article thumbnail

Supply Chain Management:Adding intelligence in the Forecasting.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. TradeEdge – Demand Chain Management. There has been a growing momentum across multiple industries to move from a "one-size-fits-all" approach to a portfolio of different supply chain strategies.

article thumbnail

Becoming demand-driven on command

Supply Chain Movement

His brow was furrowed in thought as he spoke, “In our organization, we have made great improvements in our forecasting system, and improving demand accuracy, but I fear that this is not enough. Each organization has a product line with defined forecastability and product tail (characteristics of product demand by item).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Global Supply Chain Management: Best Practices and Trends

HICX Solutions

Investing in customer experience and focusing on departments across the business will assist in overall growth and improve supply chain functions, including inventory optimization and forecasting. Once this happens, it will inevitably play a greater and more crucial role in supply chain operations.

article thumbnail

Avoid “Lost in Translation”. Monetize S&OP to Include Finance.

ToolsGroup

For instance, a Gartner industry benchmarking shows that a 1% increase in forecast accuracy typically achieves: 2-7% reduction in the value of total inventory as a percentage of sales (working capital). Finance and supply chain spoke the same language—the language of success.

S&OP 92
article thumbnail

Think Differently. Drive New Outcomes. Let Us Help You Build A Guiding Coalition.

Supply Chain Insights

Understand inventory write-offs, impact of forecast processes and technology satisfaction in the planning benchmarking. Customer-Centric Supply Chain Research. Supply chains are not equipped to sense, think, and respond intelligently through digitized relationships which provide new sources of data and insight.

article thumbnail

Building your Supply Chain Strategy: The Five Tenets of High-Performing Supply Chains

BlueYonder

Today is the right time to take a fresh look at these strategic pillars and to explore their full potential as part of your supply chain strategy. Figure 1: A fresh look at the Five Tenets of High-Performing Supply Chains. Supply chain experts defined a new supply chain model driven by orders: the agile supply chain.

article thumbnail

Building Your Supply Chain Strategy: The Customer-Centric Journey Towards Supply Chain Excellence

BlueYonder

For many manufacturing companies, developing a customer-centric supply chain can be a long and daunting journey. The more advanced and innovative supply chain segmentation and customer-centricity steps of the five tenets we have discussed cannot be successfully adopted without a minimum level of operational efficiency.