Why SAP APO Can’t Forecast Demand in Complex Environments

ToolsGroup

SAP APO is not equipped to address today’s supply chain challenges and that makes demand forecasting and supply chain planning more cumbersome and off target with APO or similar tools. APO’s“Top-Down” Demand Forecasting. Finally, ‘noise’ is not forecastable.

Probabilistic Forecasting Can Extend the Life of SAP APO

ToolsGroup

Since the beginning of time – OK, since the beginning of demand forecasting the standard approach has been a single number forecast that works relatively well with stable high volume demand. Machine learning can refine the forecast by crunching external data.

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Why You Should Embrace Uncertainty in Demand Forecasting

ToolsGroup

This explains also why supply chain planners struggle to improve their forecasts and end up hitting a ceiling. The increase of demand volatility in today’s markets explains why supply chain leaders tend to believe that their primary supply chain problem is forecast accuracy.

The Forecasting Conundrum

Logility

I have heard a number of supply chain professionals proclaim that their companies should stop forecasting product demand due to poor forecast accuracy. If we could only get closer to true end-customer demand the company could ship exactly what is needed, where and when.

Key Questions for a Successful Distribution Network

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

As we plan for the world of eCommerce and the customer expectation of quick, free shipping, our ability to forecast is turned on its head. How many distribution centers do we even need, and is that number feasible?

The 7 Best Events For Freight Shipping in 2015

Cerasis

Are you up-to-date with the latest events in freight shipping and logistics? Staying current in the world of shipping and freight also takes strong networking and communication. 7 of the Best Freight Shipping Events to Attend in 2015. Freight freight shipping

Inventory and forecast data from retailers: After your product ships (Part 2)

Alloy

It’s a very useful number that can itself signal action needs to be taken, such as if Units on Hand drops to zero, indicating a location is out-of-stock and additional product should be ordered or shipped. Using Forecasted Unit Sales overcomes that challenge.

DC 52

Big Ships, Big Problems?

Supply Chain @ MIT

Ultra Large Container Vessels (ULCVs) take the idea of economies of scale to new levels in the container shipping business. But these mammoth ships also bring some large-scale challenges.

WordPress Ecommerce Shipping: Scaling Your Online Store Through Shipping

ShipBob

Even more, WooCommerce offers flexible shipping options and settings, including the opportunity to work with tech-driven order fulfillment companies and other platforms that can help you grow your business. In this article, we’ll cover everything you need to know about shipping for your WooCommerce store, including WooCommerce shipping setup, available plugins, and ecommerce fulfillment options. Shipping on WordPress: your top 3 options. Table Rate Shipping Pro.

2020 Freight Shipping Outlook: Forecast for FreightCenter Customers

Freight Center

Our 2020 Freight Shipping Outlook series comes to a close with a forecast of what FreightCenter customers can expect in the new year. To keep it simple, we’ll break down the freight shipping forecast into the three most significant freight shipping pros and cons shippers could face in 2020 and how FreightCenter will help you tackle your freight shipping needs. 2020 Freight Shipping Outlook Pros. Freight shipping is a complex industry.

2020 Freight Shipping Outlook: Advanced Technologies in Freight Shipping on the Rise

Freight Center

Like so many industries today, freight shipping is being transformed by advanced technologies. All these technologies share two goals: to make freight shipping more efficient and less expensive.

Why Forecasting is Important in the Supply Chain

TPSynergy

What is Forecasting? Within a supply chain, forecasting is the prediction of what to expect in the short and long term for inventory, orders, production, etc. The most common forecast is MRP or Material Requirement Planning. Why Forecasts are Important. Sharing Forecasts.

What You Need to Know About Shipping to Puerto Rico

AFFLINK

Shipping to Puerto Rico is more complex than it might seem. On top of that, as an island nation, shipping to Puerto Rico is also naturally more expensive and limited. Here's what you need to know about shipping to Puerto Rico. An Overview of Shipping to Puerto Rico.

How demand sensing can vault forecast accuracy beyond its theoretical limits

The Network Effect

Information theory shows us that increasing mathematical precision to model a “perfect fit” will reach a point where further sophistication of time-series analysis no longer is able to improve upon forecast accuracy. Phillipp Pohle/Flickr. Note, this is part two in a series on demand sensing.

Hurricane Harvey - Effects, Forecasts, and Operational Best Practices

Elementum

Catch up on the effects and forecasts of Tropical Storm Harvey below: EFFECTS. Authorities forecast the winds brought by the storm to reach 185 kph or higher. FORECASTS.

A better way to forecast using attribute based dynamic hierarchies

Arkieva

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. In this example, a number of pre-defined hierarchies are available to us for a hierarchical forecasting. Forecasting General Topics

3 Critical Factors For A Successful Demand Forecasting System Implementation

Silvon Software

A Demand Forecasting system lives and dies by how well the system implementation is handled. As the trite saying goes, “the devil is in the details,” which most certainly applies to a forecasting project. Plus, we mustn’t forget that forecasting is an inexact science and requires a degree of mental interpolation (and a small amount of faith!) Then, you should look at these key factors to help you successfully implement your automated forecasting system.

Trick-Or-Treat: The Spookiest Time for Shipping

Freight Center

The National Retail Federation forecasts that this year, Halloween spending by Americans will reach $9 billion. Shipping the Treats. Confectionary companies shift into overdrive creating and shipping their savory treats from A to B. Products like candy need specialty shipping; temperature-controlled trailers and carriers who can service the right lanes for the best rates. Ship alone if you dare. All Hollow’s Eve will be here before we know it!

Managing Freight Spend and LTL Shipping Process to Attain “Best In Class” Shipper Status

Cerasis

We continue our series on what makes up a "Best in Class" shipper by taking a deeper dive into #4 and #5 of the 10 areas that "Best in Class" Shippers must master : Freight Spend Management and a focus on LTL Shipping Process. Our goal is to help shippers spend less, be more efficient, and continue to improve their LTL shipping ability so they may stay competitive and also keep customers happy. . Managing Freight Spend and LTL Shipping Process.

Giants in the tank. Has liner shipping lost its mojo?

DELMIA Quintiq

As world affairs go, the most recent Global Liner Shipping conference in London did not stir up much interest in the global news cycle. Expect further reductions in capacities and workforces across mining, metals production, heavy industrial equipment, ship building, and many others.

2020 Freight Shipping Outlook: Advanced Technologies in Freight Shipping on the Rise

Freight Center

Like so many industries today, freight shipping is being transformed by advanced technologies. All these technologies share two goals: to make freight shipping more efficient and less expensive. In the world of freight-shipping technology, the concept of driverless freight-shipping trucks gets the lion’s share of the press, but it is still years away from being a major factor in freight shipping. More to Come in Freight Shipping. Getting ready to ship?

Ten Business Reasons Why Demand Forecasts Matter

Creating Supply Chain Excellence

Many people who work in supply chains are familiar with the old saying, “The forecast is always wrong.”. In fact, accurately forecasting customer demand—neither over-forecasting nor under-forecasting—matters in many ways for every manufacturer, wholesale distributor, and retailer. Reasons related to under-forecasting: Customers count on on-time shipments. In the worst case, under-forecasting may cause customers to lose business.

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

You can’t just turn around a giant cargo ship. And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter. Once cargo has shipped, there are no “backsies.”

What’s Happening in the Transatlantic’s Ocean Shipping Lane

CH Robinson Transportfolio

What’s Happening in the Transatlantic’s Ocean Shipping Lane | Transportfolio. Certain trends in capacity, rates, and tariff activity have conspired to create an especially dynamic holiday season for ocean shipping in the Transatlantic lane. Forecast and book your space earlier.

Hanjin Shipping Bankruptcy

3PL Insights

Global Shipping Effects of the Hanjin Bankruptcy. So how will this affect the global shipping and trade markets? Shipping prices have jumped — though it is likely temporary. In addition, the recent expansion of the Panama Canal has led companies to build larger, newer ships.

Separate Demand Signals from ‘Market Noise’ and Bring Precision to your Forecasting

Halo

Use Halo Multivariate Demand Signal Management to isolate actual demand signals from inconsistent market activity and improve forecast quality. What Multivariate Demand Signal Management is not is a replacement for demand forecasting. In fact, it augments core demand forecasting solutions by providing more insight to improve forecast quality and demand response. Ultimately, the problem is a combination of an overly optimistic forecast and the wrong product mix.

23 Reasons the Ideal TMS is best for LTL Freight Shipping

Cerasis

Using less-than-truckload for medium-sized shipments is one of the great innovations in shipping. It produces results at a fraction of the cost of full truckload (FT) or small package shipping. However, the needs of the modern shipping industry have reached an optimal point, and the only way to further push the envelope is by using a dedicated transportation management system (TMS). Contract negotiation is becoming a major factor in shipping.

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations. You can’t just turn around a giant cargo ship. And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter.

Top 9 Truckload Shipping Trends for 2019

CH Robinson Transportfolio

With slower growth forecasted for 2019, we could expect a more historically normal level of market balance than we had last year. The post Top 9 Truckload Shipping Trends for 2019 appeared first on Transportfolio.

Top 9 Truckload Shipping Trends for 2019

CH Robinson Transportfolio

With slower growth forecasted for 2019, we could expect a more historically normal level of market balance than we had last year. The post Top 9 Truckload Shipping Trends for 2019 appeared first on Transportfolio.

Strong Freight Forecast Expected Thru 2026, What It Means for Shippers & 5 Things to Get Prepared

Cerasis

Freight Transportation Forecast to 2026. This report, available for purchase here , poised some significant implications for the shipping, and by direct correlation, the logistics industry. Take a look at some of the specifics of the Freight Forecast and how shippers may adapt to the coming increases. Vitals of the Freight Forecast. Some of the highlights of the Freight Forecast include a dramatic increase of 28.6

Are You Shipping Air? Meet Minimum Order Requirement with Order Fill-up

EazyStock

The post Are You Shipping Air? Blog Demand forecasting Purchasing & replenishmentYou know the challenge.

Tips to Fine-Tune Your Forecast

Logility

A demand planner is similar to a bike mechanic in that the value they add to a system generated forecast is proportional to how proficient they are at fine-tuning that forecast. The problem is that fine-tuning forecasts isn’t a subject that you hear all that much about.

How to Be a Preferred Shipping Customer: Strategies for the Coming Capacity Shortage

Talking Logistics

Understand the full range of shipping alternatives your carriers can offer. Optimizing solutions (like those from Manhattan Associates) can help by sending out short-term freight forecasts with alerts about lulls and surges due to seasonal variation, special promotions, customer back orders, etc. The post How to Be a Preferred Shipping Customer: Strategies for the Coming Capacity Shortage appeared first on Talking Logistics with Adrian Gonzalez.

E2open Completes Acquisition of INTTRA, Bringing Together Leading Global Cloud Supply Chain Management and Leading Ocean Shipping Network

E2open

This brings together the world leader in ocean shipping logistics covering a majority of ocean shipping container capacity, with the global supply chain and logistics network of E2open. The combination of the largest ocean shipping network with the largest beneficial cargo owner (BCO) supply chain network will bring powerful benefits including: Real-time end-to-end visibility with the ability to monitor and react to changing global needs.