Should You Outsource Demand Planning?

ToolsGroup

But now they have started outsourcing supply chain business processes like demand planning, allowing them to focus on other business processes while gaining access to world class capabilities. Is the demand planner talent pool deep enough internally or through acquisition and training?

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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Demand Planning Apps Top Supply Chain Planning Machine Learning

ToolsGroup

Source: Gartner 2018. Gartner recently polled both users and vendors on which supply chain planning (SCP) applications are employing machine learning and in three different analysis, demand planning and demand forecasting came out top of the list.

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.

Forecasting vs. Demand Planning

Supply Chain Action Blog

Often, the terms, “forecasting” and “demand planning”, are used interchangeably. . As a component of demand planning, forecasting is necessary, but not sufficient. Demand planning is that process by which a business anticipates market requirements. . High volume, high variability will be difficult to forecast and may require a sophisticated approach to safety stock planning.

Update on Forecasting vs. Demand Planning

Supply Chain Action Blog

Often, the terms, “forecasting” and “demand planning”, are used interchangeably. . As a component of demand planning, forecasting is necessary, but not sufficient. Demand planning is that process by which a business anticipates market requirements. . High volume, high variability will be difficult to forecast and may require a sophisticated approach to safety stock planning.

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.

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.

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?

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. External sources.

ToolsGroup Named a Leader in IDC MarketScape Worldwide Demand Planning Market Report

ToolsGroup

ToolsGroup Named a Leader in IDC MarketScape Worldwide Demand Planning Market Report. ToolsGroup Service Optimizer 99+ supply chain planning software models supply chains with precision and decodes demand uncertainty for reduced cost and increased profitability and planner productivity.

Where, Oh Where Should Demand Planning Go? – Part 4 of 4

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. If they are directing the demand planning team, forecasts could be biased high.

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).

Demand Optimization Maturity Curve

Logility

Forecasting customer demand has been a critical aspect of business since ancient times. The first commercially available demand planning system was introduced to the market in the mid 1970’s by American Software. This post discusses the Demand Optimization Maturity Curve.

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? .

Observations on Artificial Intelligence in the Supply Chain Market

Logility

Machine Learning has been used to improve demand forecasting since the early 2000s. Demand Planning applications rely on a series of algorithms to take historical shipment data and turn it into a forecast. Artificial Intelligence for Supply Chain Planning. Demand Plannin

Five Steps to Launch a Supplier Scorecard

Logility

Phone * Company * Job Title * Zip Code * Source Asset Source Download ID. 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.

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

Logility

Answering the questions that the business has may require gathering additional data, purchasing data from third parties, or reformatting existing data sources. Phone * Company * Job Title * Zip Code * Source Asset Source Download ID. Demand Planning Supply Planning

Improve Forecast Quality and Reliability with Value-add Forecasting (Part 1)

Logility

The ability to effectively forecast demand is essential for supply chain management decisions. In fact, demand forecasts are used throughout the supply chain including supply chain design, purchasing, operations, inventory, and sales and marketing. Better estimates of demand.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

As demand rides a rollercoaster in the last few months, huge adjustments have been asked from businesses in every corner of the world and sector. Unprecedented demand fluctuations. The demand changes have been dramatic and unprecedented. Can they meet demand in the future?

Separate Demand Signals from ‘Market Noise’

Logility

Multivariate Demand Signal Management isolates actual demand signals from inconsistent market activity and improve forecast quality. What exactly is Multivariate Demand Signal Management? The benefits offered by Logility Multivariate Demand Signal Management.

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).

Supply Chain Wars: Episode V – The Corporation Strikes Back

Logility

Supply Chain Episode IV – A New Hope discussed the need for “Continuous Planning” and why it is the ultimate new supply chain weapon. PLM provides productivity improvements to every area involved in developing, planning, acquiring, making, and delivering a product.

Leveraging Weather Intelligence to Gain a Competitive Edge in Demand Planning

Supply Chain Nation

Optimizing the Customer Experience with Weather Intelligence and Demand Planning. As consumers shop online and offline, their demands and expectations for personalization and fulfillment have gone through the roof. Consumers are driving a very powerful shift and are very demanding, making it much more complicated for retailers to optimize the customer experience. Weather Corrected = Better Demand Perspective.

Leveraging Weather Intelligence to Gain a Competitive Edge in Demand Planning

Supply Chain Nation

Optimizing the Customer Experience with Weather Intelligence and Demand Planning. As consumers shop online and offline, their demands and expectations for personalization and fulfillment have gone through the roof. Weather Corrected = Better Demand Perspective.

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.

Recognizing Culture at the 2020 Atlanta Supply Chain Awards

Demand Solutions

But what if I told you that establishing supply chain planning and procurement processes also helps your company's culture, would you believe me? Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

7 Ways to Woo Consumers with a Sustainable Supply Chain

ModusLink Corporation

Sustainable Supply Chains Sourcing corporate social responsibility Demand Planning logistics reverse logistics supply chain sustainabilityWhen it comes to positioning business for success, today’s brands must look beyond a traditional go-to-market strategy.

Forecast Accuracy: Keep Your Demand Management Process Honest

Kinaxis

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Are you keeping your demand management process honest? ’ You also need measurement and accuracy reports to determine the effectiveness of the entire demand management process.

How to Design a Successful Apparel Supply Chain

Logility

Planners need to contend with inconsistent consumer buying behavior, the need to satisfy multiple channels, complex sourcing options and proliferating “sub-seasons,” collections and assortments. Create a Timely and Accurate “One-Number” Plan. Demand Planning Industry Matters S&OP

Forecasting and demand management for new events using machine-learning algorithm

Kinaxis

When it comes to forecasting and demand management , a lot. For events like the Super Bowl, retail demand planners create forecasts using data from a variety of sources to adjust product demand profiles in anticipation of which product, or group of products might be in demand the most.

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

Talking Logistics

Source: “The Case for Less Silos, More Intelligence in Supply Chain Management,” webcast presentation by Adrian Gonzalez, Adelante SCM. Simply put, he would always have to scramble and pay above market rates to find enough trucking capacity to meet demand.

What Value Are You Getting From Planning?

Supply Chain Shaman

In the 1990s supply chain planning was over-hyped. The growth of the supply chain planning technology market disappointed investors resulting in consolidation and the decline of best-of-breed solutions. In the words of my clients, “What Makes a Good Plan?”

My Video Call with Santa Claus

Logility

Even so, Santa expects a flawless execution of the plan to ensure every good girl and boy receives something from their wish list. Planning optimized is not just a slogan for Santa but the fulfillment of a promise! Santa referred to this system as the Santa Claus (SC) Planning Platform.

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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.