ToolsGroup

APRIL 25, 2019

Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. Data Variety The more different types of data sources you factor in (e.g. weather, social media).

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

QAD

NOVEMBER 8, 2022

Jennifer focuses on four supply chain approaches to meet quality and efficiency targets and achieve production promises: Broadening multi-sourcing and the use of near shore suppliers. Implementing digital demand planning and forecasting solutions. Broadening Multi-Sourcing and the Use of Near Shore Suppliers.

Optimal Sourcing 96

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 96

Logistics Viewpoints

JUNE 1, 2023

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. Shipping items back and forth creates needless greenhouse gas emissions, and only 54% of all packaging gets recycled.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Logistics Viewpoints

JULY 22, 2021

While the terminology evolved, the underlying thesis of S&OP has stayed the same, i.e., bridge the divide between sales forecasts and operational plans while respecting the budget. For example, forecasts are generated using the past three years of history, implicitly assuming history repeats.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost. What to do?

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

GlobalTranz

NOVEMBER 30, 2021

When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Forecast Demand?with?Analytics. Across OTR Transportation Modes. a shipment?doesn’t

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

Supply Chain Shaman

OCTOBER 8, 2019

The budget is not sufficient and is often a detrimental input for supply chain forecasting. Why Is the Financial Forecast Not a Good Proxy for a Supply Chain Forecast? There are many reasons why the budget cannot be used as a supply chain forecast. The supply chain forecast is a rolling forecast.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Analyze performance metrics and implement improvements to enhance efficiency. Grab yours now!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Logistics Viewpoints

SEPTEMBER 20, 2022

This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations. We need planning platforms to keep up with all the changes. Yosun holds B.S.

Supply Chain Planning Software 194

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 194

Elementum

SEPTEMBER 6, 2022

Accurate planning, what-if scenario forecasting, and an awareness of alternative materials are all tactics that can contribute to identifying a satisfactory outcome to supply chain challenges. With a growing requirement for raw materials and consumer goods, insufficient shipping capacity exacerbated cost increases.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 78

Elementum

AUGUST 31, 2022

The supply chain management process is comprised of a number of steps, which can usually be organized into five categories: Planning and forecasting Sourcing and procurement Manufacturing Logistics Handling returns As demonstrated by the recent food supply chain issues , a failure in one area can lead to disaster.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Planning 78

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are?

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

ThroughPut

FEBRUARY 23, 2024

12 Key Supply Chain AI Use Cases Supply chain AI Use Case 1: Demand Forecasting Market instability is the Achilles heel of demand forecasting right now. And the effect of inaccurate demand forecasting is felt across the supply chain. Just about everyone in the supply chain gets negatively impacted by wrong forecasts.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Unleashed

FEBRUARY 1, 2023

In this article, we do a deep dive into demand planning and look at what steps, strategies and KPIs can be used to develop best-practice demand planning and forecasting. It ensures inventory is shipped in and held at the right level to match customer demand, even as those demands shift for various reasons. What is demand planning?

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

ShipBob

JULY 2, 2021

Demand forecasting. Tech-enabled demand forecasting has shown to reduce supply chain errors by 30 to 50%. With inaccurate forecasting, it’s easy to lose out on sales due to inaccurate inventory data, which leads to understocking or overstocking issues that result in lost profits. . Forecasting future demand.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 98

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” Most companies cannot get to data by customer on orders shipped incomplete to understand root cause analysis. Determine Forecastability and Forecast Value Added (FVA). Executives will ask, “What is a good target for forecast error?”

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

OptiProERP

APRIL 9, 2024

Shipping and Logistics Once products pass quality checks, they are prepared for shipping. Integration with shipping carriers and real-time tracking systems enables transparency and accountability throughout the supply chain. Continuous improvement initiatives help enhance product quality and customer satisfaction.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

Logistics Viewpoints

JUNE 26, 2023

Demand sensing involves the use of the external data sources – particularly the latest sales and market data – to improve short-term forecasting and then be able to use that improved understanding of consumer behavior to improve their supply planning. For the largest retailers, short shipping results in fines and penalties. “I’ll

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

crisp

DECEMBER 15, 2021

These ‘ driver metrics ’ can give you an early signal to act on before your outcome is impacted. Reduced OOS is our outcome, but we still need to build out the driver metrics to understand steps leading up to it. Is the warehouse shipping goods on time? Before the warehouse, the supplier has to ship the product or raw material.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Unleashed

APRIL 21, 2024

Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer. Inventory sourcing: The locations of ordered items are identified in the warehouse or distribution centre – or reordered from the supplier if no stock is available. Shipping: The order is handed over to a delivery service.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Supply Chain Matters

FEBRUARY 14, 2024

Shipping Lines Warn Red Sea Security Continues to Deteriorate Bloomberg reported last week that the CEO’s of two major shipping lines, which being Maersk and Norden, have both of the view that the security threat level of shipping traversing the Red Sea to and from the Suez Canal has continued to escalate. That compares to $9.8

Transportation 52

Transportation Supply Chain Planning Software Panama Supply Chain Software 52

ThroughPut

DECEMBER 6, 2023

.” Unlike diagnostic and descriptive analytics, which were designed to analyze situations after they happened, predictive analytics utilizes advanced data analytics techniques to forecast future outcomes. Time series forecasting focuses on predicting future data points based on past sequences.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Kinaxis

SEPTEMBER 6, 2016

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. A few days ago, the world’s seventh largest container shipping company by volume, Hanjin Shipping, filed for bankruptcy protection. According to sources, Stevedores are demanding advance payment in cash.

Supply Chain Planning Software 100

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Shipping 100

Arena Solutions

APRIL 4, 2023

The global cobot market size is estimated to be worth $866 million in 2022 and is forecasted to a readjusted size of $1682 million by 2028. Manufacturers are leveraging big data to provide them with a comprehensive picture of their business thanks to the ability to acquire information from an ever-increasing variety of sources.

Manufacturing Procurement 73

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 73

ThroughPut

DECEMBER 8, 2023

What prescriptive analytics does is it combines the ability to forecast the future with powerful, actionable recommendations that can help you achieve the desired outcomes while considering the constraints, trade-offs, and potential impact of different available choices. It is the most promising form of analytics in the market currently.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. Markets drive supply chains.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Requis

OCTOBER 30, 2020

There are much better planning and forecasting systems now. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Then there’s the intermediate level, where we’re seeing much better use of technology in terms of forecasting.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Supply Chain Opz

MARCH 26, 2015

So next 2-3 sections we will discuss about forecasting related issues. What is the Best Forecasting Model? Most inventory control and operations management books tell people to choose a forecasting model that produces the lowest forecast errors. How to Reduce Forecast Error?

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

Supply Chain Game Changer

AUGUST 21, 2022

A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. These materials were then transferred to barges and rail cars for delivery, and finally to terminals where they were packaged into shipping containers for final delivery by rail. Another important aspect of logistics is time.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Unleashed

JANUARY 14, 2024

This includes key activities such as the forecasting, ordering, receipt, storage, and auditing of inventory items. Raw materials Raw materials inventory is the basic inputs used to produce finished goods and one of the biggest sources of inventory waste in manufacturing. Implement quality control measures to prevent defects or rework.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Unleashed

JANUARY 10, 2023

It aims to balance supply and demand through accurate forecasting, ensuring maximum revenue and minimal spending. Without it, you’ll struggle to forecast lead times and supply chain costs. Continue to optimise until your entire production ship is firing on all cylinders. This grants better vision over your supply chain network.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

Supply Chain Game Changer

NOVEMBER 20, 2018

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. He had a marketing plan. But beyond that he had no idea on where to start to source his product. Check out What is Virtual Procurement and Why Should You Care?

Manufacturing Procurement 44

Manufacturing Procurement Optimal Sourcing Sourcing Supply Chain Planning Software 44

ShipBob

APRIL 26, 2023

It involves all the activities related to the sourcing and transportation of raw materials needed in the manufacturing process. Whichever shipping carriers were still operational were stretched beyond capacity, which meant that customers had to wait for much longer to receive their goods.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

QAD

OCTOBER 4, 2023

Supply chain analytics allows leadership to target these challenges and mitigate the risks – that include poor forecasting, increasing trade regulations, material shortages, rising shipping costs and more – and craft data-based solutions. What is Supply Chain Analytics Software?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Unleashed

MAY 22, 2022

Forecasting demand Forecasting demand is a key – perhaps the key – action you can take to scale your business and pre-empt supply chain problems. If your business is operating in different areas – perhaps different countries – it’s about refining your forecast to each of these. To off-trade or not to off-trade?

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Forecasting Software 98

Taulia

OCTOBER 20, 2021

In today’s challenging market, companies face multiple challenges, from shortages of crucial components to port congestion, high shipping costs, logistics delays and uneven customer demand. While every company will have different priorities, a number of metrics can be used to measure supply chain efficiency. Cash flow forecasting.

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

BlueYonder

JANUARY 24, 2023

What is top of mind for them is what the impact is going to be after a disruption and can their operations ship the products to their customers on time. Can we get the supplies from an alternate source? They have been able to improve their forecast accuracy in the aftermarket side, reduce inventory, and reduce premium freight.

Automotive 69

Automotive Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 69