SupplyPike

FEBRUARY 5, 2020

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.

Supply and Demand 63

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 63

Vanguard Software

JULY 20, 2021

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.

Supply and Demand 52

Supply and Demand Supply Chain Planning Software Demand Planning Demand Planning Software 52

ThroughPut

AUGUST 24, 2021

Earlier in the day, demand planning was a guessing game that relied more on intuition, instinct, and inclination. But with the advent of the information economy and Artificial Intelligence (AI), this process became data-driven. The unavailability of raw materials and changing consumer patterns heavily impacted demand.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Logistics Viewpoints

DECEMBER 15, 2022

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. Let’s look at the four most common ways cluster analysis is used for category management and supply chain planning decisions. What is Cluster Analysis?

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

Stord

APRIL 24, 2024

From improved customer experience to greater inventory planning and forecasting, AI promises to make all of our lives easier and reduce those all-too-common supply chain headaches. Additionally, this technology will make demand planning & forecasting more accurate.

Supply Chain Planning Software 88

Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software Predictive Analytics Software 88

ThroughPut

JULY 6, 2021

Thriving In ‘The New Normal’ With 5 Demand Planning & Forecasting Methods. Businesses around the world are pondering upon these questions and each of them leads to a simple answer – effective supply chain demand planning and forecasting. Understanding and predicting demand in unpredictable times .

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

Logility

JUNE 23, 2023

They’re stuck with inaccurate forecasts, ending up with too much or too little inventory, missed orders, and unsatisfied customers. That’s why we’re here to break it down for you and show why it’s high time you included causal forecasting in your demand planning toolkit. What is Causal Forecasting?

Forecasting 192

Forecasting Forecasting Software Modeling Predictive Analytics Software 192

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Logility

AUGUST 25, 2020

Poorly implemented demand planning software mis-forecasts demand for branded sneakers. Demand planning systems unable to forecast demand-slowing associated with economic meltdown. in inventory write-down and 20% drop in stock value. A few of the most infamous are listed below. The common thread?

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Supply Chain Game Changer

NOVEMBER 3, 2022

Financial Information Monitoring. Modern bookkeeping systems are a perfect tool for monitoring the financial information of your company that might help you improve supply chain cost control. Real-Time Information Sharing. Real-time information sharing is a critical element of supply chain management. Demand Planning.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

Unleashed

JUNE 7, 2023

Inventory optimisation is the process that enables efficient inventory management. It allows businesses to sustainably control stock and sell products despite shifts in customer demand or unexpected supply issues. In this inventory optimisation guide: What is inventory optimisation?

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

Kinaxis

NOVEMBER 26, 2014

Reason #6 Not effectively managing inventory. Reason #8 Keeping supply chain information in silos (and preventing your users from making the best decisions). They do this by preventing them from getting (or making it very difficult to get) any more information than they absolutely need to do their specific job.

Supply Chain Planning Software 256

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 256

Logility

JULY 20, 2023

Good forecasting leads to good demand planning —and good demand planning means better profitability. That’s why it’s essential to be sure you’re equipping your organization with the right demand planning software. Here are our answers to some of the most common questions about demand planning software.

Supply and Demand 187

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 187

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. So I started this book as a summary of this research.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Arkieva

JUNE 16, 2016

Good handling of market demand data is one of the most vital concepts in any supply chain. The correct management of demand information can greatly influence the level of integration and responsiveness, and has a direct impact on customer service and inventory levels. Start with a demand analysis.

Supply and Demand 60

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 60

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. What’s the difference?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

BlueYonder

APRIL 9, 2024

This includes demand planning, volume assessments at a granular level, knowing where best to source from to meet omni-channel demand, where to then position inventory based on known demand and where customers are located, and, of course, how best to then fulfill orders and to optimize the last mile.

Optimal Sourcing 100

Optimal Sourcing Sustainability Material Savings Waste Reduction 100

BlueYonder

APRIL 5, 2017

What your demand planning organization does is key to where it sits and how it needs to be structured. What follows is a high-level look at the processes that a robust demand planning function supports. Demand Planning Supported Processes. And producing the demand plan is a combination of science and art.

Supply and Demand 57

Supply and Demand Demand Planning Groups Supply Chain Planning Software 57

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Improved Customer Satisfaction A structured department is better equipped to handle customer demands. Analyze performance metrics and implement improvements to enhance efficiency.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

SYSPRO Smarter ERP

APRIL 24, 2023

SCOR Processes To measure and monitor the performance of these processes, the SCOR model also has metrics which can be used for supply chain performance — Reliability, Responsiveness, Agility, Cost, Profit, and Asset Management, and has recently added metrics for Environmental and Social attributes.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

ToolsGroup

NOVEMBER 27, 2018

Companies are seeking to implement (or re-implement) planning technology solutions, tune and optimize existing methodologies towards tighter variances, and integrate more accurate information into their planning processes. For demand planning, the key drivers to understand are about the behavior of the forecasted demand signal.

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

SCMDOJO

FEBRUARY 20, 2023

It involves various activities, such as warehousing, inventory management, transportation, and logistics. Effective Distribution Operations require careful planning, coordination, and execution to ensure that products reach their intended destinations in a timely and cost-effectively.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

Taulia

JULY 5, 2021

As demand for the movement of goods across the globe and rapid delivery expectations become the norm, businesses seek ways to simplify their supply chain management. VMI streamlines inventory management and order fulfillment, benefitting both suppliers and buyers. What is Vendor Managed Inventory? How does VMI work?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

BlueYonder

APRIL 5, 2017

What your demand planning organization does is key to where it sits and how it needs to be structured. What follows is a high-level look at the processes that a robust demand planning function supports. Demand Planning Supported Processes. And producing the demand plan is a combination of science and art.

Supply and Demand 40

Supply and Demand Demand Planning Groups Supply Chain Planning Software 40

Logistics Viewpoints

JUNE 1, 2023

As we’ve seen over the past few years, businesses will keep automating and integrating supply chain planning capabilities, including demand-sensing, dynamic safety-stock management, inventory optimization, and external collaboration. With the use of advanced technologies, planning decisions can also be automated.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

ToolsGroup

MAY 4, 2020

BOSTON (May 5, 2020) ToolsGroup, a global leader in supply chain planning software, today announced a new online COVID-19 Supply Chain Action Center and resources to help companies quickly respond to Coronavirus risks and speed supply chain recovery. We truly have best-in-class demand planning teams, processes and tools.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120

Unleashed

DECEMBER 11, 2022

When you measure and analyse the right warehouse KPIs, you can make better-informed business decisions based on real data. That’s why, with so many possible variables to track, it’s critical to know which metrics matter most. Efficient warehousing is all about knowing what’s working, what’s failing, and what can be improved.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

Logistics Viewpoints

JUNE 26, 2023

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.

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

crisp

SEPTEMBER 27, 2022

From demand planning to execution, Crisp’s CPG experts offer everything brands need to know for a successful holiday season (and the common mistakes to avoid). They’re also a chaotic time, with inevitable challenges from inventory availability to tighter margins. Create a demand plan.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply and Demand 52

Kinaxis

FEBRUARY 8, 2018

The same report shows best-in-class companies are: More than twice as likely to consider major constraints during supply and/or demand balancing. Integrating finance with supply and demand by performing gap analysis and taking corrective action. Unfortunately, there’s still widespread use of Excel as the key enabler for S&OP.

Modeling 185

Modeling Supply Chain Planning Software S&OP Supply and Demand 185

ToolsGroup

JUNE 8, 2021

A proof of concept (POC) is an increasingly common method to select the best supply chain software vendor for your company, yet many supply chain practitioners still lean on the traditional RFI (request for information) tool. 6 Focus on the wrong metric. RFIs also assume the organization is focusing on the right metrics.

Supply Chain Planning Software 245

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 245

Logility

JANUARY 16, 2018

This is especially true for those that work in and manage the demand planning process. Sometimes demand planners focus too much on forecast accuracy and miss seeing the forest for the trees. This sounds a lot like the definition for demand planning to me.

Supply and Demand 102

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software 102

Supply Chain Shaman

JULY 21, 2015

In prior posts , I have shared some information on this work. In Figure 1, I share an analysis of user satisfaction of demand, tactical supply, inventory and Sales and Operations Planning (S&OP) technologies using this technique. Here, I want to share the planners perspective. What else do we see in the data?

Supply Chain Planning Software 150

Supply Chain Planning Software Demand Planning Software Supply Chain Software Analytics Software 150

New Horizon Supply Chain Blog

AUGUST 30, 2023

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Logistics Viewpoints

SEPTEMBER 20, 2022

The MVP (Minimum Viable Product) version, set up to go live in multiple countries within three months, involves Demand Planners, Supply Planners, and Inventory Controllers with different access rights to monitor system-generated results. They can adjust quantities and generate supplier replenishment orders in PDF or Excel as needed.

Supply Chain Planning Software 194

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 194