ToolsGroup

NOVEMBER 2, 2020

Melitta Sales Europe (MSE) embarked on an initiative to revamp existing planning and forecasting processes to increase efficiency and sustainability. The tool also needed to accommodate configurable workflows and automatically detect demand exceptions or outliers. This adaptability has long been a strength for Melitta. A Perfect Brew.

Forecasting 287

Forecasting Forecasting Software Optimal Sourcing S&OP 287

Logility

SEPTEMBER 9, 2023

The need for more resilient supply chains and better demand forecasting was becoming more essential. With the rise of companies looking to implement AI into their supply chains, more accurate forecasts are within reach. Planners need AI based tools that can overlay ground realities on to historic data.

Forecasting 131

Forecasting Modeling Forecasting Software Supply and Demand 131

ToolsGroup

MAY 4, 2021

In episode nine of Be Ready for Anything, supply chain expert Stefan de Kok breaks down the basics of probabilistic forecasting. I’m your host, Mary Vasile, and today I’m delighted to welcome Stefan de Kok who is going to shed some light on probabilistic forecasting. If you went to academia, they call it a density forecast.

Forecasting 156

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Design Software 156

Logility

JUNE 2, 2023

In the intricate world of supply chain management, the accuracy of demand forecasting often serves as the cornerstone of business growth. Yet, despite its significance, demand forecasting continues to be a thorny issue for many businesses, particularly manufacturers. What is Demand Forecasting Accuracy? Let’s get started!

Forecasting 130

Forecasting Modeling Forecasting Software Supply and Demand 130

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting?

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

QAD

APRIL 10, 2024

The adoption of demand forecasting tools can help overcome the challenges of demand fluctuation in a timely manner. A reliable system should provide accurate forecasts and recommendations to optimize inventory management and prevent unnecessary costs. However, ensuring the quality of a forecast is not an easy task.

Optimal Sourcing 52

Optimal Sourcing Forecasting Supply and Demand Forecasting Software 52

Logility

MAY 18, 2023

How can you use AI to better understand how causal forecasting can help your business? Logility’s own, Chris Mason, shares his opinion and expertise on how business leaders can leverage causal forecasting software to be better prepared for quickly changing demand. For example.

Forecasting 130

Forecasting Forecasting Software Inventory Reduction Modeling 130

Arkieva

JULY 18, 2023

Predicting the future is difficult, yet forecasting remains a critical tool for businesses to plan and prepare for what lies ahead. Why Planning Forecasts Are Wrong and What You Can Do About It was first posted on July 18, 2023 at 10:06 am.

Forecasting 134

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Planning 134

ShipBob

OCTOBER 24, 2022

Forecasting projections is one of the toughest things to get right. Whether your brand is experiencing gradual sales or is in high-growth mode , we’ll walk you through some tips to improve your ability to forecast demand. Jump to section: What is demand forecasting? Jump to section: What is demand forecasting? Conclusion.

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Logility

APRIL 21, 2020

The ability to effectively forecast demand is essential for supply chain management decisions. In fact, demand forecasts are used throughout the supply chain including supply chain design, purchasing, operations, inventory, and sales and marketing. The payoffs were big, but they did not come easily. So what’s the upside?

Forecasting 157

Forecasting Optimal Sourcing Forecasting Software Modeling 157

SYSPRO Smarter ERP

MARCH 15, 2023

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. To manage this delicate balance of demand and supply, manufacturers often use statistical forecasting techniques to predict future demand by looking at historical sales data.

Forecasting 105

Forecasting Forecasting Software Demand Planning Software Modeling 105

ThroughPut

MARCH 25, 2024

In supply chain management, accurately distinguishing between demand planning and demand forecasting is essential yet challenging. The consequences of conflating demand planning with demand forecasting are significant, impacting inventory management, customer satisfaction, and financial health. What is Demand Forecasting?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

ToolsGroup

FEBRUARY 2, 2022

Here’s my forecast for what will progress this year against that vision: A major cloud provider – Google, Amazon, or Microsoft – will emerge as the dominant host of the open supply chain platform. In 2022 these, along with the probabilistic forecasting methods that they enable, will become mainstream supply chain planning tools.

Supply Chain Planning Software 177

Supply Chain Planning Software Forecasting Software Forecasting Optimization Software 177

ToolsGroup

NOVEMBER 27, 2018

Editor’s Note: Two years ago we posted a blog about how to set an annual forecast accuracy target and it was one of our most popular topics. It seems as if everyone is looking to improve their forecasting performance. How much can you realistically expect to improve your forecast accuracy each year?

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

SYSPRO Smarter ERP

MARCH 29, 2023

Not only are the issues related to demand planning diverse, but the cross-functional teams involved in the process require efficient tools to be able to work effectively. Organisations realised that the tools they relied on were no longer sufficient to facilitate the increased complexity of the demand planning process.

Forecasting 105

Forecasting Forecasting Software Demand Planning Software Supply and Demand 105

DELMIA Quintiq

SEPTEMBER 5, 2019

There is a saying among forecast users: “ If you forecast, you may be wrong; but you will always be wrong if you do not forecast.”. But how much faith are companies willing to place in inaccurate forecasts? But how much faith are companies willing to place in inaccurate forecasts? This is impossible to do manually.

Forecasting 120

Forecasting Forecasting Software Modeling Supply Chain Planning Software 120

SYSPRO Smarter ERP

MAY 10, 2023

In the previous post, we discussed how organisations have been utilizing additional tools to maintain effectiveness in their demand planning process. In this post, we look at how adopting machine learning can enable organisations to forecast demand with high accuracy despite the increasing volatility in the supply chain.

Forecasting 98

Forecasting Forecasting Software Modeling Supply and Demand 98

ToolsGroup

OCTOBER 14, 2020

Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. The tool is designed to help businesses grow by moving beyond spreadsheet-based forecasting and trial-and-error inventory management. Reduce investment in stock.

Forecasting Software 156

Forecasting Software Forecasting Supply Chain Planning Software Supply Chain Design Software 156

OptiProERP

SEPTEMBER 21, 2023

Inventory forecasting, or demand forecasting, estimates future inventory levels needed using past data, upcoming events, and market trends. Inventory forecasting ensures manufacturers have the proper inventory to meet customers’ needs while minimizing excess inventory costs. Let’s look at the benefits of inventory forecasting. 

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 52

ToolsGroup

NOVEMBER 13, 2018

Last month we published a primer on probabilistic forecasting , an alternative to deterministic or ‘single number’ forecasting. To understand the relationship between probabilistic forecasting and inventory, view your supply chain as a dynamic system, subject to uncertainty and unpredictable change.

Forecasting 159

Forecasting Forecasting Software Optimization Software Supply Chain Optimization 159

ToolsGroup

JANUARY 30, 2018

Trade promotion forecasting is difficult: getting it right involves factoring in many variables. Forecasting demand data, not so much. To do this, the first hurdle is creating a good statistical baseline forecast. To do this, the first hurdle is creating a good statistical baseline forecast.

Forecasting 184

Forecasting Forecasting Software Supply Chain Planning Software Analytics Software 184

ThroughPut

DECEMBER 5, 2023

Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. The lack of forecasting accuracy can easily spill hardship into other departments. What is Demand Forecasting?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

ToolsGroup

DECEMBER 12, 2017

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. Traditional forecasting tools such as SAP APO, designed 25 years ago or more, generally hold their own in this environment.

Forecasting 185

Forecasting SAP Forecasting Software Modeling 185

QAD

JULY 6, 2023

AI technology can be used to help with forecasting, supply chain planning and demand planning. AI tools can analyze data from past sales, supplier relations, and many other sources in order to identify patterns in customer preferences. It’s clear that AI forecasting can make a huge impact on the supply chain.

Forecasting 93

Forecasting Supply Chain Planning Software Supply Chain Planning Forecasting Software 93

ToolsGroup

NOVEMBER 8, 2016

You’ve likely already recognized the limits of deterministic planning if your company has recently launched (or relaunched) an S&OP initiative, or you’ve started to migrate from traditional platforms like SAP APO to advanced demand analytics tools, or trained your planners on supply chain performance trade-off competencies.

Forecasting 220

Forecasting Forecasting Software Demand Planning Software Modeling 220

ToolsGroup

JUNE 22, 2021

ToolsGroup’s supply chain planning software allows Italy’s largest grocery retailer to improve forecast accuracy, model promotional events, and improve visibility and collaboration with cooperatives. ToolsGroup supported Conad in defining a new demand planning and collaboration process with downstream cooperatives and upstream suppliers.

Forecasting 120

Forecasting Forecasting Software Supply Chain Planning Software ToolsGroup 120

ToolsGroup

JANUARY 17, 2018

Forecasting demand in the long tail is much different than in the head. Companies are dealing with more slow moving items with unpredictable demand patterns, which is making demand forecasting and inventory management more difficult. The solution is not forecast accuracy. the forecast is quite accurate overall.

Forecasting 174

Forecasting Modeling Forecasting Software Demand Planning Software 174

Arkieva

NOVEMBER 9, 2021

These “key tools” balance a need for simple with a need to handle the complexity of SCM – following the IBM adage – complexity exists whether you ignore it or not, best not to ignore it. Tools of the Trade: How “Forecastable” is Your Data? They do not want the academic cop out – “it depends”.

Forecasting Software 78

Forecasting Software Forecasting Supply Chain Planning Software Supply Chain Software 78

Unleashed

AUGUST 23, 2021

A crystal ball sometimes wouldn’t go amiss in inventory forecasting. But in the absence of a magical tool, your best bet is to manage your stock by using industry techniques and technology. Techniques for 2021 What is inventory forecasting? Accurate inventory forecasting is critical for manufacturers and suppliers.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Inventory Management Software 98

Logility

JANUARY 12, 2024

Navigating the $5 trillion North American apparel market requires precision, especially when dealing with the intricate complexities of forecasting and inventory management. The Apparel Industry’s Forecasting Maze Mastering the art of forecasting is critical in the apparel industry.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

Logistics Viewpoints

APRIL 4, 2024

Data Normalization & Removing Bias Data normalization in the context of forecasting is the process of going from actualized sales, which may be biased by various factors such as weather or inventory availability, to an understanding of baseline demand that is stripped of the impacts of these demand drivers.

Supply and Demand 229

Supply and Demand Modeling Demand Planning Scenario Planning 229

Logility

OCTOBER 29, 2021

Process manufacturers in particular, with their reliance on a consistent ingredient mix, have unique challenges that require accurate forecasting to keep up with manufacturing demand. Predictive analytics uses artificial intelligence tools that provide not only real-time data but historical information as well.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

ShipBob

FEBRUARY 26, 2024

This is where collaborative planning, forecasting, and replenishment (CPFR) comes in. What is collaborative planning, forecasting, and replenishment (CPFR)? Collaborative planning, forecasting, and replenishment (CPFR) is the method of coordinating various supply chain tasks between multiple parties (i.e., Let’s get started.

Forecasting 52

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 52

Logistics Viewpoints

MAY 22, 2023

Do we have a demand forecasting tool in place and, if so, how good is that forecast? The post Supply Chain Design: A Tool to Help Maximize Value appeared first on Logistics Viewpoints. Let’s begin with customers: how many do we have, how often do they order, and what are the typical order quantities and patterns?

Supply Chain Design Software 179

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 179

Supply Chain Game Changer

MAY 4, 2021

If you work in Business or Supply Chain you feel the results and the immense pressure caused by inaccurate forecasts. You don’t believe that good forecasting even exists. When demand falls short of forecast you are left with too much inventory, excess capacity, under-utilized resources, and profit and cash flow pressures.

Inventory Reduction 92

Inventory Reduction Waste Reduction Vendor Strategies Expense Reduction 92

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. Is demand planning the same as demand forecasting? While they might sound the same, demand forecasting is actually a part of demand planning.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Modeling 52