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

ThroughPut

MAY 13, 2022

In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. . Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Logility

JUNE 5, 2024

In fact, Aberdeen Group reports that MEIO is twice as capable of balancing cost and service levels across the network, compared to conventional IO strategies. They include costs, demand signals, supply volatility, and sourcing. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress.

Optimal Sourcing 164

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 164

Silvon Software

APRIL 1, 2024

Requests for custom reports or dashboards by business leaders are met with lengthy development times by IT or external analysts, resulting in single-use reports that are limited in scope. Strategic analytics, on the other hand, is often associated with reporting from an analytical data source like a data hub.

Procurement Analytics 59

Procurement Analytics Analytics Software Predictive Analytics Analytics 59

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Inspired by McKinsey’s 2020 consultancy report, which emphasizes transforming supply chains rather than temporary fixes, we believe a comprehensive approach to reskilling supply chain professionals is essential to meet future demands. While striving to keep costs low, it also aims to meet customer expectations efficiently.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

As we finish 2021, the supply chain is front and center with challenges reported across the globe; across multiple industries from consumer products through to automotive. By 2024, 40% of APeJ-based supply chain forecasts will be automated through the use of artificial intelligence, improving accuracy by 5 percentage points.

Predictive Analytics Software 246

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

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. Walmart will pay more for domestic sources, but will not be burdened with the inventory and purchasing FOB.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Manufacturing Procurement 52

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

are reporting that they are being inundated with requests from importers seeking to use provisions such as the “321 de minimis” rule, which allows goods worth less than $800 to be shipped to the U.S. Firms could store products that attract tariffs in bonded warehouses until they are required. without being subject to tariffs.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Unleashed

OCTOBER 5, 2023

Managing a warehouse can be a complicated task. Keep reading to discover how warehouse management works, gain a confident understanding of the typical warehouse team structure, and learn how to optimise your warehouse processes. In this warehouse management guide: What is warehouse management?

Inventory Reduction 52

Inventory Reduction Waste Reduction Material Savings Resource Reduction 52

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Should supply chain delays occur, companies can more easily identify the source of bottlenecks and take action to improve processes.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. Excess inventory is the stock remaining on shelves or in warehouses after customer demand for an item has been filled. Source: Insider. Inaccurate Demand Forecasting.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

Resilinc

MARCH 22, 2022

Our 2021 Annual Report is here! The report ( available for download here ) draws on the extraordinarily comprehensive risk and trend monitoring data that Resilinc provides to customers through our EventWatch AI , CommodityWatch AI , and WeatherWatch AI tools. But there is still a ways to go before we hit a clearing.”.

Report 62

Report Forecasting Software Supply Chain Software Pharmaceutical 62

Logility

OCTOBER 22, 2020

Among other aspects of a modern-day business, forecasting has become more complex, with many firms striving to incorporate product, pricing, discounts, channel, and other available data to improve accuracy. Machine learning forecasting is very fast, allowing a company to generate hundreds of thousands of SKU-level forecasts in minutes.

Supply Chain Planning Software 182

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimal Sourcing 182

Supply Chain Shaman

NOVEMBER 15, 2021

Today, we are nearing the end of the fourth quarter of corporate reporting. Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B

Supply Chain Design Software 315

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 315

The Logistics & Supply Chain Management Society

MARCH 22, 2022

One Network’s NEO Platform handles supply chain forecasting, sourcing, planning and execution (with routing and logistics optimization) for what may be the largest supply chain control tower deployment in the world. Have a System of Record for Tracking Compliance and Identifying/Reporting Violations.

Supply Chain Planning Software 245

Supply Chain Planning Software Prescriptive Analytics Software Real-time Visibility Optimal Sourcing 245

Logistics Viewpoints

MAY 27, 2022

Dick’s Sporting Goods Beats Forecast in Q1 But Cautions on Inflation, Supply Chain. Amazon Aims to Sublet, End Warehouse Leases as Online Sales Cool. Dick’s Sporting Goods reported its Q1 financials this week, beating expectations but lower its outlook. And now on to this week’s news. in March 2022 from March 2021.

Logistics Network Optimization Software 255

Logistics Network Optimization Software Supply Chain Network Software Real Estate Forecasting Software 255

Supply Chain Matters

SEPTEMBER 6, 2022

The Wall Street Journal reported this week (Paid subscription or metered view) that ocean container freight rates related to the most active global shipping lanes continue to decline amid what is traditionally considered the peak shipping period leading up to the holiday fulfillment season in the November-December period. Added Perspectives.

Report 52

Report Global Scenario Planning Forecasting 52

Supply Chain Shaman

SEPTEMBER 5, 2022

Warehouses are full, and supply chain leaders are using containers as overflow warehouses adding to port snarls. In nine out of ten supply chain planning systems that I test, I find that companies have a negative Forecast Value Added level. Definition of Form and Function of Inventory: Source Supply Chain Insights.

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

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. Materials Planner Forecasts material needs based on production plans and sales forecasts.

Optimal Sourcing 77

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 77

Supply Chain Shaman

NOVEMBER 10, 2013

This week I interviewed Robert Byrne, Founder of Terra Technology , on the results of their fourth benchmarking study on forecasting excellence. The work done by Terra Technology, in my opinion, is one of two accurate sources of benchmark data on forecasting in the industry. The other is Chainalytics demand benchmarking.

Supply and Demand 235

Supply and Demand Forecasting Forecasting Software Modeling Software 235

Logistics Viewpoints

MAY 17, 2021

The company combines domestic manufacturing with global sourcing. In some cases, the e-tailer site is reporting a stock out when that is not the case at all. But more importantly, CommerceIQ improves indirect ecommerce forecasts. The inventory that needs to be held for an e-tailer is based on the forecast.

Demand Planning Software 159

Demand Planning Software Modeling Supply and Demand Forecasting 159

ToolsGroup

OCTOBER 10, 2022

Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages. Unreliable Forecasting. Getting the forecast right is still challenging for many supply chains. Do you have whiplash yet?

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

AB&R

MAY 27, 2021

Roughly 60% of businesses are planning to invest more in supply chain digitalization, Capgemini Research Institute reports [1]. More companies are moving toward an automated warehouse , adopting technology like RFID and other tracking hardware [1]. Use data in forecasting and planning . Next Steps. HAVE QUESTIONS?

Supply Chain Software 52

Supply Chain Software Sourcing Strategies Warehousing Inventory Reduction 52

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Is your historical data not a reliable enough foundation for your forecast?

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Supply Chain Matters

MAY 24, 2022

Supply Chain Matters highlights that companies that sublease excess warehouse or office space is a normal occurrence in business settings, but when Amazon moves in that direction, it can send a shock wave to the industrial real estate ecosystem. billion loss compared to a $8.1 billion profit in the year-earlier quarter.

Supply Chain Planning Software 52

Supply Chain Planning Software Real Estate Warehousing Supply Chain Planning 52

Logistics Viewpoints

AUGUST 11, 2022

Yet, for many operators, orders are still tracked using lagging carrier information gleaned from phone calls, websites, spreadsheets, emails, and other old-school forms of reporting. It collects and stores data from a variety of sources. Then, when schedules aren’t met, it’s an unpleasant surprise to all involved. Bottlenecks form.

Supply Chain Planning Software 235

Supply Chain Planning Software Forecasting Software Logistics Network Optimization Software Supply Chain Network Software 235

ThroughPut

APRIL 6, 2020

Effective supply chain planning can help answer the following questions and fill gaps accordingly: Are demand and supply forecast numbers accurately updated and shared across all the functions across relevant department heads and key stakeholders? Are the inventory numbers being tracked accurately across the several stages of production?

Supply Chain Planning Software 52

Supply Chain Planning Software Forecasting Supply Chain Planning Scenario Planning 52

ThroughPut

APRIL 6, 2020

Effective supply chain planning can help answer the following questions and fill gaps accordingly: Are demand and supply forecast numbers accurately updated and shared across all the functions across relevant department heads and key stakeholders? Are the inventory numbers being tracked accurately across the several stages of production?

Supply Chain Planning Software 52

Supply Chain Planning Software Forecasting Supply Chain Planning Scenario Planning 52

Logility

MAY 31, 2023

Yet, annually refreshed models can be more supportive of yearly contracting processes and decision-making around in-sourcing and outsourcing logistics services. In addition, a detailed selection of transport modes – especially in last-mile modeling – can help maximize performance across inbound and outbound networks.

Optimal Sourcing 130

Optimal Sourcing Modeling Network Design Software Network Optimization 130

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Now I was naive when I wrote the reports at AMR. Measure it.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

ToolsGroup

AUGUST 8, 2017

Source: Supply Chain Insights, “The Power of Downstream Data”, July 2017. Lora Cecere, CEO of Supply Chain Insights, has released a useful new report entitled “The Power of Downstream Data” which describes new value proposition data for collecting and analyzing downstream supply chain data. Initial shipments are also not a good signal.

Supply and Demand 174

Supply and Demand Data Forecasting Supply Chain Planning 174

Supply Chain Matters

AUGUST 8, 2022

This index was reported as 1.84 reported for June, and 2.59 reported for May. The July report narrative indicated that the decline in the pressures index was similar to that over the past two months and was uniform across most of the subcomponents of this index. percentage points from the reported reading of 65 in June.

Procurement Analytics 52

Procurement Analytics Report Global Supply Chain Software 52

Unleashed

MAY 25, 2023

By understanding the flow of products into and out of your warehouse, you can minimise these costs – ultimately improving your margins. Warehouse planning is an artform of its own, with strategic thought required around what products go where. However, ensuring the right products are in the warehouse at the right time comes first.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

crisp

SEPTEMBER 22, 2023

With Google Marketplace, cloud customers can also easily find and subscribe to data sets from a variety of sources and deliver them seamlessly to their data warehouse. Prior to Crisp, CPG brands report spending hours per day manually downloading retail and distributor reports and uploading them into data warehouses.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Waste Reduction Vendor Strategies 52

Logility

MAY 2, 2021

A frequent conversation on forecasting best practices among demand planners is the growing concern over the use of “one number.” From sourcing and production to logistics to marketing, most companies have long relied on a single foundational key performance indicator (KPI) to dictate how they fulfill their customer needs.

Forecasting 149

Forecasting Forecasting Software Procurement Analytics Prescriptive Analytics Software 149

BlueYonder

DECEMBER 18, 2023

The report is aimed at “provide[ing] an entry point in a company’s due diligence in looking for the application or suite of solutions that best suit their specific needs as they move toward this goal.” The IDC MarketScape report on Order Orchestration and Fulfillment evaluates 14 software vendors in this area.

Optimal Sourcing 91

Optimal Sourcing Procurement Analytics Supply Chain Planning Software Predictive Analytics Software 91

SYSPRO Smarter ERP

AUGUST 2, 2023

Food and Drug Administration (FDA) and other governmental entities necessitates continuous reporting on product traceability and adherence to exacting standards. ERP analytics enable the reporting and tracking of variances and defects, providing valuable insights to improve the design process.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98