Logistics Viewpoints

MARCH 27, 2023

It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. Some suppliers of demand management software can also provide excellent forecast benchmarking for selected industries. Companies need to understand how much it is realistically possible to improve their forecasts.

Forecasting 276

Forecasting Forecasting Software Modeling Optimal Sourcing 276

Supply Chain Shaman

MARCH 27, 2014

I also continued to work on the manuscript for the book Metrics That Matter to publish in the fall of 2014. Remember, many organizations do not understand the basics of demand management. The book is now a very worn manuscript. At the end of the week, we hosted a networking call of the Shaman’s Circle.

Supply and Demand 342

Supply and Demand Inventory Reduction Demand Planning Software Forecasting Software 342

Kinaxis

SEPTEMBER 17, 2014

You cannot look at aggregated data without running specialized reports or extracting the data and loading it into a BI tool.Visibility also means understanding the impact of your decisions on key corporate metrics. How do achieve supply chain visibility ? Comment back and let us know.

Supply Chain Planning Software 263

Supply Chain Planning Software Supply Chain Design Software Supply Chain Visibility Modeling 263

Supply Chain Shaman

MARCH 21, 2024

Revenue management is siloed and distinct from demand management, while Transportation Management (TMS) has nothing in common with Distribution Requirements Planning (DRP). Lack of aligned metrics. COE will get pulled into day-to-day issues and not able to manage the longer-term issues.

Inventory Reduction 434

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 434

Supply Chain Shaman

JUNE 30, 2018

Companies with the lower score on the Index are driving faster rates of metrics improvement. Energizer and Unilever are driving the fastest rates of improvement and Clorox and P&G improvement rates are the slowest on the Metrics That Matter of Growth, Operating Margin, Inventory Turns, and Return on Invested Capital (ROIC)).

Supply Chain Design Software 218

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 218

Supply Chain Shaman

OCTOBER 8, 2017

” 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. Today’s demand management processes have many issues. Redefine Tactical Demand Planning.

Supply and Demand 199

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 199

Supply Chain Shaman

AUGUST 12, 2024

This is especially true in the world of demand management. The sad thing is that most companies will never know because they are blindly measuring the wrong metric and driving a supply-centric agenda. Functional metrics throw the supply chain out of balance creating waste and increasing turbulence. Let me explain.

Waste Reduction 195

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 195

ToolsGroup

DECEMBER 16, 2021

Intelligent demand management software is the key technology enabler of lean retail merchandise management. Set clear objectives and KPIs for the metrics we discussed above, and make swift moves to meet them. How lean retail impacts business goals and revenue targets.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

RFgen

DECEMBER 5, 2024

Keeping up with customer demands, managing inventory, and making sure everything runs smoothly — it’s a lot to handle. Additionally, effective supply chain management is crucial for ensuring operational efficiency and cost reduction. Running a warehouse these days feels like a constant juggling act, right?

Inventory Management Software 97

Inventory Management Software Supply Chain Design Software Optimization Software Supply Chain Planning Software 97

Supply Chain Shaman

FEBRUARY 11, 2013

The most popular posts are on demand management and Supply Chain Metrics that Matter. The focus of this conference will be the evolution of Supply Chain Metrics that Matter and the launch of the Supply Chain Index (a formulaic representation of supply chain excellence by peer group). The Shaman has served me well.

Gartner 186

Gartner Supply Chain Design Software Modeling Supply and Demand 186

Supply Chain Shaman

JUNE 15, 2018

Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together. Most companies improve singular metrics but are not able to drive portfolio. An orbit chart is the linking of data across years at the intersection of two metrics. improvements. I was wrong.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

Silvon Software

JANUARY 25, 2023

The demand planning process must be easily understood and should convey who does what, and by when. At a minimum, sales should start with a statistical base forecast and historical data provided by the demand manager and make incremental changes each month. Tie forecast metrics to operational and financial metrics.

Supply and Demand 119

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 119

Arkieva

OCTOBER 14, 2020

In this blog, we will illustrate through an example of these potential pitfalls (unanchored, random variation, and narrow metrics) and potential negative impact on a firm. Insight from Applied Statisticians for Forecasting: Is It Worth the Effort and the Mirage of Random Variation was first posted on October 14, 2020 at 8:09 am.

Forecasting 148

Forecasting Metrics Examples Modeling 148

Logistics Viewpoints

AUGUST 4, 2022

A well-engineered solution applied to the right segment can absolutely be well worth the investment, but this is a decision that must be made in context of the business, not just a single forecast accuracy metric. A forecast is an input, not a decision.

Supply and Demand 306

Supply and Demand Forecasting Forecasting Software Demand Planning 306

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. Low volume inconsistent demand. Use this data to understand demand predictability. Let’s take an example. New product launch.

Supply Chain Design Software 271

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 271

Kinaxis

FEBRUARY 5, 2015

The author, Osgood Vogler, Director, Analytics, Celestica Supply Chain Managed Services, describes an insight-based demand management process: So, how do you take the guesswork out of forecast planning? Demand planning has a big impact on business performance. How predictable is the demand? Let’s find out.

Forecasting 100

Forecasting Supply Chain Planning Software Forecasting Software Scenario Planning 100

Supply Chain Opz

APRIL 15, 2015

Citation count is a metric we use to separate great inventory book from their peers - Lastly, we carefully review each inventory book and make a final cut Results Drum roll please!

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Material Savings Inventory 100

Talking Logistics

APRIL 27, 2015

The first element are the comprehensive set of strategies covering all the functional elements of your supply chain, including supply management, procurement, demand management, production, inventory management, distribution, customer service, and reverse logistics.

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

Logistics Viewpoints

SEPTEMBER 25, 2024

IoT: Powering the Future of Digital Product Passports The Internet of Things (IoT) continues to impact how industries track products and manage data. This network of devices enables seamless, automatic data collection from physical objects in near real-time.

Internet of things 290

Internet of things Real-time Visibility Supply Chain Design Software Supply Chain Network Software 290

Supply Chain Shaman

MAY 30, 2017

As I facilitated the class and discussed the findings , the theme of data sharing and demand management was prevalent. Most companies have applied the regional practices of demand management to global teams. The content focused on the end-to-end supply chain. We hope to see you there. ).

San Francisco 170

San Francisco Supply Chain Planning Software Forecasting Software San Jose 170

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

Supply Chain Shaman

AUGUST 26, 2015

By building demand management processes to focus on channel movement, companies can cut demand latency and model independent demand–customer purchases. I hope that this market correction can help us to redefine demand management. What are your thoughts? I would love to hear from you.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Supply Chain Opz

AUGUST 2, 2017

Irregular demand, as a consequence of changing customer requirements, now makes operating in new and volatile emerging markets essential to business growth. Then, if you add additional requirements around new product introductions as product life-cycles shorten, the need for effective demand management skills becomes even more complex.

Forecasting 100

Forecasting Supply and Demand Forecasting Software Supply Chain Planning Software 100

ShipBob

OCTOBER 24, 2022

Demand forecasting helps the business make better-informed supply decisions that estimate the total sales and revenue for a future period of time. Demand forecasting allows businesses to optimize inventory by predicting future sales. Importance of demand forecasting for ecommerce. How ShipBob makes demand forecasting easier.

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

ModusLink Corporation

SEPTEMBER 7, 2023

Together, they ensure a responsive supply chain that adapts to changing demand. Managed services can help continually evolve business functions to keep up with ever-changing targets while hitting key stops along the way.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Together, they ensure a responsive supply chain that adapts to changing demand. Managed services can help continually evolve business functions to keep up with ever-changing targets while hitting key stops along the way.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Together, they ensure a responsive supply chain that adapts to changing demand. Managed services can help continually evolve business functions to keep up with ever-changing targets while hitting key stops along the way.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

Logility

JANUARY 16, 2018

Sometimes demand planners focus too much on forecast accuracy and miss seeing the forest for the trees. I was guilty of this from time to time when I led a demand-planning group because we were evaluated on forecast accuracy as one of our key metrics. Here in lays the crux of the issue with demand sensing.

Supply and Demand 102

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software 102

Supply Chain Opz

JUNE 1, 2014

The key ingredients of Dell''s supply chain are the partnership with suppliers, part modularity, vendor managed inventory program, demand management and mass customization. Intel ''s new product development is done by the process called Technology Roadmap. Many industries try to imitate Dell''s success.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Material Handling & Logistics

OCTOBER 11, 2017

Many companies try to overcome this problem using ERP systems, demand management tools and other advanced software. The future state map will also define improvement metrics and set clear improvement targets for those metrics. Supply Chain Software is Not the Solution. What Kind of Improvements Reduce the Lead Time?

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Lean Inventory Reduction Price Reduction 83

Supply Chain Shaman

MARCH 8, 2016

If E2open is successful in this acquisition strategy, your role in the extended supply chain will diminish unless you create a many-to-many data model and invest in demand management. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.

Supply Chain Planning Software 150

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

The Smart Software

MARCH 13, 2019

Consider what is meant by “demand management”, “demand planning”, and “forecasting”. These terms imply certain standard functionality for collaboration, statistical analysis, and reporting to support a professional demand planning process.

Forecasting 72

Forecasting Forecasting Software Supply and Demand Supply Chain Planning Software 72

BlueYonder

APRIL 24, 2023

Across that complex value chain, every second of every day, each partner is digitally contributing information about costs, timing, inventory levels, product availability and other key metrics. The end result?

Optimal Sourcing 97

Optimal Sourcing Modeling Optimization Software Supply Chain Optimization 97

Logistics Bureau

OCTOBER 12, 2024

Procurement is an integral part of the total supply chain The boundary between supply management and a demand management are getting more and more blurred these days. The time when procurement was spoon fed with a demand forecast has long gone.

Cost Reduction Strategies 52

Cost Reduction Strategies Procurement Analytics Optimal Sourcing Procurement 52

Supply Chain View from the Field

OCTOBER 3, 2013

And an active supplier will also start sending you things – but are they doing it on time, and what are the metrics with the delivery of the contracted product or service. Oh, and don’t forget that you don’t just manage price – but quantity! So you have to measure this and collect it in scorecards you are using.

Procurement Analytics 60

Procurement Analytics Analytics Purchasing Skills Data 60

ThroughPut

MAY 22, 2024

Following this, data sources are identified and shared, and success metrics and business outcomes are defined so that everyone works toward the same goals. Such quality validation is crucial, as a seemingly simple mislabeling of a product category could potentially lead to, for example, a 10% inefficiency in demand forecasting.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Inventory Reduction 52