Kinaxis

FEBRUARY 5, 2015

by Melissa Clow Our partner Celestica recently published the following article, ‘What If You Could Take The Guesswork Out Of Forecast Planning?’. Demand planning has a big impact on business performance. Persistent planning biases can tie up cash by driving excess inventory. How predictable is the demand? Let’s find out.

Forecasting 100

Forecasting Supply Chain Planning Software Forecasting Software Scenario Planning 100

The Smart Software

MARCH 13, 2019

Consider what is meant by “demand management”, “demand planning”, and “forecasting”. These terms imply certain standard functionality for collaboration, statistical analysis, and reporting to support a professional demand planning process.

Forecasting 51

Forecasting Forecasting Software Supply and Demand Supply Chain Planning Software 51

Supply Chain Shaman

AUGUST 7, 2019

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. inventory turns. for inventory turns define best-in-class performance? for inventory turns define best-in-class performance?

Supply Chain Design Software 252

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ToolsGroup

DECEMBER 16, 2021

Examples include: Using sophisticated forecasting and replenishment algorithms to buy and allocate just the right quantity of merchandise, and avoid keeping extra stock on the shelves. Intelligent demand management software is the key technology enabler of lean retail merchandise management. Retailers are losing $1.75

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

Supply Chain Shaman

OCTOBER 8, 2017

If we look back at history, 70% of companies implemented Vendor Managed Inventory (VMI), however two-decades later only 1% of companies use VMI processes to drive a better demand signal. On one extreme, there is an argument that forecasts are always wrong, “Why do them at all?” ” I am in the middle.

Supply and Demand 158

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 158

Vinculum

JUNE 3, 2020

Inventory management plays a vital role in building a sustainable, scalable and profitable eCommerce business. No matter how expert you are, how bigger or smaller your business may be, what products you sell, or who do you serve, lack in your inventory management can bring bigger challenges in your business success.

Inventory Management Software 59

Inventory Management Software Forecasting Software Supply Chain Planning Software Demand Planning Software 59

Logility

JANUARY 22, 2014

Demand management has always been at the top of supply chain professionals’ list of challenges. Could there be a connection between the use of spreadsheets and the lack of visibility, poor promotional performance, and growing inventory levels for some companies? I think so. They were also more productive.

Demand Planning Software 101

Demand Planning Software Supply and Demand Supply Chain Planning Software Demand Management 101

Supply Chain Opz

APRIL 15, 2015

What inventory book can help you to cut inventory costs? In this article, we will show you 10 best inventory book that readers at all levels can learn from. Inventory Management Overview Many people think inventory management is a clerical task but they're absolutely wrong.

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Material Savings Inventory 100

Supply Chain Shaman

MARCH 27, 2014

I also continued to work on the manuscript for the book Metrics That Matter to publish in the fall of 2014. So, I am going to focus here and share my answer: Demand sensing is the application of analytic technologies to detect short-term patterns in channel data and translate it into distribution requirements. It makes a difference.

Supply and Demand 284

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Supply Chain Shaman

JUNE 30, 2018

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)).

Supply Chain Design Software 164

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 164

Logility

JANUARY 16, 2018

This is especially true for those that work in and manage the demand planning process. Sometimes demand planners focus too much on forecast accuracy and miss seeing the forest for the trees. This sounds a lot like the definition for demand planning to me. And now back to that crux.

Supply and Demand 102

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software 102

Taulia

OCTOBER 17, 2022

It’s also an essential component in forecasting. Cash flow management involves overseeing and managing cash from all sources. The measurement of cash flow is key to efficient cash flow management. Key metrics for measuring cash flow include: 1. These include: Improving forecasting ability.

Optimal Sourcing 81

Optimal Sourcing Expense Reduction Inventory Reduction Forecasting 81

Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. The supply chain needs to respond to market demand and consumer sentiment. Demand processes are evolving. Markets drive supply chains.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Supply Chain Shaman

JULY 22, 2016

While most companies attempt to shape demand–through promotions, new product launch, pricing, sales incentives and marketing–they confuse demand shaping with demand shifting. Shifting demand increases cost and complexity while shaping demand increases market share or baseline forecast demand for the product.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

Logility

FEBRUARY 23, 2022

and Demand Management, Inc., This marks Logility’s seventeenth year and Demand Management’s thirteenth year of recognition. During the quarter, Demand Management announced a strategic partnership with Royal Cyber, a leading IT consultancy and solutions provider. Demand Management, Inc.

Supply Chain Planning Software 130

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ShipBob

OCTOBER 24, 2022

You never really know how it will all turn out, yet you need to be able to answer questions like these: How many units of inventory do you need to have on hand to be at full stock for each SKU? How often do you project to replenish inventory ? Maybe you only have a slight understanding of demand for your products. That’s fine!

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

ThroughPut

JANUARY 2, 2023

In our last release, the ThroughPut Demand Sensing Module addressed the gaps unveiled by the pandemic and the sudden shift in existing market dynamics. “ Demand Sensing is the first step of putting your end-to-end supply chain on autopilot. 2) Better inventory management. Reliability of lead times and machine times.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Capacity Optimization Software 52

Supply Chain Shaman

MARCH 8, 2016

The initial software product release name was Real-Time Forecasting. The product naming convention changed to Demand Sensing (DS) in 2005. DS replaced rules-based forecast consumption with better math (statistics and pattern recognition). The founders remain, and the company is private, and tightly-held. I hope that this helps.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Arkieva

JUNE 16, 2016

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? Start with a demand analysis. Rely on a quantitative baseline forecast.

Supply and Demand 60

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 60

Alloy

AUGUST 20, 2019

But out of that weekly or daily data deluge, what are the crucial metrics? This metric is the best indicator of true demand because it measures when an end consumer actually buys a product, not just when a retailer places an orders, or sell-in. And how do they inform better strategy and execution moving forward?

Negotiate Pricing 40

Negotiate Pricing Negotiating Skills Alloy Price Reduction 40

Supply Chain Shaman

JANUARY 2, 2023

A large consumer products manufacturer with nine Enterprise Resource Planning (ERP) instances and several divisions wanted to discuss forecasting. The team was not calibrated on the role of forecasting and the basics around process excellence. The question was, “How can I redefine demand planning processes to use channel data?”

Supply and Demand 377

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 377

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

ThroughPut

MAY 20, 2021

In our last release, the ThroughPut Demand Sensing Module addressed the gaps unveiled by the pandemic and the sudden shift in existing market dynamics. Demand Sensing is the first step of putting your end-to-end supply chain on autopilot. Assess the ability to meet future demand, highlight risks and propose mitigation strategies.

Supply Chain Planning Software 40

Supply Chain Planning Software Scenario Planning Capacity Optimization Software 40

ThroughPut

MAY 20, 2021

In our last release, the ThroughPut Demand Sensing Module addressed the gaps unveiled by the pandemic and the sudden shift in existing market dynamics. Demand Sensing is the first step of putting your end-to-end supply chain on autopilot. Assess the ability to meet future demand, highlight risks and propose mitigation strategies.

Supply Chain Planning Software 40

Supply Chain Planning Software Scenario Planning Capacity Optimization Software 40

Aera Technology

DECEMBER 20, 2018

Demand forecasting miscalculations, raw materials and finished goods inventory shortages, manufacturing interruptions and transportation delays are among the many factors that can conspire to send OTIF into a tailspin. By embracing AI-driven cognitive automation, CPG companies can balance competing demands.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Inventory Management Software 40

Logistics Bureau

NOVEMBER 16, 2020

These include the following: Certified Purchasing Manager (CPM): The course is designed to recognise those who have acquired an acceptable level of training, skills, work experience, and effectiveness as a Professional Manager. Finance managers. They also need to keep a check on inventory levels and identify obsolete stock.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Arkieva

JUNE 28, 2016

We might use “availability in Excel directly or with Add-ons” as an “age metric’.). Demand Management. Moving from a point estimate of demand to capturing the likelihood in a usable fashion. Identify latent demand opportunities. Demand Shaping based on buy patterns and your production and inventory capabilities.

S&OP 63

S&OP Procurement Analytics Analytics Software Supply and Demand 63

Supply Chain Shaman

FEBRUARY 25, 2016

Stuck at the intersection of operating margin and inventory turns, only 10% of companies are making progress. Unable to power additional year-over-year improvements at the intersection of cost and inventory, companies struggle. Traditional demand planning uses great statistical modeling to predict the future using order patterns.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Logility

MAY 2, 2021

A frequent conversation on forecasting best practices among demand planners is the growing concern over the use of “one number.” But is using one-number forecasts too suspect given today’s growing availability, visibility, and use of big data, advanced analytics, and intelligent algorithms?

Forecasting 149

Forecasting Forecasting Software Procurement Analytics Prescriptive Analytics Software 149

ThroughPut

MAY 11, 2021

Along with the forecasts for virus containment and economic recovery these changes are essential for forming retail strategies. At the beginning of the pandemic, the demand for items like cleaning supplies like tissue paper rolls, readymade snacks or ready-to-cook food items, vitamins, supplements, and others was high.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Supply Chain Software 52

ThroughPut

MAY 11, 2021

Along with the forecasts for virus containment and economic recovery these changes are essential for forming retail strategies. At the beginning of the pandemic, the demand for items like cleaning supplies like tissue paper rolls, readymade snacks or ready-to-cook food items, vitamins, supplements, and others was high.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Supply Chain Software 52

ThroughPut

MAY 11, 2021

Along with the forecasts for virus containment and economic recovery these changes are essential for forming retail strategies. . At the beginning of the pandemic, the demand for items like cleaning supplies like tissue paper rolls, readymade snacks or ready-to-cook food items, vitamins, supplements, and others was high.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Supply Chain Software 52

BlueYonder

APRIL 24, 2023

Across that complex value chain, every second of every day, each partner is digitally contributing information about costs, timing, inventory levels, product availability and other key metrics. The end result?

Optimal Sourcing 73

Optimal Sourcing Modeling Optimization Software Supply Chain Optimization 73

Unleashed

OCTOBER 5, 2023

Warehouse management encompasses a range of tasks, including: Inventory tracking Order fulfilment Organising storage spaces Optimising layouts Managing personnel Efficient and organised warehouse management plays a crucial role in supply chain management by contributing to timely deliveries and overall customer satisfaction.

Inventory Reduction 52

Inventory Reduction Waste Reduction Material Savings Resource Reduction 52

Material Handling & Logistics

OCTOBER 11, 2017

The longer the lead time is, the more inventory you will need to hold and the greater the risk that you will have shortages of the things you really need. Many companies try to overcome this problem using ERP systems, demand management tools and other advanced software. I am paying half the price so I am prepared to wait.”.

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Lean Inventory Reduction Price Reduction 83

Aera Technology

NOVEMBER 2, 2017

We often lack the basic cross-business visibility we need to address the core challenges of reducing inventory, trimming costs and improving service level. and Aera will provide a real-time answer and even take action, such as autonomously adjusting your forecast. This is the future. And you can start your journey here, today.

Supply Chain Software 58

Supply Chain Software Prescriptive Analytics Software Supply Chain Optimization Agile and Lean Supply Chain 58