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

Logistics Viewpoints

DECEMBER 17, 2024

However, as carbon taxes and emissions reporting requirements continue increasing, supply chain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Freight transportation makes up over 10% of total global carbon emissions.

Supply Chain Planning Software 228

Supply Chain Planning Software Procurement Solutions Supply Chain Software Cost Reduction Strategies 228

Logistics Viewpoints

OCTOBER 14, 2024

Solvoyo has a metric they call the user acceptance rate. This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. Forecasting is not an actionable item.” That’s an action.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Planning Scenario Planning Procurement Analytics 228

Logistics Viewpoints

FEBRUARY 15, 2023

Our preliminary findings suggest that supply chain resilience has been increasing in importance over time, but still remains secondary to the end goal embedded in the perfect order metric – the right product, to the right place, at the right time. However, supply chain resilience is more than just a concept to practitioners.

Supply Chain Planning 217

Supply Chain Planning Optimal Sourcing Supply Chain Optimization Supply Chain 217

SYSPRO Smarter ERP

MARCH 15, 2023

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. The misalignment can result in multitude of negative consequences such as high warehousing costs, cash flow difficulties, loss of sales, which can lead to permanent loss of loyal customers.

Forecasting 105

Forecasting Forecasting Software Demand Planning Software Modeling 105

Logistics Viewpoints

OCTOBER 4, 2021

A study by E2open – the 2021 Forecasting and Inventory Benchmark Study: Supply Chain Performance During the Covid-19 Pandemic – provides the answers. Benchmarking the forecasting process is difficult. Forecasting Accuracy Was Terrible . No matter what kind of demand planning solution was used, forecasting accuracy dropped.

Inventory Reduction 240

Inventory Reduction Supply Chain Performance Cost Reduction Strategies Supply and Demand 240

GlobalTranz

JUNE 1, 2018

Warehouse managers face constant pressure to move more products, reduce damage, improve order cycle times, boost employee morale, and more. Legacy systems traditionally used for warehouse management are inefficient in the modern era; even systems in the 5- to 10-year age range. Fewer instances of employee theft.

Supply Chain Design Software 184

Supply Chain Design Software Supply Chain Planning Software Optimization Software Forecasting Software 184

GlobalTranz

AUGUST 31, 2018

The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. More importantly, demand for warehouse space is at an all-time high, and warehousing is still short two million workers. Optimize warehouse design. Even with 5.2 Download White Paper.

Supply Chain Design Software 121

Supply Chain Design Software Warehousing Analytics Software Forecasting Software 121

Logistics Viewpoints

NOVEMBER 11, 2024

For instance, advanced factory scheduling solutions use predictive maintenance inputs, which rely on sensor data to forecast equipment failures. Short-term forecasting relies on POS and other forms of downstream data. Warehouse management systems rely on RF scans of locations and products. Don’t recalculate the forecast.

Supply Chain Planning Software 240

Supply Chain Planning Software Modeling Software Analytics Software Forecasting Software 240

Supply Chain Opz

JANUARY 7, 2013

For other distribution channels such as retail stores, direct sales and other distributors, Apple Inc will keep products at Elk Grove, California (where central warehouse and call center are located) and supply products from there. Supply chain professionals also use this metric in inventory management function. Inventory Turnover.

Case Study 279

Case Study Study Negotiating Skills Supply Chain Planning Software 279

Demand Solutions

DECEMBER 30, 2014

Relatively few companies have adequate measures of order fill rates or forecast accuracy. Make it your New Year’s resolution to start using this more granular metric. When an item is out of stock in their Massachusetts warehouse, they’ll overnight it from their Texas warehouse just to make sure they fill the order.

Forecasting 190

Forecasting Supply Chain Planning Supply and Demand Scenario Planning 190

QAD

JUNE 25, 2019

Managing inventory effectively is a delicate balancing act, affected by lead times, supply chain efficiency , demand variability, product complexity, product life cycles, warehouse space and practices, among other variables. Using Metrics to Measure the Health of the Business. Tracking, Managing, and Choosing Metrics.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

Logility

MAY 22, 2020

The obvious danger of this is that business rules and data governance often don’t exist from department to department or user to user, leaving an overall picture into the health of the business that is foggy because KPIs and metrics do not correlate across the organization. A great example of this comes from a Logility customer.

Analytics Software 148

Analytics Software Metrics Supply Chain Design Software Supply Chain Software 148

DELMIA Quintiq

JUNE 21, 2021

Warehouse management is no longer the static element in the supply chain, but an area that’s ready for smart transformation. This makes warehouse digital transformation a reality in order to sustain business and thrive amidst increasing competition and market pressures. billion in 2020 and is projected to reach USD $14.18

Inventory Management Software 156

Inventory Management Software Optimization Software Supply Chain Planning Software Supply Chain Software 156

Supply Chain Shaman

DECEMBER 23, 2014

Cloud-based logistics and warehouse management are combining with B2B networks to enable multi-tier fulfillment. Aggressively design and test products online and then bring the data into your forecasting tools to predict sales of new products by channel. I would build my own warehouses or very carefully pick a 3PL partner.

Packaging 290

Packaging Inventory Reduction Supply Chain Design Software San Francisco 290

Logistics Viewpoints

JUNE 19, 2023

However, AI’s inability to solve the very limited problem of ensuring that inventory is located in the right place in a warehouse suggests that planners don’t have to worry too much about job security. It also suggests that the total value delivered by AI will be more limited than consultants from McKinsey are forecasting.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Optimization Software 252

Logistics Viewpoints

MARCH 31, 2022

For logistics teams seeking to manage volatility and deliver more predictable, profitable results, five advanced technologies should be in their toolkits: digital control towers, warehouse task automation, warehouse robotics, dynamic price discovery and digital freight bidding. Warehouse Task Automation. Warehouse Robotics.

Logistics Network Optimization Software 226

Logistics Network Optimization Software Supply Chain Planning Software Predictive Analytics Software Supply Chain Network Software 226

Supply Chain Shaman

OCTOBER 8, 2019

The design of the conference includes tours of several modern warehouses and centers of excellence. The budget is not sufficient and is often a detrimental input for supply chain forecasting. Why Is the Financial Forecast Not a Good Proxy for a Supply Chain Forecast? The supply chain forecast is a rolling forecast.

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

Logistics Viewpoints

FEBRUARY 21, 2022

A network design model figures out where factories and warehouses should be located. The key solutions are demand forecasting/inventory optimization, supply planning, and network design. IBP seeks to balance the demand forecast with what can be made in the most profitable manner. This would be a three-way tradeoff.

Supply Chain Planning Software 280

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 280

Supply Chain Shaman

AUGUST 7, 2019

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. Determine Forecastability and Forecast Value Added (FVA). Executives will ask, “What is a good target for forecast error?”

Supply Chain Design Software 253

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

RFgen

DECEMBER 19, 2024

In the age of same-day delivery and rising consumer expectations, there is immense pressure on warehouses to perform at peak efficiency. That’s where warehouse optimization comes in. Here’s what you can expect: A clear definition of warehouse optimization and its core components. Ready to get started?

Optimal Sourcing 77

Optimal Sourcing Optimization Software Waste Reduction Inventory Reduction 77

Unleashed

MARCH 9, 2021

That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Procurement metrics and KPIs allow organisations to measure results and guide best practice performance. In this post, we’ll unpack ten top procurement metrics and why they matter. Warehouse space utilisation. Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logility

AUGUST 25, 2020

Poorly implemented demand planning software mis-forecasts demand for branded sneakers. Demand planning systems unable to forecast demand-slowing associated with economic meltdown. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. The common thread?

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

GlobalTranz

NOVEMBER 8, 2018

Data Analysis Enhances E-Commerce Forecasts and More Take a moment to consider what goes into managing e-commerce fulfillment. Warehouse Managers and logistics services providers need to have an estimate of the projected demand for all given times. Get Your Free White Paper Today. Download Here. Order picking accuracy. Label accuracy.

Analysis 151

Analysis Data Forecasting Software Forecasting 151

Logistics Viewpoints

MARCH 9, 2023

Concurrent Optimization for Lower Total Cost to Serve Traditional planning systems operate within the scope of classical silo definitions: demand forecasting, inventory optimization, replenishment planning, production planning, materials planning, transportation planning, order fulfillment, etc.,

Supply Chain Planning Software 218

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 218

Unleashed

DECEMBER 11, 2022

Efficient warehousing is all about knowing what’s working, what’s failing, and what can be improved. When you measure and analyse the right warehouse KPIs, you can make better-informed business decisions based on real data. That’s why, with so many possible variables to track, it’s critical to know which metrics matter most.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

Supply Chain Shaman

NOVEMBER 15, 2021

Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. Align on the role of the budget and forecast and get clear on the role of each in this world of variability.

Supply Chain Design Software 285

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 285

Logistics Viewpoints

DECEMBER 14, 2021

I have to forecast my avocado sales, including seasonal patterns and promotional effects. Crowdsourcing of Drivers and Rider Forecasting. They can optimize courier and order matching, increase visibility, and track important metrics such as order lead time, OTIF, courier performance, and customer satisfaction.

Supply Chain Planning Software 212

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 212

ToolsGroup

JANUARY 22, 2020

Sales might have promised better sales, a buyer might have been stung in the past by an out-of-stock and over compensated, a miss-ship of the vendor might have happened and the warehouse didn’t notify the planner, or consumer behavior might have changed and wasn’t noticed until the days of supply threshold was crossed on a BI report.

Optimization Software 199

Optimization Software Inventory Reduction Forecasting Software Supply Chain Planning Software 199

Logistics Viewpoints

DECEMBER 18, 2024

Renewable Energy for Facilities: Warehouses and distribution centers can integrate solar panels and wind turbines to lower energy costs and carbon footprints. AI-powered warehouse management improves inventory flow and reduces waste. Facilities powered by renewable energy also attract environmentally conscious clients and stakeholders.

Optimal Sourcing 193

Optimal Sourcing Material Savings Supply Chain Design Software Supply Chain Planning Software 193

Supply Chain Opz

JUNE 1, 2014

Forecasting and new product introduction has always been the issues for many FMCG companies, P&G is no exception. The result is that the forecast accuracy is improved because a demand planner has an additional source data to make a better decision. . Another 80% of orders are handled by both warehouse and cross dock system.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Logistics Viewpoints

MARCH 4, 2021

It includes all of its elements: customers, sales channels, products, warehouses, logistics network, and the interactions between them. Customer Satisfaction scores side by side with the service level and availability metrics. Attribute-based forecasting when introducing new products. Having dynamic safety-stock calculations.

Supply Chain Planning Software 273

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 273

Supply Chain Shaman

FEBRUARY 14, 2022

Tight coupling of the supply chain forecast to the financial forecast will improve value. Organizations can align to drive value despite the allegiance to functional metrics. Even when I proved that the process was degrading the forecast by 35-60%, companies still clung to a wrong number. Don’t believe me?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. Markets drive supply chains.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Logistics Viewpoints

FEBRUARY 29, 2024

Meanwhile SAP jumped to an all-time high based on a bullish forecast of double-digit growth in cloud revenue. As it turns out, there are a certain number of “scheduling use cases” that require a warehouse manager to leave our system and work within another vendor’s app. Metrics are critical as well. Emphasis mine.)

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Design Software Resource Reduction Analytics Software 261

Logistics Viewpoints

FEBRUARY 2, 2023

How 3PLs Can Gain Visibility and a Competitive Advantage Offering Automated Billing and a Self-Service Interactive Customer Portal It’s hard to imagine a third-party logistics (3PL) business today operating without some form of a warehouse management system ( WMS ) connecting the digital dots. To learn more, visit Open Sky Group today.

Supply Chain Planning Software 220

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 220

Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81