article thumbnail

Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

The Science of Demand Planning: Improving Forecast Accuracy Consider this example: A traditional forecasting system analyzing tire sales might observe 12 units sold annually and determine an average monthly demand of one tire. However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires.

article thumbnail

Manufacturing ERP Software Comparison: Guide to Buying in 2025

RFgen

Think of it as the central nervous system of your operation, connecting everything from production planning and inventory control to supply chain management and financial reporting. No more disconnected systems or manual data entry a modern manufacturing ERP system puts you in control. Let’s get started.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

Modern ML-powered demand planning systems simplify this by analyzing multiple factors simultaneously – product trends, competitive pricing, market conditions, and social media activity – to uncover patterns in promotional events and quantify their precise effect on sales.

article thumbnail

How to excel in last mile delivery

DELMIA Quintiq

Grocery retailers that want to excel in this space — while protecting their bottom line — need to optimize their logistics planning. They can choose where and when they want their purchases delivered; retailers trying to outdo each other are providing shoppers with flexibility through more delivery options, faster speed and even lower prices.

article thumbnail

Battered by Fierce Winds. Will E2open Survive?

Supply Chain Shaman

This notice of the Rodanthe house purchase by the National Park Service was listed in my news feed above an article that Elliott Management Partners announced a confirmed 13.8% This SPAC improved the management team’s pockets and gave E2open funds for a buying spree. Last night, I could not sleep. The problem? Impact on Market?

article thumbnail

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. The supply chain is a complex non-linear system. Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP. Business leaders are action-oriented and competitive. The reason?

article thumbnail

Organizational Alignment: Overlooked, but So Important.

Supply Chain Shaman

” Followed by “How are you organized, and what defines functional excellence? And, how do you tie functional excellence to corporate value?” Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. This gap grew over the last decade.