[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.

Revisiting Transportation Forecasting

Talking Logistics

Many companies have collaborative planning and forecasting processes with suppliers and manufacturing partners, but very few companies translate demand and production forecasts into transportation capacity requirements. In this episode, Adrian discusses the key challenges and opportunities associated with transportation forecasting. Watch as Adrian discusses: Two key reasons why transportation forecasting has been a challenge to implement.

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Building a Business Case for Improved Demand Forecasting

ToolsGroup

I’ve always maintained that improving demand forecast accuracy, as helpful as it can be, shouldn’t be the end goal itself, but simply a means to the end. Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics.

The What, Why, and How of Transportation Forecasting

Talking Logistics

Many companies have collaborative planning and forecasting processes with suppliers and manufacturing partners, but very few translate demand and production forecasts into transportation capacity requirements. What factors are driving the need for transportation forecasting? Read more The What, Why, and How of Transportation Forecasting. Episode Highlights E2open Gary Barraco TMS transportation forecasting transportation management systems

Why CPG Demand Forecasting Has Hit a Ceiling

ToolsGroup

Most CPG companies have hit a demand forecasting ceiling. And complexity creates a challenge of how to forecast accurately when faced with new items, new channels and demand shaping. Many CPG companies are at a loss on what to work on to improve these forecasts.

Sales Forecasting Unchecked – A Supply Chain Nightmare!

Supply Chain Game Changer

The Planning and Budget cycle within most companies must start with a forecast of future sales and revenue. The Sales and Marketing team is usually responsible for pulling that forecast together. What Happens When Forecasts Are Wrong? Forecasts are generally notoriously wrong.

What Is the Impact of Big Data in the Transportation & Supply Chain Industries?

Cerasis

This graphic shows the true scope of impact of big data in the Transportation, SupplyChain & Logistics industries. . In other words, selecting the best way to consolidate, mix and transport products can help attain a goal of $0 shipping in the eyes of consumers. .

How does Demand Sensing differ from Forecasting for Demand Planning?

Halo

For today’s supply chain planner, the art and especially the science of forecasting demand have evolved. Traditionally, forecasting models were based on time series techniques that create a forecast based on prior sales history. The limitations of time-series forecasting.

A Transportation Network is Your Pit Crew

Talking Logistics

You’ve developed a well thought out transportation plan that supports your supply chain. You’ve conducted a transportation procurement event and have agreements in place with carrier partners to provide the type of capacity you need, where and when you need it. You’ve communicated the final transportation plan and carrier strategy to your internal and external constituents, and have made essential business process changes to ensure successful execution.

Blockchain & Transportation Management: How Will the Ledger Technology Impact Shippers?

Cerasis

The promise of an incorruptible ledger for use in transportation management will reduce inefficiencies and create opportunities in supply chains. With the potential blockchain growing with the interest of software giants, more supply chains are turning to blockchain & transportation management with open arms. This results in higher costs of implementation and delays in effective transportation management using new technologies. Blockchain Transportation Management

High-steaks business planning: Are you meating your forecast?

DELMIA Quintiq

Your planners need to be able to identify and address any gap between forecasted and actual volumes. A single integrated solution – from S&OP to production planning to factory and transportation scheduling.

Navigating Ongoing International Transportation Capacity Challenges

Talking Logistics

International transportation is dealing with ongoing challenges of tighter capacity. From import space and export space tightening up and a hot drayage market causing capacity constraints to volatile air freight rates – international transportation has had its share of challenges the last 10-12 months. Examining and sharing inventory forecast data with supply chain partners can help you be proactive with your international transportation partners in order to get the space you need.

6 Benefits of Transportation Consolidation Programs & How They Reduce Freight Spend

Cerasis

As a result, more supply chain entities are turning to transportation consolidation programs otherwise known as truckload consolidation, explains Joseph O’Reily of Inbound Logistics , to meet these demands. What Is a Transportation Consolidation Program?

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing.

Taking the “Ouch” Out of Transportation Costs

Talking Logistics

However, the biggest pain point for these global supply chains is the one that seems inescapable – transportation costs. Pain Points Increasing Transportation Costs. No matter how much can be saved from sourcing globally, transportation costs continue to creep in to seriously affect a product’s profit margin. A 2017 Global Sourcing study from American Shipper magazine found that 58% of shippers said their highest concern today is rising transportation costs.

Transportation is the Great Enabler of Supply Chain Excellence

Talking Logistics

I believe transportation is the least complex, yet most critical component of the supply chain. And if that isn’t enough to create a bias, maybe these well-known facts will: transportation costs represent the biggest slice of the supply chain cost pie (nearly 60 percent of every supply chain dollar is spent on transportation), and transportation costs can represent 3-12 percent of revenue or more depending on the product type and industry.

MIT Center for Transportation & Logistics: Improving Forecast Accuracy through Demand Sensing

Supply Chain 24/7

Students in the MIT Center for Transportation & Logistics’ Master of Supply Chain Management program spent a year mapping a manufacturer’s forecasting process to help determine if Demand Sensing was a worthwhile ambition to pursue

E-Commerce and TMS: The Role of Transportation Technology for Shippers to Kill It at E-Commerce

Cerasis

Transportation managers are spending upward of 80 percent of working hours just looking for available shipping capacity, reports Talking Logistics , reflecting a portion of companies that have not leveraged the power of a TMS. E-Commerce Logistics Technology TMS Transportation

Transportation TIP List: Week of February 24th, 2019

Transplace

Transportation TIP List: Week of February 24 th , 2019. To try to get us into the spirit of spring, this week’s TIP List includes a plethora of bright trends impacting the future of transportation such as the impact of technology on the supply chain and the current state of the economy.

Why Logistics and Transportation Should Digitize

3rdwave

5 Reasons Logistics and Transportation Should Digitize. Optimized total landed cost forecasting and budgeting. The post Why Logistics and Transportation Should Digitize appeared first on 3rdwave. What is Digitization?

Greater Supply Chain Savings Thanks to Transportation Management

Cerasis

Therefore, more companies have partnered with third-party logistics providers ( 3PLs ) to achieve greater supply chain savings and presence in such markets through enhanced transportation management systems ( TMSs ). To maintain your role in the global market, you need to understand how 3PLs contribute to an improve transportation networks. Greater Supply Chain Savings Thanks to Transportation Management. Why Do Supply Chains Need Transportation Management?

Hurricane Harvey - Effects, Forecasts, and Operational Best Practices

Elementum

Catch up on the effects and forecasts of Tropical Storm Harvey below: EFFECTS. Authorities forecast the winds brought by the storm to reach 185 kph or higher. FORECASTS.

2017 Dedicated Transportation Outlook

Supply Chain Link

Bob Costello, chief economist for American Trucking Association, put it best “Forecasting has gotten more difficult. The transportation industry is in a unique place where various political and economic factors could have an immense effect on the industry at any time.

Where Do the Savings from Managed Transportation Services Come From?

Talking Logistics

Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels. A recent ARC Strategies study on managed transportation services found, on average, MTS can save a company between 2 and 10 percent of its transportation spend.

Are we playing Sudoku or forecasting a business?

Supply Chain Nation

So what does any of this have to do with forecasting? One of the key questions any demand planning organization must answer is ‘at which level(s) should I generate forecasts?’ Now consider that there may be many forecasting methods and parameters available.

Transportation TIP List: Week of June 2nd, 2019

Transplace

Transportation TIP List: Week of June 2 nd , 2019. Over the past few weeks, a number of new regulations and key pieces of legislation have been the main focus of the transportation news landscape. Forecast Sees U.S.

The Managed Transportation Services Outlook

Logistics Viewpoints

I recently wrapped up my Managed Transportation Services 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.

How Advancing Technology in Transportation Management Highlight the Growing Trucking Driver Shortage

Cerasis

Predictions for transportation management in 2016 highlighted growing stress and concern. Obviously, supply chain entities providing less-than-truckload and other modes of transportation do not want drivers under the influence of drugs or alcohol. Transportation Management

Hurricane Harvey: Transportation Impacts

PLS Logistics

Some forecasts are calling for as much as 60 inches of rain from Harvey. What does this mean for the transportation industry? Hurricane Harvey has made landfall in Texas as of Friday 8/25/17. This is the largest storm to hit the United States in over a decade.

Transportation TIP List: Week of March 31st, 2019

Transplace

Transportation TIP List: Week of March 31 st , 2019. Picked directly from the headlines, this week’s TIP List includes industry indicators for you to spring into, including indexes and reports that are helping to forecast the future of the transportation landscape.

What’s the ROI Of Transport and Logistics Providers & A TMS?

Cerasis

Much talk about sales, automation and improved processes dominate the conversation when considering outsourcing logistics processes to a transport and logistics providers or using a 3PL-based transportation management system (TMS). Often, the transport and logistics providers' reps claim initial returns may be as high as 25 percent, if not greater. There are many benefits that accompany the use of transport and logistics providers and their TMS systems.

Ten Business Reasons Why Demand Forecasts Matter

Creating Supply Chain Excellence

Many people who work in supply chains are familiar with the old saying, “The forecast is always wrong.”. In fact, accurately forecasting customer demand—neither over-forecasting nor under-forecasting—matters in many ways for every manufacturer, wholesale distributor, and retailer. Reasons related to under-forecasting: Customers count on on-time shipments. In the worst case, under-forecasting may cause customers to lose business.

Why Logistics and Transportation Should Digitize

3rdwave

5 Reasons Logistics and Transportation Should Digitize. Optimized total landed cost forecasting and budgeting. The post Why Logistics and Transportation Should Digitize appeared first on 3rdwave. What is Digitization?

Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

In this article, leading experts from various sectors in transportation industry will discuss transportation trends you should take a closer look. James Winebrake, Dean of College of Liberal Arts, Rochester Institute of Technology There are a number of important trends happening in the freight industry, spanning all modes of transportation: trucking, shipping, rail, pipeline, and air. The driver shortage forecasted to grow to over 200,000 tractor-trailer operators by 2020.

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Transportation Market Update: Capacity Outlook

Transplace

Transportation Market Update: Capacity Outlook. 2018 was a historic year for the transportation industry. Transportation professionals should keep an eye on these regulations that could have a big impact on trucking in 2019 and beyond: Electronic on-board recording devices.