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 Shaman

MARCH 9, 2020

As a part of the organizational redesign attempt to widen the planner’s circle of influence (more experience and reporting at a higher organizational level) to align the power of what is possible from the job that they control with the influence that they can have in the organization. Presentations are hand-picked.

Supply Chain Design Software 301

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 301

Supply Chain Shaman

MARCH 27, 2014

I rescheduled my Monday to meet with a client on a pressing deadline and worked through the night to edit and refine the reports/journals for last week’s newsletter. I also continued to work on the manuscript for the book Metrics That Matter to publish in the fall of 2014. The book is now a very worn manuscript.

Supply and Demand 281

Supply and Demand Inventory Reduction Demand Planning Software Forecasting Software 281

Supply Chain Shaman

FEBRUARY 11, 2013

The most popular posts are on demand management and Supply Chain Metrics that Matter. In 2012, I am proud that we have published 24 reports, completed 14 quantitative research studies and have had over 72,000 views of our work on Slideshare. This week, I will publish four new reports. The Shaman has served me well.

Gartner 184

Gartner Supply Chain Design Software Modeling Supply and Demand 184

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 51

Forecasting Forecasting Software Supply and Demand Supply Chain Planning Software 51

Supply Chain Shaman

MAY 30, 2017

I miss the days of Walter Cronkite reporting the news. 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. Instead, we have talking heads sharing opinions.

San Francisco 152

San Francisco Supply Chain Planning Software Forecasting Software San Jose 152

Vanguard Software

JULY 6, 2021

A system that integrates demand and supply management means a radical departure from traditional supply chain management models. The shift from a traditional supply planning to a modern solution, such as Vanguard Predictive Planning , requires companies to redesign their systems to include demand management strategies.

Supply and Demand 52

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

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

OptiProERP

NOVEMBER 21, 2022

A report by Gartner indicated that the average cost of machine downtime is $5,600/minute. It enables manufacturers to monitor the performance of equipment with the help of specific performance metrics to save valuable time, resources, and money. But, retaining the conventional B2B model could lead to lost market share. billion by 2023.

Trends 52

Trends Manufacturing Predictive Analytics Software Supply Chain Software 52

Supply Chain Shaman

AUGUST 26, 2015

Many organizations will play the shell game of reporting forecast error so that the numbers look better: either calculating the forecast at a higher level in the forecast hierarchy (not at the item level) or reporting the data as a Weighted Mean Absolute Error. This gives supply chain leaders a false sense of security.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Kinaxis

AUGUST 29, 2014

Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Notice in the Supply Chain Insights report, there are only two HDD companies. Semiconductor is poised to consolidate, which will have huge impact on the metrics. by CJ Wehlage.

Metrics 171

Metrics Supply Chain Planning Software Manufacturing Procurement Thailand 171

Proxima

MAY 25, 2021

A recent report by research company Gartner found that in order to adapt to this reality, CIOs are changing their spend strategies to focus on alignment, proactive anticipation, and adaptability. CIOs have traditionally opted for two short-term approaches to manage spend: cost optimization and demand management.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Optimization Software Cost Reduction Strategies 52

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Kinaxis

SEPTEMBER 16, 2014

While there was always passionate discussions on companies and metrics, the end goal was to raise awareness of supply chain as a practice. We believe it is the supply chain leader’s role to build and manage supply chain performance to drive year-over-year improvements which are balanced, strong and resilient. So, drum roll please….

Supply Chain Planning Software 279

Supply Chain Planning Software Gartner Supply Chain Design Software Agile and Lean Supply Chain 279

Logistics Viewpoints

AUGUST 4, 2022

And as Fildes and Goodwin report, people will persist in an inefficient process if organizational factors support that decision by rewarding their vested interests. Fears of displacement by AI/ML compound this effect, especially given the black box nature of these models. So what can be done to get planners to trust the box?

Supply and Demand 246

Supply and Demand Forecasting Forecasting Software Demand Planning 246

Intelligent Audit

MAY 19, 2022

Managing freight costs and freight payments , whether per mile, per load, or truckload is vital to overcoming the obstacles and disruptions currently plaguing the industry. This is according to an early 2022 report from Logistics Management. Track Rates by Varying Granularities. Use Analytics to Detect and Correct Anomalies.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimal Sourcing Freight Expense Reduction 52

Unleashed

OCTOBER 5, 2023

It involves tasks like enhancing warehouse layouts, arranging inventory within the warehouse, managing personnel and equipment, and ensuring efficient order picking and packing. There are often features that crossover between warehouse management software and stock management software. Bureau of Labor Statistics , 4.4%

Inventory Reduction 52

Inventory Reduction Waste Reduction Material Savings Resource Reduction 52

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

Logility

MAY 2, 2021

In essence, using one number to measure future demand loses the value of dimensionality in the data and the business process, arbitrarily forcing an organization to reach a consensus that ignores other realities. This one shortcoming is perhaps one of the most obvious for this forecasting metric.

Forecasting 149

Forecasting Forecasting Software Procurement Analytics Prescriptive Analytics Software 149

Supply Chain Shaman

JUNE 28, 2020

Management of Complexity. This week, E2open published its annual report on forecast accuracy. Kudos to Rob Byrne, this remains one of the best pieces published in the industry on demand management practices.) Shift functional metrics to focus on reliability. Continually test and learn. You know the one.

Cost Reduction Strategies 423

Cost Reduction Strategies Inventory Reduction Supply Chain Design Software Modeling 423

Logistics Viewpoints

OCTOBER 5, 2021

In their 2021 State of Supply Chain Execution Report, Blue Yonder and Reuters Events found that 63% of retailers and manufacturers have been affected by the availability of labor over the past year. The most common way companies are attempting to optimize their human resources is via the deployment of warehouse labor management solutions.

Logistics Network Optimization Software 211

Logistics Network Optimization Software Resource Reduction Waste Reduction Cost Reduction Strategies 211