This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Over the last two years, I actively engaged technologists and business leaders to redefine demandplanning. In the industry, supply-centric techniques reign with lots of bravado and messaging on control towers, Demand-driven Materials Requirements Planning (DDMRP), and generative AI. The reason? Should companies care?
This article will explore the different retail channels and reveal tips for finally mastering demand forecasting for the fashion industry. Demandplanning for direct and indirect channels. franchising) complete the distribution mix. Filter any erratic demand peaks (outliers) in the cleansing phase.
If “the forecast is always wrong,” is improving forecast accuracy even the solution to our demandplanning woes? Gaining a better handle on demand is compelling, especially when recent sales history is often no longer a good predictor. The post Can Improving Forecast Accuracy Address Our DemandPlanning Woes?
Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Probabilistic demandplanning enables businesses to optimize stock levels while reducing costs and improving service levels.
Anyone who has done demandplanning 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 forecast generated by these algorithms degrades as the demand patterns evolve over time.
Advanced supply chain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization. This approach significantly improves forecast accuracy and enhances decision-making across distribution networks. The result?
A New Era of DemandPlanning White Paper Learn more about these new demand models in this whitepaper. Download Now AI Solutions for Complex DemandPlanning For supply chain professionals, managing demand involves analyzing multiple signals from diverse sources.
Good forecasting leads to good demandplanning —and good demandplanning means better profitability. That’s why it’s essential to be sure you’re equipping your organization with the right demandplanning software. Here are our answers to some of the most common questions about demandplanning software.
How AI powered demandplanning solutions revolutionize the role of demand planners In today’s fast-paced and competitive business landscape, organizations are constantly seeking ways to optimize their operations and improve their supply chain.
At ToolsGroup, we’ve long championed probabilistic demand forecasting (also known as stochastic forecasting) as the cornerstone of effective supply chain management software. In modern distribution networks, meeting service levels requires getting precisely the right inventory to the right locations at the right time.
This article will examine the challenges Belcorp faced with managing its extensive product range and complex supply chain and how our solution set, which includes Service Optimizer 99+ (SO99+), DemandPlanning, and the Multi-Echelon Inventory Optimization (MEIO) model, transformed their operations. It played out as follows.
Descriptive, predictive and prescriptive analytics should be combined to optimize your demandplanning processes. Better forecasting and demandplanning processes, which in the past had been beset by low accuracy and poor adoption, were a priority. The A nalytics to B oost your DemandPlanning.
This strategic partnership aims to improve demandplanning efficiency, optimize inventory performance, and elevate service levels. Ciavarella Pneumatici has established itself as a cornerstone in the Italian tire distribution landscape, serving the B2B market with distinction.
Your distribution network spans multiple locations. And demand patterns are highly unpredictable. With multi-echelon networks, supplier uncertainty, multiyear product lifecycles, and reverse logistics channels , aftermarket supply chains exceed the capabilities of traditional planning tools. The outcome?
Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.
For example, an AI agent can detect an issue in a regional distribution center and evaluate its impact across the global network, providing planners tailored recommendations to address the disruption. These agents operate collaboratively, learning from shared experiences, integrating contextual information to refine their recommendations.
Your distribution network spans multiple locations. And demand patterns are highly unpredictable. With multi-echelon networks, supplier uncertainty, multiyear product lifecycles, and reverse logistics channels , aftermarket supply chains exceed the capabilities of traditional planning tools. The outcome?
DemandPlanning in VUCA Times with Ali Raza. Ali Raza and Joe Lynch discuss demandplanning in VUCA times. Key Takeaways: DemandPlanning in VUCA Times. This episode is actually a webinar hosted by Joe Lynch, featuring Ali Raza discussing demandplanning in VUCA times. About Ali Raza.
Explore the capabilities below to see how, with the release of v8.60, ToolsGroup has further improved its ability to drive decision making at the speed of business and deliver supply chain agility and resilience with expanded dynamic demandplanning capabilities across the board.
HEINEKEN showcases its outstanding demandplanning results With over 700 attendees, the Gartner Supply Chain Planning Summit was a great opportunity to meet with other planning professionals, discuss our common challenges around intelligent planning, learn from industry thought leaders and hear some truly impressive customer success stories.
So, I am going to focus here and share my answer: Demand sensing is the application of analytic technologies to detect short-term patterns in channel data and translate it into distribution requirements. It replaces rules-based consumption in demandplanning, and will improve short-term forecasting by 30-35%.
We have not designed the planning systems to serve managers, directors, and vice presidents, aiming to improve decision-making and collaboration across the source, make, and deliver processes. This could all change if we discard our current definitions of supply chain planning and start anew.
Translation of the demand forecast into planned orders to minimize manufacturing constraints. Use of optimization to consume planned orders into manufacturing scheduling and distribution requirements planning (including inventory optimization of safety stock). Be careful about the gaps.
IDC specifically recommended ToolsGroup for manufacturers in all industries, especially those with large SKU offerings and/or complex distribution networks.
Stakeholders who care about forecasting in demandplanning care about accuracy, and usually will not accept a new forecasting method unless it is rigorously validated against known forecasting benchmarks with proven accuracy. In this way, forecast accuracy trends can be leveraged in adjusting demandplanning.
Want to streamline your distribution operations? The field of distribution operations is rapidly evolving with the rise of eCommerce, with fierce competition between distributors. A well-designed Distribution Operations strategy can help businesses optimize their supply chain, reduce costs, and improve customer satisfaction.
Effective demandplanning positively impacts everything from production to inventory, distribution to marketing—and all steps in between. 8 Things that Should be on Every DemandPlanning Wish List was first posted on December 19, 2023 at 7:51 am.
A recent survey of demand planners’ concerns and day-to-day experiences sheds light on the challenges faced by planning teams today and highlights the pressing need for innovative solutions to solve for them. Demand planners play a pivotal role in supply chain management. The Time Is Now.
Jabil then often also takes care of the packaging and final distribution of products for their clients. Tymon’s contribution to Jabil’s offerings is a service line known as ‘planning-as-a-service.’. Tymon learned that Jabil had bought advanced demandplanning solution from a supply chain planning software company called Kinaxis.
Be a pro at avoiding these other pitfalls of supply chain distribution. Power up your sales and operations planning (S&OP). Tip 3: Match the scope of scenarios to different planning needs. A common mistake is to merge an organization’s long-term strategic plan with its monthly S&OP plan.
As seasonality is an important factor, ice cream producers have to deal with great uncertainties and fluctuation in demand. Demand is high when it’s warm outside, and lower when it´s cold, but when is the ideal time to start production? Ultimately, it’s all about having a reliable demandplan.
Issues addressed at the strategic planning level include investment in production capabilities, new storage and logistical capacity, supplier agreements, new markets and distribution channels, and introduction of new products. Medium-term planning – known as tactical planning. Only the next month’s plan firm.
With supermarkets, discount stores and convenience stores becoming increasingly important distribution channels, manufacturers must learn to strike a balance between volume and price. Instead of large-sized packs of beer, consumers demand smaller packages that are easier to carry. A quick guide to meeting consumer demand.
For example, an AI agent can detect an issue in a regional distribution center and evaluate its impact across the global network, providing planners tailored recommendations to address the disruption. These agents operate collaboratively, learning from shared experiences, integrating contextual information to refine their recommendations.
Sense quantifiable changes : The resident applications, specifically, demandplanning, supply planning, and inventory planning all have key variables that contribute to a network model. This might be subtle changes in distribution to customer assignments or changes in supplier quantities.
Lets dive in… The Myth of One-Size-Fits-All Forecasts The notion that a single forecasting method is sufficient for a product’s entire lifecycle is a widespread misunderstanding in demandplanning. This idea fails to recognize the ever-changing nature of market landscapes and the varied demands of different products.
While tariffs are often thought of as a one-time cost increase, its notable to remember they are part of a larger system where freight costs shift, supplier costs fluctuate, and demand changes. Companies need a comprehensive view of their supply chain network to understand how every change impacts procurement, production, and distribution.
A focus on digitizing supply chain planning in partnership with ToolsGroup has helped our company better serve each of our stakeholder groups: manufacturing customers, supplier partners and internal business operations for both our distribution and manufacturing divisions.
The giant retailer was contemplating a full rip and replace of their legacy distributed order management solution – the key solution that supports omnichannel order fulfillment. If the order is fulfilled by a suboptimal fulfillment location, it looks to the demandplanning application like the demand originated from that location.
The value of collaboration CPG suppliers partnered with Crisp can also leverage Shelf Engine’s predictive capabilities to proactively collaborate with retailers on inventory decisions, bypassing traditional retail ordering constraints to automate ordering, optimizing production schedules, and inventory distribution.
Sense quantifiable changes : The resident applications, specifically, demandplanning, supply planning, and inventory planning all have key variables that contribute to a network model. This might be subtle changes in distribution to customer assignments or changes in supplier quantities.
Mike has a degree in Marketing from Iowa State University and over 30 years of experience leading teams in DemandPlanning, Inventory Control, Automated Storage Retrieval Warehouses & Transportation. The company also manufactures and distributes over-the-counter drugs and products, such as sunscreens and acne treatments.
Outdoor products manufacturer Thule faced growing distribution complexity and challenges due to the seasonal nature of its products, creating intermittent demand and a slow-moving spare parts inventory. . Forecast and demandplanning time has been reduced by 50%, with greater accuracy and an eight point reduction in MAPE. .
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content