Logility

AUGUST 14, 2020

Forecasting is an “inexact science” that relies on the data available to you, the math you use, and how you implement the forecast. And your forecasting success is fundamentally impacted by your understanding of that data, its strengths and limits. How you roll up your data for forecasting fundamentally impacts accuracy.

Forecasting 147

Forecasting Forecasting Software Demand Planning Software Modeling 147

GlobalTranz

DECEMBER 22, 2020

During the second half of the year, consumers shifted their spending from in-store to buying online, and sellers had to adjust their warehousing and fulfillment networks. The volatility of 2020 and the uncertainties looming into 2021 make it difficult to forecast planning and budgets based on historical data. Contact GlobalTranz Today.

Forecasting 156

Forecasting Forecasting Software Freight Inventory Reduction 156

OptiProERP

SEPTEMBER 21, 2023

Inventory forecasting, or demand forecasting, estimates future inventory levels needed using past data, upcoming events, and market trends. Inventory forecasting ensures manufacturers have the proper inventory to meet customers’ needs while minimizing excess inventory costs. Reduced cost  Inventory is equivalent to money.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 52

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. The So What?

Inventory Reduction 376

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 376

New Horizon Supply Chain Blog

AUGUST 30, 2023

Introduction I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. The link between forecast accuracy and corporate goals is less clear. But that doesn’t make forecasting any less important.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Ask manufacturing leaders what changes they plan to make in the next three years in the wake of the coronavirus pandemic, and they will likely say their use of technology will deepen as more and more players in their supply chains come to rely on digital connections for daily interactions. A Better Way to Forecast. Talent gaps: ?

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

3PL Insights

SEPTEMBER 20, 2021

Limited Warehouse Capacity. The reason for this is to be prepared if manufacturers are forced to shut down due to outbreaks. This leads warehouses to operate at a much higher capacity than in previous years which limits the space available for increased holiday demand. Here are new challenges to avoid this holiday season.

Warehousing 98

Warehousing Inventory Reduction Expense Reduction Supply Chain Planning Software 98

GlobalTranz

MARCH 17, 2022

The manufacturing industry faces many challenges, such as a skilled labor shortage, supply chain instability, and inventory management issues. GlobalTranz works with manufacturing shippers every day to move their goods and streamline their logistics strategies. 5 Challenges Facing Supply Chain Managers in Manufacturing.

Logistics Network Optimization Software 247

Logistics Network Optimization Software Supply Chain Planning Software Inventory Management Software Inventory Reduction 247

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 293

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 293

New Horizon Supply Chain Blog

JULY 15, 2022

I was recently in a conversation about forecasting with a client team, and one individual, whose background was not in supply chain, asked what the value of demand forecasting is. The link between forecast accuracy and corporate goals is less clear. But that doesn’t make forecasting any less important. Introduction.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

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

ShipBob

JULY 9, 2021

If only there was a crystal ball to foresee unexpected events, manufacturing delays, and fluctuations in customer demand. . 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? Download the Guide.

Forecasting 98

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Software 98

EazyStock

MARCH 22, 2022

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. Consequences of poor demand forecasting. Use appropriate historical data.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

The Logistics of Logistics

FEBRUARY 11, 2022

Inventory Management vs. Warehouse Management. Original article: Inventory Management vs. Warehouse Management. Inventory Management vs Warehouse Management: Main Differences. So, as an example, the IMS tracks and reports that there are 30 widgets in Warehouse A, 25 in Warehouse B, 48 in Manufacturing Plant A, and so on.

Inventory Management Software 182

Inventory Management Software Inventory Management Warehousing Inventory 182

Logistics Viewpoints

APRIL 10, 2023

The Franklin Sports Supply Chain 75% of Franklin Sports goods products, by revenue, are produced by third party contract manufacturers. 40% of the finished goods are shipped directly to retail clients by their contract manufacturers. This warehouse provides inventory storage for goods not yet ordered that will ship later.

Security 198

Security Supply Chain Planning Jordan Forecasting 198

ThroughPut

FEBRUARY 24, 2020

With the advent of the IIoT and the complexities involved in operating a global supply network, today’s manufacturing companies are more interested than ever before to get a sense of the future. Accurate demand-supply forecasting can easily contribute to achieving the most optimum production scheduling on the factory floor.

Forecasting 59

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 59

ThroughPut

FEBRUARY 24, 2020

With the advent of the IIoT and the complexities involved in operating a global supply network, today’s manufacturing companies are more interested than ever before to get a sense of the future. Accurate demand-supply forecasting can easily contribute to achieving the most optimum production scheduling on the factory floor.

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Supply Chain Planning Software 52

Unleashed

APRIL 28, 2021

Manufacturing production is the process of making finished goods from raw products through the use of human and machine labour, in the most efficient and cost-effective way. There are three methods of manufacturing production: make to stock, make to order and make to assemble. Make to stock (MTS). Who should use make to stock?

Manufacturing Procurement 90

Manufacturing Procurement Forecasting Software Manufacturing Inventory Management Software 90

Unleashed

DECEMBER 11, 2022

Efficient warehousing is all about knowing what’s working, what’s failing, and what can be improved. When you measure and analyse the right warehouse KPIs, you can make better-informed business decisions based on real data. In this guide to warehouse KPIs: What are ‘warehouse KPIs’ and why should you use them?

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

ThroughPut

FEBRUARY 24, 2020

With the advent of the IIoT and the complexities involved in operating a global supply network, today’s manufacturing companies are more interested than ever before to get a sense of the future. Accurate demand-supply forecasting can easily contribute to achieving the most optimum production scheduling on the factory floor.

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 52

SYSPRO Smarter ERP

MAY 10, 2022

With a manufacturing operation based on Assemble-to-order (ATO) , success hinges on being able to get products to customers quickly. In addition, demand forecasting has to be accurate and costs have to be managed. How ERP helps Assemble To Order (ATO) manufacturers.

Manufacturing Procurement 111

Manufacturing Procurement Procurement Solutions Optimal Sourcing Inventory Management Software 111

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

IDC expects spending on Digital Transformation (DX) on the top 5 use cases – smart warehousing, freight management, optimized operations, supplier network management, and predictive network inventory orchestration – to hit USD $33Bn in 2022. The COVID-19 pandemic has been global, with no country or organization immune from its impact.

Predictive Analytics Software 246

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 246

SYSPRO Smarter ERP

JUNE 19, 2023

Many manufacturers have successfully implemented an ERP system to streamline their business processes and improve efficiency. However, for companies with extensive inventory and warehouse facilities, integrating a Warehouse Management System with their ERP system can bring additional value.

Inventory Reduction 98

Inventory Reduction Resource Reduction Cost Reduction Strategies Inventory Management Software 98

Unleashed

AUGUST 23, 2023

Warehouse management is the vital link between receiving goods from suppliers and delivering orders to your customers. In warehouse management, warehouse logistics ensures these processes are optimised to cut costs and boost efficiency. In this warehouse logistics guide: What is warehouse logistics?

Warehousing 52

Warehousing Logistics Network Optimization Software Supply Chain Design Software Inventory Management Software 52

o9 Solutions

DECEMBER 16, 2021

And when the forecast was wrong, there were a lot of disappointed New Zelanders settling for butter pecan, and profit margins shrank. Traditionally, planners have relied more on historical sales, gut feel, and Excel than on hard data to understand demand patterns and manufacture the right quantities of a given product across their portfolio.

Forecasting 52

Forecasting Forecasting Software Modeling Inventory Reduction 52

The Logistics of Logistics

OCTOBER 12, 2022

Anthony’s clients varied from construction, trucking, industrial, software, manufacturing, and retail industries. He led analysis around M&A, pricing sensitivity, competitive intelligence, and annual sales forecast for the executive team. About FreightWaves. pageviews a month and over 1.5B monthly impressions.

Analytics Software 182

Analytics Software Forecasting Software Logistics Network Optimization Software Supply Chain Software 182

ToolsGroup

APRIL 20, 2023

Thanks to continued business growth, Gaviota now manages an extensive network of production plants, subsidiaries, and distributors worldwide, as well as 25 manufacturing divisions operating from 50 warehouses. The company manages a portfolio of over 40,000 products, many of which are seasonal and involve heavy industrial processes. “We

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software ToolsGroup Supply Chain Planning 156

NC State SCRC

DECEMBER 15, 2022

This price reduction was to be applied not only to future shipments, but indeed to all shipments that had been committed to, whether in transit, or even in the buyer’s warehouse which had already been shipped. If they did not agree, their business relationship would be terminated.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Manufacturing Procurement 52

SYSPRO Smarter ERP

AUGUST 2, 2023

As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Unleashed

OCTOBER 11, 2018

Demand forecasting is the process of estimating the number of products that customers will be willing to purchase in the future. It’s a crucial aspect for many companies and inherent in more reliable demand forecasting is demand planning. Are there limitations in warehouse space to consider? Ask suppliers.

Forecasting 58

Forecasting Supply and Demand Forecasting Software Demand Planning Software 58

RFgen

APRIL 12, 2024

Between rising costs for materials and endemic labor shortfalls in the warehouse, many supply chain professionals may feel trapped in an endless cycle of shrinking profit margins. Expenses like utilities, security, insurance, and other warehousing line items may be involved. Managing inventory costs is a constant struggle.

Inventory Reduction 77

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 77

ToolsGroup

OCTOBER 14, 2020

All these scenarios of course create huge demand fluctuations companies need to deal with that differ completely from their historical demand forecasts. Of course, demand forecasts are the biggest concern people have. They need to apply corrective actions for the forecast for next year. Keep communication open.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 296

SYSPRO Smarter ERP

MARCH 21, 2022

Unless manufacturers change, they will find that their ability to forecast demand, and determine what to do to meet it, will be challenging. It seems that manufacturers found it much quicker and cheaper to increase inventories than build regional factories. Not surprising as this period was the high point of the pandemic.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Forecasting Software 116

SYSPRO Smarter ERP

JANUARY 22, 2024

Material Requirements Planning for a modern manufacturing environment Material Requirements Planning (MRP) is software that helps companies estimate the required quantities of raw materials, maintain inventory levels, and ensure manufacturing has all the items needed to make products to satisfy demand.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Solutions Manufacturing 52

Logistics Viewpoints

FEBRUARY 20, 2023

In the supply chain world, contract logistics – where a third-party logistics (3PL) firm runs and manages warehouses on behalf of their clients, is a $200 billion plus market. For example, in contract logistics, the 3PL makes use of a warehouse management system so that they can do the job efficiently. It has outsourced manufacturing.

Supply Chain Planning Software 212

Supply Chain Planning Software Logistics Network Optimization Software GEP Supply Chain Software 212

Vinculum

MARCH 18, 2021

The Digi-Smart manufacturing process empowers enterprises to gain control of their warehouses and ensures that products can be delivered to customers as quickly as possible. This wave of change has made warehouses smarter and more agile. The concept of warehouse digitalization is moving from being a hot topic into reality.

Warehousing 52

Warehousing Optimal Sourcing Sourcing Strategies Inventory Reduction 52

ThroughPut

NOVEMBER 12, 2020

Studies show that worldwide, companies spend an estimated $350 billion a year on warehousing, and this number is only estimated to increase with high dependence on traditional warehouse practices. Warehousing is a vital function of global supply chain management, however often overlooked. Lean warehousing.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52