Logility

AUGUST 14, 2020

Forecasting is an “inexact science” that relies on the data available to you, the math you use, and how you implement the forecast. And your forecasting success is fundamentally impacted by your understanding of that data, its strengths and limits. How you roll up your data for forecasting fundamentally impacts accuracy.

Forecasting 147

Forecasting Forecasting Software Demand Planning Software Modeling 147

Invata Intralogistics

MARCH 9, 2024

In the swiftly changing world of logistics and supply chain management, the advent of automated warehousing stands as a transformative force, offering unmatched efficiency, speed, and dependability in handling inventory. Here’s how AI plays a pivotal role: 1.

Warehousing 52

Warehousing Predictive Analytics Software Predictive Analytics Supply Chain Software 52

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.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Logistics Viewpoints

FEBRUARY 15, 2023

According to our preliminary results, the most widespread tactics to be utilized in 2023 include planning and forecasting process improvements and sourcing of materials from more proximate/local suppliers. However, I am surprised at the degree that localized sourcing is being considered.

Supply Chain Planning 198

Supply Chain Planning Optimal Sourcing Supply Chain Optimization Supply Chain 198

New Horizon Supply Chain Blog

JULY 15, 2022

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. Introduction.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 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

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

Supply Chain Game Changer

OCTOBER 5, 2022

Featuring Our 10 Best Warehouse Order Fulfillment Articles! There is nothing new about warehousing. Whilst a modern warehouse clearly does a lot more than stockpiling food, the principle remains, including the warehouse role in fulfilment. Warehousing – the basics. Warehousing – the basics. Subscribe Here!

Warehousing 95

Warehousing Sourcing Strategies Supply Chain Design Software Supply Chain Software 95

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

ThroughPut

FEBRUARY 24, 2020

After all, it is important to know how certain events could impact operations in the future and what companies can do to mitigate unforeseen risks due to volatile production conditions to efficiently manage warehouse operations. Thanks to advances in technology, including Machine Learning, Artificial Intelligence (AI), Robotics etc.,

Forecasting 59

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 59

ThroughPut

FEBRUARY 24, 2020

After all, it is important to know how certain events could impact operations in the future and what companies can do to mitigate unforeseen risks due to volatile production conditions to efficiently manage warehouse operations. Thanks to advances in technology, including Machine Learning, Artificial Intelligence (AI), Robotics etc.,

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Supply Chain Planning Software 52

Supply Chain Shaman

DECEMBER 7, 2023

Expand the “FLOW” program for logistics information sharing to forecast transportation flow. Source: Supply Chain Insights ASCM defines resilience in the SCM Supply Chain Dictionary as the ability of a supply chain to anticipate, create plans to avoid or mitigate, and to recover from disruptions to supply chain functionality.

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 303

The Logistics of Logistics

OCTOBER 12, 2022

He led analysis around M&A, pricing sensitivity, competitive intelligence, and annual sales forecast for the executive team. FreightWaves provides shippers, carriers, and brokers with freight data, technology, and forecasts that enable them to make better decisions about their transportation. About FreightWaves.

Analytics Software 182

Analytics Software Forecasting Software Logistics Network Optimization Software Supply Chain Software 182

ThroughPut

FEBRUARY 24, 2020

After all, it is important to know how certain events could impact operations in the future and what companies can do to mitigate unforeseen risks due to volatile production conditions to efficiently manage warehouse operations. Thanks to advances in technology, including Machine Learning, Artificial Intelligence (AI), Robotics etc.,

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 52

Logistics Viewpoints

JUNE 21, 2023

The factors impacting broader supply chains extend all the way down to the warehouse floor. In fact, pressures are very similar with warehouse labor cost inflation, labor shortages, and inventory shortages at the top of the “concerns” list. And they must be capable of adapting to various demands.

Supply Chain Planning Software 234

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 234

AIMMS

JUNE 16, 2020

Another use case we see for scenario modeling in the current context is evaluating new sourcing locations. A recent Thomas survey found that 64% of manufacturing companies are likely to “bring production and sourcing back to North America” in view of COVID-19. This put them in a resilient position to face the current crisis. .

Modeling 361

Modeling Network Design Software Scenario Planning Network Design 361

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

IDC expects spending on Digital Transformation (DX) on the top 5 use cases – smart warehousing, freight management, optimized operations, supplier network management, and predictive network inventory orchestration – to hit USD $33Bn in 2022. Source: 2021 FUTURE ENTERPRISE RESILIENCY & SPENDING- Wave 9, September 2021.

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

Vinculum

MARCH 18, 2021

The Digi-Smart manufacturing process empowers enterprises to gain control of their warehouses and ensures that products can be delivered to customers as quickly as possible. This wave of change has made warehouses smarter and more agile. Some experts say that within five years high-performance warehouses will be fully autonomous.

Warehousing 52

Warehousing Optimal Sourcing Sourcing Strategies Inventory Reduction 52

ToolsGroup

APRIL 13, 2020

Rafael: The main two challenges we’ve had are volume, in our case reduction, and the forecast uncertainty. So Honduras suddenly stopped, and we had so many items in transit, so right now we’re overstocked by 140%, and we’re trying to deal with that using external sources. Nicaragua has placed lower restrictions.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Optimization 296

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Ensuring that any approach is fully compliant in order to avoid having to relocate production or supply sources often takes up a lot of internal resources. Firms could store products that attract tariffs in bonded warehouses until they are required. This practice is illegal. Operational strategies. Buying forward. Insourcing.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

ThroughPut

FEBRUARY 24, 2020

After all, it is important to know how certain events could impact operations in the future and what companies can do to mitigate unforeseen risks due to volatile production conditions to efficiently manage warehouse operations. Thanks to advances in technology, including Machine Learning, Artificial Intelligence (AI), Robotics etc.,

Warehousing 52

Warehousing Inventory Reduction Waste Reduction Forecasting 52

ToolsGroup

MARCH 17, 2020

Examples of this include expediting with LTL and air freight and costly in-network transfers from warehouse to warehouse–all of which erode profit margins. Use demand modeling to fine-tune demand forecasts. One US-based ToolsGroup manufacturing customer sources parts from several Chinese and Italian suppliers.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

Supply Chain Shaman

OCTOBER 12, 2017

I get the fact that today’s forecasts are not good enough to drive replenishment, and that rules-based consumption to translate monthly demand to daily demand was a mistake. They calculate the buffer based on what is close to a naive forecast based on incoming orders. (In In my simple mind, I think of this as a forecast… ).

Supply Chain Planning Software 286

Supply Chain Planning Software Forecasting Software Demand Planning Software Supply Chain Software 286

SCMDOJO

APRIL 9, 2024

Massive amounts of data can be gathered in an instant via IoT or other digital technologies like GPS, RFID, warehouse management systems (WMS), blockchain technology, and more. It is predicted that this, along with automated warehousing systems and self-driving vehicles, will further reshape the logistics landscape as we know it today.

Supply Chain Design Software 76

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 76

Logistics Viewpoints

JANUARY 11, 2024

Proprietary warehouse, transportation , and labor management systems bolted onto legacy ERP systems, all “enriched” with off-the-shelf and bespoke software solutions, are a recipe for disaster. Our mission and core values are the foundation of our culture and guiding source in our interactions. Sound too good to be true?

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Network Software Analytics Software Forecasting Software 228

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 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

ToolsGroup

FEBRUARY 19, 2020

Instead of working with the same forecast for a month, you’re empowered to challenge that forecast with the latest sales data and make improvements that boost profits. . Short-term forecast tuning adds up to long-term savings. Generate more precise seasonal demand forecasts. Short-term forecasting with sell-in data.

Supply and Demand 218

Supply and Demand Modeling Demand Planning Software Optimal Sourcing 218

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

Logility

JUNE 15, 2021

How companies in this industry approach demand forecasting can have far-reaching effects on their short-, mid- and long-term success. The bottom line: F&B companies need accurate ways to track and forecast real-world demand and keep pace with consumers’ expectations. Reap the Benefits of Advanced Forecasting Capabilities.

Supply and Demand 147

Supply and Demand Beverage Supply Chain Planning Software Demand Planning Software 147

ThroughPut

NOVEMBER 16, 2021

When fed enough data, machine learning systems can forecast bottlenecks and suggest alternative delivery routes. Demand forecasting. For retail supply chains knowing trends ahead of time can lead to accurate demand forecasting. Intelligent warehousing with AI analytics. Capacity buffers to ensure on-time delivery.

Inventory Reduction 52

Inventory Reduction Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 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

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

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

The upcoming Tee Yih Jia facility consists of three warehouses — two cold rooms and one ambient temperature dry store — and features rack clad high bay warehouse with an automated storage and retrieval system (ASRS) which allows the automated placement and retrieval of high-volume loads from TYJ’s storage locations.

Supply Chain Software 245

Supply Chain Software Food Optimal Sourcing Optimization Software 245

ToolsGroup

AUGUST 16, 2022

The partnership with ToolsGroup will help ERE increase supply chain agility, unify its planning data and processes, sharpen forecast accuracy, and reduce holding costs while ensuring exceptional service to customers. ” About ToolsGroup. Stay in touch with ToolsGroup on LinkedIn , Twitter , YouTube , or visit www.toolsgroup.com.

ToolsGroup 120

ToolsGroup Agile and Lean Supply Chain Optimal Sourcing Supply Chain Design Software 120

Logistics Viewpoints

MAY 17, 2021

The company combines domestic manufacturing with global sourcing. But more importantly, CommerceIQ improves indirect ecommerce forecasts. The inventory that needs to be held for an e-tailer is based on the forecast. Based on the retailer’s forecast, inventory needs to be held to meet the expected sales.

Demand Planning Software 158

Demand Planning Software Modeling Forecasting Supply and Demand 158

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. Check out the video below. Or listen and follow on Spotify. Transcript.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295