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

JUNE 19, 2023

It also suggests that the total value delivered by AI will be more limited than consultants from McKinsey are forecasting. In dynamic slotting, goods for which there is high demand are located nearer to the shipping docks to minimize travel. Sometimes the right place for inventory isn’t in the storage slots in the warehouse.

Supply Chain Design Software 274

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

Supply Chain Shaman

JUNE 24, 2022

Price of Ocean Shipping Business Continuity. 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.

Supply Chain Planning Software 397

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

GlobalTranz

MAY 26, 2021

The manufacturing firm would then have to organize shipping of the defective product, testing the product, dismantling, repairing, recycling, or disposing of the product. Meanwhile, an additional 18% charge for the shipping and processing costs of returns. The Rise of Reverse Logistics in the E-Commerce Freight Shipping World.

Reverse Logistics 296

Reverse Logistics Material Savings Logistics Network Optimization Software Logistics 296

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. that made OTIF fail repeatedly at scale.

Supply Chain Planning Software 307

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 307

Logistics Viewpoints

DECEMBER 5, 2022

Yes, SAP had inbound ASN’s (advanced ship notices). In one major case in 2017, the Hanjin Shipping company was declared bankrupt by South Korean courts. Or if the ship was in transit, Molex could see the geoposition and the speed of the vessel, and we could clearly tell it wasn’t going to go where it was supposed to go.

Agile and Lean Supply Chain 273

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 273

Logistics Viewpoints

FEBRUARY 1, 2021

The Solvoyo solution is not just a forecasting and replenishment solution. Further, Solvoyo’s planning is also dependent on the shipment packaging hierarchy – this SKU ships in a carton containing 4 items, or perhaps, the SKU cartons make up a layer on a pallet with 16 items. Solvoyo is an end-to-end planning solution.

Supply Chain Planning Software 261

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

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. Moreover, products can be shipped to stores in-time then lost sales is minimal.

Case Study 239

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

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

Logistics Viewpoints

JULY 12, 2024

Ongoing attacks on vessels in the Red Sea by Yemen’s Houthis continue to disrupt shipping lanes in the chemical industry’s supply chain, according to Al Greenwood, chemicals expert and deputy editor at ICIS. shipping containers and stacking them up to six high. And now on to this week’s logistics news.

Material Savings 307

Material Savings Los Angeles Waste Reduction Logistics Network Optimization Software 307

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. For example, when I used to ship ice cream by reefer container to China from the west coast, the time on the ship was 12-18 days.

Supply Chain Design Software 259

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

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. For the largest retailers, short shipping results in fines and penalties. “I’ll

Supply Chain Planning Software 210

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

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

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 118

Forecasting DC Inventory Reduction Retail 118

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

Logistics Bureau

DECEMBER 6, 2024

From a shipping standpoint, reverse logistics works well when the product being returned is routed directly to the correct location. Reps work with customers to get computers installed and working as required, rather than shipping them back. Forecast demand better. Pay for the return not to happen.

Reverse Logistics 74

Reverse Logistics Logistics Network Optimization Software Vendor Strategies Cost Reduction Strategies 74

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. Suppliers are also seeing issues with shipping companies being overwhelmed. You should also check your event forecast frequently, multiple times per week preferably.

Supply Chain Planning Software 98

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

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

Operations and Supply Chain Management

OCTOBER 18, 2021

Forecasting Shipping Delays; Cargo Swamps Airports; Alibaba’s Challenge. Hunt’s third-quarter earnings signal a strong market for freight operators, but increasingly restrained economic forecasts suggest clouds on the horizon. Some 100 container ships are anchored off the Hong Kong and Shenzhen ports waiting for berth space.

Forecasting 52

Forecasting Cargo Forecasting Software Logistics Network Optimization Software 52

o9 Solutions

JANUARY 19, 2022

The objective was to deliver products to consumers at the lowest possible costs, with standardized assortments produced at the cheapest locations and shipped in the most efficient quantities. In this first of two blogs, we will cover the need for demand forecasting excellence. Market knowledge can improve forecast accuracy.

Forecasting 52

Forecasting Sourcing Strategies Inventory Reduction Inventory Management Software 52

o9 Solutions

JANUARY 19, 2022

The objective was to deliver products to consumers at the lowest possible costs, with standardized assortments produced at the cheapest locations and shipped in the most efficient quantities. In this first of two blogs, we will cover the need for demand forecasting excellence. Market knowledge can improve forecast accuracy.

Forecasting 52

Forecasting Sourcing Strategies Inventory Reduction Inventory Management Software 52

Alloy

SEPTEMBER 3, 2019

Units on Hand Units on Hand is the number of units of a product that are physically available at a given point along the supply chain, such as a store or retailer DC. It also provides brands with insight into retailer replenishment models, especially from DC to store, so you can make actionable recommendations.

Forecasting 40

Forecasting Forecasting Software Alloy Retail 40

Talking Logistics

MAY 17, 2017

Two dock doors aren’t operating properly and, as a result, the inflow of goods into the DC is slower than usual. A trailer ships every three days and the average shipment distance is 200 miles at a cost of $400 per move, according to data from the U.S. Department of Transportation and the American Trucking Associations.

Negotiating Skills 133

Negotiating Skills Forecasting Software Supply Chain Network Software Demand Planning Software 133

Logility

APRIL 15, 2020

While extremely valuable, any reputation forecasting has can quickly be tarnished by bad experiences. A more fundamental issue is knowing what business problems forecasting can address. Outlined below are five of the best use cases for forecasting based on dozens of projects our customers have executed with our technologies.

Forecasting 248

Forecasting Forecasting Software Predictive Analytics Software Demand Planning Software 248

GlobalTranz

SEPTEMBER 4, 2015

Abtin Hamidi , according to JOC Magazine , believes the driver crunch is simply a masquerade for hidden shipping spaces. Without thinking about shipping, how has technology changed the lives of every person on a communicative scale? This Decade’s Management Forecast: Cloudy. Think about the facts of the driver crunch.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Demand Planning Software Analytics Software 120

Logility

DECEMBER 14, 2012

KGP Logistics’ primary challenge was to accurately forecast its product sales, manage inventory targets and optimize supply plans to improve customer service levels while accelerating inventory turns. At KGP Logistics the results driven by the Logility Voyager Solutions implementation have been significant.

Supply Chain Planning Software 100

Supply Chain Planning Software Agile and Lean Supply Chain Optimal Sourcing Supply Chain Software 100

Supply Chain Action Blog

JULY 8, 2021

Amanda has been using some of the common metrics for forecast accuracy, including MAPE (mean absolute percentage error) and weighted MAPE, but the statistical forecast doesn’t seem to improve and the qualitative inputs from marketing and sales are hit or miss. Amanda’s company just bought a commercial forecasting package.

Forecasting 40

Forecasting Forecasting Software Optimal Sourcing Modeling 40

C3 Solutions

JUNE 19, 2020

1] To put that in perspective the United States' gross domestic product (GDP) for 2019 is forecast to reach $21.439 trillion. [2]. That doubles the pressure to move things along in the DC, as well as create efficiencies to keep delivery costs down and also to offset them by saving costs in other areas. Distribution Centre Automation.

Supply Chain Software 137

Supply Chain Software Distribution Retail Supply Chain Design Software 137

Talking Logistics

JUNE 23, 2017

UPS Establishes New Peak Shipping Charge. DC Velocity). FedEx forecasts higher profit for FY 2018 (Reuters). Regarding the peak surcharge UPS announced this week, check out my post from yesterday: Free Shipping is Costing More (As Small Packages Flood Delivery Networks). Carrier warehousing, anyone? (DC

Logistics Network Optimization Software 0

Logistics Network Optimization Software Logistics Supply Chain Network Software Food 0

Talking Logistics

JANUARY 13, 2016

For example, a study by the FMI/GMA Trading Partner Alliance found that 78 percent of manufacturers do not use retailer-supplied forecasts in their own production and deployment planning. Manufacturing and distribution plans can no longer be based on what was shipped from the DC last month. 2016 Connectivity Predictions.

Supply Chain Planning Software 100

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 100

Cathy Roberson

AUGUST 1, 2022

The planning typically begins at the start of the year as shippers work with carriers to share updated forecasts of capacity requirements throughout the year to ensure parcels are delivered on time during the season. However, if shippers under or overestimate their forecasted capacity requirements, they could incur a penalty from carriers.

Inventory Reduction 96

Inventory Reduction Forecasting Cost Reduction Strategies Forecasting Software 96

6 River Systems

JUNE 12, 2020

As the 2019 holiday season approached, analysts at Ingram Micro Commerce & Lifecycle Services forecasted a 10x increase in order volume between Black Friday and Christmas Day. The DC installed Mobile Sort , 6 River Systems’ flexible sortation system that allows sort walls to pop up when volume and order profile demands.

Supply Chain Design Software 80

Supply Chain Design Software Optimization Software Forecasting Software Supply Chain Planning Software 80

Supply Chain Game Changer

NOVEMBER 8, 2022

From Click to Ship in 4 Minutes! Notable as well is the fact that demand forecasting is notoriously inaccurate, particularly for new products with no prior history. To get product from one coast to the other meant a delay in getting to market by the amount of time it took to get out of the DC and shipped across the country.

Supply Chain Design 119

Supply Chain Design Supply Chain Planning Supply Chain Strategy Manufacturing Procurement 119

BlueYonder

AUGUST 31, 2021

Traditionally, retailers have been good at forecasting demand and placing items in the distribution network based on where these consumers are most likely going to buy from.?This Leveraging Blue Yonder’s e-commerce capabilities , the 3PL can determine where the 1,000 units need to be placed across the distribution centers (DC) and network.?.

3PL 75

3PL Optimal Sourcing Trends Logistics Network Optimization Software 75

Turvo

JUNE 12, 2020

In today’s world, anyone can start a business, grow into a successful broker, and work with the biggest names in shipping. work with shippers to secure more bookings,” always fail, notes DC Velocity. According to TruckingInfo , “that gives us the capability to forecast out much farther than our competitors.

Analytics Software 72

Analytics Software Analytics Expense Reduction Cost Reduction Strategies 72

crisp

JANUARY 13, 2025

With the right data visibility, suppliers can reduce out-of-stocks by leveraging real-time DC and store-level information to implement more effective stock management strategies. “In line reviews, our forecast accuracy is much better [than other suppliers] because of our access to store-level data.”

Waste Reduction 40

Waste Reduction Price Reduction Inventory Reduction Cost Reduction Strategies 40

SupplyPike

MARCH 23, 2020

The product will have to be shipped from the reserve storage in the supplier’s warehouse to the primary storage in the retailer’s distribution center and then onto the store itself. Just one Walmart DC is one million square feet, so it can be tough making sure all products are where they need to be. Did we ship in full?

Forecasting Software 52

Forecasting Software Supply Chain Planning Software Forecasting Procurement Analytics 52