Forecasting Manufacturing Procurement Sourcing 
ToolsGroup
JUNE 29, 2020
Adding to this already uphill battle, we don’t have trustworthy new product forecasting methods because forecasting new products with no sales data is very hit-and-miss. Machine learning (ML) provides an effective weapon for your new product forecasting arsenal. Why is new product forecasting important?
ToolsGroup
NOVEMBER 2, 2020
Melitta Sales Europe (MSE) embarked on an initiative to revamp existing planning and forecasting processes to increase efficiency and sustainability. The process brings together all the plans for the business (sales, marketing, development, manufacturing, sourcing, and financial) into one integrated set of plans.”
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ToolsGroup
JUNE 17, 2021
Distribution industry supply chains have always been squeezed between manufacturers and their customers; facing increased competitive threats, escalating SKU counts, and expanding ecommerce. Accurate forecasting of uncertain demand. It goes beyond the “demand forecast number” to the probability of demand in any given time period.
Logistics Viewpoints
MARCH 27, 2023
When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely!
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.
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.
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. Or they may have expertise in manufacturing processes and have flexible capacity to allow contract manufacturing for new product introduction.
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