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

Logility

OCTOBER 29, 2021

Process manufacturers in particular, with their reliance on a consistent ingredient mix, have unique challenges that require accurate forecasting to keep up with manufacturing demand. Granular forecasting at the SKU level. With the right technology, process manufacturing strategy, planning, and management can be simplified.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

Supply Chain Shaman

APRIL 16, 2024

With the evolution of eCommerce, shifts in regional preferences, complexities of product portfolios, decline in forecastability, and increase in demand and supply variability, supply chain planning is more challenging. Turn Volume Make to stock Very Forecastable. Long Tail Configure to Order or Make to Order Not forecastable.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

Enterra Insights

JULY 13, 2023

A strong consumer packaged goods (CPG) sector is essential for a healthy U.S. Use digital twins or analytics to forecast different supply chain models. 5] Dominic Dinardo, “ Three Trends Affecting Margins In The Consumer Packaged Goods Industry ,” Forbes, 19 April 2023. economic activity.”[1]

Packaging 130

Packaging Trends Modeling Supply Chain Planning Software 130

Logility

AUGUST 17, 2021

Managing consumer packaged goods inventory is challenging at the best of times, and it can be debilitating during times of local or international disruption. Traditionally, the biggest challenge to the CPG industry is forecasting demand. Consumer packaged goods inventory always has complex demand patterns and seasonal trends.

Modeling 130

Modeling Inventory Reduction Supply Chain Optimization Packaging 130

Demand Solutions

DECEMBER 16, 2014

The brand new Demand Solutions e-book: 42 Principles of Forecasting provides practical and actionable tips for how any company can improve its forecasting process. I used to work in a dairy, a 99-year-old family-run business that manufactured ice cream in every flavor imaginable and every package size that our customers would take.

Forecasting 147

Forecasting Forecasting Software Supply Chain Planning Software Demand Planning Software 147

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

ToolsGroup

JULY 26, 2016

Most CPG companies have hit a demand forecasting ceiling. Consumer package goods (CPG) companies are looking for growth and scouring markets for opportunity. And complexity creates a challenge of how to forecast accurately when faced with new items, new channels and demand shaping. The good ones are breaking through.

Forecasting 120

Forecasting Supply and Demand Optimal Sourcing Inventory Reduction 120

Logility

AUGUST 10, 2021

But for anyone in the consumer packaged goods (CPG) industry, figuring out how to compete in a demand-driven consumer packaged goods market has been a roller coaster of both uncertainty and opportunity. Here are three ways to help position your business to compete in a demand-driven consumer packaged goods market.

Modeling 130

Modeling Supply Chain Planning Software Scenario Planning Demand Planning Software 130

ModusLink Corporation

MARCH 8, 2023

warehouse order picker packing and sealing cardboard box with tape for dispatch As shippers and importers, there are many factors to consider when packaging and shipping products. That includes packaging and distribution resources. That forecast would put rates at about $3,200 versus the pre-pandemic rate of around $1,500 (Baertlein).”

Material Savings 78

Material Savings Optimal Sourcing Packaging Resource Reduction 78

Demand Solutions

DECEMBER 16, 2014

The brand new Demand Solutions e-book: 42 Principles of Forecasting provides practical and actionable tips for how any company can improve its forecasting process. One of my responsibilities as director of marketing was to provide our plant manager with sales forecasts.

Forecasting 100

Forecasting Forecasting Software Supply Chain Planning Software Demand Planning Software 100

Supply Chain Shaman

MARCH 21, 2023

Note that in Figure 1, retail home improvements days of inventory increased 68 days, contract manufacturing days increased 48 days, retail apparel by 28 days, and containers and packaging manufacturing companies by 14 days. When I work with clients, nine out of ten, have a negative Forecast Value Added (FVA).

Inventory Reduction 382

Inventory Reduction Inventory Price Reduction Cost Reduction Strategies 382

Logistics Viewpoints

APRIL 10, 2023

Franklin Sorts buys deflated balls, packaging material, and a ball pump. Those materials come into their distribution center in Memphis where they inflate the balls, use a die cut machine to create the packaging, and then kit the ball and pump into the custom-made box. When she joined, Ms. Initially, Ms. Prior to this process, Ms.

Security 197

Security Supply Chain Planning Jordan Forecasting 197

ToolsGroup

JULY 27, 2021

On the surface, it seems like the consumer packaged goods (CPG) industry performed better than most during the COVID pandemic. No forecast can predict the future with absolute certainty. Sense Consumer Demand to Fine-Tune Forecasts. With a reliable probabilistic forecast as a foundation, now you can fine-tune.

Agile and Lean Supply Chain 290

Agile and Lean Supply Chain Supply and Demand Supply Chain Planning Software Gartner 290

ThroughPut

FEBRUARY 24, 2020

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. While supply chain forecasting positively impacts the manufacturing organization at several levels, it particularly sees some great benefits on the warehouse.

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Supply Chain Planning Software 52

ThroughPut

FEBRUARY 24, 2020

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. While supply chain forecasting positively impacts the manufacturing organization at several levels, it particularly sees some great benefits on the warehouse.

Forecasting 59

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 59

BlueYonder

SEPTEMBER 12, 2017

For instance, a simple kitchen cleaner is not so simple anymore; there are countless combinations to choose from when you consider the brand, fragrance types, price bands and packaging sizes. This has made reliable demand forecasting even more difficult. The electronics industry has similar challenges and complexities.

Forecasting 80

Forecasting Supply and Demand Supply Chain Electronics 80

Supply Chain Management and Analytics

FEBRUARY 10, 2020

It is 2020; we now have reasonably accurate short-term weather forecasts. Based on our recent work with a Fortune 100 CPG company and a very large small-format retail chain that sells many of that company’s products, we gained an enhanced understanding of weather-based demand forecasting in the commercial world.

Forecasting 59

Forecasting Modeling Forecasting Software Demand Planning Software 59

crisp

MAY 27, 2020

These are all challenges that leaders in the Consumer Packaged Goods (CPG) business face daily, even without a pandemic in the midst. For as long as the industry has been around, using forecasts and predictions to help inform decisions has been a staple.

Forecasting 40

Forecasting Supply and Demand Industrial Industry 40

MIT Supply Chain

NOVEMBER 16, 2018

Consumer packaged goods (CPG) companies use robust algorithms to interpret patterns from historical sales and predict future demand. Typically, these algorithms only have one or two sources of information (data sets) to derive the forecast for the next period.

Forecasting 45

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 45

Supply Chain Brain

AUGUST 21, 2020

What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind.

Forecasting 40

Forecasting Benchmarking Study Inventory Reduction 40

Arkieva

DECEMBER 12, 2016

How does currency demonetization affect statistical forecasting? However, I have now gotten a few queries from my clients/prospects about the best way to deal with this in their statistical forecasting process. Thus, our statistical forecast engine is generating low forecasts for the future.

Forecasting 60

Forecasting Currency Forecasting Software Supply Chain Planning Software 60

Logistics Viewpoints

DECEMBER 1, 2023

million shoppers and the NRF’s forecast for about 182 million people during the five-day weekend. The company is boasting its quickest delivery time yet, saying that packages are being prepared for dispatch within 11 minutes of an order placement at same-day facilities. The company delivered more packages to U.S.

Logistics Network Optimization Software 231

Logistics Network Optimization Software Albuquerque Logistics Cost Reduction Strategies 231

Unleashed

JANUARY 17, 2019

It can be hard however to forecast this demand and ensure that overstocking does not occur. Forecasting and understanding lead times for is one of the most important steps in inventory management for peaks periods as without raw goods or products to sell, a business won’t make any money or meet increased demand. Review and adapt.

Forecasting 76

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 76

Supply Chain Shaman

DECEMBER 23, 2014

Aggressively design and test products online and then bring the data into your forecasting tools to predict sales of new products by channel. Could your package be delivered by taxi? Cabs in San Francisco are delivering packages in their trunks using an application called FlyWheel and manufacturers are experimenting with Uber.

Packaging 289

Packaging Inventory Reduction Supply Chain Design Software San Francisco 289

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. It used to take two people anywhere from 10 to 15 days to create a 12-month forecast.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

ThroughPut

FEBRUARY 24, 2020

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. While supply chain forecasting positively impacts the manufacturing organization at several levels, it particularly sees some great benefits on the warehouse.

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 52

AIMMS

OCTOBER 17, 2023

Efficient inventory management Demand Forecasting: Use demand analytics to predict demand more accurately, thus reducing overstocking or stockouts. Reduce Product Returns: Focus on quality control and accurate demand forecasting to minimize returns which add to carbon emissions and costs.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Modeling Waste Reduction 156

Logistics Viewpoints

JULY 11, 2022

In many cases, Amazon can deliver these packages within hours of purchase. Forecasting demand is tough enough when you are forecasting what will be sold in the coming quarter. Creating an accurate two-year forecast is a very difficult proposition to begin with. and Europe. It is truly a massive and impressive network.

Supply Chain Network Software 243

Supply Chain Network Software Forecasting Purchasing Skills Forecasting Software 243

Logility

SEPTEMBER 7, 2021

All businesses need to manage the product life cycle effectively if they want to be successful, but this is especially important for companies that deal with consumer packaged goods (CPG) products, such as clothing, cosmetics, electronics, and seasonal items. Developing a Minimum Viable Product.

Packaging 130

Packaging Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 130

Arkieva

JANUARY 28, 2016

This blog is a follow up to the last one where I discussed some ideas around setting up a forecasting hierarchy. As hinted in that blog, I feel that forecasting using fixed hierarchies is not the best way of forecasting. In this blog post, I intend to share what I consider to be a better forecasting methodology.

Forecasting 60

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Software 60

Supply Chain Movement

JANUARY 7, 2013

The Consumer Packaged Goods (CPG) industry faced another year of challenges from economic turbulence and weak consumer confidence in 2011. Given the volatility and rapid pace of promotional activities and product innovation, the gradual increase in forecast error since 2009 comes as no surprise. Forecasting errors.

Forecasting 68

Forecasting Benchmarking Forecasting Software Study 68

ToolsGroup

FEBRUARY 10, 2022

Retailers and consumer packaged goods companies are especially adept at utilizing this strategy to great effect because they recognize the power of promotion. Utilizing pricing software , retailers can leverage machine learning to forecast how pricing will affect customer demand and revenue targets. Lower prices to increase demand.

Inventory Reduction 156

Inventory Reduction Modeling Price Reduction Waste Reduction 156

Elementum

SEPTEMBER 19, 2018

UPS postponed deliveries and pickups in evacuation zones, but is helping large customers make contingency plans for packages that are in risk zones. Forecasts also warn that as heavy rains start pouring, flooded roadways may isolate many communities. Authorities warn that the electricity restoration efforts could last for weeks.

Forecasting 60

Forecasting North Carolina South Carolina District of Columbia 60

Logistics Viewpoints

OCTOBER 25, 2023

The National Retail Federation (NRF) has issued its annual forecast, anticipating that retail sales will grow between 4 percent and 6 percent in 2023, meaning sales will reach between $5.13 Of the 100,000 expected hires, 30,000 will be a mix of package car drivers, commercial driver license drivers and seasonal support drivers.

Logistics Network Optimization Software 212

Logistics Network Optimization Software Logistics Price Reduction Expense Reduction 212

Logility

FEBRUARY 13, 2020

The accuracy of conventional time-series forecasts eventually hits a ceiling. Even high-volume consumer packaged products with well-understood seasonality established over decades continue to experience high near-term forecast error rates. Final forecast together with forecast accuracy and forecast bias.

Supply and Demand 175

Supply and Demand Optimal Sourcing Forecasting Inventory Reduction 175

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

IDC’s Predictions for 2022 and Beyond webinar threw a lens on the four key overarching themes that address critical hotspots for today’s supply chains: resiliency, worker productivity, forecasting, and last mile. The event highlighted that future supply chains are essential for ensuring business continuity, growth, and future competitiveness.

Predictive Analytics Software 245

Predictive Analytics Software Supply Chain Software Agile and Lean Supply Chain Modeling 245