Quick Start Guide to Using Machine Learning for Demand Planning

ToolsGroup

Anyone who has done demand planning 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. Increased inventory turns by 25%.

The Importance of Demand Planning

Logility

With increasing frequency, I have noticed blog posts touting the position that ‘demand planning is dead.’ Their solution: by sensing and reacting to customer demand at the point of purchase there is no longer a need for projecting demand based on history.

Challenges with Excel When Building a Demand Planning Process

Arkieva

Challenges with Excel When Building a Demand Planning Process was first posted on February 19, 2019 at 7:42 am. ©2017 Demand Planning demand forecasting examples excel demand planning tools forecasting call volume in excel free demand planning excel template inventory forecasting excel template sales inventory operations planning excel template supply and demand excel template supply chain planning excel

Quantum Inventory Theory?

The Smart Software

The post Quantum Inventory Theory? Physics at the quantum level is quite weird – not at all like what we experience in our usual macroscopic life. Among the oddities are “superposition”, “entanglement”, and “quantum foam.”

4 Ways Sonus Improved Demand Planning and Reduced Inventory by 20%

Kinaxis

by Alexa Cheater Struggling with the reality of not being able to easily consolidate data, global telecommunications company Sonus Networks was dealing with delays in understanding the impact of changes to its supply chain plans.

The 5 Promises of Demand Planning: Does Your Current Software Solution Deliver?

OneSCM

This is why Demand Planning – or business forecasting – is essential to the survival of supply chain organizations. In other words, one missing data set can skew Demand Planning forecasts for the next five years. Increased business plan stability.

The 5 Promises of Demand Planning: Does Your Current Software Solution Deliver?

OneSCM

This is why Demand Planning – or business forecasting – is essential to the survival of supply chain organizations. In other words, one missing data set can skew Demand Planning forecasts for the next five years. Increased business plan stability.

The 5 Promises of Demand Planning: Does Your Current Software Solution Deliver?

OneSCM

This is why Demand Planning – or business forecasting – is essential to the survival of supply chain organizations. ” In other words, one missing data set can skew Demand Planning forecasts for the next five years. Increased business plan stability.

Stop Leaking Money with Manual Inventory Controls

The Smart Software

An inventory professional who is responsible for 10,000 items has 10,000 things to stress over every day. The post Stop Leaking Money with Manual Inventory Controls appeared first on Smart Software.

Arkieva COO Shapes Discussion on Demand Planning in the Bioscience & Pharmaceutical Industries

Arkieva

Changing market conditions makes demand planning in the bioscience and pharmaceutical industries highly critical. More accurate demand planning and forecasting is required for achieving overall business objectives in the areas of growth and operational efficiency.

HyperX Game Plan: Win at Demand Planning and Replenishment

Inbound Logistics

Kingston Technology’s HyperX division partnered with Logility to improve its supply chain visibility and demand, inventory and replenishment planning practices

The Absolut Company: Balancing Service and Inventory Creates a Delicious Mix

ToolsGroup

Here’s how they teamed up with ToolsGroup partner Optilon for a seamless supply chain planning process. A recent feature in The Wall Street Journal highlighted how Absolut’s modern approach to supply chain planning balances nicely with the company’s traditional production practices.

The definitive guide to demand planning

TradeGecko

Effective demand forecasting and demand planning are key to the longevity of wholesale and retail businesses alike. We look at some of the major aspects of the demand planning process and how they impact the entire supply chain.

Inventory, inventory, inventory. They’ve all got it – inventory.

Enchange Supply Chain Consultancy

Amongst the many variables in running a Supply Chain, the one certainty in FMCG, Pharmaceutical and Agri businesses is that inventory is solely in the eye of the beholder. FMCG Forecasting & Demand Planning Inventory Management & Stock Control Supply Chain Analytics

Demand Planning Survey Shines Light on Supply Chain Attitudes

Logility

Is Demand Planning just a stepping stone? Dan Gilmore at Supply Chain Digest has some interesting survey numbers that may light a fire under some demand planning teams. Let us know how your organization values its planning function.

A Five-Step Approach to Effective Demand Planning Implementation

Arkieva

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.

Cross Purposes: Does demand planning belong with merchandising or supply chain?

The Network Effect

Then I proceeded to describe the differences in skill sets, business relationships and aptitudes between a Demand Planner and a Supply Planner. Who does the Demand Planning group report to?”. The Supply Chain Planner is measured primarily on inventory turns.

Where, Oh Where Should Demand Planning Go?

Supply Chain Nation

Now that we’ve established that forecasting is important , you know what your demand planning organization is going to do and how you plan to structure it , here we’ll address where to put it. Demand planning can work well within a number of organizations as long as they can be incented, connected appropriately and can manage the group well. If they are directing the demand planning team, forecasts could be biased high.

Structuring Your Demand Planning Group to Make its Greatest Contribution

Supply Chain Nation

Whether you are contemplating creating a demand planning group within your company, or questioning whether your current demand planning is as functional as possible, Part 2 of this 4-part series is aimed to help you navigate the hurdles of structuring your organization and its supported processes, so as to ensure your demand planning group is established and organized for its greatest chance of success. Demand Planning Supported Processes.

Demand Planning Survey Shines Light on Supply Chain Attitudes

Logility

Is Demand Planning just a stepping stone? Dan Gilmore at Supply Chain Digest has some interesting survey numbers that may light a fire under some demand planning teams. Let us know how your organization values its planning function.

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. Leveraging NetSuite’s integrated business management suite, NetSuite’s new demand planning bridges the gap between the front-office and back-office ? allowing companies to tightly align sales forecasts with inventory replenishment plans.

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Inventory Optimization

Riding the Tradeoff Curve

The Smart Software

In the supply chain planning world, the most fundamental decision is how to balance item availability against the cost of maintaining that availability (service levels and fill rates).

Building A Demand Planning Group: Roles and Skillsets to Consider

Supply Chain Nation

Once you’ve decided your company will create a demand planning group and have determined what processes your organization will support , you can decide how to structure and staff it. As discussed in Part 2, there may be other functions combined with demand planning in your group. Technical/forecasting: This role requires a great understanding of the forecasting algorithms, parameters and reporting supporting the demand planning organization.

Is Inventory Waste or an Asset?

Supply Chain Shaman

In the preparation phase for the summit, I schedule planning calls with the speakers. This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. His feeling was that inventory is an asset to manage.

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Inventory Optimization

Do You Really Understand What’s Driving your Demand Planning Processes?

Halo

Descriptive, predictive and prescriptive analytics should be combined to optimize your demand planning processes. In particular, they wanted better forecasting and demand planning processes , which in the past had been beset by low accuracy and poor adoption. When the Finance Manager who had designed the reports resigned, the organization knew it had to figure out a better plan for using their data. The Analytics to Boost your Demand Planning.

Is Poor Inventory Performance Holding You Back?

Kinaxis

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ Poor inventory performance can create a significant obstacle to growth and profitability. Success demands widening the scope.

Yasso Frozen Greek Yogurt Partners with Chainalytics to Navigate Production Challenges

CHAINalytics

Integrated Demand & Supply Planning Success Story Demand Planning integrated demand & supply planning Inventory Accuracy Inventory Planning Production Planning success story Supply Chain Planning Supply Planning Yasso Frozen Greek Yogurt

Who Loves Ya?? Demand Planning or Supply Planning? (Part 1)

Blue Ridge

A few of us were sitting around discussing possible article topics for future issues of “View From The Ridge” when I was challenged by a fellow Blue Ridger to write something about the differences between Demand Planning and Supply Planning. Demand Planning or Supply Planning?”.

Still managing your inventory with spreadsheets?

Brookes Supply Chain Planning Blog

In a digital world, it's amazing that many companies are still using Excel to manage their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests this number could be as high as 75%. inventory Demand Planning Forecasting retail

Study 60

50 Shades of Demand Planning

Supply Chain Movement

How much basic instinct do you allow your Demand Planner? A common misconception about demand planning is that it can mostly be automated by IT systems without needing much human involvement. What on earth does this have to do with Demand Planning you might very well ask?

Customers tell their inventory planing success story Part 1

Valogix

Balloon One Supply Chain Demand Planning Inventory Planning SolutionsUK Laboratory Equipment Distributor.

The Top 5 Myths about Demand Planning Implementations

The Smart Software

We just need to feed our demand histories into our new statistical methods, and we can start planning more effectively. You are investing in a new business process to develop forecasts for driving business strategy and inventory planning decisions.

Who Loves Ya? Demand Planning or Supply Planning? (Part 2)

Blue Ridge

In Part 1 of this series, we discussed the differences between Demand Planning and Supply Planning and explored the foundation of Supply Chain Management. Demand Planning continued: Advanced Seasonality. Daily Demand Forecast Profile. Jim Klekamp.