Logistics Viewpoints

MAY 11, 2023

If the digital twin extends beyond the DC to the supply chain, you can have a better evaluation of the entire chain’s responsiveness to these types of events. Solving the complex question of where to start There is no doubt that implementing digital twin concepts can be a game changer for many warehouse and DC operators.

Modeling 307

Modeling Analytics Software Supply Chain Design Software Optimization Software 307

The Network Effect

APRIL 17, 2015

Information theory shows us that increasing mathematical precision to model a “perfect fit” will reach a point where further sophistication of time-series analysis no longer is able to improve upon forecast accuracy. And the high forecast error rate isn’t limited to slow movers which can experience error rates of over 60%.

Supply and Demand 100

Supply and Demand Forecasting Modeling Forecasting Software 100

Logistics Viewpoints

JULY 29, 2024

Labor forecasting – Here, historical data is used to forecast how many workers will be required on a given day or week to complete the work that will hit the warehouse. It works better still, if the DC has engineered labor standards in place. Pack optimization works to fill shipping containers efficiently.

Optimization Software 297

Optimization Software Supply Chain Planning Software Forecasting Software Warehousing 297

Supply Chain Shaman

JUNE 24, 2022

As they bemoaned the fact that upstream trading partners share dismal forecasts. Why would they ever think the automotive industry would give them a good forecast? We are in the middle of planning for the Supply Chain Insights Global Summit on September 6th-8th in Washington, DC. The reason I laughed? My question?

Supply Chain Planning Software 397

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 397

Logistics Viewpoints

FEBRUARY 22, 2021

Govindarajan : Our previous Supply Chain Purchasing and Inventory Management tools were not enabling us to solve business challenges, we pivoted to Manhattan’s Demand Forecasting and Inventory Optimization software. Through forecasting and replenishment solutions, we can do just that. Govindarajan : We evaluated a handful of solutions.

Forecasting Software 47

Forecasting Software Supply Chain Planning Software Optimization Software Supply Chain Design Software 47

AIMMS

JUNE 16, 2020

Scenarios to assess DC closures and the impact of shutdowns . Yet, there is also a tight connection between network design, demand forecasting and Sales & Operations Planning, for instance. Almost 40% stated that they expect to become more proactive and less reactive with this capability. Stay tuned! .

Modeling 361

Modeling Network Design Software Network Design Scenario Planning 361

Logistics Viewpoints

OCTOBER 19, 2023

The distribution center (DC) hadn’t released the order, but customer service didn’t have access to the right systems to see exactly what was wrong. Customer service couldn’t call the DC, only email them, and her emails weren’t getting responses. Only persistent calls got my order back on track.

Supply Chain Planning Software 306

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 306

Logistics Viewpoints

APRIL 19, 2023

DC procurement is also automated by aggregating the needs of the MFCs. You can configure the forecasting engine and machine learning models and provide predictive alerts and start measuring the demand and supply variability. Planned promotions and new product introductions are also important inputs required for forecasting.

Supply Chain Planning Software 293

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 293

Demand Solutions

DECEMBER 30, 2014

Relatively few companies have adequate measures of order fill rates or forecast accuracy. To fill the 8th line item complete we had to ship the product from a DC across the country. Wouldn’t it have been more financially responsible to make sure the forecast was accurate enough to prevent the stockout in the first place?

Forecasting 190

Forecasting Supply Chain Planning Supply and Demand Scenario Planning 190

The Network Effect

DECEMBER 5, 2014

Is it producing and making goods available to forecasts of expected consumer demand, or by reacting to what consumers have already bought? Most companies use the forecast approach today, in what is called a “Push system”. Thus we see the following: Forecasting done at the aggregate level. What is a push system?

Supply Chain Software 175

Supply Chain Software Forecasting Software Supply Chain Network Software Forecasting 175

The Network Effect

JUNE 4, 2014

One system would forecast regular sales and handle the automated replenishment when an item wasn’t being promoted. Along the way, every inbound DC order would be tagged as being either promotional or nonpromotional. Along the way, every inbound DC order would be tagged as being either promotional or nonpromotional.

Forecasting 153

Forecasting Supply Chain Planning Software DC Forecasting Software 153

Logistics Viewpoints

FEBRUARY 1, 2021

The Solvoyo solution is not just a forecasting and replenishment solution. Smaller suppliers, operating out of just one national distribution center (DC), can’t achieve this level of service. Our DCs work 24 hours a day/7 days a week, there is no labor constraint” Mr. Cerito?lu Warehouse dock scheduling is not a constraint.

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Retail 261

Logistics Viewpoints

JUNE 19, 2023

It also suggests that the total value delivered by AI will be more limited than consultants from McKinsey are forecasting. It is better to receive inventory on a loading dock, take the inventory needed for a hot shot shipment, and move that inventory through the DC to a shipping dock where it is loaded on a truck.

Supply Chain Design Software 274

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Optimization Software 274

Silvon Software

NOVEMBER 14, 2024

Using POS Data for Improved Sales & Demand Planning By leveraging POS data, companies can additionally (and accurately) forecast future sales, which is crucial for demand planning. Improved Forecast Accuracy Since POS data reflects real consumer purchases, forecasts based on this data are more accurate.

Inventory Reduction 59

Inventory Reduction Price Reduction Resource Reduction Optimal Sourcing 59

Supply Chain Opz

JUNE 1, 2014

Forecasting and new product introduction has always been the issues for many FMCG companies, P&G is no exception. The result is that the forecast accuracy is improved because a demand planner has an additional source data to make a better decision. . BMW uses a 12-year planning horizon and divides it into an annual period.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

ToolsGroup

MAY 17, 2016

Cooke recommends leveraging demand planning software that can anticipate orders better than traditional forecasting tools to lower fulfillment costs and increase responsiveness by stationing more inventory at DCs. Demand planning software can disaggregate the forecast down to the stock keeping unit level.

Optimization Software 180

Optimization Software Omnichannel Inventory Reduction Supply Chain Optimization 180

GlobalTranz

MAY 26, 2021

The below figure is a traditional logistics flow: A sales forecast is used to project sale requirements, when a certain amount of product is required, they will be shipped to the warehouse or DC (distribution center) and then shipped to the retail stores from DC.

Reverse Logistics 296

Reverse Logistics Material Savings Logistics Network Optimization Software Logistics 296

Logistics Viewpoints

DECEMBER 5, 2022

For example, if a shipment is running late, but there is sufficient inventory in the DC closest to the customer, the fact that it is late is not significant “What we care about is the movements that will have an impact on our commitments,” Mr. Eberle explained. Do we then want to fly extra product to the DC?

Agile and Lean Supply Chain 272

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 272

The Network Effect

JUNE 18, 2015

Then I explored how forecasting techniques will need to change. Some of these more advanced forecasting approaches require a level of analytics that involve both prediction and prescription. Note: This is the next installment in an ongoing series that explores shelf-connected supply networks. Which is best? makes the most sense.

Supply and Demand 100

Supply and Demand Prescriptive Analytics Software Demand Planning Software Supply Chain Design Software 100

AIMMS

SEPTEMBER 28, 2020

Use cases include analyzing the impact of Supplier and DC closures and shutdowns, planning for steep demand decreases and increases, evaluating potential reshoring, and assessing potential network investments with scenarios. The machine learning algorithm then continually fine tunes the forecast model through each forecasting cycle.

Prescriptive Analytics Software 156

Prescriptive Analytics Software Supply Chain Design Software Modeling Supply Chain Planning Software 156

Supply Chain Shaman

JUNE 29, 2022

The answers lie in investments in supplier development teams, the simplification of the bill of materials and product platforms, and analytics to forecast requirements based on consumption. My forecast is a lumpy road to 2023 and port-related supply chain disruptions for at least a year. Prepare for a slog. Are the port issues over?

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

New Horizon Supply Chain Blog

SEPTEMBER 18, 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

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

The Network Effect

JULY 1, 2015

In my second post, I discussed how new approaches to forecasting processes are required in a shelf-connected world. . Today’s cloud platforms can support the advanced forecasting methods we’ve discussed in previous posts, but the best ones go step further, by enabling both planning and execution in a seamless transactional flow.

Supply Chain Network Software 100

Supply Chain Network Software Network Optimization Supply Chain Planning Software Modeling 100

Logistics Viewpoints

JULY 12, 2024

The South African Weather Service on Tuesday forecast a second cold front making landfall in Western Cape province with more rain expected. Cargo ships avoiding Houthi attacks in the Red Sea face a different kind of delay-causing threat as they go around the southern tip of Africa: storms and 30-foot swells.

Material Savings 305

Material Savings Los Angeles Waste Reduction Logistics Network Optimization Software 305

BlueYonder

APRIL 11, 2024

Any SKU that is currently stocked at the proper level (usually called a presentation stock) and has any forecast at all will call for a replenishment as soon as possible. All these shipments will put demand on the distribution center (DC) today, even though there is virtually no chance that all will order within the next few weeks.

Forecasting 119

Forecasting DC Inventory Reduction Retail 119

Supply Chain Shaman

AUGUST 12, 2022

Analyze the Coefficient of Variation (COV) at different points in the demand hierarchy to understand forecastability, and analyze the bias, FVA and latency of the current plan. He was also unaware of how to measure Forecast Value-Added, the Bullwhip impact and the health of inventory. Hire a consultant to help.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Modeling Software Modeling 195

Logistics Viewpoints

JUNE 26, 2023

Demand sensing involves the use of the external data sources – particularly the latest sales and market data – to improve short-term forecasting and then be able to use that improved understanding of consumer behavior to improve their supply planning. The stock rebalancing skill is designed to enable Mars to optimize DC to DC shipments.

Supply Chain Planning Software 210

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 210

Herlitz Inventory Management

JANUARY 18, 2023

What is Demand Forecasting? Demand forecasting is a vital activity for wholesale and retail purchasing teams. Demand forecasting is a process that helps retailers and wholesalers predict future consumer demand. There are various forecasting methods available, many of which have been used since the early days of modern retail.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Procurement Solutions 52

The Network Effect

JANUARY 17, 2016

As defined by an ERP configuration, their best practice processes lead most CPG companies to run with over 60 days of inventory, retail forecast accuracy of 60%, DC forecast accuracy of 80%, and supplier forecast accuracy of 60%.

Vendor Strategies 100

Vendor Strategies Buyer Training Negotiating Skills Inventory Reduction 100

o9 Solutions

SEPTEMBER 7, 2021

Retailers, in particular, realized traditional forecasting models that use historical sales data, were inadequate in predicting sales during the COVID-19 pandemic. Market knowledge improves forecast accuracy and explainability. Slow movers where the volume of sales for items may be too small to generate a robust forecast.

Forecasting 52

Forecasting Modeling Forecasting Software Demand Planning Software 52

Talking Logistics

APRIL 18, 2017

There are many reasons why: When the distribution center (DC) is out of something displayed on the website, it can be fulfilled from store inventory. Those breadcrumbs—or demand signals in inventory terms—can lead the way to stronger forecasts and a better pooled inventory strategy. Read more at Manhattan Associates blog.

Inventory Reduction 124

Inventory Reduction Supply Chain Optimization Price Mitigation Strategies Inventory 124

Logility

MARCH 2, 2011

One of the most profitable moves a supply chain team can make is optimizing replenishment in a multi-tiered distribution network (manufacturer to DC, DC to Retailer, etc.). I have found many companies miss the boat with a single-echelon approach that simply replenishes the warehouse or the DC separately. Expediting policies.

Waste Reduction 100

Waste Reduction DC Inventory Reduction Modeling 100

DELMIA Quintiq

DECEMBER 7, 2015

In e-commerce, the supply chain begins from the point we procure our products to the point they reach the distribution center (DC) and finally, to the customer’s doorstep. Yes, because technology is important especially for the upstream portion of our business – it offers better analytics and forecasting.

Supply Chain Planning Software 120

Supply Chain Planning Software Singapore Supply Chain Software Forecasting Software 120

SupplyPike

APRIL 10, 2020

Learn how to: Keep your logistics on time and prepared Maintain your replenishment goals Properly forecast and redefine your demand plan Use technology to help. You should also check your event forecast frequently, multiple times per week preferably. Forecasting. How SupplyPike is helping.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 98

o9 Solutions

JANUARY 19, 2022

In this first of two blogs, we will cover the need for demand forecasting excellence. Robust Demand Forecasting is Critical for an Agile Supply Chain Response. To respond to changing consumer buying patterns quickly, forecasting techniques that leverage demand sensing capabilities are being deployed. View Whitepaper.

Forecasting 52

Forecasting Sourcing Strategies Inventory Reduction Inventory Management Software 52

o9 Solutions

JANUARY 19, 2022

In this first of two blogs, we will cover the need for demand forecasting excellence. Robust Demand Forecasting is Critical for an Agile Supply Chain Response. To respond to changing consumer buying patterns quickly, forecasting techniques that leverage demand sensing capabilities are being deployed. View Whitepaper.

Forecasting 52

Forecasting Sourcing Strategies Inventory Reduction Inventory Management Software 52