ThroughPut

MARCH 25, 2024

In supply chain management, accurately distinguishing between demand planning and demand forecasting is essential yet challenging. These processes are foundational for strategic supply chain management but serve distinct functions. What is Demand Forecasting? What is Demand Planning?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Logility

FEBRUARY 7, 2023

Solve for demand planning confidence, despite economic uncertainty. Lurking beneath the relentless wave of supply chain disruptions are challenges managing supply and demand, as peaks and valleys in orders mean a longer shelf life for warehouse inventory. Take, for example, Nike.

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Supply and Demand Demand Planning Software Supply Chain Planning Software Forecasting Software 130

Logility

FEBRUARY 13, 2020

Because historical data is a flawed predictor of supply chain conditions over a short period of time. Consider adding demand sensing to your planning mix. The typical performance of demand sensing reduces near-term forecast error by 30% or more compared to traditional time-series forecasting techniques.

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Supply and Demand Optimal Sourcing Forecasting Inventory Reduction 175

QAD

SEPTEMBER 12, 2023

According to Michigan State University , “demand planning is a supply chain management process of forecasting, or predicting, the demand for products to ensure they can be delivered and satisfy customers. Should demand planning be placed under supply chain management, sales, or finance?

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Supply and Demand Demand Planning Supply Chain Planning Scenario Planning 95

ThroughPut

APRIL 20, 2023

Supply chain planning that is purely based on forecasts is no longer relevant in today’s fast-paced market. Just as we step out of the post-covid impact, the need of the hour is holistic demand planning which can drive results in today’s dynamic and ever-changing business environment. The answer lies in demand sensing.

Supply and Demand 52

Supply and Demand Demand Planning Demand Planning Software Supply Chain Planning Software 52

ToolsGroup

FEBRUARY 28, 2023

At ToolsGroup, we spend a lot of time working and partnering with our customers to overcome their top supply chain challenges. That’s why we eat, sleep, and breathe innovation and never stop looking for ways to help our customers get the most out of their partnership with us and make their supply chains a force for good in the world.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Modeling Demand Planning Software 156

ToolsGroup

FEBRUARY 19, 2020

“Good old supply chain. said no VP of supply chain ever. . We’ve created quite a monster with all the sophisticated tools we use to influence demand with pricing, new product introductions and promotions. As businesses use more “levers” to influence demand, demand variability grows. What is Demand Sensing? .

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Supply and Demand Modeling Demand Planning Software Optimal Sourcing 218

Logility

JULY 21, 2023

Supply chains large and small are under siege by constant supply chain disruption. Companies find themselves struggling to serve customers, source materials, manage costs, handle supply constraints and shortages and, above all, gain visibility into what’s next. Thanks to technology, however, the headlines aren’t all bad.

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S&OP Supply Chain Design Software Supply Chain Planning Software Supply and Demand 196

Logility

JUNE 15, 2021

Food and beverage companies can use demand sensing to predict sudden market trends and prepare for actual supply needs. Demand fluctuations dominate the food and beverage (F&B) industry. In this instance, time, money and resources are wasted trying to sell perishable goods that do not align with consumer demand.

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

ThroughPut

MARCH 24, 2024

Earlier in the day, demand planning was a guessing game that relied more on intuition, instinct, and inclination. Companies that leveraged the data they collected to enable more accurate demand planning, distinguished themselves from their competitors. Why do you Need Modern Demand Sensing to Solve Modern Problems?

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Logistics Viewpoints

JULY 22, 2021

While the terminology evolved, the underlying thesis of S&OP has stayed the same, i.e., bridge the divide between sales forecasts and operational plans while respecting the budget. Then the process was put to test in recent times, as increasing demand and supply side shocks caught companies flatfooted.

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S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

BlueYonder

DECEMBER 4, 2023

In the rapidly evolving landscape of supply chain management, precision, agility, and resilience are the keys to success. A recent survey of demand planners’ concerns and day-to-day experiences sheds light on the challenges faced by planning teams today and highlights the pressing need for innovative solutions to solve for them.

Supply and Demand 84

Supply and Demand Modeling Supply Chain Planning Software Scenario Planning 84

ToolsGroup

APRIL 25, 2019

Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. Data Variety The more different types of data sources you factor in (e.g.

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Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

New Horizon Supply Chain Blog

FEBRUARY 23, 2024

Introduction We’ve written quite a few articles on specific aspects of demand planning, but we’ve never written an introductory piece for beginners or those looking for a refresher course. We plan to do this for sales and operations planning (S&OP) and some other areas of supply chain planning as well.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

ThroughPut

DECEMBER 5, 2023

Keeping up with demand and market trends challenges most supply chain operators. 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. Let’s start with the definition.

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Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Supply Chain Shaman

FEBRUARY 14, 2022

In 2022, I frequently ask companies to draw their river of demand. The activity is designed to challenge new thinking–to rethink demand as a flow, to identify rocks (barriers), and define process latency (the time to make a decision). Drawings from Two Very Different Businesses Portraying the River of Demand. Mistake #3.

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S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

ThroughPut

JANUARY 21, 2024

In the midst of the Covid-19 slump, businesses need to shift to reliable systems to meet customer demand and improve profitability. It is here that demand sensing comes into focus. Time and again, demand sensing has been linked to sustainable business practices to ensure this reliability along with resilience.

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Supply and Demand Inventory Reduction Material Savings Cost Reduction Strategies 52

Supply Chain Shaman

DECEMBER 7, 2023

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Background The Council of Supply Chain Resilience met for the first time this month. Let’s start the beginning. What is supply chain resilience?

Supply Chain Design Software 303

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

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demand planning.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

ToolsGroup

JUNE 2, 2023

But then, supply chain disruption became the rule instead of the exception, consumers changed their tastes as often as their socks, and global competition started playing hardball. Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy.

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Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Unleashed

FEBRUARY 1, 2023

The onset of COVID and the rapidly changing environment of a pandemic-hit world has meant demand planning has become more difficult – and as a result, more critical – than ever. What is demand planning? Demand planning is the process of predicting what customer demand will be for a certain product.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Logility

JANUARY 18, 2024

How AI in Supply Chain Brings Value to Your Business Supply chain leaders are looking to get a firmer grasp on their supply chain planning. When it comes to supply chain planning, it may be hard to believe that these current capabilities can bring any real value.

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Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Software 191

ThroughPut

APRIL 20, 2023

The supply chain world can now be easily categorized into phases – Pre-covid and Post-covid. Chief Supply Chain Officers (CSCOs) today have to deal with a new set of challenges including supplier unpredictability, ambiguous and missing historical data, inventory disruptions, supply and demand imbalances, to name a few.

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Supply and Demand Forecasting Demand Planning Procurement Solutions 52

ToolsGroup

JANUARY 16, 2023

In a world of too little, too late, real-time data provides the actionable insights companies need to maximize inventory performance and business profitability. The highly scalable platform processes and analyzes data quickly and applies configuration to provide actionable views of inventory.

ToolsGroup 156

ToolsGroup Real-time Visibility Optimal Sourcing Supply Chain Planning Software 156

ToolsGroup

JULY 6, 2023

It’s also why so many of our customers are eager to share their supply chain success – and have even won awards of their own in partnership with ToolsGroup! Check out some of our most recent accolades and discover why so many companies turn to ToolsGroup for better, faster supply chain decision making.

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ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

ToolsGroup

AUGUST 8, 2017

Source: Supply Chain Insights, “The Power of Downstream Data”, July 2017. POS data helps sense and respond to localized demand. The blue bars represent historic average order demand profiles, while the colored lines represent regional POS demand patterns.

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Supply and Demand Data Forecasting Supply Chain Planning 174

QAD

APRIL 10, 2024

In today’s era of digital transformation, technology is imperative to mitigate the bullwhip effect within the supply chain. The bullwhip effect illustrates how minor shifts in consumer demand for a product magnify upstream in the supply chain. What do forecast stats help demand planners do?

Optimal Sourcing 52

Optimal Sourcing Forecasting Supply and Demand Forecasting Software 52

Supply Chain Shaman

FEBRUARY 26, 2024

The layers of the outside-in process surround the traditional supply chain planning applications shown in blue. Outside-in Planning Taxonomy 2. It might seem unlikely, but the American Red Cross is a leader in defining a market-driven supply chain using outside-in signals. If not, let’s pack more hamburger.

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

Logility

MAY 26, 2022

Key Takeaways: • Supply chain volatility is expected to continue and plague some sectors until 2024. Demand constraints create financial risks as well as environmental problems. • 25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain. Supply and demand.

Demand Planning Software 173

Demand Planning Software Supply and Demand Modeling Supply Chain Planning Software 173

ThroughPut

MAY 27, 2022

Demand planners have to be ready to adapt instantaneously or risk losing their market position – or, worse, market share. Therefore, there is a need for real-time planning that not only offers a clear line of sight into all relevant internal and external influencers of demand, but also helps anticipate and drive it.

Supply and Demand 75

Supply and Demand Supply Chain Planning Software Demand Planning Software Real-time Visibility 75

ToolsGroup

DECEMBER 2, 2021

There’s been a lot of change in how we view supply chain demand forecasting: we moved from a focus on supply—what and how much to supply or replenish—to the demand-driven supply chain, which placed too much emphasis on the intermediate goal of an accurate demand forecast. Image source: Stefan de Kok.

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Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 156

The Logistics of Logistics

OCTOBER 30, 2023

Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. acquired by SAP).

Optimal Sourcing 241

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 241

Supply Chain Shaman

FEBRUARY 16, 2024

Great to conceptualize potential use cases, but not today’s reality. We have this today in most supply chain planning solutions. I don’t think that the answer is faster planning or better engines. The problem with supply chain planning is that it is, by definition, not repetitive work.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 374

ThroughPut

NOVEMBER 18, 2022

Around 69% of companies do not have complete visibility of their supply chains or that 46% of small businesses don’t track their inventory or don’t have an automated method to track it? If the COVID-19 pandemic has taught us anything, it’s the volatility of the market and how the demand dynamics can change almost overnight.

Supply and Demand 52

Supply and Demand Demand Planning Software Supply Chain Planning Software Supply Chain Software 52

ThroughPut

MAY 12, 2023

According to Toby Brzoznowski, the Chief Strategy Officer at LLamasoft, a rough rule of thumb is that a 1% Top Five Features to Look for in a Robust Demand Planning Solutionforecas t improvement leads to a 2.5% reduction in the amount of inventory that needs to be stored at any point in time.

Supply and Demand 52

Supply and Demand Demand Planning Optimal Sourcing Scenario Planning 52

BlueYonder

JUNE 6, 2022

Challenged by an incredible level of volatility, every participant in the automotive supply chain industry needs to precisely understand, and respond to, market demand. A full two years after the COVID-19 pandemic began to upend the world’s supply chains, the global automotive industry is still struggling to rebound.

Supply and Demand 52

Supply and Demand Demand Planning Automotive Supply Chain Planning Software 52

Supply Chain Shaman

SEPTEMBER 10, 2020

For the first in seven years, I was not heads-down preparing for The Supply Chain Insights Global Summit. During this pandemic, sensing market changes, using data, and driving decisions at the speed of business matters more than ever. Tarif issues on Canadian spruce lumber complicate the surge in demand for the building surge.

Supply Chain Planning Software 395

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 395