ToolsGroup

JULY 10, 2018

The days of simply using statistical methods to forecast future demand using past sales history are fading. Computing power and storage capacity have grown exponentially, while the cost of both have plummeted. More and better data has turned demand analytics into mainstream reality. Demand Planning.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

Logistics Viewpoints

OCTOBER 12, 2023

Lower-income consumers and those using food assistance programs care the most about food waste as a purchase driver—again, suggesting it is a response to higher prices.” The same “If” statement was repeated for a host of financial and operational metrics.

Supply Chain Design Software 247

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

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Planning platforms can pull data from multiple internal and external data sources.

Supply Chain Planning Software 274

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 274

Kinaxis

DECEMBER 12, 2017

When making discretionary purchases, I could look at my projection to make sure that if I made that purchase, I would have enough money in the bank, not only now, but at the end of the month when my mortgage and car loan came out. Traditional supply chain planning systems have rudimentary scenario support — at best.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Supply Chain Planning 193

Supply Chain Shaman

AUGUST 12, 2024

Let’s face it our historic practices for demand planning create waste in a more variable world. It might be a change in modeling technique (like an attribute-based model), shifting the bottoms-up and tops-down forecasting approach (forecasting at a different place in the hierarchy), or the use of channel data.

Waste Reduction 195

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 195

Logility

AUGUST 14, 2023

Transactional and customer-facing data, such as transportation data and manufacturing and purchase orders, are important for generating demand signals and calculating demand variability. Setting goals without understanding what data is available and required risks sending the project and its metrics off course.

Supply Chain Planning Software 200

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Procurement Solutions 200

Logistics Bureau

OCTOBER 11, 2024

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.

Manufacturing Procurement 93

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 93

Supply Chain Shaman

JULY 30, 2022

Here I want to address the question, “Why is the focus on the basics of supply chain a barrier to adopting new forms of analytics and supply chain processes? ” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.).

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

ToolsGroup

MARCH 3, 2022

Science Direct ) Predictive demand analytics gives retailers the visibility they need to proactively adjust planning, allocation and replenishment decisions based on when, where, and how much changes in the weather will influence purchasing. How to Use Weather Analytics in Retail Forecasting.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

Traditional S&OP planning often deals with product families or wide-ranging product categories and though providing valuable data, this process delivers results at an aggregate or macro level. In SIOP, accountability is a huge part of achieving desired outcomes, improving monthly metrics and satisfying the customer needs.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

Logility

APRIL 2, 2020

More advanced ones can structure and clean the data before dumping it into a format for reporting. 3 Get the metrics right. Supplier metrics should be captured about monthly. Building a new supplier scorecard program can have a major impact on the costs and value of your procurement and purchasing functions.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Logistics Viewpoints

JUNE 1, 2023

This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases. They are more likely to shop for discounts and sales and may delay purchases of some items. Digital Transformation and Autonomous Planning in Supply Chain In 2023, fast decision-making is crucial.

Supply Chain Planning Software 203

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 203

Logility

FEBRUARY 26, 2020

Accurate forecasts help minimize inventory, maximize production efficiency, streamline purchasing, optimize distribution, maximize customer service, ensure confidence in company financial projections. Data is everywhere and the availability of data that can be used to enhance demand forecasts continues to grow exponentially.

Forecasting 162

Forecasting Forecasting Software Optimal Sourcing Supply and Demand 162

Logistics Viewpoints

SEPTEMBER 20, 2022

We need planning platforms to keep up with all the changes. This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations.

Supply Chain Planning Software 209

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 209

ToolsGroup

JULY 10, 2018

The days of simply using statistical methods to forecast future demand using past sales history are fading. Computing power and storage capacity have grown exponentially, while the cost of both have plummeted. More and better data has turned demand analytics into mainstream reality. Demand Planning.

Supply and Demand 120

Supply and Demand Demand Planning Software Forecasting Forecasting Software 120

Unleashed

APRIL 18, 2023

The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

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?

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Unleashed

JULY 2, 2024

Efficient purchasing is conducive to healthy cash flow. The more effective your purchasing processes, the more profitable your business becomes. In this guide we explore the process of purchase order management, its role in a wider supply chain management strategy , and the best practices for optimised purchasing workflows.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Purchasing Skills Pricing Training 52

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

BlueYonder

NOVEMBER 19, 2021

Assortments are increasingly built to address customer need and ensure a pleasant customer experience — the product exists where the shopper wants to purchase it — but there is more to it than just providing a satisfying retail experience. A Better Model Is Built Around Smarter Customer Connections. The customer is not the focus.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Design Software 120

ToolsGroup

SEPTEMBER 22, 2020

Surveys have shown that consumers are 71% more likely to make a purchase based on social media referrals, and 47% of millennials’ purchases are influenced by social media1. That means there are many companies out there struggling to make sense of constantly shifting demand data and to make smart inventory optimization decisions.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Planning Software Supply Chain Design Software 156

ShipBob

OCTOBER 24, 2022

Demand forecasting helps reduce risks and make efficient financial decisions that impact profit margins, cash flow, allocation of resources, opportunities for expansion, inventory accounting , operating costs, staffing, and overall spend. All strategic and operational plans are formulated around forecasting demand.

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

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

ThroughPut

AUGUST 24, 2021

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 new-age demand sensing to solve modern problems?

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Logility

APRIL 23, 2020

So, the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. Answering the questions that the business has may require gathering additional data, purchasing data from third parties, or reformatting existing data sources. Model building.

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

Supply Chain Game Changer

JULY 21, 2021

Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. Procurement Cost. Product Management KPIs! Get Our EBOOK HERE. Inventory Turnover (Cash). Cash to Cash Cycle Time (Cash).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

Logility

JANUARY 16, 2018

This is especially true for those that work in and manage the demand planning process. Sometimes demand planners focus too much on forecast accuracy and miss seeing the forest for the trees. This sounds a lot like the definition for demand planning to me.

Supply and Demand 102

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software 102

Logistics Bureau

OCTOBER 12, 2024

For those procurement or Supply Chain executives in suitable organizations, there is an increasing number of uncertainties to manage, especially in today’s tough economic environment. Procurement consultants like ourselves are required to be highly creative and innovative to resolve the business issues across a broader management disciplines.

Cost Reduction Strategies 52

Cost Reduction Strategies Procurement Analytics Optimal Sourcing Procurement 52

ThroughPut

JULY 6, 2021

Thriving In ‘The New Normal’ With 5 Demand Planning & Forecasting Methods. Do you remember the time when the COVID-19 pandemic lockdowns were announced across the world, followed by the panic purchase of essentials to the point where supermarkets and grocery stores were left with empty shelves?

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

Supply Chain Shaman

OCTOBER 8, 2017

” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” I do believe in demand planning, but most companies overstate forecast improvements. Many companies implemented demand management processes as a technology project. Everyone has a bias.

Supply and Demand 157

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 157

SupplyPike

APRIL 10, 2020

Learn how to: Keep your logistics on time and prepared Maintain your replenishment goals Properly forecast and redefine your demand plan Use technology to help. Shortages, extreme demand, and panic buying are causing issues up and down supply chains. Many suppliers are seeing the COVID-19 pandemic as a “black swan” event.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 98

Supply Chain Shaman

APRIL 15, 2015

There is greater satisfaction with demand planning than supply. The fit of the data model to adequately reflect a feasible plan drives success. This requires an industry-specific data model. This week, I am finishing two reports: Sales and Operations Planning, and Inventory Optimization.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 150

Supply Chain Shaman

AUGUST 26, 2015

Many organizations will play the shell game of reporting forecast error so that the numbers look better: either calculating the forecast at a higher level in the forecast hierarchy (not at the item level) or reporting the data as a Weighted Mean Absolute Error. Focus on Sensing using Independent Demand.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Logility

AUGUST 23, 2016

Most likely the company will still need to forecast raw materials, purchased components, and/or sub-assemblies to be able to meet customer demand. Another significant challenge is in finding and retaining demand planning expertise. Dynamic Models. Supply Chain Talent. Spreadsheet Sabotage.

Forecasting 100

Forecasting Forecasting Software Supply and Demand Inventory Reduction 100

Supply Chain Shaman

SEPTEMBER 3, 2015

Cycle stock is the most effectively managed through the successful implementation of production planning. Cycle stock is the management of stock required to cycle through production runs and procurement buys effectively. This planning technology is tricky to implement and many of the technologies are not up to the task.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

MAY 30, 2017

I miss the days of Walter Cronkite reporting the news. Stuck without a flight on Memorial Day weekend, I succumbed to a two-hour call with the American Platinum frequent-flyers desk to work out an alternate plan. Here are some insights from my work week: Too Few Understand Demand Planning. I loved the news.

San Francisco 152

San Francisco Supply Chain Planning Software Forecasting Software San Jose 152

Supply Chain Shaman

DECEMBER 17, 2018

Shell operates as a single-instance of SAP Enterprise Resource Planning (ERP). Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. However, the goal of having a single integrated ERP system with the embedded functionality and modules was never achieved. The reason?

Demand Planning Software 254

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 254