Supply Chain Shaman
MAY 21, 2024
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. In my post Mea Culpa, I reference my work with the Gartner Supply Chain Hierarchy of Metrics. They do not excel in planning or forecasting.
Logility
NOVEMBER 20, 2023
In a world characterized by market volatility and unpredictability, businesses constantly navigate supply chain disruptions, erratic demand patterns, and unexpected risks. While traditional forecasting methods have served us well, they often fall short when addressing the evolving challenges of today’s dynamic business landscape.
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Logility
SEPTEMBER 1, 2023
Demand forecasting plays a crucial role in business success, as it helps predict customer demand and plan inventory effectively. However, traditional forecasting methods often fall short in accuracy. Fortunately, with the advent of artificial intelligence (AI), demand forecasting software has undergone a significant transformation.
Logistics Viewpoints
MAY 23, 2024
However, the lag in the Sales and Operations Planning (S&OP) cycle exacerbates issues like inaccurate forecasting, reduced agility, higher error rates, increased costs, limited scenario planning, and sustainability challenges, ultimately undermining supply chain performance and eroding executive confidence in the supply chain as a value driver.
Logistics Viewpoints
MARCH 27, 2023
When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely!
GlobalTranz
FEBRUARY 11, 2020
Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. The post [PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization appeared first on Transportation Management Company | Cerasis.
ToolsGroup
JUNE 29, 2020
Adding to this already uphill battle, we don’t have trustworthy new product forecasting methods because forecasting new products with no sales data is very hit-and-miss. Machine learning (ML) provides an effective weapon for your new product forecasting arsenal. Why is new product forecasting important?
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