Logistics Viewpoints

AUGUST 4, 2022

If “the forecast is always wrong,” is improving forecast accuracy even the solution to our demand planning woes? Artificial intelligence and machine learning ( AI/ML ) can improve forecast accuracy, but a bigger problem is the failure to set accurate expectations around forecasting models, not the accuracy of the models themselves.

Supply and Demand 246

Supply and Demand Forecasting Forecasting Software Demand Planning 246

SYSPRO Smarter ERP

AUGUST 2, 2023

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. By automating compliance processes and documentation management, manufacturers can reduce manual errors and potential risks.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

SupplyPike

APRIL 10, 2020

Learn how to: Keep your logistics on time and prepared Maintain your replenishment goals Properly forecast and redefine your demand plan Use technology to help. You should also check your event forecast frequently, multiple times per week preferably. Forecasting. Other considerations. How SupplyPike is helping.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 98

ToolsGroup

SEPTEMBER 22, 2020

Given these staggering statistics, what are demand forecasters to do? Examples are: customer experience metrics, feedback on new product features and pricing, customer satisfaction and loyalty, and competitive intelligence. Typically forecasts look out a month to 90 days, during which planners are unable to make improvements.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

SCMDOJO

MARCH 19, 2024

Analyze performance metrics and implement improvements to enhance efficiency. To run the department, a supply chain manager needs certain supply chain metrics and KPIs to improve performance. Materials Planner Forecasts material needs based on production plans and sales forecasts. Enroll Now!

Optimal Sourcing 79

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

Logistics Viewpoints

NOVEMBER 23, 2020

All of those stockouts were extremely small; Ipsen’s metrics counts a stock out for any product not immediately available in any nation, even if typical monthly sales are just a few units. One failure, for example, related to an importation document that did not arrive on time. Often the stock outs are not a planning issue.

Supply and Demand 192

Supply and Demand Customer Service Logistics Network Optimization Software Supply Chain Planning Software 192

ThroughPut

MARCH 15, 2024

Instead, start by documenting current processes and identify issues. Are you losing sales opportunities to poor forecasting? For example, a mislabeled product category can lead to a 10% inefficiency in demand forecasting. Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

ThroughPut

MARCH 15, 2024

Instead, start by documenting current processes and identify issues. Are you losing sales opportunities to poor forecasting? For example, a mislabeled product category can lead to a 10% inefficiency in demand forecasting. Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

Unleashed

NOVEMBER 2, 2023

It is the process of determining future demand for products, how those products will be manufactured to meet that demand, and the manufacturing metrics that will measure success. A production schedule is a document that tells manufacturers which goods need to be produced, when they need to be produced, and the production methods.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

Turvo

SEPTEMBER 29, 2021

According to Inbound Logistics , 2020 went through an 18-month cycle in record time, and no professional or forecast could have predicted such growth. Eliminate Confusion With Digital Document Management. Another way to navigate the current market is by implementing technology like digital document management.

Supply Chain Disruption 76

Supply Chain Disruption Logistics Network Optimization Software Analytics Software Optimization Software 76

OptiProERP

APRIL 9, 2024

Document processes and provide training to employees to ensure compliance and proficiency. Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement. Below are some best practices to follow.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Increase overall equipment effectiveness (OEE).

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

Supply Chain Game Changer

NOVEMBER 3, 2022

This tool allows you to exchange electronic documents like orders, invoices, and shipping notices via an electronic data network (EDN). For example, if you want to improve customer satisfaction in the supply chain, you could use data analytics to track and measure key metrics like delivery time or order accuracy rates.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

crisp

DECEMBER 15, 2021

Work backwards from the desired outcome to see what steps happen leading up to it, documenting the data points available to measure progress along the way. These ‘ driver metrics ’ can give you an early signal to act on before your outcome is impacted. Can we order from a different supplier to meet forecasted demand?

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Supply Chain Shaman

JULY 22, 2016

On an ongoing basis I view supply chain strategy documents. Shifting demand increases cost and complexity while shaping demand increases market share or baseline forecast demand for the product. There are many misconceptions that must be challenged: 1) Demand Management Is Forecasting. What is it? Growth is a common theme.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

Unleashed

JANUARY 10, 2023

It aims to balance supply and demand through accurate forecasting, ensuring maximum revenue and minimal spending. Without it, you’ll struggle to forecast lead times and supply chain costs. Either way, the first thing you should do is establish metrics and KPIs. This grants better vision over your supply chain network.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

Turvo

JUNE 12, 2020

In addition, the right application of analytics helps to improve freight forecasting through continuous analysis of real-time data, reducing the uncertainty running a freight broker business entails as well. According to TruckingInfo , “that gives us the capability to forecast out much farther than our competitors.

Analytics Software 53

Analytics Software Analytics Expense Reduction Cost Reduction Strategies 53

Logility

FEBRUARY 23, 2022

Logility also announced a partnership with Planalytics to identify, quantify and apply weather-driven demand calculations to business planning and forecasting. Other products mentioned in this document are registered, trademarked or service marked by their respective owners. Demand Management, Inc.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Demand Planning Software 130

Locus

APRIL 13, 2023

With the UAE market having nearly 100% of the population with smartphone access, the Dubai Chamber of Commerce and Industry forecasts e-commerce to generate $8 billion in sales by 2025. It also provides detailed analytical insights on sales conversions, meetings, emails, and calls and helps businesses manage their incoming/outgoing documents.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimization Software Analytics Software Supply Chain Planning Software 52

SupplyPike

JUNE 22, 2020

Are you a supplier for Walmart who is looking for a central repository for the information, documents, reports, and special applications to manage your business with Walmart? The latest version provides knowledge on climate conditions and forecast of 52-week sales. Retail Link provides you all this. Merchandising. Try it for free !

Retail 58

Retail Supply Chain Planning Software Procurement Analytics Forecasting Software 58

Unleashed

AUGUST 23, 2023

Receive goods, products, or raw materials from suppliers When items are delivered from suppliers, the warehouse logistics team needs to document, track, and authorise the receipt of the products. In an ideal world, documentation is always kept up to date, but human error and other glitches create issues.

Warehousing 52

Warehousing Logistics Network Optimization Software Supply Chain Design Software Inventory Management Software 52

Precoro

DECEMBER 11, 2023

The goal of strategic sourcing is to streamline supply chain management, increase efficiency in acquisition, reduce risk, and improve price forecasting visibility — all of which result in boosted profitability. The metrics also serve as guidelines for evaluating potential partners to purchase from. Target cost.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Unleashed

OCTOBER 31, 2023

Inventory optimisation Play Video about Inventory optimization software video thumbnail Inventory optimisation involves forecasting demand to ensure you have the right products available, at the right time. Scheduling optimisation uses demand forecasting to schedule your production lines to ensure they are running at maximum efficiency.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

ShipBob

NOVEMBER 6, 2023

By doing physical inventory counts you can improve demand forecasting, minimize stockouts, maintain inventory shrinkage, and more. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand. Demand forecasting is predicting future orders by using historical data.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

ShipBob

JANUARY 6, 2023

Forecast and plan transportation needs. Share compliance information and documentation. Report on important performance metrics. Documentation management. The transportation process can be extremely document-heavy, often requiring multiple documents, forms, and compliance information. MyCarrier TMS.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Kinaxis

MARCH 5, 2015

Consider the following: Keep requirements gathering simple—illustrate with mock-ups instead of long wordy documents. It’s also vital you’ve pre-defined the metrics for adoption, and communicated them to the entire team. Video] Celestica’s Top Priorities for Improving Forecast Accuracy.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Forecasting Software Supply Chain Design 100

OptiProERP

MAY 18, 2023

Therefore, the document should include all relevant information, such as technical specifications, performance standards, and delivery requirements. Inventory management ERP systems can optimize inventory levels by providing real-time inventory data, enabling demand forecasting, and automating inventory replenishment.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Supply Chain Shaman

OCTOBER 25, 2015

One of the suggestions which resonated with the participants was teaching new employees tips and tricks for data storage and document sharing. Educate the Financial Team on How to Use the S&OP Process in Budget Forecasting. When it comes to data storage, every organization is different. Figure 2. S&OP Challenges.

S&OP 150

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Planning 150

Supply Chain Trend

DECEMBER 22, 2023

In my presentation at the 2021 International Symposium on Forecasting (ISF), I then combined decision types with augmentation and automation efficacy as per figure 4 (which I would also slightly change now: I would add augmented analytics, which is more applicable for strategic decisions than decision augmentation).

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

OptiProERP

AUGUST 19, 2022

Throughput is an essential KPI , and a lean metric, as it evaluates performance. Workflow maps also support written documentation and Standard Operating Procedures (SOPs). Companies frequently use workflow mapping to document process examples for ISO certifications. Inefficient forecasting of demand or materials needed.

Manufacturing 52

Manufacturing Resource Reduction Waste Reduction Expense Reduction 52

Zipline Logistics

JANUARY 26, 2021

Isolating essential transportation metrics like cost per 1,000 pounds and miles hauled can give you a look into your transportation efficiency. Having supply chain data is an essential part of forecasting and reducing logistics costs as well as making supply chain refinements.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 52

Supply Chain Shaman

AUGUST 11, 2016

I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. About twice a month, companies ask me to review their strategy documents. Focus on improving your forecast; measure the error of your forecast and drive greater accuracy for your supplier. I am on a mission.

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Locus

OCTOBER 12, 2022

At the same time, the demand for urban last-mile delivery is forecast to grow by 78% by 2030 , leading to 36% more delivery vehicles in the world’s top 100 cities. They can do this by tracking and documenting all the labor, handling, and materials components from source to destination. billion U.S. from 2022 to 2030. Schedule Demo.

Material Savings 52

Material Savings Optimal Sourcing Sourcing Strategies Sustainability 52

OptiProERP

MARCH 15, 2022

The production schedule is a versatile and important document that focuses on planning, forecasting, predicting, and meeting demands on time. Greater metrics are gained to analyze performance and make informed decisions. The production schedule acts as a line of communication between the production and sales teams.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

The Network Effect

MAY 6, 2015

Researchers call this effect “cognitive overload” and its unfortunate effects are well documented. As companies expand and mature, rather than rationing or reducing load, they often pile on so many metrics, procedures, processes and activities that people lose the capacity and capability to do the right things.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 100