Remove Demand Management Remove Manufacturing Remove Metrics Remove Procurement Solutions
article thumbnail

The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Solvoyo’s Solution Bugaboo: something that causes fear or distress out of proportion to its importance. Demand forecasting is the process of making future estimations of how much of a given product will sell by location and time period. Would better forecasting accuracy be a good thing? Absolutely!

article thumbnail

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

ToolsGroup

Whereas retailers once purchased merchandise largely based on the gut instinct of trend-savvy buyers and the push of whatever manufacturers tried to sell them, nowadays, they need to take a much more customer-focused and data-centered approach. How lean retail impacts business goals and revenue targets.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Introducing ThroughPut Capacity Planning Module: Optimize Your Capacity Plans With The Power Of AI

ThroughPut

At ThroughPut , we have been working towards creating perceptive supply chain solutions that can help tide through these uncertainties with AI-driven proactive intelligence. In our last release, the ThroughPut Demand Sensing Module addressed the gaps unveiled by the pandemic and the sudden shift in existing market dynamics.

article thumbnail

My Take: E2open Buys Terra Technology

Supply Chain Shaman

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. The initial software product release name was Real-Time Forecasting. The product naming convention changed to Demand Sensing (DS) in 2005. History of Terra Technology.

article thumbnail

What About Them Apples?

Supply Chain Shaman

” 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. At that time, the demand processes were largely regional. Like a car, demand engines needs continual tuning.

article thumbnail

Introducing ThroughPut Capacity Planning Module: Optimize Your Capacity Plans With The Power Of AI

ThroughPut

Covid-19 has distressed the global supply chain and manufacturing networks in every country. The pandemic sent shock waves across the manufacturing world in an unexpected and unprecedented way. For the first time in digital manufacturing history, demand, supply, and workforce availability have been affected globally at the same time.

article thumbnail

Introducing ThroughPut Capacity Planning Module: Optimize Your Capacity Plans With The Power Of AI

ThroughPut

Covid-19 has distressed the global supply chain and manufacturing networks in every country. The pandemic sent shock waves across the manufacturing world in an unexpected and unprecedented way. For the first time in digital manufacturing history, demand, supply, and workforce availability have been affected globally at the same time.