Remove Forecasting Remove Metrics Remove Shipping
article thumbnail

The Bumpy Road to Building Outside-in Processes

Supply Chain Shaman

The problem was that VMI is a ship through model whereas supply chain planning is a ship from model with different granularity. CPFR: Collaborative Planning, Forecasting and Replenishment garnered great fanfare late in the 1990s. The biggest issue with CPFR was the quality of the customer forecast.

Modeling 320
article thumbnail

The Forecasting Accuracy Bugaboo

Logistics Viewpoints

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!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Optimize Fulfillment with Unified Data

Logistics Viewpoints

These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management. Standard sizes and categorizations play a crucial role in determining the costs associated with shipping products that meet standard criteria in fulfillment centers.

article thumbnail

Smart and Sustainable Freight: The Role of AI in Green Supply Chain Logistics

Logistics Viewpoints

With freight transport accounting for a significant share of global emissions, efforts to improve logistics now extend beyond operational metrics to include resilience, regulatory compliance, and climate performance. CEVA Logistics, a CMA CGM subsidiary, uses Googles AI tools for warehouse management and demand forecasting.

article thumbnail

End-to-End Supply Chain Orchestration: Achieving Visibility and Operational Control

Logistics Viewpoints

System Integration and Data Visibility Orchestration requires connecting warehouse systems, transportation platforms, and ERP data so that status updates, inventory levels, and shipping exceptions are visible without needing to log in to separate systems. The system also contributes to better forecasting accuracy.

article thumbnail

A New Decade: Give Science A Chance

Supply Chain Shaman

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? Data at this level of variability is complicated to forecast.) The reason? The answer?

article thumbnail

What is Demand Forecasting? Importance and Benefits of Forecasting Customer Demand

ShipBob

Forecasting projections is one of the toughest things to get right. Whether your brand is experiencing gradual sales or is in high-growth mode , we’ll walk you through some tips to improve your ability to forecast demand. Jump to section: What is demand forecasting? Jump to section: What is demand forecasting? Conclusion.