Logility

JUNE 23, 2023

That’s precisely what demand forecasting feels like for many businesses today. Enter causal forecasting. Unfortunately, many companies hesitate to use causal forecasting, thinking it’s too complicated or resource-hungry. What is Causal Forecasting? That’s where causal forecasting comes into play.

Forecasting 190

Forecasting Forecasting Software Modeling Predictive Analytics Software 190

Logistics Viewpoints

MAY 23, 2024

However, the lag in the Sales and Operations Planning (S&OP) cycle exacerbates issues like inaccurate forecasting, reduced agility, higher error rates, increased costs, limited scenario planning, and sustainability challenges, ultimately undermining supply chain performance and eroding executive confidence in the supply chain as a value driver.

Modeling 219

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Optimization 219

Logility

APRIL 3, 2024

Once you’ve created a digital twin of your physical supply chain, you can manipulate and experiment with the data. You can then take it a step further with multi-echelon inventory optimization (MEIO), which provides visibility to everything from raw materials, to finished goods.

Supply Chain Optimization 165

Supply Chain Optimization Inventory Reduction Optimization Software Supply Chain Planning Software 165

ToolsGroup

FEBRUARY 2, 2022

The problem I’m describing is the urgent need to build a robust, global, end-to-end supply chain infrastructure. What happened to the supply chain in 2021? Before I dig into what I mean by that let’s reflect on 2021 supply chain challenges. We have the power to solve our recurring supply chain crisis now.

Supply Chain Planning Software 177

Supply Chain Planning Software Forecasting Software Forecasting Optimization Software 177

Arkieva

SEPTEMBER 14, 2021

A successful demand planning process accurately forecasts demand and revenue streams, and subsequently drives the next steps in the S&OP process which are Inventory, Supply Planning, and Optimization. Automated Forecasting was first posted on September 14, 2021 at 8:38 am.

Forecasting 158

Forecasting Supply Chain Software Supply and Demand S&OP 158

ToolsGroup

NOVEMBER 2, 2020

When the COVID-19 outbreak began, the company quickly transitioned into face mask production, supplying hospitals and healthcare facilities with millions of units of coffee-filter-shaped PPE. Melitta Sales Europe (MSE) embarked on an initiative to revamp existing planning and forecasting processes to increase efficiency and sustainability.

Forecasting 287

Forecasting Forecasting Software Optimal Sourcing S&OP 287

ThroughPut

APRIL 30, 2024

In the ever-evolving landscape of global commerce, businesses face a significant challenge: the pain of inaccurate forecasts and the relentless pace of market conditions. The agitation stems from the financial loss and operational inefficiencies accompanying these inaccurate forecasts. AI in supply chain forecasting is a game-changer.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

Supply Chain Shaman

NOVEMBER 15, 2023

Supply management. Supply chain management. Supply chain planning. The essence of the question is resilience and the ability to forecast in a variable market reliably. This gets us to the question of what is the role of the forecast?` Are these terms the same? The answer is no. The trend is clear.

Supply Chain Planning Software 401

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 401

ThroughPut

APRIL 15, 2024

In the ever-evolving landscape of global commerce, businesses face a significant challenge: the pain of inaccurate forecasts and the relentless pace of market conditions. The agitation stems from the financial loss and operational inefficiencies accompanying these inaccurate forecasts. AI in supply chain forecasting is a game-changer.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

QAD

APRIL 10, 2024

In today’s era of digital transformation, technology is imperative to mitigate the bullwhip effect within the supply chain. The bullwhip effect illustrates how minor shifts in consumer demand for a product magnify upstream in the supply chain. However, ensuring the quality of a forecast is not an easy task.

Optimal Sourcing 52

Optimal Sourcing Forecasting Supply and Demand Forecasting Software 52

Logility

APRIL 21, 2023

In many cases, supply chain surprises manifest from poor visibility. Supply chains have always been vulnerable to economic turbulence, industry changes, and operational shortfalls. The value add of that level of forecast accuracy improvement justifies the move toward modern algorithms and AI.

Forecasting 130

Forecasting Forecasting Software Supply Chain Planning Software Big Data 130

Logility

JUNE 2, 2023

In the intricate world of supply chain management, the accuracy of demand forecasting often serves as the cornerstone of business growth. Yet, despite its significance, demand forecasting continues to be a thorny issue for many businesses, particularly manufacturers. What is Demand Forecasting Accuracy?

Forecasting 130

Forecasting Modeling Forecasting Software Supply and Demand 130

ThroughPut

AUGUST 22, 2024

Demand Forecasting Challenges In today’s increasingly unpredictable and aggressively competitive markets, Church Brothers Farms was looking to consistently deliver more value in the face of steadily dwindling resources – budgets, labor, time, assets, and weather – while continuing to drive shareholder value.

Optimal Sourcing 52

Optimal Sourcing Forecasting Modeling Forecasting Software 52

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. Better visibility of supply requirements. Right-sizing inventory.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

Supply Chain Shaman

DECEMBER 7, 2023

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Background The Council of Supply Chain Resilience met for the first time this month. What is supply chain resilience? The reason?

Supply Chain Design Software 319

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 319

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

Arkieva

AUGUST 12, 2020

Learn the importance of advanced optimization for statistics (AOS) even for simple methods such as exponential smoothing and the importance of community intelligence. Machine Learning: Optimization and Community Intelligence – A Wiser Forecasting was first posted on August 12, 2020 at 7:41 am.

Forecasting 167

Forecasting Supply Chain Optimization Price Mitigation Strategies Supply and Demand 167

ToolsGroup

NOVEMBER 13, 2023

BOSTON and LONDON – November 14, 2023 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named the technology leader in the SPARK Matrix™ analysis of Retail Forecasting and Replenishment (RF&F) by Quadrant Knowledge Solutions (QKS).

Forecasting 156

Forecasting ToolsGroup Forecasting Software Supply Chain Planning Software 156

Logility

JANUARY 12, 2024

Navigating the $5 trillion North American apparel market requires precision, especially when dealing with the intricate complexities of forecasting and inventory management. The Apparel Industry’s Forecasting Maze Mastering the art of forecasting is critical in the apparel industry.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

ToolsGroup

OCTOBER 14, 2020

Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. The tool is designed to help businesses grow by moving beyond spreadsheet-based forecasting and trial-and-error inventory management. Reduce investment in stock.

Forecasting Software 156

Forecasting Software Forecasting Supply Chain Planning Software Supply Chain Design Software 156

Logility

JULY 30, 2024

Continuous network optimization recognizes that supply chains are complex organisms. Continuous network optimization creates an environment where supply chain planning operates at the next level. That’s where continuous network optimization comes into the picture.

Network Optimization Software 198

Network Optimization Software Network Optimization Modeling Supply Chain Network Software 198

Logility

APRIL 21, 2020

In the world of commerce, every business ecosystem has a type of supply chain that is critical to corporate operations.These supply chains rely on a network of plants and facilities to add value to, and transform, raw materials into a final product. Supply chain leaders are on a quest for a more precise estimate.

Forecasting 157

Forecasting Optimal Sourcing Forecasting Software Modeling 157

Arkieva

FEBRUARY 18, 2020

In a recent blog on Inventory Forecasting the core challenges and business importance of estimating inventory are outlined. A projected inventory position across time (plan) is a natural co-product of most central or master planning models that match assets with the demand to create a projected supply line linked to demand.

Forecasting 139

Forecasting Modeling Optimization Modeling Supply Chain Optimization 139

Logility

JULY 30, 2024

Continuous network optimization recognizes that supply chains are complex organisms. Continuous network optimization creates an environment where supply chain planning operates at the next level. That’s where continuous network optimization comes into the picture.

Network Optimization Software 183

Network Optimization Software Network Optimization Modeling Supply Chain Network Software 183

Logility

JUNE 5, 2024

Modern supply chains are far from linear. 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. Such complexity drives demand volatility.

Optimal Sourcing 185

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 185

ToolsGroup

MARCH 16, 2023

We knew we could maintain and raise this level of service, limit waste, and improve profitability by adopting a solution that applies this innovative drive to our planning processes, streamlines collaboration, and increases forecast accuracy.” What makes ToolsGroup’s forecasting approach the most accurate?

Supply and Demand 156

Supply and Demand Forecasting Software Forecasting Supply Chain Planning Software 156

ToolsGroup

MARCH 3, 2022

Despite knowing all this, too many retailers ignore the impact of weather and this adds error to plans and demand forecasts. And even though meteorology has come a long way, weather is a notoriously fickle and uncontrollable factor, and no forecaster can reliably predict it beyond the next few weeks. It all evens out in the end.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Logistics Viewpoints

AUGUST 1, 2024

According to Bloomberg , the coffee supply chain is struggling with constrained supply and increase in prices is inevitable. Traditional, linear supply chains struggle to adapt. This article explores how adaptive supply chains can help businesses thrive.

Modeling 248

Modeling Network Optimization Supply Chain Design Software Material Savings 248

QAD

JULY 6, 2023

Supply chain planning is a key component of digital supply chain management. It involves the process of identifying, sourcing, and allocating resources to create a product or service with a goal of better balancing supply chain demand. How does AI affect supply chain planning?

Forecasting 98

Forecasting Supply Chain Planning Software Supply Chain Planning Forecasting Software 98

The Smart Software

JULY 22, 2024

Forecast-based inventory management, or MRP (Material Requirements Planning) logic, is a forward-planning method that helps businesses meet demand without overstocking or understocking. This approach optimizes operations, reduces waste, and enhances customer satisfaction.

Forecasting 59

Forecasting Inventory Management Software Forecasting Software Inventory Management 59

Procurement Academy

JULY 17, 2024

However, demand forecasting is key to gaining some sense of control over your business during this turmoil. Let’s examine exactly what demand forecasting is, why it’s important to your business, and look at how it’s already been applied in the real world to guide a major global business through a tough economic period.

Forecasting 52

Forecasting Supply Chain Planning Software Modeling Forecasting Software 52

ToolsGroup

SEPTEMBER 9, 2020

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? Your customers don’t care if you have a great demand forecast. How do you turn a good forecast into a great inventory plan? How do you turn a good forecast into a great inventory plan? Optimized inventory should come from a better foundation.

Forecasting 156

Forecasting Modeling Forecasting Software Inventory Reduction 156

Logility

JULY 22, 2024

With approximately 95% of American households relying on products like recyclable aluminum foil, self-sealing wax, freezer paper, disposable bakeware, trash liners, and more, this organization strives for continuous improvement in their supply chain. But what are they really chasing?

Continuous Improvement 204

Continuous Improvement Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 204

ToolsGroup

MARCH 24, 2021

Imagine what would happen if each station optimized its schedule and traffic independently: city-wide chaos would ensue. Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

Logility

MARCH 6, 2020

Machine Learning for demand forecasting has matured to a level of accuracy, transparency and replicability that translates into transformative results, including in these five areas: Accuracy, transparency, thoroughness of analytical options and results. Let’s take a closer look at each one. Accuracy and transparency. Greed for more data.

Forecasting 260

Forecasting Supply and Demand Forecasting Software Modeling 260

ToolsGroup

DECEMBER 10, 2023

As Christmas draws near, it’s impossible not to think of Santa — and as the CEO of an AI company that optimizes supply chain , it’s impossible to ignore his looming logistical challenge. Holiday supply chain challenges It is an especially fraught holiday season for supply chain logistics.

Modeling 156

Modeling Supply Chain Optimization Optimization Modeling Optimization Software 156

ToolsGroup

NOVEMBER 27, 2018

Editor’s Note: Two years ago we posted a blog about how to set an annual forecast accuracy target and it was one of our most popular topics. It seems as if everyone is looking to improve their forecasting performance. How much can you realistically expect to improve your forecast accuracy each year?

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214