Logility

MARCH 6, 2020

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. Let’s take a closer look at each one. Accuracy and transparency.

Forecasting 260

Forecasting Supply and Demand Forecasting Software Modeling 260

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

ToolsGroup

NOVEMBER 27, 2018

Editor’s Note: Two years ago we posted a blog about how to set an annual forecast accuracy target and it was one of our most popular topics. It seems as if everyone is looking to improve their forecasting performance. How much can you realistically expect to improve your forecast accuracy each year?

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

ToolsGroup

SEPTEMBER 9, 2020

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? Your customers don’t care if you have a great demand forecast. How do you turn a good forecast into a great inventory plan? How do you turn a good forecast into a great inventory plan? They care if you have the inventory they want when they want it.

Forecasting 156

Forecasting Modeling Forecasting Software Inventory Reduction 156

Logility

AUGUST 14, 2020

Forecasting is an “inexact science” that relies on the data available to you, the math you use, and how you implement the forecast. And your forecasting success is fundamentally impacted by your understanding of that data, its strengths and limits. How you roll up your data for forecasting fundamentally impacts accuracy.

Forecasting 147

Forecasting Forecasting Software Demand Planning Software Modeling 147

ToolsGroup

JUNE 22, 2021

ToolsGroup’s supply chain planning software allows Italy’s largest grocery retailer to improve forecast accuracy, model promotional events, and improve visibility and collaboration with cooperatives. The challenge that Conad has posed to us is to apply our technologies in a complex multi-channel distribution system. About ToolsGroup.

Forecasting 120

Forecasting Forecasting Software Supply Chain Planning Software ToolsGroup 120

Logility

OCTOBER 29, 2021

Process manufacturers in particular, with their reliance on a consistent ingredient mix, have unique challenges that require accurate forecasting to keep up with manufacturing demand. Granular forecasting at the SKU level. With the right technology, process manufacturing strategy, planning, and management can be simplified.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

New Horizon Supply Chain Blog

AUGUST 30, 2023

Introduction I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. The link between forecast accuracy and corporate goals is less clear. But that doesn’t make forecasting any less important.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Supply Chain Shaman

NOVEMBER 9, 2023

Traditionally, the definition of end-to-end supply chain planning meant: Forecasting based on order or shipment patterns. Forecast consumption into supply planning based on rules (rules-based-consumption). Translation of the demand forecast into planned orders to minimize manufacturing constraints. I do not define it by error.)

Optimal Sourcing 335

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 335

Supply Chain Shaman

MARCH 21, 2024

In my first classes, I taught the group how to speak the language of demand—forecastability, Forecast Value Added (FVA), backcasting, demand and market latency, and market drivers. 40-50% of items are not forecastable at an item/location level. The tight integration of APS to ERP introduces nervousness in complex systems.)

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

ShipBob

JULY 9, 2021

And since an ecommerce supply chain consists of several moving parts, how does an online brand go about supply chain forecasting, so they can make better predictions and decisions? There are several supply chain forecasting methods that businesses of all sizes can use that doesn’t involve hiring a psychic. Download the Guide.

Forecasting 98

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Software 98

ToolsGroup

NOVEMBER 15, 2016

In 2016, it seemed as if everyone in supply chain was looking to improve their forecasting performance. Unsurprisingly, the highest percentage of respondents in a recent Gartner/Supply Chain Digest survey selected forecast accuracy and demand variability as the top barriers preventing them from reaching their broader supply chain goals.

Forecasting 120

Forecasting Forecasting Software Supply and Demand Modeling 120

Logility

AUGUST 23, 2016

I have heard a number of supply chain professionals proclaim that their companies should stop forecasting product demand due to poor forecast accuracy. And I agree that some companies can operate leaner if they move to a pull distribution strategy based on actual customer demand. It’s the old Push – Pull argument.

Forecasting 100

Forecasting Forecasting Software Supply and Demand Inventory Reduction 100

Demand Solutions

DECEMBER 16, 2014

The brand new Demand Solutions e-book: 42 Principles of Forecasting provides practical and actionable tips for how any company can improve its forecasting process. One of my responsibilities as director of marketing was to provide our plant manager with sales forecasts.

Forecasting 147

Forecasting Forecasting Software Supply Chain Planning Software Demand Planning Software 147

Logility

MARCH 29, 2017

Is 100% forecast accuracy attainable? Anyone that has ever had to forecast demand for products or services knows that obtaining a consistently high forecast accuracy is part science and part magic. Clearly, forecast accuracy is very important. Should it be? Wouldn’t that be called an order? Learn from your Peers.

Forecasting 100

Forecasting Forecasting Software Supply Chain Planning Software Agile and Lean Supply Chain 100

New Horizon Supply Chain Blog

JULY 15, 2022

I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. The link between forecast accuracy and corporate goals is less clear. But that doesn’t make forecasting any less important. Introduction.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Supply Chain Shaman

NOVEMBER 15, 2023

The essence of the question is resilience and the ability to forecast in a variable market reliably. This gets us to the question of what is the role of the forecast?` For most, forecasting is a conundrum full of potholes, politics, and bias. I attempted and failed to: Use Point of Sale Data in Supply Chain Forecasting.

Supply Chain Planning Software 386

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 386

BlueYonder

JULY 15, 2021

When I’m considering whether to risk cleaning my bike after a ride, I rely on a weather forecast that may or may not materialise. I don’t question whether the forecast is right, I accept that it is uncertain; sometimes it rains, sometimes it doesn’t. Planning inventory relies on an accurate demand forecast.

Forecasting 57

Forecasting Forecasting Software Supply and Demand Modeling 57

SCMDOJO

FEBRUARY 20, 2023

Want to streamline your distribution operations? The field of distribution operations is rapidly evolving with the rise of eCommerce, with fierce competition between distributors. A well-designed Distribution Operations strategy can help businesses optimize their supply chain, reduce costs, and improve customer satisfaction.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

My Office Apps

OCTOBER 9, 2023

How Artificial Intelligence is Changing Distribution Management Software The way businesses manage distribution of goods is evolving quickly with advancement of technology today. Traditional distribution management methods are giving way to emerging technologies, and Artificial Intelligence (AI) is leading the charge.

Optimization Software 73

Optimization Software Forecasting Software Inventory Management Software Supply Chain Planning Software 73

ToolsGroup

NOVEMBER 1, 2016

This explains also why supply chain planners struggle to improve their forecasts and end up hitting a ceiling. Even if Granarolo can successfully model and forecast the impact of these promotions, its competition will see them as periods of unpredicted demand decline that increases their demand volatility.

Forecasting 120

Forecasting Modeling Forecasting Software Demand Planning Software 120

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

ThroughPut

JUNE 12, 2023

Forecasting has forever been at the heart of efficient supply chain operations – driving the much needed predictability to source raw materials, manufacture products and fulfill customer needs at the right time, right place and in the right quantity. Clearly, supply chain forecasting has become more complex.

Forecasting 52

Forecasting Sourcing Strategies Agile and Lean Supply Chain Cost Reduction Strategies 52

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 247

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 247

Vanguard Software

JUNE 29, 2021

The distribution industry’s supply chain is squeezed between manufacturers and their customers, facing increased competitive threats, escalating SKU counts, and expanding e-commerce. Smart planning alleviates the risk of distribution supply chain uncertainty. Accurate forecasting of uncertain demand. Right-sizing inventory.

Forecasting 52

Forecasting Inventory Reduction Material Savings Cost Reduction Strategies 52

The Network Effect

JANUARY 13, 2015

At some point most forecasting methods will hit the law of diminishing returns where the forecast accuracy will tend to flatten out, regardless of the formulae or analytics that are applied. The post A new frontier for forecast accuracy appeared first on The Network Effect. Supply Chain Management demand-driven forecasting'

Forecasting 100

Forecasting Supply and Demand Predictive Analytics Distribution 100

BR Williams Supply Chain Management

JANUARY 18, 2021

What is Distribution Management? Distribution management includes forecasting, transportation, warehousing, and delivery within the larger universe of logistics and supply chain management. Distribution management is an integral part of logistics. Forecasting tools. Logistics software. Highly efficient equipment.

Inventory Reduction 89

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 89

AFFLINK

MAY 3, 2019

As businesses scale, they need to investigate the accuracy of their inventory management and forecasting processes. Demand forecasting goes beyond simple estimates of product demand, looking into complex patterns over time to produce more accurate and timely predictions. The Advantages of Forecasting in the Supply Chain.

Forecasting 90

Forecasting Forecasting Software Inventory Reduction Demand Planning Software 90

Arkieva

JANUARY 16, 2020

Inventory Forecasting is the process in which the historical sales data, historical purchasing data, current demand planning, planned production, and distribution resource plan data are used for predicting inventory levels in a future time period. What is Inventory Forecasting & Why your Business needs it?

Forecasting 62

Forecasting Inventory Supply and Demand Supply Chain Planning 62

Supply Chain Shaman

OCTOBER 11, 2023

Today, it is a skewed distribution with only 7% of manufacturing and retailers claiming to be innovators to drive first-mover advantage through technology. I often laugh when companies ask me to define a good forecast. No network provider is driving interoperability between networks or break through thinking in outside-in processes.

Supply Chain Planning Software 379

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 379

BlueYonder

JANUARY 24, 2022

This blog post on forecast evaluation discusses common pitfalls and challenges that arise when evaluating probabilistic forecasts. Our aim is to equip Blue Yonder’s customers and anyone else interested with the knowledge required to setup and interpret evaluation metrics for reliably judging forecast quality.

Forecasting 71

Forecasting Forecasting Software Predictive Analytics Software Groups 71

ToolsGroup

MAY 16, 2023

These often included: Collaborating more effectively with suppliers: More organizations are embracing a more holistic supply chain strategy by knowledge-sharing with suppliers to align on lead times, forecasts, and buying projections. Probabilistic forecasting continues gaining momentum. Still new to probabilistic forecasting?

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

Vanguard Software

MAY 4, 2021

However, there are quite a few ways to improve demand forecast accuracy. Here are seven ways to improve demand forecast accuracy for increased operational efficiency and profit. The Business Case for Demand Forecasting. The first step in the forecast process is to determine assumptions, or starting values.

Forecasting 52

Forecasting Forecasting Software Supply and Demand Modeling 52

Demand Solutions

DECEMBER 16, 2014

The brand new Demand Solutions e-book: 42 Principles of Forecasting provides practical and actionable tips for how any company can improve its forecasting process. One of my responsibilities as director of marketing was to provide our plant manager with sales forecasts.

Forecasting 100

Forecasting Forecasting Software Supply Chain Planning Software Demand Planning Software 100

ToolsGroup

JANUARY 15, 2024

According to G2 , “Despite our expansive report distribution, only the crème de la crème earn the honor of a Leader or High Performer badge within these reports.” Across all report categories, less than 4% of products and services earn Leader recognition.

ToolsGroup 177

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply and Demand 177

Vanguard Software

MAY 4, 2021

However, there are quite a few ways to improve demand forecast accuracy. Here are seven ways to improve demand forecast accuracy for increased operational efficiency and profit. The first step in the forecast process is to determine assumptions, or starting values. Produce a range of forecasts. Webinar: Register Now.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ToolsGroup

MARCH 3, 2021

This article will explore the different retail channels and reveal tips for finally mastering demand forecasting for the fashion industry. franchising) complete the distribution mix. Requirements for demand forecasting in the fashion industry. This technique can be leveraged by new product forecasting with machine learning.

Supply and Demand 296

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 296