OptiProERP
SEPTEMBER 21, 2023
Inventory forecasting, or demand forecasting, estimates future inventory levels needed using past data, upcoming events, and market trends. Inventory forecasting ensures manufacturers have the proper inventory to meet customers’ needs while minimizing excess inventory costs. Let’s look at the benefits of inventory forecasting.
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.
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QAD
APRIL 6, 2023
Having proper forecasting within your supply chain can help you to be antifragile and assist you in leveraging life’s disruptions. QAD adaptive solutions greatly reduce blockages within your standard operating procedures, training documents, suppliers, shipping requirements and production records. Set to fit your direct needs.
Taulia
FEBRUARY 23, 2022
And, at least for the short to medium term, accounts payable is one area of the balance sheet for which forecasting can be particularly valuable. Having a clear picture of what these liabilities are, how much they total, and when they must be settled by is a critical part of cash flow forecasting. Forecasting accounts payable.
Logistics Bureau
NOVEMBER 1, 2021
And are you struggling with cost and forecasting challenges? At Logistics Bureau, we have supply chain consultants available to help you improve volume forecasting and attain the most favourable container freight rates possible, even during this period of pandemic-induced turmoil. Increase Forecast Accuracy to Attain Lower Rates.
EazyStock
MARCH 22, 2022
Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. Consequences of poor demand forecasting. Use appropriate historical data.
BlueYonder
MARCH 19, 2020
As with hand washing, what might be deemed standard needs to be reevaluated for quality in your forecasts. Even if you are not consistently managing your exceptions and tuning your forecasts right now, these critical set of steps will ensure the cleanliness and usefulness of your demand forecasts for the next week, month and year ahead.
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