Supply Chain Shaman

NOVEMBER 15, 2023

When deploying enterprise decision support applications, there are many implementations and lots of hype but few clear and consistent definitions. The essence of the question is resilience and the ability to forecast in a variable market reliably. This gets us to the question of what is the role of the forecast?` The takeaway?

Supply Chain Planning Software 386

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 386

Supply Chain Shaman

DECEMBER 7, 2023

Expand the “FLOW” program for logistics information sharing to forecast transportation flow. We are not clear on definition. So, if you use the Supply Chain Insights definition, you might ask, how are we doing commercially against this goal? Align on definitions. But few define it with use. The reason?

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 303

Supply Chain Shaman

APRIL 16, 2024

Let’s start with definitions: Self Service Planning: Decision support technologies designed for business leaders to use analytic techniques on a collaborative platform to improve business planning. Their messaging is generally to an IT audience, assuming that the current definition of the solution footprint (taxonomy) is sufficient.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

ThroughPut

DECEMBER 5, 2023

Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. The lack of forecasting accuracy can easily spill hardship into other departments. Let’s start with the definition.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Supply Chain Insights

JANUARY 3, 2024

The testing shows that an outside-in process improves Forecast Value Added (FVA) by 10%, removes signal balance, and improves the time to know by 150%. In this report, we share thoughts on the definition of an outside-in model.

Handbook 263

Handbook Supply Chain Planning Software Supply Chain Planning Scenario Planning 263

Supply Chain Shaman

SEPTEMBER 25, 2017

And, even if we can afford the costs, we don’t get good answers with our current forecasting processes,” stated the supply chain leader on the phone. Inherently, business leaders know that traditional forecasting processes are inadequate. The bad news is unlearning traditional forecasting processes is hard.

Forecasting 152

Forecasting Forecasting Software Supply Chain Planning Software Demand Planning Software 152

Supply Chain Shaman

SEPTEMBER 10, 2023

The continuation of the belief in the definition of today’s supply chain planning is a tangled web that we weave that is a bit of a mess. His position was that the research that I was writing was not being aggressive enough in the definition of global supply chain planning requirements. The year was 2004. Measurement.

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

Supply Chain Shaman

OCTOBER 11, 2023

Definition Anomaly: something that deviates from what is standard, normal, or expected. Definition As I follow the evolution of supply chain technology, I am struck by what I see as a stream of paradox and anomaly, and the tendency of supply chain leaders to cling to convention.

Supply Chain Planning Software 379

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 379

ToolsGroup

NOVEMBER 15, 2016

In 2016, it seemed as if everyone in supply chain was looking to improve their forecasting performance. Unsurprisingly, the highest percentage of respondents in a recent Gartner/Supply Chain Digest survey selected forecast accuracy and demand variability as the top barriers preventing them from reaching their broader supply chain goals.

Forecasting 120

Forecasting Forecasting Software Supply and Demand Modeling 120

Logistics Viewpoints

JANUARY 26, 2021

The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. There are Also Commercial Reasons. The Road to Agility and Resilience.

Agile and Lean Supply Chain 268

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Supply Chain Strategy 268

SCMDOJO

DECEMBER 14, 2023

To make things simpler, having a clear lead time definition helps in making sure orders are fulfilled on time and customers are satisfied. With this in mind, we will explore in this blog the definition of Lead Time, its impact, and how mastering it can be your competitive advantage.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

Supply Chain Shaman

FEBRUARY 26, 2024

Shown in Figure 1 is the definition of the layers of outside-in planning. They implemented a simple planning technology with an outside-in channel-centric model (Ship to model definition). Start by analyzing your Forecast Value Added by demand stream. Here I provide a Q&A from the session on Friday. What defines maturity?

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

Arkieva

FEBRUARY 18, 2020

In a recent blog on Inventory Forecasting the core challenges and business importance of estimating inventory are outlined. Optimized” Inventory Forecasting a Co-Product of Optimized Central Planning was first posted on February 18, 2020 at 8:08 am.

Forecasting 101

Forecasting Modeling Optimization Modeling Supply Chain Optimization 101

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 Shaman

JUNE 30, 2023

Each executive has a different perspective on the definition of supply chain excellence, but they are never discussed and aligned. Here is my suggestion: Try to Align the Organization on the Definition of Supply Chain Excellence. The definition of the efficient supply chain in this model is the lowest cost per unit.

Supply Chain Planning Software 312

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 312

ThroughPut

OCTOBER 7, 2022

Step Up Demand Planning Efforts with a Robust Forecasting Model . Demand forecasting can be a game changer in today’s volatile environment. Infact, according to McKinsey , applying AI-driven demand forecasting to supply chain management can cut down errors by 20-50% and this helps reduce lost sales by 65%.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

ThroughPut

MAY 13, 2022

In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Supply Chain Shaman

JUNE 29, 2021

Our goal is to continually redefine the definition of supply chain excellence. The number of shallow definitions in the market is a pet peeve for me. Let me share some and see what you think: Does forecast ownership make a difference in outcomes? What is the forecast error of winning companies?

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 369

ThroughPut

MAY 13, 2022

In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. . Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Supply Chain Opz

AUGUST 2, 2017

And no function is more at the forefront of that endeavor than demand forecasting. In order to do that, forward planning is key, and accurate forecasts are a critical input. Given that demand can change every day, forecasting becomes the ultimate adventure. Agility and responsiveness, aligned with cost effectiveness, is the aim.

Forecasting 100

Forecasting Supply and Demand Forecasting Software Supply Chain Planning Software 100

Supply Chain Shaman

MARCH 21, 2023

The traditional efficiency model, embraced by most organizations as the definition of supply chain excellence, focuses on the reduction of labor costs. Organizational Alignment Organizational Alignment in 2019 I believe that there are five root issues increasing inventory: Decrease in Forecastability. The logic is flawed.

Inventory Reduction 382

Inventory Reduction Inventory Price Reduction Cost Reduction Strategies 382

Supply Chain Shaman

FEBRUARY 16, 2024

Let’s Start With Clear Definitions My inbox is full. The market is flooded with references to AI, but few stop to give a definition. To combat the hype cycle to drive value, I think that we need to get clear on use cases and definitions. Before reading this post, consider reading my prior blog post, Don’t AI This.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 374

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. So this is definitely something from the supply side, what is the takeaway?

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

Unleashed

FEBRUARY 14, 2024

Improve your forecasting accuracy, helping you to plan your future production and purchasing activities. The JIT method requires accurate demand forecasting and close coordination with suppliers and customers. Ensure on-time deliveries that meet consumer expectations to enhance your customers’ loyalty, retention, and referrals.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Arkieva

SEPTEMBER 27, 2019

Probabilistic Forecasting and Confidence Intervals was first posted on September 27, 2019 at 11:18 am. Historically, most of the key planning and computational activities (models, time series, machine learning, and other analytics) that support extended supply chain management (SCM) are “deterministic models”.

Forecasting 61

Forecasting Forecasting Software SCM Modeling 61

Supply Chain Shaman

MAY 9, 2023

The problem is that few companies have a clear definition of excellence compounded by the lack of clear definition of a business strategy. and there were no respondents that rated their process effective on this definition. The answer lies in the lack of clear definitions to drive outcomes. I used to think so as well.

S&OP 330

S&OP Supply and Demand Supply Chain Planning Software Sourcing Strategies 330

Supply Chain Shaman

FEBRUARY 5, 2020

The road map for a successful S&OP process is 60% change management, 30% process definition and 10% technology. Modeling is effective with an improvement in Forecast Value Added (FVA) (the average company that I work with has FVA degradation of 18%). Clarity of Definitions. I share a client example in Figure 3. Governance.

S&OP 316

S&OP Supply and Demand Forecasting Supply Chain Planning Software 316

Arkieva

JANUARY 16, 2020

Inventory Forecasting is the process in which the historical sales data, historical purchasing data, current demand planning, planned production, and distribution resource plan data are used for predicting inventory levels in a future time period. What is Inventory Forecasting & Why your Business needs it?

Forecasting 62

Forecasting Inventory Supply and Demand Supply Chain Planning 62

BlueYonder

JANUARY 24, 2022

This blog post on forecast evaluation discusses common pitfalls and challenges that arise when evaluating probabilistic forecasts. Our aim is to equip Blue Yonder’s customers and anyone else interested with the knowledge required to setup and interpret evaluation metrics for reliably judging forecast quality.

Forecasting 71

Forecasting Forecasting Software Predictive Analytics Software Groups 71

Logistics Viewpoints

SEPTEMBER 8, 2023

to increase stake in India’s Flipkart H-E-B opens its biggest e-commerce fulfillment center ever NRF Announces Acquisition of Reverse Logistics Association Rockwell Automation announced it has signed a definitive agreement to acquire Ontario, Canada-based Clearpath Robotics.

Logistics Network Optimization Software 233

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 233

Supply Chain Trend

APRIL 25, 2024

It has been suggested to include a market, customer, and competitor view in a strategy definition for more than 50 years. This definition pretty much describes what Gattorna means with dynamic supply chains, but without going into detail to define the complexity of the underlying operating model (the how ) that is required to support it.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 78

Unleashed

JUNE 1, 2023

Perpetual inventory system definition A perpetual inventory system centralises your inventory data and tracks your inventory in real-time to give you a precise inventory count instantaneously. The data from your perpetual inventory system can then be used to forecast sales trends and calculate reorder points.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Optimization Software 52

Unleashed

FEBRUARY 12, 2024

Inventory optimisation Analyse historical sales data, demand forecasts, and lead times using inventory optimisation software to determine the ideal stock levels for each product. Accurate demand forecasting Enhance demand forecasting accuracy by leveraging advanced analytics, historical data analysis, market trends, and customer insights.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Arkieva

APRIL 26, 2018

Here are some guidelines on selecting the right statistical forecasting methods for your business. Which Statistical Forecasting Methods Should I Use? was first posted on April 26, 2018 at 8:35 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

Forecasting 61

Forecasting Guidelines Supply Chain Supply and Demand 61

Supply Chain Shaman

JULY 25, 2021

Implementation of Sales Forecasting. The focus on sales forecasting started shortly after Y2k. Few companies measured the impact on error and bias through the rigor of Forecast Value Added (FVA) analysis. While the input from sales on market trends is invaluable, sales should never be asked to forecast. The reason?

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Shaman

JULY 23, 2023

The higher the volume and the more forecastable the product, demand latency is days (usually two weeks). Let’s start with a definition of concurrency. I find that it is a frequently used term with many different definitions. As shown in Table 2, there are three commonly used definitions. Think he will get it?

Supply Chain Planning Software 330

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 330

Unleashed

MAY 1, 2023

An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. The definition of inventory control chart is a chart that displays the lifecycle and replenishment factors of a product being sold by a business. It helps businesses determine when to reorder stock, and how much of it to order.

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52