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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Demand forecasting is the process of making future estimations of how much of a given product will sell by location and time period. Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. This increases sales.

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Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Most companies cannot get to data by customer on orders shipped incomplete to understand root cause analysis. Understand Industry Performance. Build an industry peer group and gain insights on major trends. The average for the industry was 7% profit margin and 5.20 Low volume inconsistent demand. inventory turns.

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A River Runs Through It…

Supply Chain Shaman

Learn to navigate the river of demand. Realize that, within the organization, the concept of demand as a flow is not well understood. There are many misconceptions that must be challenged: 1) Demand Management Is Forecasting. Client Example of Demand Management Across Time Horizons.

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Will the Downturn Signal an Upturn?

Supply Chain Shaman

As we traced the process that could exist using channel data, the conversation changed… DuPont served two primary markets–automotive and the building industry. Smiling, I shared insights on the data available in the market to sense true market demand and the principles of the bullwhip effect as shown in Figure 1.

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Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

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Demand Planning. When The Answer To Two Simple Questions Is Not So Simple.

Supply Chain Shaman

I find that in the industry, sometimes the basics get lost. A forecast is a time-phased view, or projection, of future demand. While the term demand sensing is used with abandonment in the industry (often over-used), it is seldom clearly defined. In a ship-from model, the locations are supply-centric by design.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

While this article is intended as an evergreen resource, to help you navigate in your search for a supply chain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality. Why Choose a Job in the Supply Chain Industry? It’s a constantly-changing, ever-expanding industry.