Supply Chain Matters

JANUARY 18, 2024

Supply Chain Matters highlights the latest report indicating both U.S. The National Retail Federation (NRF), in conjunction with its annual conference held this week, reported 2023 holiday sales based on U.S. Furniture and home furnishing sales were reported as declining 6.2 trillion, in-line with NRF ’s adjusted forecast.

Forecasting 52

Forecasting Procurement Analytics Report Retail 52

AIMMS

SEPTEMBER 9, 2019

Part II in our series on assessing your Demand Forecasting process . In Part I of this series , we looked at supply chain professionals’ perception of forecast accuracy and how they see their forecast evolving in the future. The use of technology for demand forecasting is widespread . Only 25.7%

Forecasting 207

Forecasting Forecasting Software Demand Planning Software Modeling 207

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Matters

MARCH 25, 2024

Last week, the National Retail Federation (NRF) forecasted its outlook for retail sales this year. Non-store and online sales included in the above figure are forecasted to grown in a range of between 7 percent and 9 percent year-over-year, equating to a range of $1.47 The 2024 forecast compares to the sales growth of $5.1

Forecasting 52

Forecasting Forecasting Software Retail Procurement Analytics 52

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. More recently, artificial intelligence (AI) has been promoted as the way to address the complexities of inventory planning and forecasting. Challenges of IO and AI.

Forecasting 105

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 105

SYSPRO Smarter ERP

MAY 10, 2023

In this post, we look at how adopting machine learning can enable organisations to forecast demand with high accuracy despite the increasing volatility in the supply chain. Therefore, they calculate demand forecasts that respond to changing market conditions and consumer behaviour in real-time.

Forecasting 98

Forecasting Forecasting Software Modeling Supply and Demand 98

Supply Chain Matters

DECEMBER 11, 2023

Today, the United Nations Conference on Trade and Development (UNCTAD) issued its latest forecast update on overall global trade, and the narrative is not encouraging or optimistic. Outlook for 2024 The current updated UNCTAD forecast provides a more pessimistic forecast for 2024. percent in 2023 and a forecasted 4.8

Forecasting 52

Forecasting Global Price Reduction Supply Chain Planning 52

AIMMS

SEPTEMBER 9, 2019

Part II in our series on assessing your Demand Forecasting process . In Part I of this series , we looked at supply chain professionals’ perception of forecast accuracy and how they see their forecast evolving in the future. The use of technology for demand forecasting is widespread . – Tweet this. Only 25.7%

Forecasting 156

Forecasting Forecasting Software Demand Planning Software Modeling 156

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. More recently, artificial intelligence (AI) has been promoted as the way to address the complexities of inventory planning and forecasting. Challenges of IO and AI.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 98

Unleashed

MAY 1, 2023

Demand forecasting has gained increasing importance over the last few years. We met with five supply chain experts to discuss how crucial demand forecasting is for mitigating risk, and what businesses can do to improve forecast accuracy. Our experts explain that best-practice demand planning begins with a top-down forecast.

Forecasting 96

Forecasting Supply and Demand Modeling Forecasting Software 96

SYSPRO Smarter ERP

MARCH 29, 2023

Consequently, organisations were forced to speed up the adoption of digital technologies , especially those offering advanced data analysis and reporting functionalities. It is important to note that organisations rely on forecasting algorithms, which have been used for decades, to predict future demand.

Forecasting 105

Forecasting Forecasting Software Demand Planning Software Supply and Demand 105

Kinaxis

NOVEMBER 14, 2019

by Polly Mitchell Guthrie Today I sat through a full day of talks at the International Institute of Forecasters Foresight Practitioner Conference , which was focused on the topic of “Artificial Intelligence —The Hype and the Promise for Forecasting and Planning.” What is the forecast for AI/ML? Some promising results.

Forecasting 240

Forecasting Forecasting Software Supply Chain Planning Software Modeling Software 240

ToolsGroup

FEBRUARY 21, 2018

Eight years ago ToolsGroup was one of the first supply chain planning software vendors to employ machine learning to improve demand forecasting. Even in 2014 when Gartner wrote a case study about Danone using our machine learning to help forecast promotions, it was barely a blip on the horizon. See diagram above ).

Forecasting 219

Forecasting Forecasting Software Demand Planning Software Supply and Demand 219

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. Let’s look at the benefits of inventory forecasting. 

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 52

GlobalTranz

DECEMBER 22, 2020

The volatility of 2020 and the uncertainties looming into 2021 make it difficult to forecast planning and budgets based on historical data. Many furniture manufacturers reported lengthy delays for build-to-order pieces due to reduced workforces and difficulties in sourcing fabrics and components. Contact GlobalTranz Today.

Forecasting 156

Forecasting Forecasting Software Freight Inventory Reduction 156

ThroughPut

MARCH 24, 2024

Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. Demand planning and forecasting in the traditional sense relied heavily on a combination of limited and biased data and gut instinct. The unavailability of raw materials and changing consumer patterns heavily impacted demand.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

ToolsGroup

OCTOBER 11, 2017

I’ve always maintained that improving demand forecast accuracy, as helpful as it can be, shouldn’t be the end goal itself, but simply a means to the end. A recent report from Gartner agrees, focusing specifically on the challenge of building a better business case for improved forecast accuracy.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

ToolsGroup

JANUARY 30, 2018

Trade promotion forecasting is difficult: getting it right involves factoring in many variables. Forecasting demand data, not so much. To do this, the first hurdle is creating a good statistical baseline forecast. To do this, the first hurdle is creating a good statistical baseline forecast.

Forecasting 184

Forecasting Forecasting Software Supply Chain Planning Software Analytics Software 184

ThroughPut

DECEMBER 5, 2023

Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. The lack of forecasting accuracy can easily spill hardship into other departments. What is Demand Forecasting?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

AIMMS

JULY 8, 2019

Sales and Operations Planning and demand forecasting are two sides of the same coin. For many, a well-executed S&OP process should start with a demand forecast on one end and supply and resource plans to meet that forecast on the other. Demand forecasts are only becoming less accurate. – Tweet this.

Forecasting 156

Forecasting Forecasting Software Demand Planning Software AIMMS 156

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. Significantly, 50% of manufacturers reported they suffered data breaches in 2019.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

Supply Chain Shaman

NOVEMBER 15, 2023

Why It Matters Q3 earnings reports continue to make headline news. FactSet reports that 66% of companies in Q3 2023 beat revenue guidance. 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?`

Supply Chain Planning Software 386

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 386

Supply Chain Shaman

OCTOBER 16, 2023

Improved Forecast Value Added (FVA). Instead, focus on Forecast Value Added analysis. Reports to a Profit Center Manager. The best processes report to a profit center manager, ensuring that the decisions translate to the P&L. In mature companies, the focus shifts from error to Forecast Value Added (FVA) measurement.

S&OP 321

S&OP Supply and Demand Forecasting Supply Chain Design Software 321

Supply Chain Insights

JANUARY 3, 2024

SCI Outside-In Report v3.0 In this report, we share insights based on testing and work with business and technology leaders to redefine planning to be outside-in to maximize the use of market data. In this report, we share thoughts on the definition of an outside-in model. The focus is on using enterprise data.

Handbook 263

Handbook Supply Chain Planning Software Supply Chain Planning Scenario Planning 263

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. Is demand planning the same as demand forecasting? While they might sound the same, demand forecasting is actually a part of demand planning.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. Is demand planning the same as demand forecasting? While they might sound the same, demand forecasting is actually a part of demand planning.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52

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

Supply Chain Matters

JANUARY 11, 2023

Supply Chain Matters provides highlights of the World Bank ’s latest global economic forecast which points to a sharp, long lasting downturn in the global economy. A reinforcement of that message was provided this week with the World Bank significant lowering its forecast for the global economy in 2023. is forecasted to be 0.5

Forecasting 52

Forecasting Global Indonesia Supply Chain Planning 52

ToolsGroup

JULY 26, 2016

Most CPG companies have hit a demand forecasting ceiling. And complexity creates a challenge of how to forecast accurately when faced with new items, new channels and demand shaping. Recent evidence strongly suggests that traditional forecasting techniques in this environment have reached their limits and hit a ceiling.

Forecasting 120

Forecasting Supply and Demand Optimal Sourcing Inventory Reduction 120

ShipBob

JULY 9, 2021

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? There are several supply chain forecasting methods that businesses of all sizes can use that doesn’t involve hiring a psychic. Download the Guide.

Forecasting 98

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Software 98

Logility

JANUARY 12, 2024

Navigating the $5 trillion North American apparel market requires precision, especially when dealing with the intricate complexities of forecasting and inventory management. The Apparel Industry’s Forecasting Maze Mastering the art of forecasting is critical in the apparel industry.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

ToolsGroup

JANUARY 15, 2024

BOSTON – January 15, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to be recognized as a Leader in five separate G2 Winter 2024 reports. Across all report categories, less than 4% of products and services earn Leader recognition.

ToolsGroup 177

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply and Demand 177

ToolsGroup

DECEMBER 6, 2016

Editor's Note: This is the second in a three part series on advanced demand analytics to improve demand forecasting. Demand forecasting software can usually factor in climate and seasonality , like more ice cream being sold during summer months or in warmer climates. But weather data adds a more granular time-sensitive signal.

Forecasting 120

Forecasting Forecasting Software Demand Planning Software Modeling 120

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

ToolsGroup

NOVEMBER 1, 2016

This explains also why supply chain planners struggle to improve their forecasts and end up hitting a ceiling. For instance, our dairy customer Granarolo reports that promotions for a specific product (SKU) can increase sales up to 20 times its baseline demand. Yet, they cannot improve the forecast beyond its intrinsic variability.

Forecasting 120

Forecasting Modeling Forecasting Software Demand Planning Software 120

DELMIA Quintiq

JUNE 25, 2014

‘We already have sophisticated demand forecasting. While I agree that sophisticated demand forecasting and analytics are necessary, they aren’t sufficient. Many organizations have invested in powerful demand forecasting tools and centralized planning. There’s a ton of potentially useful information. Now what?’.

Forecasting 149

Forecasting Forecasting Software Demand Planning Software Supply and Demand 149

ThroughPut

JUNE 12, 2023

Forecasting has forever been at the heart of efficient supply chain operations – driving the much needed predictability to source raw materials, manufacture products and fulfill customer needs at the right time, right place and in the right quantity. Clearly, supply chain forecasting has become more complex.

Forecasting 52

Forecasting Sourcing Strategies Agile and Lean Supply Chain Cost Reduction Strategies 52