s essential to be sure you’re equipping your organization with the right demand planning software. Here are our answers to some of the most common questions about demand planning software.

Supply and Demand 187

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 187

Logility

MARCH 6, 2020

Ability to ingest and use a broad range of data; a system that is ‘greedy’ for data that yield new insights. Ability to update constantly on the most recent data, and models that quickly ’find their level’ and adapt to regime changes. Greed for more data.

Forecasting 260

Forecasting Supply and Demand Forecasting Software Modeling 260

Supply Chain Shaman

MARCH 21, 2024

In my forty years of studying supply chain planning, the groups became larger, but with questionable results. If I had a magic wand, I would redesign work to transform the planners to become data orchestrators with supply chain planning becoming self-service by business leaders. Lack of aligned metrics. Why Jump Now?

Inventory Reduction 402

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 402

ToolsGroup

AUGUST 20, 2019

Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. Those companies also reduced planning spend.

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

Logility

JUNE 23, 2023

That’s why we’re here to break it down for you and show why it’s high time you included causal forecasting in your demand planning toolkit. Rather than relying solely on historical data, causal forecasting models also incorporate various factors or causal variables that can influence the forecasted quantity.

Forecasting 192

Forecasting Forecasting Software Modeling Predictive Analytics Software 192

Supply Chain Shaman

OCTOBER 13, 2022

Investments in Data-Driven Capabilities May Not Yield Better Decisions. I also heard Michael Lewis, author of Moneyball, speak on using data to improve the odds of player selection in Baseball. I also heard Michael Lewis, author of Moneyball, speak on using data to improve the odds of player selection in Baseball. The reason?

Supply Chain Planning Software 219

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 219

SupplyPike

JULY 2, 2020

Learn about: Understanding CPG data analytics The differences among observational data, activity data, and sales data Data analytics solutions for CPGs. As far as the CPG industry is concerned, employing a data-backed business strategy is crucial for success where there is minimal scope for wrong decisions.

Analytics Software 98

Analytics Software Analytics Forecasting Software Supply Chain Planning Software 98

Supply Chain Shaman

FEBRUARY 13, 2020

It is useful to analyze demand data to understand “forecastability” and randomness. Not all data is forecastable, and not all demand optimization engines are equal. The more forecastable the data set, the easier it is to find an optimizer. The answer is more than simple demand planning techniques.

Optimal Sourcing 233

Optimal Sourcing Modeling Forecasting Supply and Demand 233

Logility

AUGUST 25, 2020

Poorly implemented demand planning software mis-forecasts demand for branded sneakers. Demand planning systems unable to forecast demand-slowing associated with economic meltdown. And better visibility requires data. A few of the most infamous are listed below. The common thread? Tri-Valley Growers.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Enterra Insights

SEPTEMBER 28, 2020

From demand planning to manufacturing to trade promotion optimization, data is essential for almost every aspect of consumer packaged goods (CPG) company operations. To avoid diving blindly into new endeavors and wasting resources by consequence, CPG brands need sales and media data to direct and inform their alterations.”[1]

Data 100

Data Analytics Software Supply Chain Design Software Sourcing Strategies 100

Arkieva

JUNE 16, 2016

Good handling of market demand data is one of the most vital concepts in any supply chain. The correct management of demand information can greatly influence the level of integration and responsiveness, and has a direct impact on customer service and inventory levels. But how to create powerful demand planning implementation?

Supply and Demand 60

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 60

SupplyPike

JUNE 24, 2020

Learn about: The categories of analytics How they relate to retail and supply chain What suppliers can do with that data. Well-balanced business development depends on descriptive, predictive, and prescriptive analytics data. . The right kind of data helps your company stay ahead of the competition. Analytics Continuum.

Prescriptive Analytics Software 98

Prescriptive Analytics Software Predictive Analytics Predictive Analytics Software Retail 98

BlueYonder

APRIL 5, 2017

What your demand planning organization does is key to where it sits and how it needs to be structured. What follows is a high-level look at the processes that a robust demand planning function supports. Demand Planning Supported Processes. And producing the demand plan is a combination of science and art.

Supply and Demand 57

Supply and Demand Demand Planning Groups Supply Chain Planning Software 57

Arkieva

NOVEMBER 9, 2021

The folks in the trenches want a definitive answer – give me a simple metric that I can use in all cases that provides guidance. Tools of the Trade: How “Forecastable” is Your Data? They do not want the academic cop out – “it depends”. Complexity Exists Whether You Ignore It or Not was first posted on November 9, 2021 at 1:02 pm.

Forecasting Software 78

Forecasting Software Forecasting Supply Chain Planning Software Supply Chain Software 78

Supply Chain Game Changer

NOVEMBER 3, 2022

Your organization has to be more vigilant than ever regarding security to avoid risks like data loss or theft, underscoring the role of IT. Financial data helps managers keep track of their company’s financial performance and determine if any areas need improvement. Financial Information Monitoring. Procurement Management.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

ToolsGroup

AUGUST 20, 2019

Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. Those companies also reduced planning spend.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 136

The Smart Software

NOVEMBER 13, 2023

Measuring the accuracy of forecasts is an undeniably important part of the demand planning process. This forecasting scorecard could be built based on one of two contrasting viewpoints for computing metrics. Both are valid, but error metrics provide more information.

Forecasting 83

Forecasting Forecasting Software Metrics Supply and Demand 83

Stord

APRIL 24, 2024

Additionally, this technology will make demand planning & forecasting more accurate. Specific industries measure specific KPIs, and AI is an easy way to pull data in and get real, usable and actionable metrics back. This is the "true magic" of great forecasting!

Supply Chain Planning Software 88

Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software Predictive Analytics Software 88