Logistics Viewpoints
MARCH 27, 2023
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! This increases sales.
Logility
JUNE 23, 2023
That’s precisely what demand forecasting feels like for many businesses today. Enter causal forecasting. Unfortunately, many companies hesitate to use causal forecasting, thinking it’s too complicated or resource-hungry. What is Causal Forecasting? That’s where causal forecasting comes into play.
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ToolsGroup
SEPTEMBER 9, 2020
How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? Your customers don’t care if you have a great demand forecast. They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.
SYSPRO Smarter ERP
DECEMBER 19, 2022
In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.
ToolsGroup
NOVEMBER 2, 2020
Melitta Sales Europe (MSE) embarked on an initiative to revamp existing planning and forecasting processes to increase efficiency and sustainability. MSE’s prioritization of its close internal collaboration strengthens the precision of its forecasts, ensuring a more robust S&OP process. A Perfect Brew. Read Case Study.
SYSPRO Smarter ERP
DECEMBER 19, 2022
In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.
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.
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