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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.

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Demand Planning. When The Answer To Two Simple Questions Is Not So Simple.

Supply Chain Shaman

A large consumer products manufacturer with nine Enterprise Resource Planning (ERP) instances and several divisions wanted to discuss forecasting. The planning team was defending the status quo without questioning current practices and how to improve them.) Demand is a tough subject.

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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.

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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.

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The 4 Keys to Demand Planning in 2023 and Beyond

Speaker: Eva Dawkins - Senior Consultant, Supply Chain

Demand planning and forecasting processes are critical to the resilience and profitability of any supply chain, maybe now more than ever. Join Eva Dawkins for this exclusive webinar where she will cover everything you need to implement for success!

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18 Ways to Get SALES Involved in Demand Planning

Silvon Software

Collaboration between Sales and Operations professionals in the demand planning process is critical if you want to achieve better delivery rates, higher service levels, fewer stock-outs and increased customer satisfaction. Configure your software to your demand planning process.

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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?

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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.

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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.

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With ToolsGroup Demand Planning Software, DAB Pumps Streamlines Forecasting Processes for an Improved Customer Experience

ToolsGroup

Our flexible, customer-oriented approach helps us set the standard for service and innovation in the water technology industry,” said Ilaria Mercanzin, Group Demand & Resources Planning Manager.

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Next-Gen AI-Based Demand Planning: Turn Your Insights Into Accuracy in 1 Day

15%-40% forecast error reduction, 1 day onboarding & no implementation costs, and insight into the real drivers of your demand – these are the benefits the newest generation of Artificial Intelligence in Demand Planning is creating.

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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?

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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.

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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.

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Top 10 Tips to Effective Demand Planning in S&OP

Enchange Supply Chain Consultancy

Dave Jordan Supply Chain S&OP Forecasting & Demand Planning Supply Chain HouseThe Enchange Supply Chain House ; the one-stop shop for all the elements you need to achieve supply chain excellence.

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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.

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ToolsGroup Announces Significant Enhancements To Its Industry-Leading Demand Planning Solution

ToolsGroup

BOSTON — February 28, 2023 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, has announced the latest version of its Service Optimizer 99+ (SO99+) software, making major advancements in its forecasting and demand sensing capabilities.

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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

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ToolsGroup Unveils Significant Enhancements to the Dynamic Planning Capabilities and Modularization of its Demand Planning Software

ToolsGroup

Powerful, AI-driven dynamic planning is good news for everybody – from executives to planners to consumers. However, using that same data to draw conclusions from current trends to determine future demand can be difficult. Supply Chain Planning Blog dynamic planning version

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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.

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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.”

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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

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What is Demand Planning? [Ultimate 2023 Guide]

Unleashed

The onset of COVID and the rapidly changing environment of a pandemic-hit world has meant demand planning has become more difficult – and as a result, more critical – than ever. What is demand planning? Why is demand planning important?

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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.