ToolsGroup

MAY 17, 2021

The Council for Supply Chain Management Professionals (CSCMP) and ToolsGroup surveyed more than 200 supply chain professionals around the world on the state of supply chain digital transformation in planning. This blog post highlights some of the key findings. The Race to a More Profitable and Resilient Supply Chain.

Survey 289

Survey Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 289

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. Here are solutions to the top challenges facing process manufacturers according to a recent, comprehensive survey: 1.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

Logistics Viewpoints

APRIL 11, 2024

I’ll describe three of the top areas: seamless collaboration, improved forecast accuracy embedded in the supply chain workflow, and disruption response. Planning together allows companies to reduce excess inventory that builds up when they plan sequentially. Had we forecasted that, we would have built a different supply chain.”

Pharmaceutical 231

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Agile and Lean Supply Chain 231

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

ToolsGroup

MAY 16, 2023

These often included: Collaborating more effectively with suppliers: More organizations are embracing a more holistic supply chain strategy by knowledge-sharing with suppliers to align on lead times, forecasts, and buying projections. Probabilistic forecasting continues gaining momentum. Consider adopting decision-centric planning.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

ToolsGroup

SEPTEMBER 29, 2022

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. In July 2022, IHL and ToolsGroup surveyed U.S. The survey report: How Retailers Win Customer Loyalty in an Omnichannel World tracks the change in U.S. Retailers can counter a staggering $1.9

ToolsGroup 156

ToolsGroup Optimal Sourcing Study Groups 156

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

BlueYonder

DECEMBER 4, 2023

A recent survey of demand planners’ concerns and day-to-day experiences sheds light on the challenges faced by planning teams today and highlights the pressing need for innovative solutions to solve for them. According to the survey, 60% of respondents shared concerns about overworked, stressed-out planners.

Supply and Demand 84

Supply and Demand Modeling Supply Chain Planning Software Scenario Planning 84

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

20Cube Logistics

JANUARY 22, 2022

In this modern data-driven world, it may come from any horizon; be it through the surveys and the observations made by private/public agencies or through the real-time trends that are collected over time with the help of ultra-modern gadgets. Makes the process of converting inventory into revenue faster.

Forecasting 75

Forecasting Forecasting Software Optimal Sourcing Prescriptive Analytics Software 75

ShipBob

JULY 9, 2021

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? There are several supply chain forecasting methods that businesses of all sizes can use that doesn’t involve hiring a psychic. Download the Guide.

Forecasting 98

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Software 98

Taulia

JANUARY 4, 2023

With the ability to accurately forecast future demand, you can optimize supply chain activities for revenue, consistently meet customer expectations to drive loyalty, and avoid costly overproduction. What is demand forecasting? Demand forecasting is the process used by businesses to predict future demand for a product or service.

Forecasting 52

Forecasting Modeling Optimal Sourcing Supply and Demand 52

Logistics Viewpoints

FEBRUARY 3, 2022

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?

Inventory Reduction 290

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 290

ToolsGroup

JULY 27, 2021

No forecast can predict the future with absolute certainty. For uncertain demand environments, probabilistic forecasting is the most reliable forecasting method because it takes inaccuracy and uncertainty into account. Sense Consumer Demand to Fine-Tune Forecasts. Make Sure Your Inventory is Healthy.

Agile and Lean Supply Chain 290

Agile and Lean Supply Chain Supply and Demand Supply Chain Planning Software Gartner 290

Logility

AUGUST 23, 2016

I have heard a number of supply chain professionals proclaim that their companies should stop forecasting product demand due to poor forecast accuracy. However, what is often overlooked is that moving to a pull strategy does not eliminate the need for a forecast. It’s the old Push – Pull argument. Financial Impact.

Forecasting 100

Forecasting Forecasting Software Supply and Demand Inventory Reduction 100

Logility

FEBRUARY 16, 2024

Business leaders are particularly interested in the potential improvements AI presents, according to a BCG survey. Over half (54%) of surveyed executives anticipate AI to yield cost savings in 2024. The possibilities presented by AI in supply chain management are truly endless.

Supply Chain Planning Software 198

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Forecasting Software 198

ToolsGroup

NOVEMBER 15, 2016

In 2016, it seemed as if everyone in supply chain was looking to improve their forecasting performance. Unsurprisingly, the highest percentage of respondents in a recent Gartner/Supply Chain Digest survey selected forecast accuracy and demand variability as the top barriers preventing them from reaching their broader supply chain goals.

Forecasting 120

Forecasting Forecasting Software Supply and Demand Modeling 120

BlueYonder

DECEMBER 11, 2023

Inventory control represents a huge challenge for any retailer. In fact, inaccurate inventory is the single biggest cause of poor customer experience, according to a new survey by Blue Yonder. How did the company overcome its inventory issues? How do you forecast demand for such a wide range of products?

Inventory Reduction 74

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Retail 74

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

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

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

Logistics Viewpoints

FEBRUARY 15, 2023

Results from The Conference Board’s C-SUITE OUTLOOK survey showed supply chain disruptions, labor shortages, and rising inflation to be 3 of the 5 high impact external factors on the minds of CEOs. Here are some preliminary survey results thus far. There are numerous indications that supply chain is more critical than ever.

Supply Chain Planning 198

Supply Chain Planning Optimal Sourcing Supply Chain Optimization Supply Chain 198

New Horizon Supply Chain Blog

JUNE 18, 2022

If you do a Google search, you can find a huge number of articles providing expert guidance on how to measure forecast accuracy, going into the merits of root-mean-square error and other esoteric topics. Corporate Politics Should Not Drive the Forecast Level. First, a story that prompted this blog post.

Forecasting 52

Forecasting Supply Chain Planning Scenario Planning Supply and Demand 52

Logistics Viewpoints

JUNE 29, 2023

A recent report says that more than 77% of companies said, in a survey, that they are investing in deeper and more collaborative supplier relationships to improve resilience and agility. Consequences of Lack of PO Collaboration Capabilities Failure to prioritize PO collaboration can lead to severe consequences for companies.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

Supply Chain Shaman

JUNE 30, 2023

As a result, demand planning is largely manual, inventory management is a series of manual inputs, and production planning is via spreadsheet. Anne is a lean disciple and sees all inventory as Muda. She lacks the appreciation for the need for inventory as a buffer. I advised John to ask for help to improve inventory health.

Supply Chain Planning Software 312

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 312

E2open

AUGUST 10, 2018

Inventory management is a key contributor to the bottom line for every company with a supply chain. Clear visibility to all inventory in all locations eludes many companies, leading to inaccurate inventory forecasting and costly expedites, among other problems. Delivered.

Inventory Reduction 60

Inventory Reduction Cost Reduction Strategies Price Mitigation Strategies Survey 60

BlueYonder

APRIL 18, 2024

Demand forecasts need to be accurate to ensure profitability — even in the face of unprecedented volatility. Consumers need real-time visibility to inventory. To answer that question, Blue Yonder recently commissioned Gatepoint Research to conduct a survey 1 of senior retail decision-makers.

Supply Chain Planning Software 89

Supply Chain Planning Software Forecasting Software Modeling Software Demand Planning Software 89

Logistics Viewpoints

JUNE 16, 2022

The same-day delivery market is forecast to double over the next three years. According to a survey by Gatepoint Research, 40% of retailers are focusing on this as one of their 2022 priorities. Step One: Right Inventory in the Right Location. Inventory will be held at third parties, sold through marketplaces or drop-shipped.

Forecasting 279

Forecasting Inventory Reduction Retail Survey 279

Clear Spider

OCTOBER 10, 2023

In the fast-paced world of seasonal inventory, trend forecasting is crucial for success. Traditionally, companies built inventory management strategies around long-term forecasting and stable market conditions. If businesses are going to keep up, they’ll need to adopt new inventory management strategies.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Forecasting Software 52

BlueYonder

FEBRUARY 18, 2021

Understanding how an event shapes demand is critical to producing a good demand forecast, which in turn directly influences inventory levels, resource schedules and assortment planning. We can see the improvement of Blue Yonder’s automated AI forecast with a PredictHQ’s intelligent event service for a Northern European grocer.

Forecasting 55

Forecasting Supply Chain Software Supply and Demand Big Data 55

ThroughPut

JULY 6, 2021

Thriving In ‘The New Normal’ With 5 Demand Planning & Forecasting Methods. Businesses around the world are pondering upon these questions and each of them leads to a simple answer – effective supply chain demand planning and forecasting. Most manufacturers prefer to leverage analytics data over traditional forecasting methods.

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

Logility

SEPTEMBER 7, 2023

We surveyed 1425 registered attendees to understand their perceptions of the impact of ChatGPT on Supply Chain Planning. According to the survey, 79% of the respondents perceived a high or very high impact of ChatGPT on Supply Chain Planning. The combination of insight-based planning with ChatGPT will be very powerful.

Supply Chain Planning 178

Supply Chain Planning Scenario Planning Modeling Supply Chain Software 178

Logistics Viewpoints

JUNE 21, 2023

It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supply chain and logistics executives. This post was subsequently followed by two articles that discussed some of the findings from the survey. And they must be capable of adapting to various demands.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 235

Supply Chain Shaman

AUGUST 18, 2022

This large food manufacturer used a popular technology to forecast monthly using orders as an input. In essence, if there was no process or technology, and the company assumed that the last month’s shipments would be the same as the current month, the forecast would be better.) Some streams are forecastable, and some are not.

Supply and Demand 251

Supply and Demand Demand Planning Software Optimal Sourcing Supply Chain Planning Software 251

Logility

JUNE 23, 2022

According to a McKinsey survey of more than 1,500 senior executives globally, 87% say their companies “are not adequately prepared to address the skill gap.”. DPO can process thousands of items simultaneously, selected by filter (such as inventory classification) or by alert (such as forecast error threshold). Beyond Excel.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Software Forecasting Software Demand Planning Software 173

Kinaxis

OCTOBER 20, 2014

Reason #6 Not effectively managing inventory. That got me thinking about why I was throwing away what had been perfectly good food; I had forecasted needing a certain amount, but the customers (my family) didn’t take what I’d forecasted. Unfortunately, all the same kinds of things can happen to your supply chain inventory.

Supply Chain Planning Software 257

Supply Chain Planning Software Inventory Reduction Modeling Cost Reduction Strategies 257