Remove Forecasting Remove Freight Remove Procurement Analytics Remove Sourcing
article thumbnail

Supply Chain Roundtable Series: Getting Demand Forecasting Right 

Unleashed

Demand forecasting has gained increasing importance over the last few years. We met with five supply chain experts to discuss how crucial demand forecasting is for mitigating risk, and what businesses can do to improve forecast accuracy. Our experts explain that best-practice demand planning begins with a top-down forecast.

article thumbnail

Track the Supply Chain Metrics that Really Matter

Precoro

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Retail Returns: The Key to Driving Business Growth

ToolsGroup

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 83% of consumers with a household income of over $100,000 report that returns are important.

Retail 296
article thumbnail

This Week in Logistics News (May 21 – 27)

Logistics Viewpoints

Dick’s Sporting Goods Beats Forecast in Q1 But Cautions on Inflation, Supply Chain. North American Transborder Freight up 23.8% North American Transborder Freight up 23.8% Dick’s Sporting Goods reported its Q1 financials this week, beating expectations but lower its outlook. billion of freight, up 15.7%

article thumbnail

Procurement and supply chain executives are struggling in the current environment of high inflation and missed deliveries.

NC State SCRC

The report was published in the last month, and reflects some of the increasing challenges and disparities that exist between procurement and supply chain executives. In this study, we explore the primary forms of misalignment that exist between supply chain and procurement executives. (We

article thumbnail

From Predictions to Operations: Compelling Supply Chain AI Use Cases

ThroughPut

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. With rapid fluctuations and uncertainty, predicting customer demand is like shooting in the dark.

article thumbnail

Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

Demand latency is the time from channel purchase to order receipt.) Today, the bellies of the airplanes are full, and the cost of air freight is too high for many manufacturers. While many companies attempt to improve the response by being reactive on traditional data sources, this is not the answer. Rising Complexity.