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The Evolution and Future of Demand Management

ThroughPut

But to not be able to understand or manage that demand, given the market volatility created by higher customer expectations and shorter fulfillment cycles, has created continuous ripples of chaos in the entire supply chain. Are we able to intuitively align inventory to match demand? If not, how do we get there?

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Six Sigma Tools and Inventory Management

EMERGE App

Next, we’ll explore whether it is still relevant today and what it means for inventory management. Finally, we’ll finish by exploring Six Sigma methodologies and tools used in modern Lean Six Sigma and Lean Inventory Management. Six Sigma describes a set of techniques and tools for process improvement.

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Ann Grackin: Is the Crisis in Demand Management Being Exacerbated by Spreadsheet Dependency?

Logility

Demand management has always been at the top of supply chain professionals’ list of challenges. But remember, spreadsheets were designed as desktop tools for your personal computer. Of late, many companies have also indicated that having grappled with cost cutting a few years back, now they are more focused on growth.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Some suppliers of demand management software can also provide excellent forecast benchmarking for selected industries. Demand forecasts are improved with access to downstream data (point of sale, Nielsen retail data, and access to competitor promotion schedules). forecasting product sales at 10,000 stores.

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Your supply chain is costing you money – Reason #4 Making key decisions by modelling the supply chain in Excel

Kinaxis

Companies that are forced to use Excel to manage large swaths of their advanced supply chain planning. Companies that are starting to realize that while Excel is a powerful tool and can be used for lots of things, it isn’t the tool to use to run your supply chain. Excel excels (if you’ll pardon the pun) at many things.

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

ToolsGroup

Intelligent demand management software is the key technology enabler of lean retail merchandise management. Invest in the right demand management and analytics tools that will guide you to make leaner, wiser decisions regarding merchandise and supply chain.

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Fresh Demand Planning: How AI Empowers Retailers

Logistics Viewpoints

In summary, with so much to consider when it comes to demand planning for fresh and seasonal products, using AI/ML techniques will be critical for companies moving forward.