ThroughPut

APRIL 15, 2024

In the ever-evolving landscape of global commerce, businesses face a significant challenge: the pain of inaccurate forecasts and the relentless pace of market conditions. The agitation stems from the financial loss and operational inefficiencies accompanying these inaccurate forecasts. AI in supply chain forecasting is a game-changer.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting?

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Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

ToolsGroup

MAY 19, 2021

Demand forecasting is tough, and getting it right over the entire product lifecycle during the course of launch, maturation, and end-of-life is tougher still. This is true for any business with sizable turnover in the product portfolio and especially in industries like retail , electronics, and aftermarket parts.

Forecasting 156

Forecasting Forecasting Software Supply and Demand Supply Chain Planning Software 156

Logistics Viewpoints

JUNE 7, 2021

The implementation also involves leveraging weather data to improve forecasting. Pinnacle Propane was founded in 2010 through the acquisition of several retail propane companies in Central, South and West Texas. The forecasting projects were focused on secondary distribution. Forecasting is harder there.

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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?

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ToolsGroup

MARCH 16, 2023

We knew we could maintain and raise this level of service, limit waste, and improve profitability by adopting a solution that applies this innovative drive to our planning processes, streamlines collaboration, and increases forecast accuracy.” What makes ToolsGroup’s forecasting approach the most accurate?

Supply and Demand 156

Supply and Demand Forecasting Software Forecasting Supply Chain Planning Software 156

ToolsGroup

FEBRUARY 2, 2022

This is not just my personal observation but the consensus of leading financial experts around the world who are regularly briefed by manufacturers, logistics providers and retailers. In 2022 these, along with the probabilistic forecasting methods that they enable, will become mainstream supply chain planning tools.

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Demand Solutions

MAY 18, 2020

Retail businesses can be very difficult, as well, as there’s so much data to collect. If you’re a retailer, then you’re likely selling thousands of SKUs, making it hard just to collect data on them let alone analyze it in order to forecast demand ! What Is Demand Forecasting? Establish a baseline.

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Logistics Viewpoints

MARCH 31, 2020

It is 2020; we now have reasonably accurate short-term weather forecasts. The post Weather-Influenced Demand Forecasting in 2020 appeared first on Logistics Viewpoints. Kudos to those writing about the way weather influences consumer demand. Kudos to those writing about the way weather influences consumer demand.

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Forecasting Supply and Demand Supply Chain Planning Scenario Planning 161

ToolsGroup

JANUARY 30, 2024

Wholesale channels are no longer a backup channel for retailers. Smart retailers are planning their wholesale channels just as strategically as they leverage storefronts and e-commerce. Optimize inventory productivity across all channels with JustEnough v2023.4 In our latest release, JE 2023.4,

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 156

ThroughPut

MARCH 25, 2024

In supply chain management, accurately distinguishing between demand planning and demand forecasting is essential yet challenging. The consequences of conflating demand planning with demand forecasting are significant, impacting inventory management, customer satisfaction, and financial health. What is Demand Forecasting?

Supply and Demand 52

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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. Retailers usually sourced two to three truckloads of butter a week but sold as much as 10 to 12 truckloads during peak baking season. Rather than focus on regional D.C.s, Contact GlobalTranz Today.

Forecasting 156

Forecasting Forecasting Software Freight Inventory Reduction 156

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. Machine learning has certain strengths.

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Forecasting Forecasting Software Demand Planning Software Supply and Demand 219

ToolsGroup

JANUARY 15, 2024

Retailers can now quickly sense, predict, and respond to real-time changes in demand to better navigate market uncertainty to achieve maximum profitability. Retailers today need an integrated solution that is agile enough to adapt to even the smallest changes in demand.”

Inventory Reduction 177

Inventory Reduction ToolsGroup Waste Reduction Price Reduction 177

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

Alloy

SEPTEMBER 15, 2021

Note: in this article, we’ll be referring to your forecasts as forecasts and your retailers’ forecasts as supply plans. With supply chain headaches and inflation driving down brand loyalty, it’s more important than ever to make sure your retailers are effectively allocating your inventory.

Forecasting 96

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ThroughPut

MARCH 24, 2024

Demand planning and forecasting in the traditional sense relied heavily on a combination of limited and biased data and gut instinct. Not limiting this ability to just rectifying errors, analytics can also be leveraged into demand forecasting and profit generation. Why do you Need Modern Demand Sensing to Solve Modern Problems?

Supply and Demand 52

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ToolsGroup

JUNE 22, 2021

ToolsGroup’s supply chain planning software allows Italy’s largest grocery retailer to improve forecast accuracy, model promotional events, and improve visibility and collaboration with cooperatives. Conad (Consorzio Nazionale Dettaglianti) is the largest organization of independent retail entrepreneurs present in Italy.

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Supply Chain Matters

JANUARY 18, 2024

holiday period and full year retail sales in 2023. The National Retail Federation (NRF), in conjunction with its annual conference held this week, reported 2023 holiday sales based on U.S. According to the NRF release , core retail sales during the 2023 holiday season rose 3.8 trillion, in-line with NRF ’s adjusted forecast.

Forecasting 52

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ToolsGroup

APRIL 26, 2023

This gives retailers in-the-moment visibility into inventory and inventory-related events and enables them to take fast action based on these insights. Real-Time Retail empowers merchants to respond faster to changing shopping patterns and gain significant competitive advantage. Version 2023.1 Version 2023.1 JustEnough version 2023.1

Supply Chain Planning Software 156

Supply Chain Planning Software ToolsGroup Supply Chain Design Software Forecasting Software 156

ToolsGroup

JANUARY 9, 2024

BOSTON – January 9, 2024 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named a technology leader in the SPARK Matrix™ analysis of Retail Assortment and Management Applications by Quadrant Knowledge Solutions (QKS).

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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.

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Logistics Viewpoints

JANUARY 1, 2024

This meant that retailers were not maximizing their profitability. The problem with the rules that retailers use for omnichannel fulfillment is that they leave money on the table. These more advanced solutions leverage network inventory visibility and demand forecasting models and constraint logic. That is changing. However, Ms.

Omnichannel 211

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ToolsGroup

JANUARY 19, 2024

The curtains have closed on the National Retail Federation (NRF) 2024 Retail’s Big Show, and this year’s event has been extraordinary, with a record-breaking attendance of nearly 40,000 participants from around the globe. Inflation, another hurdle on the retail landscape, prompted a shift in focus towards long-term business growth.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Optimization Software Forecasting Software 156

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.

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ThroughPut

DECEMBER 4, 2022

In the past two years, there has been a shift in how supermarket & retail grocery supply chains function. When demand can be anticipated with accuracy, it can be delivered efficiently with demand forecasting techniques. Importance of Demand-driven Replenishment.

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BlueYonder

JULY 6, 2023

Market-based demand forecasting to help you predict localized demand and placement of inventory Retailers are facing increasing pressure to offer affordable, reliable, and frictionless customer experiences. For retailers, it’s key to consider the proximity and the timeframe that you’re trying to offer those customers.

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Forecasting Forecasting Software Demand Planning Software Supply and Demand 67

o9 Solutions

DECEMBER 30, 2021

Ensuring inventory availability is necessary to keep businesses running smoothly in the retail world. As retailers aim to manage store inventories and stock levels across the fulfillment network, they must also grapple with challenges such as rapidly fluctuating demand patterns and supply uncertainty.

Forecasting 52

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ToolsGroup

FEBRUARY 7, 2021

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. What do you predict will be different for retailers in 2021? Transcript.

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BlueYonder

APRIL 18, 2024

The shift to omni-channel selling has created many challenges for retailers across their order management and fulfillment operations. Demand forecasts need to be accurate to ensure profitability — even in the face of unprecedented volatility. How are retailers addressing these challenges?

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Supply Chain Planning Software Forecasting Software Modeling Software Demand Planning Software 85

BlueYonder

MARCH 19, 2020

As with hand washing, what might be deemed standard needs to be reevaluated for quality in your forecasts. Even if you are not consistently managing your exceptions and tuning your forecasts right now, these critical set of steps will ensure the cleanliness and usefulness of your demand forecasts for the next week, month and year ahead.

Forecasting 66

Forecasting Forecasting Software Supply and Demand Retail 66

ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Yet, in today’s omnichannel world, retail returns are key to driving business growth, thanks to their ability to enhance the customer experience, minimize losses, and preserve long-term revenue.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Kinaxis

NOVEMBER 28, 2017

When it comes to forecasting and demand management , a lot. Consider this: According to the National Retail Federation , approximately 189 million people watched Super Bowl LI, and viewers spent an average of $82.19 on electronics, apparel and food specifically for the game, up from $77.88 compared to the previous year.

Forecasting 156

Forecasting Forecasting Software Supply and Demand Demand Management 156

Herlitz Inventory Management

JANUARY 18, 2023

What is Demand Forecasting? Demand forecasting is a vital activity for wholesale and retail purchasing teams. Demand forecasting is a process that helps retailers and wholesalers predict future consumer demand. Forecasting inventory is simple in theory, but difficult in practice.

Forecasting 52

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BlueYonder

JUNE 29, 2023

Market-based demand forecasting to help you predict orders and resources Retailers are facing increasing pressure to offer affordable, reliable and frictionless omni-channel fulfillment experiences. With optimized fulfillment and labor forecasting, companies can predict labor and hard asset needs to process e-commerce orders.

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ToolsGroup

APRIL 14, 2023

LONDON — April 13, 2023 — ToolsGroup , a global leader in retail and supply chain planning and optimisation software, will be introducing its latest innovations in retail planning at Retail Technology Show, the flagship event for retail, in 2023. Here you can see, feel, hear and touch the future of retail.

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o9 Solutions

SEPTEMBER 7, 2021

Retailers, in particular, realized traditional forecasting models that use historical sales data, were inadequate in predicting sales during the COVID-19 pandemic. Market knowledge improves forecast accuracy and explainability. This data allows retailers to get very granular?down down to the store and zip code level?by

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