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.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 98

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting?

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

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.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 52

ToolsGroup

DECEMBER 2, 2021

There’s been a lot of change in how we view supply chain demand forecasting: we moved from a focus on supply—what and how much to supply or replenish—to the demand-driven supply chain, which placed too much emphasis on the intermediate goal of an accurate demand forecast. What is demand forecasting in supply chain management?

Inventory Reduction 156

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 156

Supply Chain Shaman

MARCH 21, 2023

Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation. Next steps?

Inventory Reduction 371

Inventory Reduction Inventory Price Reduction Cost Reduction Strategies 371

ShipBob

OCTOBER 24, 2022

You never really know how it will all turn out, yet you need to be able to answer questions like these: How many units of inventory do you need to have on hand to be at full stock for each SKU? How often do you project to replenish inventory ? Forecasting projections is one of the toughest things to get right. That’s fine!

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

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

ToolsGroup

MARCH 30, 2022

It’s no simple task providing customers access to the full range of capsules and coffee machines on all sales channels, across more than 70 boutiques in Italy, while optimizing inventory levels. By using daily forecasts and replenishment constraints such as storage capacity, safety stock, stock, lead time, etc., Optimized transport.

Supply Chain Planning Software 317

Supply Chain Planning Software Optimization Software Modeling Supply Chain Optimization 317

ThroughPut

MARCH 25, 2024

In supply chain management, accurately distinguishing between demand planning and demand forecasting is essential yet challenging. The consequences of conflating demand planning with demand forecasting are significant, impacting inventory management, customer satisfaction, and financial health. What is Demand Forecasting?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Unleashed

AUGUST 23, 2021

A crystal ball sometimes wouldn’t go amiss in inventory forecasting. Here we explain the methods and formulas you can use to improve your inventory forecasting, and best practices for your business when designing and carrying out this process. Read more: What is Inventory Management?

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Inventory Management Software 98

Arkieva

AUGUST 17, 2021

Having access to an accurate forecast is very beneficial for businesses. At a more tactical level, it can help reduce the costs associated with meeting the customer demand and make the supply chain more efficient. How Forecastable is Your Data? was first posted on August 17, 2021 at 8:05 am.

Forecasting 157

Forecasting Data Supply and Demand Modeling 157

ToolsGroup

OCTOBER 16, 2018

An experienced gambler might hedge their bet on multiple outcomes, rather than just the most likely "single number forecast". At ToolsGroup we have been big advocates of probabilistic forecasting (sometimes also known as stochastic forecasting). In this case, forecasting 100 units is a pretty safe bet.

Forecasting 189

Forecasting Forecasting Software Supply Chain Planning Software Scenario Planning 189

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 Modeling Optimal Sourcing 168

ToolsGroup

AUGUST 20, 2021

Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.” This is different from problematic ABC inventory classification.

Modeling 317

Modeling Inventory Reduction Inventory Forecasting 317

ToolsGroup

JANUARY 15, 2024

BOSTON & LONDON — January 15, 2024 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite. Read more HERE.

Inventory Reduction 177

Inventory Reduction ToolsGroup Waste Reduction Price Reduction 177

Logility

JANUARY 12, 2024

Navigating the $5 trillion North American apparel market requires precision, especially when dealing with the intricate complexities of forecasting and inventory management. The Apparel Industry’s Forecasting Maze Mastering the art of forecasting is critical in the apparel industry.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

EMERGE App

FEBRUARY 23, 2020

What is Inventory Forecasting? Wait, what has this got to do with inventory forecasting? The Goldilocks Principle of having something that is not too hot and not too cold has been used for everything from the search for habitable Earth-like planets to inventory management, and of course, the perfect porridge temperature.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Inventory 98

GlobalTranz

DECEMBER 22, 2020

The volatility of 2020 and the uncertainties looming into 2021 make it difficult to forecast planning and budgets based on historical data. Rapid shifts in sourcing increased shipping spend and left routing guides useless for meeting demands. Those unexpected surges meant forecasts were worth as much as the paper they were printed on.

Forecasting 156

Forecasting Forecasting Software Freight Inventory Reduction 156

Logistics Viewpoints

APRIL 4, 2024

During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. Looking back on that week of straight rain in August, not only were my tips affected, but the data for future forecasts was as well! Often, planners spend hours trying to get to a good forecast.

Supply and Demand 230

Supply and Demand Demand Planning Modeling Scenario Planning 230

DELMIA Quintiq

SEPTEMBER 5, 2019

There is a saying among forecast users: “ If you forecast, you may be wrong; but you will always be wrong if you do not forecast.”. Demand planning is crucial for companies to determine the figures they need in different areas of operations, such as production planning, purchasing raw materials and inventory investments.

Forecasting 120

Forecasting Forecasting Software Modeling Supply Chain Planning Software 120

BlueYonder

JUNE 29, 2023

Market-based demand forecasting to help you predict orders and resources Retailers are facing increasing pressure to offer affordable, reliable and frictionless omni-channel fulfillment experiences. This customer example is just the beginning of a whole new way of retail and grocery planning solutions that we call Fulfillment Forecasting.

Forecasting 53

Forecasting Forecasting Software Resource Reduction Meeting 53

ToolsGroup

MARCH 24, 2021

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

Unleashed

MAY 1, 2023

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.

Forecasting 96

Forecasting Supply and Demand Modeling Forecasting Software 96

Supply Chain Shaman

OCTOBER 25, 2017

A Closer Look at Forecasting. Traditionally companies forecast using history (shipments or orders) and applying linear regression to understand the patterns of historical demand using these to estimate future requirements in a time-series format. Spairliners: A Case Study in Probabilistic Forecasting. About Spairliners.

Forecasting 151

Forecasting Forecasting Software Modeling Supply Chain Planning Software 151

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

Logility

OCTOBER 29, 2021

Process manufacturers in particular, with their reliance on a consistent ingredient mix, have unique challenges that require accurate forecasting to keep up with manufacturing demand. Is inventory keeping up with demand? Granular forecasting at the SKU level. What seasonal factors affect your business?

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

ThroughPut

MARCH 24, 2024

Demand planning and forecasting in the traditional sense relied heavily on a combination of limited and biased data and gut instinct. Excess inventories lead to excess wastage. Not limiting this ability to just rectifying errors, analytics can also be leveraged into demand forecasting and profit generation.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

ShipBob

FEBRUARY 26, 2024

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.

Forecasting 52

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 52

New Horizon Supply Chain Blog

SEPTEMBER 18, 2023

Introduction I started to write a “Demand Forecasting 101” article but decided that was going to turn into another Ph.D. This is a list of things that I learned about demand forecasting early in my career – things that would have been nice to know from day one. But this list is agnostic of the particular forecasting technology used.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ToolsGroup

MAY 24, 2017

So it’s not surprising that many are looking for more accurate demand forecasting and intelligent stock replenishment. In a report entitled Market Guide for Retail Forecasting and Replenishment Solutions , Gartner analyst Mike Griswold spotlights seven recent trends in this area. 5/ Product returns are increasingly costly.

Forecasting 202

Forecasting Forecasting Software Demand Planning Software Modeling 202

ThroughPut

SEPTEMBER 16, 2021

When demand can be anticipated with accuracy, it can be delivered efficiently with demand forecasting techniques. . Therefore, it is essential to switch to a supply chain model that acts on the forecasted demand to cut down wastages, enhance viability and eliminate bottlenecks. Data-driven demand forecasting for the win.

Forecasting 52

Forecasting Modeling Forecasting Software Demand Planning Software 52

Supply Chain Shaman

OCTOBER 16, 2023

I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. Holistic design of the form and function of inventory with a focus on setting inventory targets for each flow. Improved Forecast Value Added (FVA). Instead, focus on Forecast Value Added analysis.

S&OP 309

S&OP Supply and Demand Forecasting Supply Chain Design Software 309

ToolsGroup

DECEMBER 12, 2017

Since the beginning of time – OK, since the beginning of demand forecasting the standard approach has been a single number forecast that works relatively well with stable high volume demand. Traditional forecasting tools such as SAP APO, designed 25 years ago or more, generally hold their own in this environment. Under the Hood.

Forecasting 185

Forecasting Forecasting Software SAP Modeling 185

ToolsGroup

JUNE 22, 2021

ToolsGroup’s supply chain planning software allows Italy’s largest grocery retailer to improve forecast accuracy, model promotional events, and improve visibility and collaboration with cooperatives. ToolsGroup supported Conad in defining a new demand planning and collaboration process with downstream cooperatives and upstream suppliers.

Forecasting 120

Forecasting Forecasting Software Supply Chain Planning Software ToolsGroup 120

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

Logility

APRIL 23, 2020

So, the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. Here are a few steps that you will need to take to deploy your forecasts successfully. Take a data asset inventory. The only way to improve forecasting is to track results.

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148