ToolsGroup

MARCH 3, 2021

This article will explore the different retail channels and reveal tips for finally mastering demand forecasting for the fashion industry. Demand planning for direct and indirect channels. The COVID pandemic certainly introduced demand shifts and supplier challenges which have been clearly demonstrated in the fashion industry.

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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. Neglecting these can distort your forecast.

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ToolsGroup

FEBRUARY 28, 2023

“ToolsGroup SO99+ improved the accuracy of our forecasts for slower moving items by 5-10%,” said Sarah Voorhees, Vice President of Demand and Inventory Planning at American Tire Distributors. Demand planners need to be able to act quickly and decisively,” says ToolsGroup CEO, Inna Kuznetsova. release HERE.

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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. The goal is to strike a balance between having sufficient inventory levels to meet customer needs without having a surplus.”

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ToolsGroup

OCTOBER 14, 2024

This article will examine the challenges Belcorp faced with managing its extensive product range and complex supply chain and how our solution set, which includes Service Optimizer 99+ (SO99+), Demand Planning, and the Multi-Echelon Inventory Optimization (MEIO) model, transformed their operations. It played out as follows.

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Modeling Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 156

ThroughPut

MAY 9, 2024

Demand planning software is here to stay. Every major supply chain company has demand planners’ toolkits containing it. Read on to discover the top demand planning software features that will transform your supply chain operations. What is Demand Planning Software?

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Arkieva

DECEMBER 19, 2023

Effective demand planning positively impacts everything from production to inventory, distribution to marketing—and all steps in between. 8 Things that Should be on Every Demand Planning Wish List was first posted on December 19, 2023 at 7:51 am.

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BlueYonder

SEPTEMBER 30, 2024

If planners fail to accurately match supply with demand, the results are product shortages, scrapped inventory, cancelled procedures and patient health risks. These manufacturers and distributors absolutely need to get their forecasts, inventory levels and supply strategies right.

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BlueYonder

OCTOBER 7, 2024

High Tech companies can’t afford to build up huge amounts of buffer inventory to prepare for demand swings — it’s too easy to be left with expensive, outdated products that won’t ever be sold. Demand planning is siloed from supply and production. And product life cycles are short, fueled by ongoing innovation.

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ToolsGroup

SEPTEMBER 30, 2024

This shift has led to a growing need for agile inventory management and quick delivery systems. The Challenges of Inventory Management in the Aftermarket Managing inventory in the aftermarket is uniquely challenging.

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Logility

MARCH 12, 2021

Descriptive, predictive and prescriptive analytics should be combined to optimize your demand planning processes. Better forecasting and demand planning processes, which in the past had been beset by low accuracy and poor adoption, were a priority. The A nalytics to B oost your Demand Planning.

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Silvon Software

JANUARY 25, 2023

Collaboration between Sales and Operations professionals in the demand planning process is critical if you want to achieve better delivery rates, higher service levels, fewer stock-outs and increased customer satisfaction. THE DEMAND PLANNING PROCESS (FOR SALES) Simplify the inputs needed by Sales.

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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. The forecast generated by these algorithms degrades as the demand patterns evolve over time.

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The Logistics of Logistics

NOVEMBER 22, 2021

Demand Planning in VUCA Times with Ali Raza. Ali Raza and Joe Lynch discuss demand planning in VUCA times. Key Takeaways: Demand Planning in VUCA Times. This episode is actually a webinar hosted by Joe Lynch, featuring Ali Raza discussing demand planning in VUCA times. About Ali Raza.

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ToolsGroup

FEBRUARY 28, 2023

So we’re excited to be delivering significant enhancements to our solution and expanding our already formidable and innovative forecasting , inventory optimization , and replenishment capabilities that help our customers deliver on promises to their customers, while reducing inventory (and their carbon footprints) and boosting profitability.

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ToolsGroup

MARCH 24, 2021

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.

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QAD

MARCH 13, 2024

” This also applies to the Supply Chain and the demand planning process. Achieving an effective demand planning process involves getting different parts of the organization together. This is because demand planning is a bridging function between commerce and supply chain.

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QAD

MARCH 27, 2024

So far, we’ve seen how data is an integral part of the demand planning cycle. However, completing this task becomes complex when multiple systems store demand planning data. This software helps businesses keep track of raw materials, orders, cash, production capacity, purchase orders, inventory levels, and more.

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ToolsGroup

MARCH 16, 2023

We knew we could maintain and raise this level of service, limit waste, and improve profitability by adopting a solution that applies this innovative drive to our planning processes, streamlines collaboration, and increases forecast accuracy.”

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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.

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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.

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BlueYonder

SEPTEMBER 17, 2024

While this fundamental shift will produce enormous benefits for the environment, it’s creating challenges and complexity for the world’s automotive demand planning teams. To add to this complexity, today’s consumers are demanding and craving product customization. It also collates risk and demand assumptions.

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The Smart Software

JULY 29, 2022

Smart Software, a leader in enterprise demand forecasting, and inventory optimization solutions announces the release of Smart Inventory Planning and Optimization for Prophet 21 (P21). The post Smart Software Launches Smart Inventory Optimization and Demand Planning for Prophet 21 appeared first on Smart Software.

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ThroughPut

MAY 2, 2024

Add to that the growing demands of sustainability all around! Achieving any kind of business and operational efficiency is possible only when you lead plans by demand. However, demand planning is a complex function and ineffective demand planning can spell doom in the modern commercial world.

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Logility

JANUARY 14, 2020

These leaders discuss how a digital supply chain platform allows them to harness new demand signals, develop a more accurate plan that can be refined as needed and quickly model multiple scenarios with a supply chain digital twin. Watch: When Planning for Forecast Accuracy, Visibility is in Demand.).

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BlueYonder

DECEMBER 4, 2023

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. Demand planners play a pivotal role in supply chain management. The Time Is Now.

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Logility

FEBRUARY 14, 2018

With increasing frequency, I have noticed blog posts touting the position that ‘demand planning is dead.’ Their solution: by sensing and reacting to customer demand at the point of purchase there is no longer a need for projecting demand based on history. ” And so it is with demand planning.

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Kinaxis

AUGUST 2, 2016

by Alexa Cheater Struggling with the reality of not being able to easily consolidate data, global telecommunications company Sonus Networks was dealing with delays in understanding the impact of changes to its supply chain plans. The result was difficulty in meeting customer demand in a timely and efficient manner. Connect the Data.

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EazyStock

OCTOBER 31, 2022

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Why is demand planning important? Is demand planning the same as demand forecasting?

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EazyStock

OCTOBER 31, 2022

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Why is demand planning important? Is demand planning the same as demand forecasting?

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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.

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ToolsGroup

NOVEMBER 19, 2024

This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels. ToolsGroup’s advanced supply chain planning and optimization suite will be instrumental in refining our inventory management strategy and enhancing our competitive edge.

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SupplyPike

FEBRUARY 5, 2020

What is a demand plan? Demand planning tells you how much inventory you can expect to sell, down to the regional level. Armed with point-of-sales data, knowledge of inventory issues, and accounting for anomalies, you can plan on how much product to manufacture, store in your warehouses, and ship to each region.

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DynaSys

JULY 6, 2021

Demand planning helps ensure deliverability and satisfaction of your customers through a supply chain management process of forecasting and predicting demand. The goal is to find the balance between having sufficient inventory to meet your customer’s needs without having surplus. Why is demand planning important?

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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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Adexa

JULY 26, 2021

Self-Optimizing Algorithm for Demand Planning and Inventory Optimization. Inventory is just an accumulation of costs, until it gets sold and moved out to a customer. So, the basic issue is how to make inventory move or as they say “turn.” The faster it moves the more revenue and less cost.

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The Smart Software

JANUARY 4, 2024

Companies can improve overall efficiency and generate significant financial returns by effectively managing spare parts inventory. This article will explore the economic implications of optimized service parts management and how investing in Inventory Optimization and Demand Planning Software can provide a competitive advantage.

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