Logility

NOVEMBER 13, 2020

You can be proactive and use c ausal f orecasting to leverage data you already own, model additional data sources that could help explain demand variability… or do nothing. . First, what it’s not is a replacement for demand forecasting. What Exactly Is Causal Forecasting? . Some Things to Bear in Mind .

Forecasting 246

Forecasting Forecasting Software Supply Chain Planning Software Price Reduction 246

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.”

Supply and Demand 98

Supply and Demand Demand Planning Supply Chain Planning Scenario Planning 98

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. By consolidating data sources and providing a user-friendly interface, it enhances overall efficiency and accuracy.

Supply and Demand 116

Supply and Demand Modeling Supply Chain Planning Software Scenario Planning 116

ToolsGroup

SEPTEMBER 23, 2022

BOSTON (September 23, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a Leader in the IDC MarketScape: Worldwide Inventory Optimization 2022 Vendor Assessment. . About ToolsGroup.

Optimal Sourcing 31

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 31

ToolsGroup

DECEMBER 16, 2019

BOSTON (December 13, 2019) ToolsGroup, a leader a global leader in supply chain planning software, has been named a leader in the IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment. Supply chain planning automation is all about making better, faster decisions and freeing up working capital.”

Optimal Sourcing 31

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 31

Logistics Viewpoints

NOVEMBER 4, 2024

Demand planning engines have natural feedback loops that allow the forecast engine to learn. Since ML began being used in demand forecasting in the early 2000s, ML has helped greatly increase the breadth and depth of forecasting. Drones use this form of AI to improve inventory accuracy in a warehouse.

Supply Chain Planning Software 270

Supply Chain Planning Software Modeling Optimal Sourcing Supply Chain Design Software 270

Logility

DECEMBER 16, 2024

Balancing forecast accuracy with inventory management gets more challenging every day. A New Era of Demand Planning White Paper Learn more about these new demand models in this whitepaper. Customer behavior: Real-time insights into customer orders, inventory levels, and distribution channels clarify short-term demand.

Supply and Demand 192

Supply and Demand Modeling Demand Planning Software Supply Chain Planning Software 192

Logistics Viewpoints

MAY 30, 2022

Then Jabil handles the sourcing and manufacturing of those products. Tymon’s contribution to Jabil’s offerings is a service line known as ‘planning-as-a-service.’. They are sourcing from over 27,000 suppliers. In winning the business, Jabil had committed themselves to being able to turn inventory 12 times a year.

Supply and Demand 44

Supply and Demand Supply Chain Planning Software Scenario Planning Supply Chain Design Software 44

Logility

FEBRUARY 13, 2020

Studies have shown that, on average, demand sensing reduces forecast error by up to 50%, increases inventory accuracy by up to 20% and optimally deploys downstream inventory. The typical performance of demand sensing reduces near-term forecast error by 30% or more compared to traditional time-series forecasting techniques.

Supply and Demand 173

Supply and Demand Optimal Sourcing Forecasting Inventory Reduction 173

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. Holistic design of the form and function of inventory with a focus on setting inventory targets for each flow.

S&OP 332

S&OP Supply and Demand Forecasting Supply Chain Design Software 332

Supply Chain Shaman

MAY 26, 2023

Or a unified data model across source, make, and deliver for planning? TMS and DRP have little in common, and revenue management operates isolated from demand planning.) o9 and OMP are currently testing the building of outside-in processes to visualize demand flow and drive insights. Why is this needed?

Optimal Sourcing 341

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 341

ToolsGroup

JUNE 17, 2021

If you have the data available, you can assess correlation with external causals for an even sharper picture of shifts in demand. Right-sizing inventory. Avoiding inventory overages and shortages begins with a better forecast, but also requires a smarter inventory strategy. Better visibility of supply requirements.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 283

Kinaxis

AUGUST 18, 2014

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Sure, we’re concerned, and in some cases stocking more inventory at local distribution centers. Some people call this “Big Data”.

Modeling 263

Modeling Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning 263

ToolsGroup

MAY 1, 2018

Using the Gartner Demand Planning five stage maturity scale, analyst Mike Griswold estimated on a recent call that retailers as a group averaged just 2.3 leaving money on the table due to poor inventory performance. Additionally, they invest in technologies that combine inputs from various internal sources into the forecast.

Gartner 180

Gartner Supply and Demand Forecasting Optimal Sourcing 180

Logility

NOVEMBER 19, 2021

Br idge the gap between marketing activity and inventory management with a better understanding of the impact of pricing and promotion on inventory. Users can leverage the technology to understand the impact of pricing and promotion on demand (the ‘lift’) and take action to ensure inventory positions are sufficient.

Modeling 130

Modeling Forecasting Software Supply Chain Planning Software Supply Chain Design Software 130

ivalua

FEBRUARY 25, 2021

For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . Demand planning capabilities. Demand planning is the ability to create forecasts that predict the future need for your products.

Supply Chain Planning Software 221

Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software Supply Chain Software 221

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

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. It’s fair to say that your information is likely not unified in one system offering a single source of truth.

Supply and Demand 52

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

Supply Chain Shaman

JUNE 3, 2024

Outside-in Planning Taxonomy When testing planning effectiveness through Forecast Value-Added Analysis (FVA), Inventory Health, or Schedule Adherence, I find that for most clients that I work with, that their plans lack both feasibility and reliability. Future for Probabilistic Planning? Makes sense.

Supply Chain Planning Software 341

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 341

Logistics Viewpoints

OCTOBER 12, 2023

The following will delve into some of the intricate farm-to-table challenges that supply chains face across sourcing, demand planning, procurement and inventory management, transportation, and warehousing. Sourcing is not only from traditional farms but also from controlled environment agriculture (e.g.,

Supply Chain Design Software 247

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 247

Supply Chain Shaman

NOVEMBER 10, 2013

The work done by Terra Technology, in my opinion, is one of two accurate sources of benchmark data on forecasting in the industry. The other is Chainalytics demand benchmarking. Demand planning processes lack standardization and self-reported data is suspect. Get serious about demand modeling. Focus Outside-in.

Supply and Demand 233

Supply and Demand Forecasting Forecasting Software Modeling Software 233

Supply Chain Shaman

DECEMBER 7, 2023

The ability of an organization to deliver reliable and consistent results for revenue, margin, customer service, and quality in the face of demand and supply variability. I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. Let me give you an example.

Supply Chain Design Software 315

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 315

Supply Chain Shaman

NOVEMBER 9, 2023

Translation of the demand forecast into planned orders to minimize manufacturing constraints. Use of optimization to consume planned orders into manufacturing scheduling and distribution requirements planning (including inventory optimization of safety stock). Be careful about the gaps.

Optimal Sourcing 348

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 348

ToolsGroup

JULY 11, 2019

According to Inbound Logistics , there are three main sources of supply chain complexity: meeting the needs of customers, globalization, and internal pressures. It also needed to support inventory optimization and replenishment and factor in high-level production constraints and varying calendars through the network.

Supply Chain Planning Software 223

Supply Chain Planning Software Optimal Sourcing Forecasting Software Optimization Software 223

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Types of Seasonal Demand.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

ToolsGroup

AUGUST 20, 2019

Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. versus $4.84 per $1000 of revenue).

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

Supply Chain Shaman

APRIL 30, 2020

The companies are just not good at managing inventories and orchestrating distribution strategies. The industry planning team expertise lags the consumer goods, and hi-tech industries. They are seldom cross-functional to optimize source, make, and deliver together. New Problems Require New Solutions. Design agile supply chains.

Supply Chain Design Software 355

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Software 355

Supply Chain Shaman

SEPTEMBER 10, 2020

Similarly, demand planning based on order history is not equal to the challenge. While many companies attempt to improve the response by being reactive on traditional data sources, this is not the answer. (DDMRP is based on the use of math to determine material buffer strategies based on order patterns. What To Do?

Supply Chain Planning Software 407

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 407

Logistics Viewpoints

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. We call this closed-loop automation synchronized planning.

Supply Chain Planning Software 235

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 235

ToolsGroup

MAY 14, 2019

A key factor was Optilon’s ability to integrate best-of-breed solutions for production planning, demand forecasting, inventory optimization, and replenishment into a seamless process. Absolut also has a better overview of the bottlenecks and they can keep a higher deliverability when their inventories are temporarily low.

Optimal Sourcing 120

Optimal Sourcing Inventory Reduction Modeling Supply Chain Planning Software 120

Logistics Viewpoints

APRIL 3, 2023

This is combined with data from external sources on weather, logistics lead times, and sustainability performance. They are designed to have minimal impact on the performance of the underlying source systems. If there is not enough inventory to meet the demands of all the customers, which customers does a company prioritize?

Supply Chain Planning Software 270

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 270

ToolsGroup

APRIL 11, 2018

Jörg Schlager describing SKF's Integrated Planning (Source: Optilon). At last week’s TG18 ToolsGroup user event , global bearing manufacturer SKF laid out an impressive review of their transformation to “ Integrated Planning ”. This prodded SKF to a new demand chain vision. Figure 1 Source: SKF.

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 222

ToolsGroup

JANUARY 6, 2022

To all of my supply chain, demand planning, and forecasting friends who found the year challenging (if not traumatic), rest assured: You were not alone then – and you’re not alone now. Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 290

Logility

JULY 9, 2021

When it comes to our vision for digital supply chain twins, advanced analytics, and alignment of planning decisions, Logility is given high praise. Additionally, our customers can optimize their inventory based on size, pack, style, and color with dynamic assortment capabilities.

Supply Chain Planning Software 205

Supply Chain Planning Software Supply and Demand Supply Chain Software Optimal Sourcing 205

Logility

AUGUST 31, 2022

It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Disruption Optimal Sourcing Inventory Reduction 130

Logility

DECEMBER 15, 2023

This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demand planning. Staying competitive in this intense landscape demands finely tuned operations that are highly efficient and effective – from product concept to customer consumption.

Optimal Sourcing 174

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 174