EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. Is demand planning the same as demand forecasting? While they might sound the same, demand forecasting is actually a part of demand planning.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. Is demand planning the same as demand forecasting? While they might sound the same, demand forecasting is actually a part of demand planning.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

ThroughPut

OCTOBER 7, 2022

Step Up Demand Planning Efforts with a Robust Forecasting Model . Demand forecasting can be a game changer in today’s volatile environment. Infact, according to McKinsey , applying AI-driven demand forecasting to supply chain management can cut down errors by 20-50% and this helps reduce lost sales by 65%.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

ThroughPut

DECEMBER 4, 2022

When demand can be anticipated with accuracy, it can be delivered efficiently with demand forecasting techniques. Using an AI-driven retail replenishment software and planning solution that tracks inventory can help planners easily forecast and balance store demand to provide accurate SKU level replenishment.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

Vanguard Software

JUNE 29, 2021

Accurate forecasting of uncertain demand. Modern demand forecasting platforms, like Vanguard Predictive Planning , look at the specific factors driving demand at a granular level. This planning goes beyond the demand forecast number to the likelihood of demand in any given period. Request a demo toda y. . Register Now.

Forecasting 52

Forecasting Inventory Reduction Material Savings Cost Reduction Strategies 52

ThroughPut

JULY 6, 2021

Thriving In ‘The New Normal’ With 5 Demand Planning & Forecasting Methods. Businesses around the world are pondering upon these questions and each of them leads to a simple answer – effective supply chain demand planning and forecasting. Most manufacturers prefer to leverage analytics data over traditional forecasting methods.

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

ThroughPut

AUGUST 24, 2021

Not limiting this ability to just rectifying errors, analytics can also be leveraged into demand forecasting and profit generation. This is possible by planning product mix, and product sales forecast effectively via demand sensing technologies. Execute high-performing product mix & sales forecasts with AI.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Arkieva

FEBRUARY 13, 2017

How do you establish a forecast improvement process? The forecasting process in demand planning sets the stage for all other planning activities including bill of material (BOM) and finished goods inventory optimization. Related: How to Define Your Forecasting Hierarchy ]. Related: How to Define Your Forecasting Hierarchy ].

Forecasting 60

Forecasting Forecasting Software Inventory Reduction Scenario Planning 60

Arkieva

FEBRUARY 15, 2017

What if scenario forecast simulation: what is the effect of changing the beta parameter in Holt-Winters method? In the previous blog , we experimented with Alpha – the intercept parameter of Holt-Winters method – to see how the forecast gets affected as the weight changes from 0.05 and evaluate how the forecast changes.

Forecasting 60

Forecasting Forecasting Software Scenario Planning Analysis 60

Logility

MARCH 21, 2024

During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

Arkieva

FEBRUARY 1, 2017

What if scenario forecast simulation: what is the effect of changing the alpha parameter in Holt-Winters method? From time to time, clients ask me about the effect of changing a parameter of a forecasting method. Related: Is Your Forecast Biased Much? We observe that as we increase the value of Alpha the forecast changes.

Forecasting 60

Forecasting Forecasting Software Scenario Planning S&OP 60

Arkieva

MARCH 15, 2017

What-if forecast simulation: Statistical Forecasting with Damping Factors. Damping factor is an additional parameter that forecasting tools use to damp the forecast. Damping factor is an additional parameter that forecasting tools use to damp the forecast. This usually affects the trend of the forecast.

Forecasting 60

Forecasting Forecasting Software Scenario Planning Demand Planning Software 60

Arkieva

MARCH 1, 2017

Seasonality forecast simulation: what is the effect of changing the gamma parameter in Holt-Winters forecasting method? For many manufacturing businesses, seasonality affects near and long term forecasts. Read Previous: What-if Wednesday: Forecast Simulation – Changing The Beta Parameter in a Forecasting Method.

Forecasting 60

Forecasting Forecasting Software Scenario Planning Analysis 60

Arkieva

DECEMBER 12, 2016

How does currency demonetization affect statistical forecasting? However, I have now gotten a few queries from my clients/prospects about the best way to deal with this in their statistical forecasting process. Thus, our statistical forecast engine is generating low forecasts for the future.

Forecasting 60

Forecasting Currency Forecasting Software Supply Chain Planning Software 60

Supply Chain Management and Analytics

FEBRUARY 27, 2020

To do that, they need smarter and more agile forecasting and replenishment systems. . The 2020 Gartner Market Guide for Retail Forecasting and Replenishment Solutions* has recognized Solvoyo as a Representative Vendor. . Request a Demo.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Software 52

Supply Chain Management and Analytics

FEBRUARY 27, 2020

To do that, they need smarter and more agile forecasting and replenishment systems. The 2020 Gartner Market Guide for Retail Forecasting and Replenishment Solutions* has recognized Solvoyo as a Representative Vendor. Request a Demo. For retailers, customer-centric inventory management is the key to maximizing sales potential.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Software 52

Resilinc

MARCH 26, 2024

While these solutions all utilize predictive AI, they rely on different models, including regression models, time series forecasting, classification models, clustering models, recommendation models, and simulation models. Time Series Forecasting: Commodity Tracking and Predictions What is time series forecasting?

Modeling 114

Modeling Supply Chain Risk Management Modeling Software Risk Management 114

AIMMS

MARCH 30, 2020

Using Demand Forecasting Navigator to Study Demand Trends. Demo in Network Design Navigator . Study 5: Refine Capacity Smoothing (click to view demo and more information) . Study 6: Accelerate Adoption of Relevant Customer Channels ( click to view demo and more information) . Study 2: Inspect Demand Trends .

Supply Chain Disruption 348

Supply Chain Disruption Supply Chain Design Software Scenario Planning Supply Chain Planning Software 348

Arkieva

DECEMBER 21, 2016

Last week I wrote about the potential benefits in forecasting results based on removing outliers from one-time events. A key question that came up because of that post was this: How long does a change in demand as a result of an event (whether up or down) impact forecasts in the future? This is shown in figure 1 below. Figure 1­­.

Forecasting 60

Forecasting Forecasting Software Supply and Demand Demand Planning Software 60

ThroughPut

APRIL 6, 2020

Effective supply chain planning can help answer the following questions and fill gaps accordingly: Are demand and supply forecast numbers accurately updated and shared across all the functions across relevant department heads and key stakeholders? Are the inventory numbers being tracked accurately across the several stages of production?

Supply Chain Planning Software 52

Supply Chain Planning Software Forecasting Supply Chain Planning Scenario Planning 52

ThroughPut

APRIL 6, 2020

Effective supply chain planning can help answer the following questions and fill gaps accordingly: Are demand and supply forecast numbers accurately updated and shared across all the functions across relevant department heads and key stakeholders? Are the inventory numbers being tracked accurately across the several stages of production?

Supply Chain Planning Software 52

Supply Chain Planning Software Forecasting Supply Chain Planning Scenario Planning 52

Alloy

SEPTEMBER 3, 2019

Forecasted Unit Sales, Retailer Forecasted Unit Sales, Retailer is the number of units that the retailer predicts will be sold in a specified time period at a given location or locations. This retailer forecast can be used as an input into your own forecasting and supply chain planning processes, assuming you trust its accuracy.

Forecasting 40

Forecasting Forecasting Software Alloy Retail 40

ToolsGroup

MAY 4, 2020

Along with its AI-driven demand forecasting and inventory planning software, ToolsGroup has introduced new customer support offerings for COVID-19 planning as well as educational resources including the ebook “ COVID-19 Risk: Enable Swift and Efficient Response to Supply Chain Disruptions.” About ToolsGroup.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120

Supply Chain Shaman

JUNE 28, 2021

The organization is not clear on the role of the forecast. In discussions, the role of the forecast and the budget are intertwined without clarity. The organization abandons the measurement systems for forecast accuracy, value-add from the process, and bias. In the transition, the transfer of knowledge was limited.

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 225

ThroughPut

JANUARY 18, 2024

Demand forecasting Demand forecasting in logistics can project demand ahead of time and meet it when it emerges. Drawing up demand forecasting analytics in the outbound process leads to a blueprint for adding capacity, time, or management buffers for higher demand.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Vendor Strategies Inventory Reduction Resource Reduction 52

Logistics Viewpoints

OCTOBER 19, 2023

Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says. As supply chains have grown in complexity and length, siloed thinking and processes are no longer able to meet this objective.

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

ThroughPut

DECEMBER 1, 2023

It involves constructing an accurate forecast of future demand based on supply drivers, aiming to meet customer needs as precisely as possible. Therefore, demand forecasting is one of the most critical aspects of the replenishment components. Massive disruptions demand a proportionally rapid and innovative response.

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Modeling Vendor Strategies 52

EazyStock

DECEMBER 13, 2020

Did you have frequent stock-outs after adjusting your forecast? Improve Demand Forecasting. Demand forecasting is challenging at the best of times but add an influx of external supply and demand variables and it can seem impossible. How did you react – and were your changes and decisions successful? Digitalization.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Inventory Management Software Resource Reduction 98

EazyStock

DECEMBER 21, 2022

What is demand forecasting? Inventory demand forecasting is how companies predict customer demand for an inventory item over a defined period. Accurate inventory demand forecasting enables a company to hold the right amount of stock, without over- or under-stocking, for optimum inventory control.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

EazyStock

DECEMBER 21, 2022

What is demand forecasting? Inventory demand forecasting is how companies predict customer demand for an inventory item over a defined period. Accurate inventory demand forecasting enables a company to hold the right amount of stock, without over- or under-stocking, for optimum inventory control.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

EazyStock

OCTOBER 20, 2020

This is done by forecasting demand and managing supply variables while dynamically adjusting stock rules and inventory parameters. Our first inventory control technique is all about demand forecasting. Each life cycle stage will affect the item’s demand pattern and so needs to be considered when forecasts are being calculated.

Modeling 98

Modeling Optimization Software Inventory Reduction Optimization Modeling 98

Herlitz Inventory Management

MARCH 23, 2023

When it comes to replenishing inventory, or more generally, inventory optimization, demand forecasting is the first and last most important element. The more important aspect of demand forecasting is WHAT and HOW you feed the forecasting engine as “normal” demand. This would help build an even stronger forecast going forward.

Demand Planning Software 52

Demand Planning Software Supply and Demand Supply Chain Software Forecasting 52

AIMMS

MARCH 30, 2020

Using Demand Forecasting Navigator to Study Demand Trends. Demo in Network Design Navigator . Study 5: Refine Capacity Smoothing (click to view demo and more information) . Study 6: Accelerate Adoption of Relevant Customer Channels ( click to view demo and more information) . Study 2: Inspect Demand Trends .

Supply Chain Disruption 156

Supply Chain Disruption Optimal Sourcing Supply Chain Design Software Scenario Planning 156

ThroughPut

OCTOBER 16, 2022

Demand planning is a key requisite for holistic supply planning as it involves building an accurate forecast of future demand based on supply drivers, to meet customer needs as precisely as possible. Therefore, one of the most critical aspects of the replenishment components is demand forecasting. Real-Time Forecasting.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Modeling Supply Chain Planning Software 52

Vecco International

MARCH 31, 2024

Without this capability, SMBs cannot effectively plan their inventory, production, procurement, create demand forecasts, monitor for potential problems nor proactively respond to supply chain shocks. PIM will enable SMB companies to move from a primary reliance on spreadsheets for supply chain planning to managing at an enterprise level.

Supply Chain Planning Software 40

Supply Chain Planning Software Inventory Management Software Forecasting Software Supply Chain Planning 40

crisp

MAY 3, 2022

With a holistic, up-to-date view of sales trends, for example, brands can better forecast demand, plan production, and get the right amount of product to the right locations. One Crisp customer, No Evil Foods , regularly missed plan before joining Crisp, and has now achieved 99% forecast accuracy.

Supply Chain Planning Software 97

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Innovation 97

crisp

JANUARY 11, 2023

The integration of Crisp and Databricks enables CPG teams to better respond to daily events, forecast for the future, and refine operations and merchandising strategies in real time. Forecasting and planning : An aggregated analysis of top-line trends can inform everything along the supply chain, including Sales & Operational Planning.

Supply Chain Visibility 52

Supply Chain Visibility Real-time Visibility Supply Chain Planning Software Agile and Lean Supply Chain 52