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.

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From Excel to State-of-art Demand Planning Solution

DynaSys

I have just completed a new demand planning project. Before the project, they were using Excel to forecast and plan their business. Now with their Demand Planning solution, three demand planners can calculate and review a new forecast in minutes.

Forecasting and Demand Planning for a Better, Unified Future

Logility

Year after year, survey after survey, forecast accuracy continues to be one of the top metrics for measuring supply chain performance. Watch: When Planning for Forecast Accuracy, Visibility is in Demand.). Practical Tips to Improve Demand Planning. Demand Planning

Demand Planning – We Must Grow our own Garden

DynaSys

These are the metrics a demand planner needs to know and understand to confirm their assumptions. All these pieces of information are key for the demand planner. for the demand planner. In my backyard I have a garden where I grow fruits and vegetables.

Top 10 Demand Planning Metrics You Should Have on Your Dashboard [Infographic]

Arkieva

To stay ahead of the curve, effective demand planners must track the right metrics that can help curtail possible demand planning issues ahead of time. Top 10 Demand Planning Metrics You Should Have on Your Dashboard [Infographic] was first posted on January 29, 2019 at 2:07 pm. ©2017 ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

Share, develop, and manage consensus demand plans

The Smart Software

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. Ensure inventory policy matches business strategy.

Lora Cecere on Supply Chain Metrics that Matter

AIMMS

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.

Quantum Inventory Theory?

The Smart Software

Blog Demand Planning Inventory Optimization Operational Analytics demand planning implementations efficient stocking ERP forecasting software inventory modeling inventory optimization kpi metrics overstock probabilistic modeling statistical forecasting supply chain analytics

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.

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.

Stop Leaking Money with Manual Inventory Controls

The Smart Software

Blog Business Policy Demand Planning Excellence in Forecasting Inventory Optimization Operational Analytics demand planning implementations ERP inventory modeling inventory optimization kpi metrics probabilistic modeling statistical forecasting supply chain analytics

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).

A Demand Plan Sanity Check: Five Best Practices

Supply Chain Action Blog

There is a process that is fast becoming a necessary and key component of both demand planning and sales and operations planning. I have heard it described as “forecastability”and “demand curve analysis”, among other terms, but, here, I will call it a “Demand Plan Sanity Check” or DPSC for short. Metrics for measuring “sanity” Tabular and graphical displays that are interactive, intuitive, always available, and current.

Supply Chain Planning BPO: What’s Driving It and Should You Get On Board?

ToolsGroup

More and more businesses are hopping on the outsourcing bus and letting the experts take the wheel to drive supply chain planning processes. Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supply chain planning (SCP).

Structuring Your Demand Planning Group to Make its Greatest Contribution – Part 2 of 4

Supply Chain Nation

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.

5 Considerations When Evaluating your ERP system’s Forecasting Capabilities

The Smart Software

Consider what is meant by “demand management”, “demand planning”, and “forecasting”. These terms imply certain standard functionality for collaboration, statistical analysis, and reporting to support a professional demand planning process. However, in most ERP systems, “demand management” running MRP and reconciling demand and supply for the purpose of placing orders.

The Top Five Benefits of Using Machine Learning for Demand Forecasting

Logility

Machine Learning for demand forecasting has matured to a level of accuracy, transparency and replicability that translates into transformative results, including in these five areas: Accuracy, transparency, thoroughness of analytical options and results. Analytics Demand Planning

Five Steps to Launch a Supplier Scorecard

Logility

Plan to review your KPIs monthly during the first three to four months and cull out the bad ones quickly. Then plan on a quarterly review for the remainder of the year. 3 Get the metrics right. Supplier metrics should be captured about monthly.

KPI 153

How to Get Started with Value-add Forecasting (Part 2)

Logility

Finally, the models are created, tested, validated, and then evaluated to ensure that they will meet the project metrics and goals. Demand Planning Supply Planning

The 3 Types of Supply Chain Analytics

The Smart Software

Blog Business Policy Demand Planning Excellence in Forecasting Inventory Optimization Operational Analytics demand planning implementations ERP inventory modeling inventory optimization kpi metrics probabilistic modeling statistical forecasting supply chain analytics

Does Your Demand Planning Process Include a “Quantitative Sanity Range Evaluation”?

Supply Chain Action Blog

There is a process that should be part of both your demand planning and your sales and operations planning. Metrics for measuring how well a point forecast fits within the sanity range. Respecting reality also means capturing seasonality and cyclical demand in addition to month-to-month variations. If you are engaged in demand planning or sales and operations planning, I welcome to know your thoughts on performing a QSRE.

Supply Chain Planning BPO: What’s Driving It and Should You Get On Board?

ToolsGroup

More and more businesses are hopping on the outsourcing bus and letting the experts take the wheel to drive supply chain planning processes. Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supply chain planning (SCP).

The DDAE Model – Metrics, Ranges and Next Steps

DynaSys

Prerequisite #3: Flow-Based Metrics. The DDAE model uses different metric emphases within each of the operational, tactical and strategic relevant ranges to promote and protect flow today and into the future. In each case there is a metric objective and a message behind the metric.

The Right Forecast Accuracy Metric for Inventory Planning

The Smart Software

Traditional forecasting accuracy metrics aren't applicable when the goal is to optimize inventory. The right way to measure accuracy for inventory planning is to focus on the accuracy of the service level projection. This blog explains why and details how to calculate the metric.

POST FACTS

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).

The Autonomous Supply Chain – Can we Fly by Wire?

DynaSys

Many years ago, on a train heading out of London, I was sitting next to a recruitment consultant having a very loud phone conversation about a search to find a demand planner. Autonomous planning is not an on/off switch. The car will not crash if we find a problem with the plan.

Seven Mistakes to Avoid in Sales and Operations Planning

Supply Chain Shaman

Sales and Operations Planning (S&OP) is important to building value chain agility and improving enterprise performance. Agility is the ability to have the same performance in cost, quality, and customer service given a level of demand and supply volatility.)

The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. Break down your supply chain functional silos. This advice is not new.

How Can We Heal the Global Supply Chain?

Supply Chain Shaman

The winners drive improvement while posting financial results in the Supply Chain Metrics That Matter ahead of the peer group. A Supply Chain Leader will make progress on both of these key metrics with a very tight and controlled pattern. Insights on Defining Global Planning Processes.

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Make Demand Segmentation Effective With The Use Of Exception Management

Arkieva

There is no doubt that demand segmentation can help you bring clarity to demand planning and the overall supply chain planning process and lead to far superior results in terms of various supply chain metrics.

How Do I Know If I Am Ready?

Supply Chain Shaman

Especially demand sensing and shaping?” ” A Demand Planner for a Large Multinational Pharmaceutical Company. I also continued to work on the manuscript for the book Metrics That Matter to publish in the fall of 2014. Especially demand sensing?” So, I am going to focus here and share my answer: Demand sensing is the application of analytic technologies to detect short-term patterns in channel data and translate it into distribution requirements.

Five Elements of Successful Sales Forecasting

Logility

Sales Planning. Sales planning is essential for any company – but especially for firms in high growth mode or experiencing a change like adding new products or entering new markets. Do we have the right mix of price, promotion and marketing in place to drive demand?

Supply Chain Management:Demand Planning in CPG industry.

Infosys Supply Chain Management

TradeEdge – Demand Chain Management. « The Upcoming 2011 Holiday Buying Season will again Test Retailer MCO and Supply Chain Capabilities | Main | Factors Influencing Delivery Address Amendment » Demand Planning in CPG industry - Practising the Best Practices. First best practice is to set up the formal demand planning process in the organization. Hence we should always strive hard get close to so called "Best Practice" in Planning.

How to Measure Forecast Errors in Intermittent Demand Forecasting

Arkieva

Stop using traditional forecast accuracy metrics to measure forecast for sporadic demand patterns. How to Measure Forecast Errors in Intermittent Demand Forecasting was first posted on March 19, 2019 at 12:19 pm. ©2017 Use this method instead. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement.