[PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization

Cerasis

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.

How do supply chain professionals rate their demand forecast’s accuracy?

AIMMS

Part I in our series on assessing your Demand Forecasting process. Is your demand forecasting process evolving with the times? Are you satisfied with your level of forecast accuracy? We are running a quiz to help supply chain professionals address these questions.

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Probabilistic Forecasting - a Primer

ToolsGroup

An experienced gambler might hedge their bet on multiple outcomes, rather than just the most likely "single number forecast". At ToolsGroup we have been big advocates of probabilistic forecasting (sometimes also known as stochastic forecasting).

Simplify Supply Chain Forecasting

Logility

Is 100% forecast accuracy attainable? Anyone that has ever had to forecast demand for products or services knows that obtaining a consistently high forecast accuracy is part science and part magic. Clearly, forecast accuracy is very important.

How is Demand Forecasting changing? How do you compare to your peers?

AIMMS conducted research to assess how supply chain teams perceive the accuracy of their forecast and discover the tools and techniques they are using to upgrade the forecasting process. In this report, you will find helpful benchmarks and insights offered by your peers on the latest demand forecasting techniques, forecast granularity and periodicity, and expectations for the future.

What Technology are Teams Using to Support Their Demand Forecasting Process?

AIMMS

Part II in our series on assessing your Demand Forecasting process . In Part I of this series , we looked at supply chain professionals’ perception of forecast accuracy and how they see their forecast evolving in the future. A new day for demand forecasting? .

Why is Demand Forecasting important for effective Supply Chain Management?

Arkieva

Demand forecasting forms an essential component of the supply chain process. It’s the driver for almost all supply chain related decisions. While demand forecasting is undeniably important, it’s also one of the most difficult aspects of supply chain planning. Why is Demand Forecasting important for effective Supply Chain Management?

Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

In my work with Supply Chain Insights , I immerse myself in learning. I continually question my long-held beliefs on supply chain excellence. . When readers finish a Supply Chain Shaman blog, I want to drive a set of unique takeaways.

Supply Chain Collaboration Networks Outlook

Logistics Viewpoints

I recently wrapped up my Supply Chain Collaborative Networks (SCCN)market study which looks at the total size of the market, the forecasted growth through 2023, and the leading suppliers across a number of categories including industry, region, and customer size.

“Optimized” Inventory Forecasting a Co-Product of Optimized Central Planning

Arkieva

In a recent blog on Inventory Forecasting the core challenges and business importance of estimating inventory are outlined. Optimized” Inventory Forecasting a Co-Product of Optimized Central Planning was first posted on February 18, 2020 at 8:08 am. ©2017

5 Perceptions on Demand Forecasting and How it's Changing

Speaker: Brian Dooley, Director SC Navigator, AIMMS

It’s no secret that demand is getting more difficult to predict. Is your demand forecasting process evolving with the times? How does your process stack up against others? Are you satisfied with your level of forecast accuracy? This webinar shares research findings from a recent survey among supply chain planning professionals to help you answer these questions.

Untangling the Complexities of Demand Forecasting

ModusLink Corporation

Whether facing a major product launch or compiling standard monthly forecasts, the accuracy of demand forecasts is crucial. The post Untangling the Complexities of Demand Forecasting appeared first on ModusLink Global Solutions.

Why the Forecast for Supply Chain Planning has been Only Partly Cloudy

ToolsGroup

Cloud-based supply chain planning is gaining traction. Supply chain management is a system of record. Functions such as demand and supply collaboration that pull in external data are SOEs that are naturals for the cloud. Supply Chain Planning

Another Way to Think About Supply Chain Risk Management

ToolsGroup

In the era of the global supply chain, many companies think about risk management in terms of “ macro agility ”—their ability to anticipate the likelihood of, and develop readiness plans for, major crises that impact the chain, like geopolitical instability and extreme weather.

Probabilistic Forecasting and Confidence Intervals

Arkieva

Historically, most of the key planning and computational activities (models, time series, machine learning, and other analytics) that support extended supply chain management (SCM) are “deterministic models”.

Machine Learning: A Quantum Leap in Forecast Accuracy for the Modern Supply Chain

Whether you realize it or not, Machine Learning is having a profound impact on your everyday life

Sales Forecasting Unchecked – A Supply Chain Nightmare!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Imagining the Supply Chain of the Future! The Planning and Budget cycle within most companies must start with a forecast of future sales and revenue. What Happens When Forecasts Are Wrong? Subscribe Here! Email Address.

3 Supply Chain Trends to Keep an Eye on in 2020

AIMMS

What’s on the horizon for supply chain professionals? Many are relying on advanced analytics to optimize their supply chain for sustainability. Many are relying on advanced analytics to optimize their supply chain for sustainability – Tweet this.

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Determining Forecast Fit

Vanguard Software

A forecast is considered a good fit if it captures all patterns and trends, while excluding random noise. Supply Chain Integrated Business Planning (IBP) Sales Forecasting

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. Uncertainty prevails in supply chain – much more so than in football. Yet, they cannot improve the forecast beyond its intrinsic variability.

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 to gain end-to-end visibility into any causes of delay in your global supply chain.

Supply Chain Innovation: The Latest Gartner Supply Chain Predictions

ToolsGroup

Gartner analysts presented their latest supply chain findings throughout the two-day Gartner Supply Chain Executive Conference last month in London. They see the highest spending priorities in e-commerce software, supply chain optimization and cost analytics.

Powering Your Digital Supply Chain: Forecasting Returns

Supply Chain Nation

This creates an interesting problem for both retailers and manufacturers that sell online: in addition to predicting a customer’s original order, manufacturers and retailers need to be able to forecast expected returns. Streamlined returns management starts with an advanced ability to forecast returns, which is not an easy problem to solve. Have you ever ordered something online and then decided to return it? You’re not alone.

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. To complete a supply chain diagnostic, I take these four steps: Step One. Supply chains are not the same.

Forecasting: Let’s Start by Asking the Right Questions

Supply Chain Shaman

RFPs and powerpoint presentations are the worst way to buy decision support technologies like supply chain planning. This is especially true for forecasting. I find that too many companies try to buy forecasting software through a Request For Proposal (RFP). Ten calls.

Automated Order Processing and Proactive Inventory Management

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

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align. Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line.

A new frontier for forecast accuracy

The Network Effect

At some point most forecasting methods will hit the law of diminishing returns where the forecast accuracy will tend to flatten out, regardless of the formulae or analytics that are applied. The post A new frontier for forecast accuracy appeared first on The Network Effect.

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.

Probabilistic Forecasting: Right Fit for Your Business?

Supply Chain Shaman

A Closer Look at Forecasting. Traditionally companies forecast using history (shipments or orders) and applying linear regression to understand the patterns of historical demand using these to estimate future requirements in a time-series format. The Long Tail of the Supply Chain.

New Product Forecasting

Vanguard Software

Three ways to model new product releases for better forecasting, planning and performance. Supply Chain Demand Planning Sales & Operations Planning

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

With the introduction of digital supply chains, the industry is moving into an era arguably on par with the industrial revolution. To deliver business transformation, the gap between company goals and digital supply chain strategy needs to close.

Adventures in Forecasting in the Supply Chain

Supply Chain Opz

One of the principle aims of supply chain management is managing uncertainty. And no function is more at the forefront of that endeavor than demand forecasting. In order to do that, forward planning is key, and accurate forecasts are a critical input.

Collaborative Planning in Supply Chain – Share your Forecasts

TPSynergy

Forecast Collaboration. How to reduce Supply Chain Planning cycle time and inventory levels? All the above questions are asked by Supply chain managers frequently when they are planning their supply chain horizon. Portal for Forecast Collaboration.

The Branded Supply Chain

DELMIA Quintiq

What do H&M and Whirlpool know about supply chains that many of their competitors don’t? It is that world-class supply chains embody world-class brands by delivering to the customers the promises made and stories told by their marketing departments.

What’s Your Forecast Accuracy Target for 2017?

ToolsGroup

In 2016, it seemed as if everyone in supply chain was looking to improve their forecasting performance. How much can you realistically expect to improve your forecast accuracy each year? Supply planning agility required to support desired service levels.

Common Forecasting Myths Debunked – Part 1 – One Forecast is Enough

Logility

This is the first of a series of four posts that will explore common forecasting myths. In supply chain the impact of a single error can quickly derail an entire forecast. Forecasting needs to be flexible and change with shifts in demand patterns.