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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely!

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ToolsGroup Acquires Mi9 Retail’s Demand Management Business

ToolsGroup

Mi9 Retail’s Demand Management business was formerly known as JustEnough Software. BOSTON (Nov 8, 2021) – ToolsGroup , a global leader in supply chain planning and optimization software, today announced its acquisition of Mi9 Retail’s Demand Management business.

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Achieving Significant Transportation Savings through Improved Demand Forecasting

Logistics Viewpoints

When companies implement a demand management or replenishment system, the goal is usually to improve customer satisfaction while holding less inventory. The implementation also involves leveraging weather data to improve forecasting. The forecasting projects were focused on secondary distribution. This is also rare.

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Just Jump

Supply Chain Shaman

During the 1980s, I was on a management team for a large manufacturer. The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team. The So What?

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Why CPG Demand Forecasting Has Hit a Ceiling

ToolsGroup

Most CPG companies have hit a demand forecasting ceiling. And complexity creates a challenge of how to forecast accurately when faced with new items, new channels and demand shaping. Recent evidence strongly suggests that traditional forecasting techniques in this environment have reached their limits and hit a ceiling.

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Transversing the Paradox River

Supply Chain Shaman

Today, it is a skewed distribution with only 7% of manufacturing and retailers claiming to be innovators to drive first-mover advantage through technology. I often laugh when companies ask me to define a good forecast. No network provider is driving interoperability between networks or break through thinking in outside-in processes.

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My Take: Let’s Admit Seven Demand Management Mistakes of the Last Decade

Supply Chain Shaman

After two decades of process and technology refinement, excellence in demand management still eludes supply chain teams. Supply Chain Management (SCM) concepts are now thirty-years old. The first use of the term supply chain management in the commercial sector was in 1982. Eager executives drink the magic elixir.