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Success Strategies for Demand Forecasting in Supply Chain

ToolsGroup

There’s been a lot of change in how we view supply chain demand forecasting: we moved from a focus on supply—what and how much to supply or replenish—to the demand-driven supply chain, which placed too much emphasis on the intermediate goal of an accurate demand forecast.

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7 Ways Businesses Can Manage Supply Chain Shortages in 2021

ToolsGroup

As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. The 2021 supply chain shortage is the story of our lives today, as the enormous bullwhip effect of COVID continues.

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Causal Forecasting Brings Precision to your Forecasting

Logility

Causal f orecasting shines a light on , and isolates, actual demand signals from market “chatter,” thus improving forecast quality. Causal f orecasting techniques can uncover complex patterns that are often missed, helping supply chain professionals focus on the truth and ignore market noise and irrelevant activity.

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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. Armed with point-of-sales data, knowledge of inventory issues, and accounting for anomalies, you can plan on how much product to manufacture, store in your warehouses, and ship to each region.

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Four Strategies for Smarter Demand Planning

Vanguard Software

Organizations cannot underestimate the COVID-19 pandemic impacts and disruptions on-demand planning. Over the past 15 months, disruptive events have exposed the challenges growing over the past decade – SKU proliferation, new distribution channels, shorter product lifecycles, and more demanding customers. Collaboration.

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How Demand Planning Influences Supply Planning through Predicting Future Demand Patterns

Vanguard Software

And before that, in 2001, Nike also had a demand planning blunder that led to a $100 million loss in sales. These examples show how imperative a proper process for demand planning and supply planning is to an organization’s overall health and profitability. Demand Planning Forecasting Application.

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Why Blockchain Within The Supply Chain Makes Perfect Sense

GlobalTranz

Editor’s Note: Today’s blog is from Kevin Doubleday who discusses the importance of blockchain within the supply chain. Current Supply Chains don’t operate at the cadence of business. Integrating Blockchain within the Supply Chain could change that. Download white paper.