Supply Chain Forecasting: The ‘IN’ Thing Today in Logistics

20Cube Logistics

Today when you think of logistics, you tend to connect it to speed and timeliness, that is to process and ship orders on time with efficiency and provide the right information to customers to make the right decision. What are the popular methods of supply chain forecasting?

Untangling the Complexities of Demand Forecasting

ModusLink Corporation

Whether facing a major product launch or compiling standard monthly forecasts, the accuracy of demand forecasts is crucial. The post Untangling the Complexities of Demand Forecasting appeared first on ModusLink Global Solutions. Manufacturing to Market logistics manufacturing supply chain forecasting Demand Planning Demand ForcastNo one understands this as intimately as Apple, who is fresh off of its much-anticipated iPhone X, 8 and 8 Plus product announcements.

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Demand Planning & Forecasting During COVID-19 [Webinar]

CHAINalytics

Last month, Chainalytics’ Neelesh Asati moderated a panel discussion on demand planning and forecasting during COVID-19 hosted by Logistics Insider.

Revisiting Transportation Forecasting

Talking Logistics

Many companies have collaborative planning and forecasting processes with suppliers and manufacturing partners, but very few companies translate demand and production forecasts into transportation capacity requirements. In this episode, Adrian discusses the key challenges and opportunities associated with transportation forecasting. Watch as Adrian discusses: Two key reasons why transportation forecasting has been a challenge to implement.

Logistics Technology Market Forecasting Under Uncertainty

Logistics Viewpoints

The current coronavirus outbreak is an example of an economic shock that elevates uncertainty and complicates forecasting. The post Logistics Technology Market Forecasting Under Uncertainty appeared first on Logistics Viewpoints. Statistics business forecasting coronavirusARC European analysts Florian Güldner and David Humphrey conducted a thorough scenario analysis on the potential impact of the corona virus on automation markets and supply chains.

Logistics Operations Forecasting- Are you doing it right?

ThroughPut

What is Logistics Forecasting? Logistics demand forecasting is the process of accurately anticipating the demand for products, services, and shipments throughout the supply chain. Why is Logistics Forecasting a Complex Process?

Weather-Influenced Demand Forecasting in 2020

Logistics Viewpoints

It is 2020; we now have reasonably accurate short-term weather forecasts. NOAA, the National Oceanic and Atmospheric Administration in the US, reports that the five-day weather forecasts are approximately 90 percent accurate, 80 percent for the next seven-days, establishing an acceptable level of accuracy for this crucial external input for supply chain planning, especially short-term demand forecasting.

What Is Reverse Logistics’ Role in 2020 Supply Chain Trends

Cerasis

As customers continue to shop online through the remainder of the year, the demand on reverse logistics—particularly the process of managing returns—will skyrocket. The global reverse logistics market is forecast to hit US$603.90 The post What Is Reverse Logistics’ Role in 2020 Supply Chain Trends appeared first on Transportation Management Company | Cerasis. Reverse Logistics Supply Chain Trends

Forecasting in a Shelf-Connected Supply Network

The Network Effect

Today I want to discuss how new approaches to forecasting processes are required in a shelf-connected world. . Focusing on a single view of the consumer for all members of the extended supply chain requires an approach that not only includes retailers, manufacturers, and logistics providers but also requires that they be connected across a multiparty execution backbone. The post Forecasting in a Shelf-Connected Supply Network appeared first on The Network Effect.

Sales Forecasting Unchecked – A Supply Chain Nightmare!

Supply Chain Game Changer

The Planning and Budget cycle within most companies must start with a forecast of future sales and revenue. The Sales and Marketing team is usually responsible for pulling that forecast together. They are likely to pull together several sources of data in order to create that revenue forecast. And to round out their forecast the Sales and Marketing team will have to include some estimates of new, but as yet not closed, business. What Happens When Forecasts Are Wrong?

Market Update: Seasonal Freight Surge and Consumer Forecast

PLS Logistics

So many of the year’s sales occur during the short two-month season, so the logistics process needs to be efficient enough to handle the increase of purchases. The holiday season puts great pressure on supply chains because everyone peaks at the same time,” says NRS vice president of logistics and supply chain solutions.

Your Comprehensive Demand Forecasting Guide

Unleashed

Demand forecasting can support your decision-making process when deciding how much inventory stock is necessary. What is demand forecasting? Essentially, demand forecasting is a strategic process that helps businesses make educated estimations about future customer demand. Demand forecasting provides a wide array of predictive analytics. With these numbers, management can make more informed decisions on how to operate their warehouse and their supply chain logistics.

5 Reasons Why Plant Managers Need Accurate Supply Chain Forecasting

ThroughPut

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. This includes production elements such as material sourcing, job allocation, transport logistics, production scheduling, inventory optimization and more. Accurate demand-supply forecasting can easily contribute to achieving the most optimum production scheduling on the factory floor.

What’s missing from your demand forecasting?

DELMIA Quintiq

‘We already have sophisticated demand forecasting. While I agree that sophisticated demand forecasting and analytics are necessary, they aren’t sufficient. Many organizations have invested in powerful demand forecasting tools and centralized planning. What they lack is the ability to create plans based on those forecasts and act on them. Forecasts – even those created with advanced tools – are only a means to an end. Logistics must be planned.

Longer Lead Times Forecasted: Don’t Get Caught Behind The Curve

AB&R

Longer Lead Times Forecasted. The post Longer Lead Times Forecasted: Don’t Get Caught Behind The Curve appeared first on AB&R. Blog Company News Manufacturing Transportation & Logistics customer service inventory labels manufacturing productivity

Importance of Supply Chain Forecasting for Plant Managers

ThroughPut

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. This includes production elements such as material sourcing, job allocation, transport logistics, production scheduling, inventory optimization and more. Accurate demand-supply forecasting can easily contribute to achieving the most optimum production scheduling on the factory floor.

How Machine Learning Helps Supply Chain Forecasting

AFFLINK

When paired with the Internet of Things, machine learning can create a truly powerful system for supply chain forecasting. Meanwhile, IoT devices can produce large, accurate data sets from which an organization's forecasting algorithms and tools can learn. When it comes to supply chain forecasting, a prohibitively large amount of data may be collected regarding an organization's processes and equipment.

Implementing AI in Supply Chain Logistics

20Cube Logistics

Supply chain logistics is going through a paradigm shift wherein leading e-commerce and logistics have raised customer expectations with timely delivery and status updates of the consignment. The post Implementing AI in Supply Chain Logistics appeared first on 20Cube Logistics.

PLS Logistics Services’ Expert to Speak at the OCTG & Line Pipe Forecasting Summit 

PLS Logistics

30, 2020) – PLS Logistics Services, a leading third–party logistics provider, was selected to speak at the OCTG & Line Pipe Forecasting Summit on October 1-2, 2020. CRANBERRY TWP., PA (Sept. In addition, PLS is partnering with the summit as a sponsor to support this critical industry and all its members. Jacque Morrow, Vice President – National Account Solutions, has responsibility […].

Improving Forecast Accuracy Through Demand Sensing

Supply Chain @ MIT

Typically, these algorithms only have one or two sources of information (data sets) to derive the forecast for the next period. As the field of business forecasting develops, technological improvements allow companies to experiment with more advanced […]. Featured Innovation Strategy forecasting demand in healthcare products MIT Center Transportation & Logistics MIT SCM capstone research MIT Supply Chain Management master's program

Top 8 Online Logistics Tools For Logistics Professionals

Cerasis

Logistics professionals require exemplary international online logistics tools to help them carry out their daily businesses with ease and deliver the best for their customers. Let’s base our discussion on online trucking logistics and mobile applications that can be used in supply chain management on a global basis by the logistic professional to control their business. Top 8 Online Logistics Tools For Logistics Professionals. The Logistics mobile app.

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Top 7 Benefits of System driven Inventory Projections

Arkieva

Forecasting Inventory Management advantages of demand forecasting advantages of demand forecasting in economics advantages of sales forecasting demand forecasting pdf forecasting in procurement forecasting in supply chain management ppt importance of demand forecasting in logistics strategic importance of forecasting in term of supply chain management

Transport Management System: Making your Logistics Supply Chain Successful

20Cube Logistics

With the constant technology evolution, the supply chain logistics is being introduced to a new and innovative way of shipping consignments. Saves time and money : TMS helps to reduce the amount of time and money spent on shipping and logistics services.

5 reasons plant managers need supply chain forecasting for better shop floor control

ThroughPut

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. This includes production elements such as material sourcing, job allocation, transport logistics, production scheduling, inventory optimization and more. Accurate demand-supply forecasting can easily contribute to achieving the most optimum production scheduling on the factory floor.

Forecasting Brexit’s Logistics Implications

APICS

Now, after months of speculating whether or not Brexit could be a reality, the business world is forecasting how Brexit will affect global commerce. Just about a week ago, the world received the news that citizens of the United Kingdom (UK) voted to withdraw from the European Union (EU) by a narrow margin of 4 percentage points. Shortly after the Brexit vote announcement, The Wall Street Journal published an article about how this political move will influence the European supply chain

Can you Automate Everything in Supply Chain Logistics

20Cube Logistics

Human make the best managers and forecaster. Humans also need to make powerful and on-time decisions to plan and forecast, hence it can be said that automation can be used as an initial work but the decision maker is always the human.

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Unified Logistics: The Need for Agile Resiliency

Supply Chain Nation

As supply chain and logistics practitioners, our reality was already challenging. How do we make our logistics chains more resilient? As logistics practitioners, we must change our mindset to one that I like to call “unified logistics.”

Performance During the Pandemic: A Warehouse and Logistics Update

Logistics Viewpoints

During the process of developing my WMS market forecast, I made assumptions for each quarter of 2020. And indeed, I took into consideration the macroeconomic forecasts for an abysmal Q2 2020.

MIT Center for Transportation & Logistics: Improving Forecast Accuracy through Demand Sensing

Supply Chain 24/7

Students in the MIT Center for Transportation & Logistics’ Master of Supply Chain Management program spent a year mapping a manufacturer’s forecasting process to help determine if Demand Sensing was a worthwhile ambition to pursue

Gaming Out Your Logistical Response to the Corona Virus

The Smart Software

The post Gaming Out Your Logistical Response to the Corona Virus appeared first on Smart Software. Blog Inventory Optimization analytics demand efficiency forecast forecasting software inventory modeling inventory planning lead time levels mathematics minimize ordering overstock overstocking patterns planning policies policies replenishment software Stock stocking supply chain understock

Near Term Forecasting powered by AI

Logistics Viewpoints

My colleague, Vikram Srinivasan talked about one such new problem in a previous blog post: AI is Changing Everything We Thought About Forecasting Demand. Vik discussed how AI is helping improve demand forecasting with additional data and new algorithms. The post Near Term Forecasting powered by AI appeared first on Logistics Viewpoints.

A Complete Breakdown of the 26th State of Logistics Report

Cerasis

On June 23, 2015, the Council of Supply Chain Management Professionals ( CSCMP ) released the “State of Logistics Report,” which happens to be in its 26 th year. This year’s version of the State of Logistics Report revealed that third-party logistics providers ( 3PLs ) and those involved in the supply chain have experienced the greatest gain and economic turnaround since the Great Recession of nearly a decade ago. Growth in Logistics.

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The Top 5 Changes That Occur With AI in Logistics

Cerasis

There’s no other way to describe it: Artificial Intelligence (AI) is revolutionizing the world of logistics. Here are the top five ways in which Artificial Intelligence is transforming the logistics industry as we know it: 1) Predictive Capabilities Skyrocket When AI in Logistics is Implemented The capabilities of AI are seriously ramping up company efficiencies in the areas of predictive demand and network planning. Logistics

The What, Why, and How of Transportation Forecasting

Talking Logistics

Many companies have collaborative planning and forecasting processes with suppliers and manufacturing partners, but very few translate demand and production forecasts into transportation capacity requirements. What factors are driving the need for transportation forecasting? Read more The What, Why, and How of Transportation Forecasting. The post The What, Why, and How of Transportation Forecasting appeared first on Talking Logistics with Adrian Gonzalez.

Freight rates forecast to rise 10-20%

EFT

The forecast from business intelligence provider CRU notes that costs are associated with the new fuel blends and fitting scrubbers to ships’ exhausts. Open loop scrubbers cut down on installation and running costs, along with the logistics of carrying and disposing of the waste. Normal. false. false. false. EN-GB. X-NONE. X-NONE. DefSemiHidden="false" DefQFormat="false" DefPriority="99". LatentStyleCount="376">. UnhideWhenUsed="true" QFormat="true" Name="heading 2"/>.