Logistics Viewpoints

NOVEMBER 4, 2024

Demand planning engines have natural feedback loops that allow the forecast engine to learn. The forecast can be compared to what actually shipped or sold. Since ML began being used in demand forecasting in the early 2000s, ML has helped greatly increase the breadth and depth of forecasting.

Supply Chain Planning Software 287

Supply Chain Planning Software Modeling Optimal Sourcing Supply Chain Design Software 287

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 333

S&OP Supply and Demand Forecasting Supply Chain Design Software 333

Supply Chain Shaman

JANUARY 2, 2023

A large consumer products manufacturer with nine Enterprise Resource Planning (ERP) instances and several divisions wanted to discuss forecasting. The team was not calibrated on the role of forecasting and the basics around process excellence. What Is a Forecast Anyway? A forecast is not a forecast. Bear with me.

Supply and Demand 373

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 373

The Logistics of Logistics

OCTOBER 30, 2023

Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization.

Optimal Sourcing 244

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 244

Logility

JUNE 5, 2024

This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress. Yet, recent research suggests a more advanced approach, Multi-Echelon Inventory Optimization (MEIO), surpasses traditional methods.

Optimal Sourcing 186

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 186

Logistics Viewpoints

JANUARY 18, 2024

1) Streamlined Data Flow and Process Automation Is all about AI At the heart of effective supply chain automation lies the seamless flow of data across various sources and digital platforms, akin to a well-constructed highway for data. outliers, product with active sales but no forecast, sales in an inactive product or customer).

Supply Chain Software 285

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 285

Logistics Viewpoints

FEBRUARY 20, 2024

Assumptions around demand are in the center here because, unlike all other main components, they are the most difficult to forecast. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. This means that pouring resources into better forecasting will not produce the anticipated result.

Sourcing Strategies 266

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 266

Supply Chain Shaman

NOVEMBER 9, 2023

Traditionally, the definition of end-to-end supply chain planning meant: Forecasting based on order or shipment patterns. Forecast consumption into supply planning based on rules (rules-based-consumption). Translation of the demand forecast into planned orders to minimize manufacturing constraints. Is there value?

Optimal Sourcing 349

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 349

Supply Chain Shaman

SEPTEMBER 13, 2023

Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth?

Supply and Demand 385

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 385

ToolsGroup

MAY 16, 2023

These often included: Collaborating more effectively with suppliers: More organizations are embracing a more holistic supply chain strategy by knowledge-sharing with suppliers to align on lead times, forecasts, and buying projections. Probabilistic forecasting continues gaining momentum. Consider adopting decision-centric planning.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

Logility

MAY 18, 2023

How can you use AI to better understand how causal forecasting can help your business? Logility’s own, Chris Mason, shares his opinion and expertise on how business leaders can leverage causal forecasting software to be better prepared for quickly changing demand. For example.

Forecasting 130

Forecasting Forecasting Software Inventory Reduction Modeling 130

ToolsGroup

AUGUST 25, 2022

BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization. Amid continuous disruption and fast-changing consumer demand, inventory agility is crucial.

Optimal Sourcing 222

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 222

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. What is Demand Forecasting?

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

ToolsGroup

APRIL 13, 2020

If you do the math there, you have to make 748,000 inventory decisions per month. So our main task now is to consolidate all the purchase and inventory decisions in one team. Rafael: The main two challenges we’ve had are volume, in our case reduction, and the forecast uncertainty. Decisions were made within 24 hours.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Optimization 296

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Implementation of Sales Forecasting. The focus on sales forecasting started shortly after Y2k. Lack of Focus on Form & Function of Inventory and Designing Network Flows.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Shaman

DECEMBER 7, 2023

Expand the “FLOW” program for logistics information sharing to forecast transportation flow. Source: Supply Chain Insights ASCM defines resilience in the SCM Supply Chain Dictionary as the ability of a supply chain to anticipate, create plans to avoid or mitigate, and to recover from disruptions to supply chain functionality.

Supply Chain Design Software 316

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 316

ToolsGroup

JUNE 15, 2023

We learned about our new world of VUCA – Volatility, Uncertainty, Complexity, Ambiguity That deterministic plans are very traditional and rely on trying to improve the demand forecast and create a plan for the perfect world. With more visibility and predictive forecasting. Probabilistic forecasting continues gaining momentum.

Gartner 293

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 293

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. The collaborative layer is depicted in orange in Figure 1. Makes sense.

Supply Chain Planning Software 343

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 343

Logistics Viewpoints

AUGUST 9, 2022

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

Inventory Management Software 246

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 246

ToolsGroup

JANUARY 16, 2023

In a world of too little, too late, real-time data provides the actionable insights companies need to maximize inventory performance and business profitability. The highly scalable platform processes and analyzes data quickly and applies configuration to provide actionable views of inventory.

ToolsGroup 156

ToolsGroup Real-time Visibility Optimal Sourcing Supply Chain Planning Software 156

ToolsGroup

JUNE 15, 2020

For example, instead of simply stating forecast accuracy improvement as a benefit explain how this will ultimately reduce inventory and working capital and increase service levels. Source: How to Build a Strong Business Case for Your Supply Chain Planning Technology Investment. and/or its affiliates in the U.S.

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Forecasting Software 319

Logistics Viewpoints

FEBRUARY 28, 2022

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. A supply chain planning model learns when the planning application takes an output, like a forecast, observes the accuracy of the output, and then updates its own model so that better outputs will occur in the future.

Optimal Sourcing 304

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 304

Logistics Viewpoints

MARCH 17, 2022

Critical inventory disruptions/deficiency anywhere in the supply chain. The same survey indicates that 50% of the retailers are unhappy with their existing technology solutions and are looking to enhance or replace them to bring more diagnostic and predictive capabilities, including: Current demand vs. forecast analysis and rebalancing.

Supply Chain Planning Software 311

Supply Chain Planning Software Forecasting Software Analytics Software Supply Chain Network Software 311

ToolsGroup

FEBRUARY 19, 2020

Instead of working with the same forecast for a month, you’re empowered to challenge that forecast with the latest sales data and make improvements that boost profits. . Short-term forecast tuning adds up to long-term savings. Make better use of existing inventory in the short-term.

Supply and Demand 218

Supply and Demand Modeling Demand Planning Software Optimal Sourcing 218

Logistics Viewpoints

OCTOBER 17, 2024

Access to Unique Process and Asset Capabilities: Some suppliers offer unique skills, technologies, or processes that are not available in-house or through other sources. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. Nari Viswanathan is Sr.

Manufacturing Procurement 248

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 248

AIMMS

MARCH 30, 2020

Using Demand Forecasting Navigator to Study Demand Trends. There is a strategic incentive in understanding the optimal sourcing location for specific customers, and the optimal sourcing location for different resources. Study 3: Identify Optimal Sourcing Locations . Study 2: Inspect Demand Trends .

Supply Chain Disruption 348

Supply Chain Disruption Supply Chain Design Software Scenario Planning Supply Chain Planning Software 348

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. China was the source of over 90% of PPE.) Instead, use demand sensing technologies to detect patterns with minimal latency into inventory requirements. As a result, evaluate inventory buffers, location of inventories, and the need for push/pull decoupling points. What to do?

Supply Chain Planning Software 440

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 440

Supply Chain Shaman

SEPTEMBER 10, 2020

While many companies attempt to improve the response by being reactive on traditional data sources, this is not the answer. One of Mary’s other competitors is implementing SAP HANA and a packaged order-based forecast technology and is struggling to read the market. In short, today’s supply chain world is a gloppy mess.

Supply Chain Planning Software 409

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 409

Logistics Viewpoints

DECEMBER 14, 2023

Organizations must take the following steps to bring departments together to create truly resilient and sustainable supply chains: Leverage external data to sense market shifts Look to external causal factors and forecasting models to identify market shifts. By identifying these gaps, you can create sourcing events to close them.

Supply Chain Design Software 268

Supply Chain Design Software Optimal Sourcing Modeling Supply Chain Planning Software 268

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. Forecasting beauty products, which are susceptible to a broader sense of what is in or out of fashion, is difficult. Further, forecasting became more difficult.

Supply Chain Design Software 292

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 292

Logistics Viewpoints

MARCH 9, 2023

This is because most classical planning solutions lack the modeling capability and computing power to accommodate different data sources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. each with discrete plans generated typically in sequential batch runs.

Supply Chain Planning Software 233

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 233

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. inventory turns. Ask the group what is possible?

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Logility

JANUARY 18, 2024

Technologies are being designed from the ground up to use AI capabilities to improve forecasts and reveal insights faster than any human could. But it is setting the foundation for a new paradigm that could cut 70% of weekly planning time, 15%–30% fewer forecast errors, and impressively improved inventory outcomes.

Modeling 190

Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Software 190

Logistics Viewpoints

MAY 30, 2022

Then Jabil handles the sourcing and manufacturing of those products. They are sourcing from over 27,000 suppliers. She worked as a production planner, a master planner, a demand planner, and inventory manager, before leading a team of demand planners in 2015. They had over 100 days of inventory on hand.

Supply and Demand 48

Supply and Demand Supply Chain Planning Software Scenario Planning Supply Chain Design Software 48

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

ToolsGroup

MAY 20, 2020

Promotions planning is challenging, but promotions planning software can help alleviate some of the common pain points companies face when they try to improve their forecast accuracy and increase promotions generated revenue. Forecasting promotions can be extremely complex. Forecasting demand isn’t the only challenge.

Supply Chain Planning Software 218

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Supply Chain Software 218

ToolsGroup

FEBRUARY 7, 2021

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. Check out the video below. Or listen and follow on Spotify. Transcript.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295