ToolsGroup

MARCH 16, 2023

We knew we could maintain and raise this level of service, limit waste, and improve profitability by adopting a solution that applies this innovative drive to our planning processes, streamlines collaboration, and increases forecast accuracy.” What makes ToolsGroup’s forecasting approach the most accurate?

Supply and Demand 156

Supply and Demand Forecasting Software Forecasting Supply Chain Planning Software 156

ToolsGroup

SEPTEMBER 13, 2023

The key lies in high performance inventory. Forward-looking supply chain professionals understand that inventory is not an end in itself; it’s a means – to enhanced customer service, increased profitability, and greater efficiency. What is High Performance Inventory? So what are the nuts and bolts of this process?

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

Logistics Viewpoints

JUNE 7, 2021

When companies implement a demand management or replenishment system, the goal is usually to improve customer satisfaction while holding less inventory. The implementation also involves leveraging weather data to improve forecasting. The forecasting projects were focused on secondary distribution. Forecasting is harder there.

Forecasting 168

Forecasting Forecasting Software Optimal Sourcing Modeling 168

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Ask manufacturing leaders what changes they plan to make in the next three years in the wake of the coronavirus pandemic, and they will likely say their use of technology will deepen as more and more players in their supply chains come to rely on digital connections for daily interactions. A Better Way to Forecast. Talent gaps: ?

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

ThroughPut

DECEMBER 5, 2023

Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. The lack of forecasting accuracy can easily spill hardship into other departments. What is Demand Forecasting?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Supply Chain Shaman

APRIL 16, 2024

The sad fact is that most planners spend six to seven hours a day in meetings and struggle to get timely information. This week, I was at Informs Analytics Conference. Can we build collaborative platforms for role-based discussions across commercial (sales and marketing) and operations (manufacturing, logistics, and purchasing) teams?

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 219

QAD

JULY 6, 2023

AI technology can be used to help with forecasting, supply chain planning and demand planning. It’s also being used for inventory management and supply chain optimization. As an example, let’s say that you’re a manufacturer that wants to deliver a brand-new product to your area market.

Forecasting 92

Forecasting Supply Chain Planning Software Supply Chain Planning Forecasting Software 92

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

ThroughPut

MARCH 24, 2024

But with the advent of the information economy and Artificial Intelligence (AI), this process became data-driven. However, the pandemic upended all processes that involved manufacturing, supply, and delivery of goods. Excess inventories lead to excess wastage. Why do you Need Modern Demand Sensing to Solve Modern Problems?

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

New Horizon Supply Chain Blog

AUGUST 30, 2023

Introduction I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. Inventory metrics are less intuitive, but ever since U.S. The link between forecast accuracy and corporate goals is less clear.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Supply Chain Shaman

DECEMBER 7, 2023

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Expand the “FLOW” program for logistics information sharing to forecast transportation flow. The result was restatement. My conclusion?

Supply Chain Design Software 320

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 320

ToolsGroup

SEPTEMBER 6, 2023

The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Global Supply Chain Inventory Optimization (IO) vendors. The comprehensive analysis provides strategic information for users to evaluate different provider capabilities, competitive differentiation, and market positions.

ToolsGroup 156

ToolsGroup Optimization Software Supply Chain Design Software Supply Chain Planning Software 156

Logility

APRIL 17, 2023

As a manufacturing leader, you’re faced with constant disruptions, labor shortages, and the threat of job loss — time is of the essence. of supply chain managers using Excel spreadsheets to manage your inventory and supply chain, it’s time to make a change. If you’re one of the 67.4%

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Supply Chain Software 130

Taulia

JANUARY 4, 2023

Supply chain management comprises parts including supplier management , sourcing, procurement, the accounts payable process , manufacturing, and the delivery of finished products. What is demand forecasting? Demand forecasting is the process used by businesses to predict future demand for a product or service. Collecting data.

Forecasting 52

Forecasting Modeling Optimal Sourcing Supply and Demand 52

SYSPRO Smarter ERP

FEBRUARY 2, 2022

Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. With companies producing more and more products worldwide, the issue of keeping track of enormous amounts of parts and materials used in the manufacturing process has grown increasingly complex.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Management Software Inventory Management Inventory Reduction 105

Unleashed

APRIL 18, 2024

The manufacturing industry thrives on efficiency gains. Just-in-time (JIT) manufacturing is a production management approach that helps you lift efficiency and streamline your operational processes. What is just-in-time manufacturing? What is just-in-time manufacturing? Here’s how it works.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

Unleashed

OCTOBER 14, 2018

Demand forecasting and planning sounds like a complex task requiring input from a team of accountants and economists but, in reality, it’s an easy way to improve your inventory control. Why forecast demand? Strengthening supplier relationships with demand forecasting.

Forecasting 58

Forecasting Forecasting Software Demand Planning Software Supply and Demand 58

New Horizon Supply Chain Blog

JULY 15, 2022

I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. Inventory metrics are less intuitive, but ever since U.S. The link between forecast accuracy and corporate goals is less clear. Introduction.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Inventory Reduction Modeling 111

ShipBob

JULY 9, 2021

If only there was a crystal ball to foresee unexpected events, manufacturing delays, and fluctuations in customer demand. . And since an ecommerce supply chain consists of several moving parts, how does an online brand go about supply chain forecasting, so they can make better predictions and decisions? Download the Guide.

Forecasting 98

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Software 98

SYSPRO Smarter ERP

MAY 4, 2022

Complete halts result in backlogs and delays, which will impact warehouses and more importantly, their inventory management. Inventory takes many forms, ranging from raw materials to finished goods. Inventory exists because a buffer is needed to balance out the uncertainties between demand and supply. Survey findings.

Inventory Management Software 105

Inventory Management Software Inventory Management Inventory Reduction Inventory 105

ThroughPut

DECEMBER 4, 2022

When demand can be anticipated with accuracy, it can be delivered efficiently with demand forecasting techniques. Demand-driven replenishment and fulfillment can help retail planners manage large SKUs, determining each sales location and its optimal inventory targets. Importance of Demand-driven Replenishment.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

Logility

MARCH 21, 2024

Leveraging AI for Faster, Strategic Decision Making There is a lot of information out there around generative AI, and it’s difficult to separate fact from fiction. It can learn faster than humans and is trained to process and analyze huge amounts of information based on training data, algorithms, and statistical models.

Optimal Sourcing 231

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 231

Logility

MARCH 29, 2017

Is 100% forecast accuracy attainable? Anyone that has ever had to forecast demand for products or services knows that obtaining a consistently high forecast accuracy is part science and part magic. Clearly, forecast accuracy is very important. Should it be? Wouldn’t that be called an order? Learn from your Peers.

Forecasting 100

Forecasting Forecasting Software Supply Chain Planning Software Agile and Lean Supply Chain 100

Supply Chain Game Changer

SEPTEMBER 15, 2021

Featuring Our 10 Best Inventory Management Articles! Manufacturing SMBs article and permission to publish here provided by Alina Akk. Inventory management is a holistic and logical methodology for handling both raw materials and finished products. You can’t manufacture shiny new goods without raw materials, after all.

Inventory Management Software 92

Inventory Management Software Manufacturing Procurement Inventory Management Supply Chain Planning Software 92

DELMIA Quintiq

APRIL 6, 2020

In any regular year, manufacturers of seasonal foods such as ice cream, beer and BBQ meat have to deal with uncertainty because consumption of their products are highly dependent on food trends and the weather. Demand planning, however, gets even tougher for manufacturers with the COVID-19 outbreak in 2020.

Scenario Planning 296

Scenario Planning Supply Chain Planning Software Food Modeling 296

ToolsGroup

JULY 5, 2023

With the release of v8.61, ToolsGroup enhances transparency and accuracy while increasing the power of SO99’s forecasting engine with expanded capabilities that now deliver: Automated New Product Introduction (NPI) Suggestions which automatically identify anomalies within NPI forecasts and recommend scenarios to most effectively address them.

ToolsGroup 156

ToolsGroup Optimal Sourcing Waste Reduction Inventory Reduction 156

ThroughPut

OCTOBER 7, 2022

Step Up Demand Planning Efforts with a Robust Forecasting Model . Demand forecasting can be a game changer in today’s volatile environment. Infact, according to McKinsey , applying AI-driven demand forecasting to supply chain management can cut down errors by 20-50% and this helps reduce lost sales by 65%.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 190

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 190

SYSPRO Smarter ERP

JULY 3, 2023

Using artificial intelligence (AI) in manufacturing can significantly improve productivity, reduce equipment failure, increase production efficiency and help identify new business opportunities. The area of AI that manufacturers need to explore to drive their factories into the future is machine learning (ML). The Industry 4.0

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Manufacturing Data 98

ToolsGroup

SEPTEMBER 29, 2022

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. Across other retail sectors, customers have increased their trust in inventory availability from 1-7%. In July 2022, IHL and ToolsGroup surveyed U.S. consumer trust in retailers over the last two years as a result of out-of-stocks.

ToolsGroup 156

ToolsGroup Optimal Sourcing Study Groups 156

Supply Chain Brain

AUGUST 21, 2020

What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind.

Forecasting 40

Forecasting Benchmarking Study Inventory Reduction 40

ThroughPut

JUNE 12, 2023

Forecasting has forever been at the heart of efficient supply chain operations – driving the much needed predictability to source raw materials, manufacture products and fulfill customer needs at the right time, right place and in the right quantity. Clearly, supply chain forecasting has become more complex.

Forecasting 52

Forecasting Sourcing Strategies Agile and Lean Supply Chain Cost Reduction Strategies 52

ThroughPut

APRIL 5, 2024

Inventory is the backbone of the modern firm, and potentially its most important asset. Thus, effective inventory management is one of the crucial goals of modern-day businesses – and a critical element of supply chain management. What is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

SYSPRO Smarter ERP

MAY 10, 2022

With a manufacturing operation based on Assemble-to-order (ATO) , success hinges on being able to get products to customers quickly. There has to be tight control over inventory, and production planning and scheduling need to ensure product delivery. In addition, demand forecasting has to be accurate and costs have to be managed.

Manufacturing Procurement 111

Manufacturing Procurement Procurement Solutions Optimal Sourcing Inventory Management Software 111

EazyStock

MARCH 22, 2022

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. Consequences of poor demand forecasting. Use appropriate historical data.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52