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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. Probabilistic demand forecasting, in contrast, provides a full probability distribution, revealing actual purchasing patterns and enabling inventory planners to align stock levels with demand realities.

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Is it too Early For 2022 Predictions?

Logistics Viewpoints

There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.

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Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

Supply chain excellence is easier to say than to explain. Executive teams strive to drive improvement in supply chain results; yet, sadly, only four percent of public companies succeed. Keith was an undisputed leader in building talent to drive manufacturing excellence. The reason? Discontinued in 2011.

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Dancing in the Ring of Fire

Supply Chain Shaman

The ring of fire is corporate politics at the executive level on supply chain performance. Each executive has a different perspective on the definition of supply chain excellence, but they are never discussed and aligned. You may also be facing the same issue. Let me explain. What Is The Ring of Fire?

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Logistics Predictions: How Did We Do in 2022 and What Will 2023 Look Like?

Logistics Viewpoints

import volumes may not be as high as they were at the height of the pandemic; however, if they remain above 2019 numbers, the shift away from West Coast ports persists, the labor situation doesn’t get resolved, carriers continue to use blank sailings and importers will continue to see uneven supply chain performance.

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Congrats to the Winners of the Supply Chains to Admire 2023

Supply Chain Shaman

The companies with the strongest year-over-year performance (placing in the winner’s circle for six more times in ten years) are Apple, L’Oreal, Nike, Paccar, TJX, and TSMC. Supply Chains to Admire Winners 2023 Examine Your Own Paradigm. How Do You Define Excellence? I admit it. Lora was as well. The reason?

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Top Supply Chain Challenges for CPG companies in 2023

Logistics Viewpoints

Autonomous Supply Chains In this competitive environment, a CPG manufacturer needs to fight to get space on retailer shelves in each region, keep those shelves stocked, compete and collaborate simultaneously with e-commerce, and maintain its operating margins.