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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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The fundamentals of demand planning and forecasting

EazyStock

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order.

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The fundamentals of demand planning and forecasting

EazyStock

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order.

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The Evolution and Future of Demand Management

ThroughPut

But to not be able to understand or manage that demand, given the market volatility created by higher customer expectations and shorter fulfillment cycles, has created continuous ripples of chaos in the entire supply chain. Are we able to intuitively align inventory to match demand? If not, how do we get there?

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Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

I forecast that this interest will grow and the market is going to become more confusing. One of my favorite supply chain leaders has a stack of Palantir reports in black binders on his desk. The Palantir approach is not a good fit for the supply chain management market. Kinaxis Purchase of Rubikloud. Let me explain.

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What is Lean Retail (+ Why Retailers Must Embrace It)

ToolsGroup

With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. The impact of lean retail practices can be felt throughout the supply chain.

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Do You Want to Sell on Amazon.com? Their Cyber Bots Demand Strong Fulfillment Performance

Logistics Viewpoints

The solution uses machine learning, analytics, and automation to drive purchasing. In some cases, the e-tailer site is reporting a stock out when that is not the case at all. But more importantly, CommerceIQ improves indirect ecommerce forecasts. But the forecast can be very wrong.