Remove Demand Planning Remove Eliminating Excel in Purchasing Remove Metrics
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Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

Machine learning (ML)a specialized field within artificial intelligence (AI)is revolutionizing demand planning and supply chain management. According to McKinsey , organizations implementing AI-driven demand forecasting solutions can reduce forecast errors by 30% to 50%.

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Aligning Supply Chain Metrics to Improve Value

Supply Chain Shaman

In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. To manage continuous improvement, companies need a clear definition of excellence and organizational alignment to that goal. What Drives Value?

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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

The Failure of Existing Demand Planning Solutions. During the pandemic, supply chain leaders turned off their demand planning solutions. Re-implement demand planning, trade promotion management, and revenue/price management together to improve the baseline demand signal. What are functional metrics?

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What Does Good Look Like S&OP?

Supply Chain Shaman

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. Most companies buy decision support technology, but do not redefine work to improve decisions. A shift from functional metrics to a balanced scorecard. A Focus on Error in Demand Planning. Drives Value.

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Just Jump

Supply Chain Shaman

The answer is not as simple as connecting Customer Relationship Management (CRM) to Advanced Planning (APS). Or gradually introduce outside-in signals to conventional demand planning. The shifts over the last decade are profound: Is the answer a Supply Chain Center of Excellence? Lack of aligned metrics.

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Essential Supply Chain KPIs to Track for Enhanced Decision Making

SCMDOJO

Running procurement and supply chain without metrics is like driving blindfolded. Identify Bottlenecks & Opportunities: Quickly spot areas that are underperforming and need attention or areas where you’re excelling. Control Costs: Track value beyond just the purchase price and manage inventory effectively.

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The supply chain planning system crystal ball

Kinaxis

When making discretionary purchases, I could look at my projection to make sure that if I made that purchase, I would have enough money in the bank, not only now, but at the end of the month when my mortgage and car loan came out. Then could I buy it? For me, this was game changing! What if I save my money this month?