Probabilistic Forecasting: Right Fit for Your Business?

Supply Chain Shaman

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. Understanding Probabilistic Forecasting.

Malaysia a Key Link in Asia’s Disaster Resilience Plan

Supply Chain @ MIT

This was one of the main talking points at the 2013 Health & Humanitarian Logistics Conference, hosted by the Malaysia Institute for Supply Chain Innovation (MISI) in Malaysia this June. Building the right logistics capacity at each level is critical, which is why we featured this topic at the conference in Malaysia,” said Dr. Jarrod Goentzel, Director, MIT Humanitarian Response Lab , co-sponsor and co-organizer of the MISI conference.

How Many Do You Need? An Evaluation of Flexible Ordering

Supply Chain @ MIT

Demand forecasts are notoriously unreliable, so how do managers place orders on the basis of projections are that are probably wrong? One way is to allow them to deviate from the forecast.

Q: Food vs Fuel? A: Wrong question…We need more efficient markets!

Supply Chain View from the Field

I have been working with Jay Golden at Duke University on the biobased forecasting project for the USDA, seeking to understand the current scope of the biobased product market ( focused on non-fuel, non-food products). If we use soybean oil to make biodiesel in this country which promotes palm tree growth in Malaysia – it is not something we can control.

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What’s New in 2015 for the supply chain world? See 2014?s predictions.

Supply Chain View from the Field

The recent spate of terrorism in France, the massive and mysterious number of airplane disasters in Malaysia, and even more regulatory risks will continue to drive greater disruptions – which again means better communication, risk mitigation, and early warning systems to alert managers when there is a problem.

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How to Handle Logistics During Chinese New Year

Material Handling & Logistics

Provide a forecast of your expected cargo to your shipper’s representative. Malaysia – CNY – February 16-17. .

Updated IT Subway Map: Major acquisitions in SC software

Supply Chain Movement

Malaysia. This young, publicly listed American software vendor recently bought out Terra Technology, a specialist in demand sensing (short-term forecasting based on point-of-sale data). The supply chain software industry is in a considerable state of flux.

Professor Yossi Sheffi on Resilience, Visibility, and Biggest Risks this Holiday Season

Elementum

Now, though, we might go to China for some things, but for assembly we might go to Vietnam, Malaysia, or more recently, an African country. But Sheffi believes that, overall, companies are aware of this and are working to forecast realistic delivery times and stay within their boundaries.

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Logistics Execs Split on Outcome of NAFTA Talks

Material Handling & Logistics

In Agility’s annual survey of more than 500 supply chain industry professionals, nearly two-thirds agree with the International Monetary Fund’s 2018 emerging markets forecast of 4.8%-4.9% Malaysia remained the leader for smaller emerging markets.

Mindmap for Global Logistics Integration

Supply Chain Movement

Malaysia. Poor forecasting leads to rush orders to meet the delivery requirement demands of customers. The world is becoming smaller and larger at the same time through globalization and the internet. Goods have to be transported across the globe and across the neighbourhood.

Global Manufacturers' Supply Chains Strain to Keep Up With Faster Economy

Material Handling & Logistics

There were signs of weakness elsewhere in Asia, with factory indexes in Indonesia, Malaysia and South Korea dipping below 50 during December. Still, the global economy is forecast to expand 3.7%

3PL Subway 2015: Strategic movements among logistics providers

Supply Chain Movement

Malaysia. However, Technavio’s analysts now forecast the 3PL market in Europe to grow at a CAGR of 2.87% over the period 2014-2019. After years of declining revenues in European logistics services, the business started to stabilise in 2013/2014.

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Index Suggests Growth, But Volatility

EFT

percent said that the IMF forecast of 4.7 The UAE, India and Malaysia (nos. After a year of turbulence, 61 percent of logistics industry executives surveyed said that they are unclear on the direction of the global economy or expect more volatility in 2016. In spite of this caution, 59.4

SCM Map Europe: European location decisions remain complex

Supply Chain Movement

The map indicates the actual and forecast growth of the gross domestic product (GDP) of fast-growing countries. Malaysia. Supply chains in Europe are facing a wide variety of changes.

Top 10 New Year’s Resolutions for Wholesalers in 2019: Drop Those Bad Habits from 2018

EMERGE App

South-East Asian nations such as Malaysia, Vietnam, and the Philippines are ready with substitutes or alternative suppliers. Forecast the Future. Begin by making better sales forecasts and purchases , thus avoiding tying up valuable cash in stock. Introduction.

The Upswing of Chinese Logistics Companies

Elementum

Forecast to grow by a CAGR of 7.5% In 2015, the Asian-Pacific region dominated the industry with significant impact from China, India, Singapore, Indonesia, Japan, and Malaysia. by 2020 globally, the logistics industry is booming.

Navigating the Future in an Uncertain Political and Regulatory Environment

NC State SCRC

I began the discussion with an overview of the many uncertainties that confront supply chain executives, as well as some preliminary forecasts based on my recent discussions with executives in a variety of industries.