Fashion Industry Challenges Require Elegant Demand Planning

ToolsGroup

While sophisticated supply chain planning is a necessity for any industry with complex demand, the fashion industry is particularly tricky due to high variety and segmentation (by type of consumer, sales channel, demographic, etc.), Demand planning for direct and indirect channels.

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.

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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. ” And so it is with demand planning. The Fallacy of Basing Production on Actual Demand. What actions is your company taking to improve the ability to predict demand

Meet The New Normal With 5 Demand Planning & Forecasting Methods

ThroughPut

Thriving In ‘The New Normal’ With 5 Demand Planning & Forecasting Methods. Were companies completely unprepared for this sudden surge in demand for these consumer items? Understanding and predicting demand in unpredictable times . Demand sensing method.

Demand Planning

o9 Solutions

Demand Planning: Improve Forecast Accuracy, Alignment and Accountability. Top Reasons Organizations are Upgrading their Demand Planning Capabilities. Increasing sales adoption in the demand planning process. Demand Change What-If Analysis.

Optimize Demand Planning with AI: Plan Product Mix & Sales Forecasts Effectively

ThroughPut

Earlier in the day, demand planning was a guessing game that relied more on intuition, instinct, and inclination. Companies that leveraged the data they collected to enable more accurate demand planning, distinguished themselves from their competitors.

The role of the Demand Planner in Demand Planning

DynaSys

You’ve decided to implement a demand plan and now it’s time to outline roles and responsibilities. Demand planning bridges the function between commerce and supply chain, so the question of roles and responsibilities isn’t a surprising one. Demand Planning Key Features.

Demand Planning in VUCA Times with Ali Raza

The Logistics of Logistics

Demand Planning in VUCA Times with Ali Raza. Ali Raza and Joe Lynch discuss demand planning in VUCA times. Key Takeaways: Demand Planning in VUCA Times. The demand planning process typically involves: Collecting, organizing and preparing data.

Theory & Practice (Demand Planning)

The Network Effect

An idea that a hockey-loving French Canadian, an American MRP guru and a couple of process designers from a large Canadian retailer had. At the time a theory that the retail supply chain could be seamlessly connected by a single forecast only at product store level. In supply chain planning there are many theories. Consider Forecasting, or Demand Planning as an example. You need to build cognitive learning capabilities into your demand planning process.

The “secret ingredient” missing from many consumer goods companies’ demand plans

Alloy

Demand planning is a process just about every consumer goods company performs to keep their supply chain operation running smoothly. After all, revenue will be lost either because of empty shelves or due to overproduction and excess inventory if demand plans are wildly inaccurate.

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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. Business Growth Supply chain management Insights & Analysis Inventory Management

Valogix partner to strengthen product companies’ supply, demand planning capabilities and enable growth for NetSuite users

Valogix

Most product companies understand they have gaps in their supply chain data that hinder their ability to meet critical demand. SourceDay’s latest partnership with Valogix , an advanced inventory planning software company, now bridges that gap for NetSuite users.

Structuring Your Demand Planning Group to Make its Greatest Contribution

BlueYonder

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.

Retail Planning – Is It Time For A Change??

Arkieva

Isn’t the goal of a successful retailer to give the customer what they want, when they want it? Quick trend changes are driven by this customer and retailers must be flexible to survive. Retail Planning – Is It Time For A Change??

LIXIL Partners with o9 Solutions to deploy AI enabled Demand planning

o9 Solutions

This article has also been published on Business Wire o9 Solutions today announced that LIXIL in the Americas, pioneer of water and housing products across brands including American Standard, GROHE and DXV, will deploy the next-generation AI-enabled o9 platform for demand planning.

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.

7 Ways Businesses Can Manage Supply Chain Shortages in 2021

ToolsGroup

As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. Here are some places to get started: Identify the products that are surging in demand versus dwindling.

Weather Permitting: How to Use Weather Data in Retail Forecasting

ToolsGroup

Retail is detail. And there is a lot of ‘detail’ for retailers to manage and factor into the business every day. When it comes to external variables, nothing is more consistently and directly impactful on demand than the weather. How Weather Influences Retail Demand.

How to Embrace the New Normal in Demand Planning

Bristlecone

It’s no secret that demand volatility caught supply chain professionals off-guard during this pandemic. Over the past six months, we have seen demand patterns ranging from huge spikes to deep troughs, and everything imaginable in between. What if my supply plans aren’t flexible enough?

FMCG Distributor Development – Drive Excellence in Planning and Logistics

Enchange Supply Chain Consultancy

FMCG Route to Market Logistica Management Performance Improvement Forecasting & Demand Planning Retail RTM Ross Marie RtM Strategy 20 Steps to RtM ExcellenceI recently shared our step-by-step approach to drive and develop distributor performance.

Pivot from B2B to B2C with Retail-Optimized Packaging

CHAINalytics

For those of us in the industry, we knew … The post Pivot from B2B to B2C with Retail-Optimized Packaging appeared first on Chainalytics. Supply chains have been front and center since the start of COVID-19.

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

The Network Effect

His name is Ian and he is the VP of Supply Chain at a mid-sized retailer (with vast prior experience at a large retailer). 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 goal of the demand planning process is to create a sales forecast that is as accurate and unbiased as possible.

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.

Five Key Supply Chain Planning Capabilities for Fashion Products

ToolsGroup

The pandemic accelerated digitization plans across multiple industries according to the ToolsGroup/CSCMP 2021 Digital Transformation in Supply Chain Planning survey. Traditional demand planning will forecast safety buffers based on normal demand patterns.

The Top 15 Retail Trends for 2022

ToolsGroup

The wonderful world of retail. The Retail Trends Shaping How We Shop in 2022. From a digitally-transformed shopping experience to global supply chain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop.

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Success Strategies for Demand Forecasting in Supply Chain

ToolsGroup

There’s been a lot of change in how we view supply chain demand forecasting: we moved from a focus on supply—what and how much to supply or replenish—to the demand-driven supply chain, which placed too much emphasis on the intermediate goal of an accurate demand forecast.

Kinaxis to acquire AI-based retail and CPG demand planning provider, Rubikloud

Manufacturing & Logistics IT

an authority in driving agility for fast, confident decision-making in an unpredictable world, has signed a definitive agreement to acquire Toronto-based Rubikloud, a disruptive, emerging provider of AI solutions that automate supply chain prescriptive analytics and decision-making in the retail and consumer packaged goods (CPG) industries Kinaxis Inc.

5 Demand Planning Tips for Calculating Forecast Uncertainty

The Smart Software

This note is about how to estimate forecast uncertainty and use the estimates in your demand planning process. The post 5 Demand Planning Tips for Calculating Forecast Uncertainty appeared first on Smart Software.

5 Demand Planning Tips for Calculating Forecast Uncertainty

The Smart Software

This note is about how to estimate forecast uncertainty and use the estimates in your demand planning process. The post 5 Demand Planning Tips for Calculating Forecast Uncertainty appeared first on Smart Software.

Omnichannel Demand- The New Normal in Retail

Vanguard Software

For retailers who are still not prepared for the rapid omnichannel switch, now is the time to take action. Retailers will have to redesign their supply chains. Retail Demand Planning Demand Sensing

Causal Forecasting Brings Precision to your Forecasting

Logility

Causal f orecasting shines a light on , and isolates, actual demand signals from market “chatter,” thus improving forecast quality. First, what it’s not is a replacement for demand forecasting. The final step is integration back to your master demand planning systems. .

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. I knew it wasn’t going to be easy to concisely describe the differences between Demand Planning and Supply Planning. Demand Planning or Supply Planning?”. First, let’s discuss Demand Planning.

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. Is demand sensing right for your business?

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

BlueYonder

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.

5 Tips for Supply Chain Planning in a Turbulent Environment

CHAINalytics

Almost every company is currently experiencing demand disruption. Food and consumer goods manufacturers along with their retail counterparts are dealing with unprecedented highs across consumer channels, while “non-essential” companies are being plagued with historical lows.