ToolsGroup

JUNE 29, 2020

Adding to this already uphill battle, we don’t have trustworthy new product forecasting methods because forecasting new products with no sales data is very hit-and-miss. Machine learning (ML) provides an effective weapon for your new product forecasting arsenal. Why is new product forecasting important?

Forecasting 428

Forecasting Forecasting Software Supply Chain Planning Software Modeling Software 428

ToolsGroup

FEBRUARY 24, 2025

Demand forecasting has evolved dramatically in recent years. Traditional forecasting methods often fail under high variability, leading to excess costs, stockouts, and obsolescence. What is Demand Forecasting in Supply Chain Management? What is Demand Forecasting in Supply Chain Management?

Forecasting 156

Forecasting Modeling Supply and Demand Forecasting Software 156

Logistics Viewpoints

OCTOBER 14, 2024

At a division of one of the world’s largest consumer goods companies, 85% autonomy on manufacturing plans and 95% acceptance of proposed purchase orders has been achieved. Further, the journey to autonomous planning does not rely on a highly accurate forecast. “I Forecasting is not an actionable item.”

Supply Chain Planning Software 289

Supply Chain Planning Software Supply Chain Planning Scenario Planning Procurement Analytics 289

Logistics Viewpoints

MARCH 27, 2023

When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely!

Forecasting 274

Forecasting Forecasting Software Modeling Optimal Sourcing 274

Logistics Viewpoints

APRIL 10, 2025

Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Procurement is another area seeing change.

Optimal Sourcing 210

Optimal Sourcing Modeling Cost Reduction Strategies Supply Chain Optimization 210

DELMIA Quintiq

NOVEMBER 17, 2020

New technologies revolutionizing transportation are creating tremendous opportunities but also unprecedented challenges for tire manufacturers. Supply chain optimization is essential to achieve this and can help tire manufacturing companies deliver significant reductions in supply chain costs and improvements in service levels.

Optimal Sourcing 296

Optimal Sourcing Manufacturing Procurement Supply Chain Optimization Supply Chain Planning Software 296

ToolsGroup

JUNE 17, 2021

Distribution industry supply chains have always been squeezed between manufacturers and their customers; facing increased competitive threats, escalating SKU counts, and expanding ecommerce. Accurate forecasting of uncertain demand. It goes beyond the “demand forecast number” to the probability of demand in any given time period.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

Logistics Viewpoints

FEBRUARY 24, 2025

Production plans might be locked for as long as a month, regardless of how accurate the forecast was. That supply planning application needs to be integrated into an array of internal systems ERP, transportation management, warehouse management, procurement, and other applications. That makes the integration even more difficult.

Supply Chain Planning Software 290

Supply Chain Planning Software Prescriptive Analytics Software Agile and Lean Supply Chain Modeling 290

Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Make to Order: Here, products are manufactured based on specific customer orders.

Manufacturing Procurement 272

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 272

Supply Chain Shaman

NOVEMBER 9, 2023

Traditionally, the definition of end-to-end supply chain planning meant: Forecasting based on order or shipment patterns. Forecast consumption into supply planning based on rules (rules-based-consumption). Translation of the demand forecast into planned orders to minimize manufacturing constraints.

Optimal Sourcing 411

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 411

Logistics Viewpoints

MAY 1, 2025

They emphasized being an Industry Cloud Complete Company with industry-specific solutions for over 2000 micro verticals across Process Manufacturing, Distribution, Service Industries, and Discrete Manufacturing. Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more.

Prescriptive Analytics Software 194

Prescriptive Analytics Software Optimal Sourcing Material Savings Predictive Analytics Software 194

Supply Chain Shaman

FEBRUARY 4, 2025

Process-based companies continue to focus on manufacturing efficiency (OEE) and discrete on procurement (PPV) without designing the supply chain to balance transportation, manufacturing, and procurement to a balanced scorecard. Functional Metrics and the Lack of Alignment to Strategy. The Lovefest with Shiny Objects.

Supply Chain Design Software 222

Supply Chain Design Software Price Reduction Cost Reduction Strategies Supply Chain Planning Software 222

ToolsGroup

OCTOBER 14, 2024

Moreover, maintaining optimal service levels while balancing inventory costs is a delicate act that requires sophisticated forecasting and inventory management techniques, underlining the importance of advanced spare parts management solutions.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

RFgen

DECEMBER 19, 2024

Keep in mind that a WMS may not be enough and you might need to add an Inventory Management System (IMS) , which focuses specifically on optimizing inventory levels, forecasting demand, and preventing stockouts or overstocking. Data-driven forecasting improves purchasing and cuts storage expenses.

Optimal Sourcing 97

Optimal Sourcing Optimization Software Waste Reduction Inventory Reduction 97

ToolsGroup

MARCH 18, 2025

Yet many organizations still rely on outdated demand forecasting methods that fail to address the long tail phenomenon , resulting in inventory imbalances excess stock in some locations and critical shortages in others. If your business is still guessing at demand instead of optimizing it, youre sacrificing more than efficiency.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Inventory Reduction Waste Reduction 156

RFgen

DECEMBER 27, 2024

Running a manufacturing business isn’t easy. That’s where a manufacturing ERP comes in. Manufacturing ERP (Enterprise Resource Planning) software integrates all your core business processes into one powerful platform. It’s a lot to handle. Let’s get started.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Inventory Management Software 98

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Optimal Sourcing 284

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 284

Logistics Viewpoints

DECEMBER 2, 2024

The high-tech firm is more than a manufacturer of PCs, tablets, smartphones, and servers. The company has more than 2000 suppliers and operates over 30 manufacturing sites. It might highlight logistics jams, manufacturing capacity, quality issues, or procurement cost trends. Factories serve local markets.

Supply Chain Planning Software 282

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Network Software 282

RFgen

DECEMBER 19, 2024

Scaling manufacturing operations is crucial for business growth but presents unique challenges. Balancing increased demand with consistent quality and controlled costs is difficult but essential for manufacturers looking to expand. Successfully scaling manufacturing requires more than just adding resources.

Material Savings 92

Material Savings Sourcing Strategies Resource Reduction Inventory Reduction 92

Supply Chain Shaman

NOVEMBER 15, 2023

The essence of the question is resilience and the ability to forecast in a variable market reliably. This gets us to the question of what is the role of the forecast?` For most, forecasting is a conundrum full of potholes, politics, and bias. When he speaks of the supply chain, he means procurement. This is his world.

Supply Chain Planning Software 419

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 419

Supply Chain Shaman

DECEMBER 7, 2023

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Expand the “FLOW” program for logistics information sharing to forecast transportation flow. The result was restatement. My conclusion?

Supply Chain Design Software 397

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 397

Supply Chain Shaman

DECEMBER 28, 2020

The first story is about a large regional food manufacturer. The SAS forecasting system implemented in 2019 was not tested for model accuracy. An example for this client would be to use 2017 and 2018 history to forecast 2019. So, I asked the questions, “Is your data forecastable? Let’s Be Customer Centric.

Supply Chain Planning Software 420

Supply Chain Planning Software Forecasting Forecasting Software Modeling 420

ToolsGroup

MARCH 14, 2025

Yet many organizations still rely on outdated demand forecasting methods that fail to address the long tail phenomenon , resulting in inventory imbalances excess stock in some locations and critical shortages in others. If your business is still guessing at demand instead of optimizing it, youre sacrificing more than efficiency.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Optimization Software Inventory Reduction 156

Supply Chain Shaman

JANUARY 25, 2024

My definition of a network is the bi-directional information exchange of manufacturing, procurement, quality, and transportation signals across multiple tiers of trading partners in a many-to-many trading partner information exchange with minimal latency. Electronic Data Interchange (EDI) does not meet this definition.

Supply Chain Network Software 360

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 360

Logistics Viewpoints

APRIL 2, 2025

Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.

Modeling 167

Modeling Modeling Software Supply Chain Planning Software Supply Chain Design Software 167

Logistics Viewpoints

FEBRUARY 20, 2024

Assumptions around demand are in the center here because, unlike all other main components, they are the most difficult to forecast. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. This means that pouring resources into better forecasting will not produce the anticipated result.

Sourcing Strategies 311

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 311

Enterra Insights

DECEMBER 17, 2024

They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. “Sophisticated predictive analytics tools process sales data, seasonal trends, and market fluctuations to forecast demand accurately.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 130

Supply Chain Shaman

MARCH 21, 2024

During the 1980s, I was on a management team for a large manufacturer. The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team. Instead, we need to Jump.

Inventory Reduction 435

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 435

Supply Chain Shaman

JUNE 3, 2024

similarly, over 95% of manufacturers invested and implemented supply chain planning, but their primary tool today is Excel. This technique has been very useful for retail store inventory and MRO where demand is lumpy, latent, and difficult to forecast. ” Does the Dog Hunt? Makes sense. So, my conclusion? So, does this dog hunt?

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 369

Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. By identifying these gaps, you can create sourcing events to close them.

Supply Chain Design Software 323

Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software Modeling 323

SCMDOJO

APRIL 24, 2025

Manufacturers are shifting to on-demand production to align output with real-time demand. By producing only whats needed, when its needed, they eliminate the burden of forecasting errors and reduce warehouse dependency. On-demand production meets that need by replacing batch manufacturing with agile, made-to-order workflows.

Waste Reduction 98

Waste Reduction Inventory Reduction Cost Reduction Strategies Expense Reduction 98

Supply Chain Shaman

NOVEMBER 11, 2020

I forecast that this interest will grow and the market is going to become more confusing. Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. Kinaxis Purchase of Rubikloud.

Supply Chain Design Software 362

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 362

SYSPRO Smarter ERP

APRIL 10, 2025

In a previous blog AI and Machine Learning in Manufacturing ERP: Key Benefits , we discussed the benefits of using AI in manufacturing and how it could be enhanced with an ERP system. While manufacturers are keenly interested in using AI, the main question they have is what are the best use cases for AI in ERP?

Manufacturing Procurement 64

Manufacturing Procurement Manufacturing Supply Chain Design Software Modeling Software 64

Supply Chain Shaman

SEPTEMBER 13, 2023

Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” I know that your primary focus is procurement. Or planned orders to purchase orders?) Go to the source. ” Anna, this blog post is for you.

Supply and Demand 433

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 433

QAD

FEBRUARY 4, 2025

For 58 years, food and beverage and consumer goods manufacturers have battled for dominance, from chips and wings to soda, beer, party supplies, and even aluminum foil for food storage and DIY trophies. Manufacturers that dont plan ahead will lose the game. That takes a data-driven approach to forecasting, procurement and distribution.

Manufacturing Procurement 52

Manufacturing Procurement Beverage Inventory Reduction Optimal Sourcing 52

ivalua

NOVEMBER 8, 2022

US Government Passes the CHIPS Act to Increase Semiconductor Manufacturing and Research. The CHIPS Act was created in response to pandemic-induced shortages of semiconductors and other critical manufacturing supplies, causing widespread disruption to supply chains across the country. . Part A: Manufacturing in the U.S.

Manufacturing Procurement 223

Manufacturing Procurement Manufacturing Supply Chain Planning Software South Korea 223

RFgen

DECEMBER 4, 2024

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96