Supply Chain Shaman

OCTOBER 8, 2017

On one extreme, there is an argument that forecasts are always wrong, “Why do them at all?” ” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” I do believe in demand planning, but most companies overstate forecast improvements.

Supply and Demand 156

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 156

Supply Chain Shaman

NOVEMBER 21, 2018

2) Forecast Value Added. Forecast Value-Added (FVA) is a measurement of demand management improvement. This measurement adds discipline to the forecasting process by comparing the error and bias of the forecast as compared to the Naïve Forecast. Software from SAS has this as a standard measurement.

Supply Chain Planning Software 195

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 195

Supply Chain Shaman

JUNE 21, 2023

” I smile as I work on data for a client where the greatest risk is demand. The company’s focus on item proliferation resulted in 40% of items moving into a non-forecastable category. With the increase in product complexity, many companies have demand latency longer than supplier lead time.

Gartner 346

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 346

Logility

JANUARY 13, 2022

Demand Management, Inc. delivers affordable, easy-to-use supply chain planning solutions designed to increase forecast accuracy, improve customer service and reduce inventory to maximize profits and lower costs. Customers of New Generation Computing, Inc.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Optimization Software Analytics Software 130

Logility

SEPTEMBER 3, 2021

Demand Management, Inc. delivers affordable, easy-to-use supply chain planning solutions designed to increase forecast accuracy, improve customer service and reduce inventory to maximize profits and lower costs. New Generation Computing, Inc.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Optimization Software Analytics Software 130

Logistics Viewpoints

MAY 17, 2021

The company combines domestic manufacturing with global sourcing. But more importantly, CommerceIQ improves indirect ecommerce forecasts. The inventory that needs to be held for an e-tailer is based on the forecast. Based on the retailer’s forecast, inventory needs to be held to meet the expected sales.

Demand Planning Software 158

Demand Planning Software Modeling Forecasting Supply and Demand 158

Logility

NOVEMBER 4, 2021

Demand Management, Inc. delivers affordable, easy-to-use supply chain planning solutions designed to increase forecast accuracy, improve customer service and reduce inventory to maximize profits and lower costs. Customers of New Generation Computing, Inc.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Optimization Software Demand Planning Software 130

Logility

OCTOBER 22, 2019

Forecasting customer demand has been a critical aspect of business since ancient times. One of the earliest uses of forecasting was implemented by the Egyptians to predict harvest yields based on the availability of water in the Nile River; a classic cause and effect relationship. IRI – Syndicated Data Source.

Optimal Sourcing 105

Optimal Sourcing Modeling Supply and Demand Optimization Software 105

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” Determine Forecastability and Forecast Value Added (FVA). I am often asked to benchmark demand. Executives will ask, “What is a good target for forecast error?” Low volume inconsistent demand. Step Three.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Supply Chain Shaman

NOVEMBER 12, 2018

Companies that are good at demand management understand the need for design–form & function of inventory and push/pull decoupling points –and the orchestration of demand to make better decisions in sourcing, transportation and delivery. Orders are not a good representation of demand. How about you?

Supply and Demand 167

Supply and Demand Modeling Inventory Reduction Manufacturing Procurement 167

Logility

FEBRUARY 18, 2020

An ML system may be given a data feed — actual product sales, weather, and an existing forecast, for example — and be asked to draw conclusions about it. Machine Learning has been used to improve demand forecasting since the early 2000s. Getting data from numerous internal and external sources is a major challenge.

Supply Chain Planning Software 182

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply and Demand 182

ThroughPut

NOVEMBER 18, 2022

Traditional techniques of demand forecasting in the supply chain can no longer predict these changes in the demand-supply network. These granular details aim at creating the perfect balance between surplus and adequate inventories in the absence of quality demand signals which otherwise can be a challenge for many.

Supply and Demand 52

Supply and Demand Demand Planning Software Supply Chain Planning Software Supply Chain Software 52

Logistics Viewpoints

JULY 6, 2021

Thanks to demand planning innovations, supply chain planners are detecting potential demand spikes before they become global phenomena – even when that data comes from outside sources, like TikTok or Google Trends. They even take into consideration disruption severity or risk tolerance.

Supply and Demand 162

Supply and Demand Modeling Demand Planning Scenario Planning 162

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

Supply Chain Shaman

NOVEMBER 11, 2020

I forecast that this interest will grow and the market is going to become more confusing. Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. The supply chain career is new.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297

DynaSys

AUGUST 19, 2021

But what should the role of demand planner in demand planning play within your supply chain? Demand planners facilitate the process of getting to the demand plan by generating insights from different sources of data. Secondly, a demand planner should have the ability to analyze the historical data.

Supply and Demand 52

Supply and Demand Demand Planning Modeling Supply Chain Planning 52

Taulia

OCTOBER 17, 2022

It’s also an essential component in forecasting. Cash flow management involves overseeing and managing cash from all sources. Cash flows from financing activities are the inflows associated with the funding of a company from external sources and the costs associated with that funding. Measuring cash flow.

Optimal Sourcing 81

Optimal Sourcing Expense Reduction Inventory Reduction Forecasting 81

ToolsGroup

OCTOBER 24, 2017

Source: The Enterprise System Spectator. In recent months four experts have weighed in on Demand Driven Material Requirements Planning (DDMRP). However, she disagrees with DDMRP’s principles of forecasting and the use of demand sensing technologies. He is a great thinker on inventory planning and demand management.”

Supply Chain Planning Software 185

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 185

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

SYSPRO Smarter ERP

FEBRUARY 2, 2022

It can dynamically manage stock replenishment and preferred stock levels based on many variables – internal ones such as current stock levels, lead times, historical and seasonal sales, days of supply, and external ones like market data, weather trends, and social media data. Supplier management. Order fulfillment.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Management Software Inventory Management Inventory Reduction 105

Logility

JUNE 8, 2022

With continued strain on the global supply chain, this past year truly underscored the need companies have for more accurate demand forecasting, inventory optimization and resilient sourcing strategies. Demand Management, Inc. Customers of New Generation Computing, Inc.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimization Software 173

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). There is greater dependency on third parties for manufacturing and sourcing.

Supply Chain Planning Software 150

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

ThroughPut

MARCH 30, 2021

Traditional techniques of demand forecasting in supply chain can no longer predict these changes in the demand-supply network. AI in supply chain management fuels accuracy, efficiency, and reliability across your supply chain. Demand Forecasting vs Demand Sensing in Supply Chain.

Supply and Demand 52

Supply and Demand Supply Chain Software Demand Planning Software Supply Chain Planning Software 52

ThroughPut

MARCH 30, 2021

Traditional techniques of demand forecasting in supply chain can no longer predict these changes in the demand-supply network. AI in supply chain management fuels accuracy, efficiency, and reliability across your supply chain. Demand Forecasting vs Demand Sensing in Supply Chain.

Supply and Demand 52

Supply and Demand Supply Chain Software Demand Planning Software Supply Chain Planning Software 52

Logility

AUGUST 16, 2022

In addition to widely dispersed geographies, our planning processes have to reflect and synthesize different market dynamics,” said Rowan Seccombe, Sales and Operations Planning Manager, iNova. “We We benefited greatly from the industry expertise at Logility and from their local implementation partner Demand Management Systems.

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Supply Chain Design Software Prescriptive Analytics Software 130

ToolsGroup

OCTOBER 17, 2017

They vastly improve predictive capabilities by deriving insights from huge and diverse data sources including social feeds , weather forecasts and peer reviews. Click below for a podcast with ideas on how to start leveraging AI for demand management and supply chain planning. Be careful not to wait.

Supply Chain Planning Software 180

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 180

ThroughPut

JANUARY 21, 2021

The shock has shaken up age-old demand patterns and has amplified uncertainty and volatility across sectors. This is truly a stress test for Demand Management Processes. None of our existing demand systems were prepared for the unpredictable pandemic demand patterns and has thrown the economy right on its toes.

Supply and Demand 52

Supply and Demand Agile and Lean Supply Chain Optimal Sourcing Supply Chain Planning Software 52

The Network Effect

MAY 4, 2015

Demand Sensing can import demand data on an hourly rather than a batch or daily basis, immediately sensing demand signal changes as compared to a detailed statistical demand pattern, and then evaluates the statistical significance of the change. Much More than a Demand Management Revolution.

Supply and Demand 100

Supply and Demand Demand Planning Software Data Forecasting 100

Infosys Supply Chain Management

FEBRUARY 4, 2013

Sourcing & Procurement. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management.

Forecasting 27

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Strategy 27

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

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Demand Planning Software 130

Logistics Viewpoints

NOVEMBER 29, 2023

The National Retail Federation (NRF) has issued its annual forecast, anticipating that retail sales will grow between 4 percent and 6 percent in 2023, meaning sales will reach between $5.13 Distributed Order Management DOM allows an organization to capture all information in the order management process across all relevant channels.

Optimal Sourcing 249

Optimal Sourcing Optimization Software Forecasting Software Demand Planning Software 249

SYSPRO Smarter ERP

JUNE 6, 2022

Companies should now focus on risk management when it comes to inventory. This involves: identifying what the critical components are; ensuring that these components can be sourced from multiple suppliers. The Theory of Constraints (TOC), a well-known process improvement methodology, can be applied to analyzing the supply chain.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119

Kinaxis

MARCH 20, 2015

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Are you keeping your demand management process honest? ’ Lange, Director of Demand Planning and S&OP Services at Celestica, examines forecast accuracy and the main components of a demand management measurement tool and process.

Forecasting 100

Forecasting Supply and Demand Forecasting Software Demand Management 100

ThroughPut

JANUARY 29, 2021

The shock has shaken up age-old demand patterns and has amplified uncertainty and volatility across sectors. This is truly a stress test for Demand Management Processes. None of our existing demand systems were prepared for the unpredictable pandemic demand patterns and has thrown the economy right on its toes.

Supply and Demand 52

Supply and Demand Agile and Lean Supply Chain Supply Chain Planning Software Demand Planning Software 52

SCMDOJO

NOVEMBER 17, 2023

Practical Guides like Plan for Every Part (PFEP) , Demand Forecasting Methods or Stocktaking Procedure. Demand Management: Predicting and managing customer purchases through qualitative and quantitative methods, reducing uncertainty in short-term incoming demand.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 70