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How Does Demand Sensing Differ from Forecasting for Demand Planning?

Logility

The promise of demand sensing is that we can do a better job of anticipating and planning for short-term changes in demand. For today’s supply chain planner, the art and especially the science of forecasting demand have evolved. The promise of Demand Sensing is that we can do better.

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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? . Today we’re focusing on two aspects of demand sensing: 1.

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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. For Logility, demand sensing resides inside the demand planning process.

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What Is Demand Sensing and Why Supply Chain Executives Need to Know More

GlobalTranz

In recent months, conversations about how to improve forecasting in the supply chain have focused on a subject: demand sensing. However, what is demand sensing? In its most basic sense, it’s about.read More.

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Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align.

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Demand Sensing (and Other Secret Ingredients) for Food and Beverage Supply Chain Success

Logility

Food and beverage companies can use demand sensing to predict sudden market trends and prepare for actual supply needs. Demand fluctuations dominate the food and beverage (F&B) industry. How companies in this industry approach demand forecasting can have far-reaching effects on their short-, mid- and long-term success.

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Efficient Dock Scheduling will Maximize Investments in Demand Sensing

C3 Solutions

Demand sensing relies on the automation of analytics, machine learning and real-time information to improve forecasting for a given facility, such as a retailer or warehouse. Unlike traditional forecasting, its advantages lie in adjusting the forecast around the clock and enabling continuous improvement in inventory planning.

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Geopolitical & Regulatory Issues: The Path Forward in Supply Chain & Logistics

Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker

Join demand planning and SIOP expert Lisa Anderson for a riveting discussion evaluating the geopolitical landscape and looking at the bigger picture to create a path forward. Several issues are converging simultaneously, creating a precarious path forward.