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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. Some suppliers of demand management software can also provide excellent forecast benchmarking for selected industries. The model can be updated to reflect a demand spike for that city during the relevant period.

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How Can You Seize Opportunity If You Cannot Manage Risk?

Supply Chain Shaman

Companies with the lower score on the Index are driving faster rates of metrics improvement. Energizer and Unilever are driving the fastest rates of improvement and Clorox and P&G improvement rates are the slowest on the Metrics That Matter of Growth, Operating Margin, Inventory Turns, and Return on Invested Capital (ROIC)).

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Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

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. Low volume inconsistent demand. Use this data to understand demand predictability. Let’s take an example. New product launch.

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Demand Planning Key Features

DynaSys

In demand planning, it’s crucial that you’re all working with the same data sets and metrics when making your plans. If your sales team is working off a different metric, you’ll run into issues in production when your demand plan doesn’t register these potential sales. Event management.

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Your supply chain is costing you money – Reason #3 Not having end-to-end supply chain visibility

Kinaxis

Accept the order and hope / pray that everything aligns and you actually can deliver on time… maybe event at a profit. You cannot look at aggregated data without running specialized reports or extracting the data and loading it into a BI tool.Visibility also means understanding the impact of your decisions on key corporate metrics.

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A Toast to the Shaman

Supply Chain Shaman

The most popular posts are on demand management and Supply Chain Metrics that Matter. They are asking me to put on a content-rich, small event that will be limited in vendor attendance. So, we have designed an event that will be limited to 120 people with a maximum of 40 vendors (IT providers and consultants).

Gartner 181
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Adventures in Forecasting in the Supply Chain

Supply Chain Opz

Irregular demand, as a consequence of changing customer requirements, now makes operating in new and volatile emerging markets essential to business growth. Then, if you add additional requirements around new product introductions as product life-cycles shorten, the need for effective demand management skills becomes even more complex.