Remove Demand Planning Remove Exercises Remove Inventory
article thumbnail

Netsuite Expands Cloud-Based Inventory Management with New Demand Planning Capabilities

Supply Chain Network

(NYSE: N), the industry’s leading provider of cloud-based financials / ERP software suites, today (June 7th) announced that the company has extended its cloud -based business management suite with new demand planning features. allowing companies to tightly align sales forecasts with inventory replenishment plans.

article thumbnail

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? Your customers don’t care if you have a great demand forecast. They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating The River of Demand

Supply Chain Shaman

Through a series of meetings to drive consensus, the team degraded the quality of the demand plan by 27%. (In The company had a team of 25 demand planners, spent 10M$ on the roll-out of a planning system, and was being courted by multiple consultants to implement a new demand planning technology.

article thumbnail

Gartner's Five Stages of Supply Chain Planning Technology Maturity

ToolsGroup

They want to standardize and achieve consistency around demand planning by implementing best practices and using demand histories for better forecasting. The tool for this job, he says, is typically commercially available demand planning software. Demand Planning. Planning SORs. that are like.

article thumbnail

Building a Business Case for Improved Demand Forecasting

ToolsGroup

You must be able to make a direct link between the forecasting accuracy improvement and customer service, cost, efficiency, inventory, cash flow or capability improvements,” says Gartner. 9% reduction in inventory obsolescence (percent of inventory value). 9% reduction in inventory obsolescence (percent of inventory value).

article thumbnail

Mars Wrigley’s Highly Successful Supply Chain Digital Transformation

Logistics Viewpoints

The goal of an SCP implementation was to effectively balance demand and supply. Here, Mars Wrigley leveraged using Kinaxis for both demand and supply planning. Kinaxis is a proponent of using network planners for both supply and demand planning rather than having the planners operate in silos.

article thumbnail

Why a Software Proof of Concept (POC) Is Better than an RFI

ToolsGroup

In the same way, using an RFI as a way to “narrow the field” of potential planning vendors may overlook–or eliminate–your best-fit solution. Solid online research and structured interviews with potential vendors are a better way to accomplish that initial shortlisting exercise. #5 5 Blind spots.