Remove Eliminating Excel in Purchasing Remove Examples Remove Forecasting Remove Innovation
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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely!

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Essential Guide for Demand Forecasting in 2024

ThroughPut

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?

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Supply Chain Resilience. Really?

Supply Chain Shaman

Expand the “FLOW” program for logistics information sharing to forecast transportation flow. If businesses cannot accurately forecast revenue, the organization is not resilient. Let me give you an example. Maximize the value of the purchase order flow data already in the existing networks. (A Yes, I think so.

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Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

So, rather than get overly prescriptive, I’ll use this blog post to highlight some companies that have achieved success through excellence in inventory management , and outline some of the most effective elements of their strategies. Another takeaway is the importance of warehouse layout as an enabler for inventory management excellence.

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HWI Unleashes Continuous Innovation

Logistics Viewpoints

They view their implementation of a tightly integrated suite of applications delivered in a public cloud infrastructure from Oracle as a platform on which they can build to help drive continuous innovation. For example, the bricks in a pizza oven are refractory bricks. HWI employed a crawl-walk-run methodology.

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Elevating The Voice of the Supply Chain Contrarian

Supply Chain Shaman

” The industry is in a groupthink, largely missing the opportunities for breakthrough innovation. For example, the Gartner Top 25 celebrates the accomplishments of Intel (active with Gartner), but in the analysis in Table 1, Nvidia Corporation and Taiwan Semiconductor (TSMC) clearly outperform Intel in the Semiconductor Industry.

Gartner 346
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Holding Ourselves Accountable for Business Results

Supply Chain Shaman

Let’s start with honesty and a focus on process innovation. Implementation of Sales Forecasting. The focus on sales forecasting started shortly after Y2k. Few companies measured the impact on error and bias through the rigor of Forecast Value Added (FVA) analysis. Few measured projects against improved results.