Can Improving Forecast Accuracy Address Our Demand Planning Woes?

Logistics Viewpoints

If “the forecast is always wrong,” is improving forecast accuracy even the solution to our demand planning woes? Invest in a sales and operations planning (S&OP) process that balances the box with human judgment to build consensus and stakeholder buy-in.

Demand Planning by Segmentation-based Exceptions

Arkieva

Demand planners are facing unprecedented pressures caused by the all-time high number of planning combinations. Supply chain planning software can help. Demand Planning by Segmentation-based Exceptions was first posted on September 20, 2022 at 8:49 am. ©2017

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Demand Planning: Differentiated Forecast Strategy

Arkieva

Demand Planning: Differentiated Forecast Strategy was first posted on January 26, 2021 at 8:15 am. ©2017 Some time ago, I had been trying to help a business improve its statistical forecasting.

Fashion Industry Challenges Require Elegant Demand Planning

ToolsGroup

While sophisticated supply chain planning is a necessity for any industry with complex demand, the fashion industry is particularly tricky due to high variety and segmentation (by type of consumer, sales channel, demographic, etc.), Demand planning for direct and indirect channels.

Overcoming the Accuracy vs Agility Trade-Off in Demand Planning & Forecasting

Agility and accuracy don’t necessarily need to be at logger heads. In-fact, anticipatory agility enabled by AI and Machine Learning can move the accuracy frontier forward in terms of validity and consistency driving significant business value.

FMCG Demand Planning: 4 Frequent Flaws to Avoid

Enchange Supply Chain Consultancy

FMCG Supply Chain Forecasting & Demand Planning supply chain excellenceThe Enchange Supply Chain House is available for those wishing to embark on a structured, medium-term journey towards Supply Chain excellence. What about those companies who need change now with no time to waste?

Demand Planning

SupplyPike

What is a demand plan? Demand planning tells you how much inventory you can expect to sell, down to the regional level. Demand planning helps identify potential expansions to your product line or supply, as well as potential threats to your sales.

Tiger Woods, Demand Planning and Machine Learning

Adexa

Traditional demand planning techniques rely on past data in order to forecast the future. This event also invalidated the traditional techniques of demand planning and forecasting since they depend on past data to predict the future.

Should You Outsource Demand Planning?

ToolsGroup

But now they have started outsourcing supply chain business processes like demand planning, allowing them to focus on other business processes while gaining access to world class capabilities. Here are three common drivers of companies considering outsourcing: Excess time spent on forecasting is sapping resources away from value-added tasks, and planners are spending a huge amount of time cleansing data and doing analyses to get to a plan.

Quick Start Guide to Using Machine Learning for Demand Planning

ToolsGroup

Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. The good news is that these characteristics make demand planning a perfect fit for artificial intelligence solutions. The forecast generated by these algorithms degrades as the demand patterns evolve over time.

The Beyond Belief Impacts of VUCA on Supply Chains and Commerce

Speaker: Jim Tompkins, Chairman and CEO at Tompkins International

We are fortunate to have Dr. James A. Tompkins, one of the world’s leading supply chain thought leaders, to address the impacts of VUCA on today’s supply chains and commerce. Jim recently stated that “the impacts of digital commerce on supply chains and commerce are far greater than the ending of the Cold War in 1991. The lifting of the Iron Curtain was minuscule when compared to the impacts of VUCA on how business works and how people live.”

Demand Planning Key Features

DynaSys

When formulating a Demand plan , you need to strike the balance between having sufficient stock levels to meet customer demands without having surplus. This means leveraging the right tools and data to build your demand plan from the outset. Real time planning.

High Velocity Demand Planning

Adexa

But speed is not only on the supply side, it is also on the demand side. How quickly do you know about potential shortages and or increase in demand? Monthly demand planning is obviously inadequate. For more information on high velocity demand planning click HERE.

The Demand Planning cycle

DynaSys

The demand planning cycle is a supply chain management process that uses forecasting to understand the demand for products. Demand planning strikes the balance between having sufficient stock levels to meet demand without having surplus.

What is Demand Planning

DynaSys

Demand planning helps ensure deliverability and satisfaction of your customers through a supply chain management process of forecasting and predicting demand. Also, there are many factors that influence demand, which are knowns like customer’s sale cycles and seasonal orders.

What Supply Chain Leaders Keep Getting Wrong

Speaker: David Blonski, Chief Operations Officer of Elementum

Stop the insanity and get your operations in order. Eliminate the one-offs, the firefighting, and the finger-pointing. Get the fundamentals rocking, so your operations can meet their full potential. After all, the best engine in the world is useless with four flat tires. Join this amazing webinar with David Blonski, COO of Elementum, to discuss why you should never have to worry about the basics again.

How Does Demand Sensing Differ from Forecasting for Demand Planning?

Logility

The promise of demand sensing is that we can do a better job of anticipating and planning for short-term changes in demand. For today’s supply chain planner, the art and especially the science of forecasting demand have evolved. The goal of demand sensing.

What is the ‘Secret Sauce’ to Improve Demand Planning?

Arkieva

Successful demand planning requires a stable and sustainable planning process that is continuously reviewed and improved. What is the ‘Secret Sauce’ to Improve Demand Planning?

Configuring Your Demand Planning Software for Maximum Value

CHAINalytics

A demand planning application should generate value that goes beyond statistical forecasts. With the IPO of cloud-based data warehousing company Snowflake, the value proposition of demand planning software has changed.

Optimizing Your Demand Planning Strategies for the Holiday Season

Nat Josef

Black Friday is just around the corner so now is the time to start optimizing your demand planning strategies for the holiday season rush

Demand Planning Against COVID-19: Introduction

DynaSys

This article is an introduction to a series of three articles intended to help demand planners manage the impact of COVID – 19 on their demand planning process. Another consequence of the emergence of the virus has been the concentration of the demand on online channels.

Editor’s Choice: The TikTok Effect on Demand Planning

Logistics Viewpoints

Or, why you need demand planning for going viral on social media. Reports of demand spikes and shortages followed each of these instances, and it’s not just affecting food and beverage supply chains. How do you plan for a social media-driven demand spike?

Building the ROI Case for Demand Planning

Arkieva

Businesses spend a lot of time and money in improving their demand planning. Building the ROI Case for Demand Planning was first posted on April 5, 2022 at 7:43 am. ©2017 However, the ROI is not always forthcoming.

The fundamentals of demand planning and forecasting

EazyStock

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Why is demand planning important? Demand sensing.

How demand planning can quench our thirst for beer

Kinaxis

On the heels of a carbon dioxide (CO2) shortage in the UK that caused some breweries to ration beer production , Germany’s long, hot summer and the revelry surrounding the World Cup have combined with suboptimal demand forecasting to create a significant shortage of beer bottles , causing breweries large and small to plea to customers to return their empties. Taking a closer look at the demand management process.

Get your demand planning and forecasting game on

Kinaxis

by Alexa Cheater Outplay your competition with a smarter, stronger demand planning strategy. Customer demands are changing. So why isn’t your demand planning strategy? It’s time to level up your demand planning and experience revolutionary breakthroughs in supply chain performance, planning and profitability. Successful demand planning is quick, collaborative and up-to-date – not slow, siloed and full of stale data.

Why is Demand Planning important?

DynaSys

In our article What is Demand Planning , we asked ourselves why is Demand Planning important? Prosperous businesses are able to plan for the peaks and valleys in their sales cycles. It enables them to manage current business volumes and plan for future growth.

Demand Planning: One System to Rule Them All

Logility

Food and beverage, consumer electronics, life sciences, durable goods all have to deal with product seasonality, lifecycles, assortments, promotions and demand signals across multiple planning horizons and more. Figure 1 : A Single Planning Solution to Span Multiple Planning Horizons.

Demand Planning & Forecasting During COVID-19 [Webinar]

CHAINalytics

Last month, Chainalytics’ Neelesh Asati moderated a panel discussion on demand planning and forecasting during COVID-19 hosted by Logistics Insider.

Demand Planning Breaks Down During Recessions

Logistics Viewpoints

Demand planning is difficult in these circumstances. The post Demand Planning Breaks Down During Recessions appeared first on Logistics Viewpoints. Demand Management demand planningBonds had a yield curve inversion on August 14th. This often often signals a recession within about 14 months. This article discusses how supply chain teams can do better in these circumstances.

5 Steps to a Global Collaborative Demand Planning Process

Arkieva

Every business can benefit from having a proper demand plan. 5 Steps to a Global Collaborative Demand Planning Process was first posted on May 17, 2022 at 10:09 am. ©2017 A pivotal part in this process is collaboration.

How to Build a Collaborative Global Demand Planning

Arkieva

How global businesses can build a collaborative demand planning process How to Build a Collaborative Global Demand Planning was first posted on June 26, 2018 at 8:48 am. ©2017 Demand Planning Forecasting demand planning methods demand planning process flow demand planning process model demand planning tools demand planning training difference between demand planning and forecasting

AI-powered Demand Planning for Building Materials and Cement Industry: How To Balance Supply & Demand

ThroughPut

This shift to an urbanized lifestyle comes with a feral demand for increased housing and the urban infrastructure to support the growing urban sprawl. Since cement is a key construction material, this proposal is going to create widespread demand for cement.

Meet The New Normal With 5 Demand Planning & Forecasting Methods

ThroughPut

Thriving In ‘The New Normal’ With 5 Demand Planning & Forecasting Methods. Were companies completely unprepared for this sudden surge in demand for these consumer items? Understanding and predicting demand in unpredictable times . Demand sensing method.

From Excel to State-of-art Demand Planning Solution

DynaSys

I have just completed a new demand planning project. Before the project, they were using Excel to forecast and plan their business. Now with their Demand Planning solution, three demand planners can calculate and review a new forecast in minutes.

Self-Optimizing Algorithms for Demand Planning

Adexa

Self-Optimizing Algorithm for Demand Planning and Inventory Optimization. Our underlying assumption is that there is demand but we are not certain about when, where and for what mix of products. This is done by the use attributes and attribute-based planning.

Demand Planning Against COVID-19: The Impact

DynaSys

In this article, the second of the series analyzing the impact of COVID – 19 on demand planning (find here the first one), you will find a list of actions demand planners can do to correct and clean COVID’s impact on demand.

Roles and responsibilities of demand planning

DynaSys

When deciding to strengthen your supply chain infrastructure, the question of roles and responsibilities of demand planning arises. Should demand planning be placed under supply chain management, sales, or finance? Demand planners. Why is Demand Planning important?

Performance in the Demand Planning Cycle

DynaSys

We’ve discussed the benefits of gathering data and coming up with a strategy of collaboration when implementing a demand planning cycle. Now it’s time to walk through the importance of Performance evaluation in the Demand Planning Cycle by setting metrics and KPIs.

How to Gather Data for demand planning

DynaSys

When deciding to implement a demand planning cycle , one of the crucial elements of getting your demand plan right is the data you use to create it. How to gather the RIGHT data for demand planning? Your demand plan is only as good as the data it’s using.