article thumbnail

The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Solvoyo’s Solution Bugaboo: something that causes fear or distress out of proportion to its importance. Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Would better forecasting accuracy be a good thing? Absolutely!

article thumbnail

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

“Currently, the biggest challenge for supply chain managers is…” Keeping up with consumers and their buying behaviors. Will it require frequent maintenance and re-tooling? Logistics and delivery can be handled in a very optimized way with the help of automated solutions using data and information.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Master Data Management is Important in Trade Compliance

3rdwave

The need for MDM has always been important, but with the increasing multi-tiered purchase and sales environments, the need for centralized MDM is becoming even more important. Products should: support central management for HS and Schedule B, dual-use or military classification. provide license management. Document control.

article thumbnail

Coronavirus & The CPG World: What to do now and how to prepare for the future?

Supply Chain Management and Analytics

The enablers are physical and digital automation at their DCs as well as Solvoyo’s autonomous decision-making platform that manages their forecasting, inventory management, replenishment, and purchase orders. While we know of many other clients and prospects who are trying to perform what-if simulations using Excel spreadsheets.

article thumbnail

Coronavirus & The CPG World: What to do now and how to prepare for the future?

Supply Chain Management and Analytics

The enablers are physical and digital automation at their DCs as well as Solvoyo’s autonomous decision-making platform that manages their forecasting, inventory management, replenishment, and purchase orders. While we know of many other clients and prospects who are trying to perform what-if simulations using Excel spreadsheets.

article thumbnail

Technology and the Changing Nature of Logistics

Enterra Insights

It spans the purchase of raw materials to the final delivery of the merchandise to the customer, including the intermediate processing of the goods. And, as commerce gets smarter and expands into more channels, supply chains are turning to IoT-based smart solutions.”[3] ”[1]. They are: Tip #1: Begin with a good strategy.

article thumbnail

Why Master Data Management is Important in Trade Compliance

3rdwave

The need for MDM has always been important, but with the increasing multi-tiered purchase and sales environments, the need for centralized MDM is becoming even more important. Products should: support central management for HS and Schedule B, dual-use or military classification. provide license management. Document control.