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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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What is Demand Forecasting? Importance and Benefits of Forecasting Customer Demand

ShipBob

Forecasting projections is one of the toughest things to get right. Whether your brand is experiencing gradual sales or is in high-growth mode , we’ll walk you through some tips to improve your ability to forecast demand. Jump to section: What is demand forecasting? Jump to section: What is demand forecasting? Conclusion.

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Building Smarter Warehouses with the Latest in Smart Warehousing Technologies

Invata Intralogistics

Innovative technology has revolutionized industries, and the logistics sector is no exception. Today, warehouses are transforming from traditional back-end facilities into high-tech, data-driven distribution centers that are more efficient, accurate, and responsive than ever.

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The Warehouse Execution System: A New Competitive Imperative

Logistics Viewpoints

In today’s fast-paced, hyper-competitive, omni-channel world, warehouses play a critical role in maximizing service and fulfilling the ambitious customer promises that are required today. Warehouses also represent an enormous cost center. Volatile demand means warehouses need to pivot quickly when order volumes change.

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2021 Logistics Outlook: Truckload Freight Market Forecast

GlobalTranz

During the second half of the year, consumers shifted their spending from in-store to buying online, and sellers had to adjust their warehousing and fulfillment networks. The volatility of 2020 and the uncertainties looming into 2021 make it difficult to forecast planning and budgets based on historical data. Contact GlobalTranz Today.

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Demand Planning. When The Answer To Two Simple Questions Is Not So Simple.

Supply Chain Shaman

A large consumer products manufacturer with nine Enterprise Resource Planning (ERP) instances and several divisions wanted to discuss forecasting. The team was not calibrated on the role of forecasting and the basics around process excellence. I find that in the industry, sometimes the basics get lost. What Is a Forecast Anyway?

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What is CPFR? Full Guide to Collaborative Planning, Forecasting, & Replenishment in The Supply Chain

ShipBob

This is where collaborative planning, forecasting, and replenishment (CPFR) comes in. What is collaborative planning, forecasting, and replenishment (CPFR)? Collaborative planning, forecasting, and replenishment (CPFR) is the method of coordinating various supply chain tasks between multiple parties (i.e., Let’s get started.