Remove Eliminating Excel in Purchasing Remove Inventory Remove Scenario Planning
article thumbnail

Inventory Management: Why Excel Is Holding You Back

ToolsGroup

If you’re managing inventory with spreadsheets , you’re not alone—but you might be falling behind. While Excel has long been a go-to for planners, the landscape has changed. In this dynamic environment, inventory management powered by spreadsheets is no longer a viable strategy. But familiarity doesn’t equal effectiveness.

article thumbnail

How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

I laugh when business leaders tell me that they are going to replace their current supply chain planning technologies with “AI.” Each supply chain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

In the fast-paced world of modern supply chains, traditional forecasting methods fall short. Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks.

article thumbnail

Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

Machine learning (ML)a specialized field within artificial intelligence (AI)is revolutionizing demand planning and supply chain management. Even more impressive, lost sales due to stockouts can decrease by up to 65%, while inventory reductions of 20% to 50% are possible.

article thumbnail

The Supply Chain Merry-Go-Around

Supply Chain Shaman

My head is wobbling with announcements, late-night Friday press releases, company name changes, and executive turnover in the supply chain planning market. Logility, a conservative company supply chain planning technology, historically had no debt and cash reserves of more than 80M, is undervalued in this deal.

article thumbnail

Demand Planning: Whipped And Chained by Tradition

Supply Chain Shaman

She wrote, “I have been working in the supply chain for 35 years, and we are still trying to solve the “demand” issue. Solving from a supply side seems to work for many companies I work with. Over the last two years, I actively engaged technologists and business leaders to redefine demand planning.

article thumbnail

Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

The cheese on the puffs stains my hands like I feel that mis-guided past practices have indelibly colored supply chain practices. At the session, we discussed why companies have not made more progress on inventory management. Days of Inventory Pre and Post-Recession. IT View of the Current State of Inventory.