Forecasting Inventory Metrics Strategy 
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.
Logility
JUNE 2, 2023
In the intricate world of supply chain management, the accuracy of demand forecasting often serves as the cornerstone of business growth. Yet, despite its significance, demand forecasting continues to be a thorny issue for many businesses, particularly manufacturers. What is Demand Forecasting Accuracy? Let’s get started!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Supply Chain Shaman
MAY 1, 2023
In contrast, those who outperformed were better at strategy and aligned with outcomes. Instead, the starting point, as shown in Figure 1, should start with a clear understanding of business strategy. The operating strategy–a major part of the supply chain strategy–flows from the business strategy.
Supply Chain Shaman
OCTOBER 16, 2023
Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. A shift from functional metrics to a balanced scorecard. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. Improved Forecast Value Added (FVA).
Supply Chain Shaman
MARCH 21, 2024
In my first classes, I taught the group how to speak the language of demand—forecastability, Forecast Value Added (FVA), backcasting, demand and market latency, and market drivers. We explore the concept of holistic inventory strategies focused on the form and function of inventory. Instead, we need to Jump.
ToolsGroup
NOVEMBER 27, 2018
Editor’s Note: Two years ago we posted a blog about how to set an annual forecast accuracy target and it was one of our most popular topics. It seems as if everyone is looking to improve their forecasting performance. How much can you realistically expect to improve your forecast accuracy each year?
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. Delayed delivery of performance metrics and consumer behavior sets off a chain reaction of excess, wastage, and loss of profits.
Expert insights. Personalized for you.
192 
Let's personalize your content