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. Demand planning helps identify potential expansions to your product line or supply, as well as potential threats to your sales.

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%.

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Forecasting and Demand Planning for a Better, Unified Future

Logility

There is a lot of pressure on planners to improve this important metric and while no plan will ever be 100 percent accurate (that would be an order after all), it is important to get as close as we can to help synchronize the supply chain and satisfy both our financial and service level objectives.

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.

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.

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

The ‘Secret Sauce’ to Improving Demand Planning

Arkieva

How do you get the sense of what works for demand planning? Related Webinar: How to Use Predictive Analytics to Drive Sales & Delight Your Customers ] Improving Demand Planning. The ‘secret sauce’ concept to demand planning is a little bit trickier.

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.

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.”

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 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.

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.

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

You can’t scan the headlines without coming across an article or advertisement about sustainability, but there is precious little information about how supply chain planning software supports green initiatives. Efficient supply chain planning reduces wasted fuel and transportation capacity.

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.

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.

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.

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.

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.

Reveal Your Real Inventory Planning and Forecasting Policy by Answering These 10 Questions

The Smart Software

In this blog, we review 10 specific questions you can ask to uncover what’s really happening with the inventory planning and demand forecasting policy at your company.

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.

How Does ToolsGroup Boost Planner Productivity to Help Your Team Be Ready for Anything?

ToolsGroup

Adding automation to supply chain planning enables planners to be more productive and improves supply chain performance. Blog demand planning Featured inventory optimization machine learning supply chain planning

5 Tips for Supply Chain Planning in a Turbulent Environment

CHAINalytics

Almost every company is currently experiencing demand disruption. In both cases, planning for the future has become increasingly difficult.

Share, develop, and manage consensus demand plans

The Smart Software

Ensure inventory policy matches business strategy. One decision maker can then merge these scenarios into a consensus plan. The post Share, develop, and manage consensus demand plans appeared first on Smart Software.

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.

Demand Planning. Typical Problems Of Inventory Control

StockTrim

Do you have headaches around your demand planning ? How does this transfer through to your inventory planning and stock forecasting? Your issues are most likely not completely unique to your business, although they may appear so

Retail Demand Planning

o9 Solutions

Related solutions Retail Planning Solutions Replenishment Planning Increase revenues, improve margins, and inventory productivity with next generation cloud software. o9 Solutions April 14, 2020 The post Retail Demand Planning appeared first on o9 Solutions.

Is Demand Sensing Right for your Business?

Logility

Consider adding demand sensing to your planning mix. Studies have shown that, on average, demand sensing reduces forecast error by up to 50%, increases inventory accuracy by up to 20% and optimally deploys downstream inventory.

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

A few of the most common are: The inability to respond to demand variability and intermittent demand. Excess and obsolete inventory. We’re projecting a 60% reduction in inventory across SKUs when the full rollout is complete.

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.

Top 3 Most Common Inventory Control Policies

The Smart Software

The post Top 3 Most Common Inventory Control Policies appeared first on Smart Software.

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

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.

What Is Demand Sensing and How Do You Get Started?

ToolsGroup

We’ve created quite a monster with all the sophisticated tools we use to influence demand with pricing, new product introductions and promotions. As businesses use more “levers” to influence demand, demand variability grows. What is Demand Sensing? .