Today, we live in a polarized world that divides family members, friends, and business colleagues. It effects everything we do from the way we communicate with one another to how we handle business challenges. I have seen long time business colleagues have passionate discussions to defend their supply chain position
Search Results: demand forecasting (164)
With all the enhancements in demand management over the past decade, companies are still faced with challenges impeding the advancement of demand-driven planning. Many organizations are struggling with how to analyze and make practical use of the mass of data being collected and stored. Others are perplexed as how to
Rapid demand response forecasting techniques are forecasting processes that can incorporate key information quickly enough to act upon in real time by agile supply chains. Retailers and consumer goods suppliers are urgently trying to determine how changes in consumer behavior will affect their regions, channels, categories, brands and products during
Let me start by posing a question: "Are you forecasting at the edge to anticipate what consumers want or need before they know it?" Not just forecasting based on past demand behavior, but using real-time information as it is streaming in from connected devices on the Internet of Things (IoT).
Government regulations, technological advancements and improvements in energy forecasting are complex issues that require deep discussion. Several pivotal thoughts were shared through a recent webinar dedicated to unraveling these complexities, shedding light on the nuances of the issues and their interconnectedness. Here are a few key takeaways from that discussion.
The past 20 months of disruptions caused by COVID-19 have been a wake-up call for retailers and consumer goods companies. Unpredictable market trends have caused havoc with categories, brands and products making it harder to predict supply requirements. All of these changes have given rise to the need for consumption
The social and economic impact of COVID-19 has dramatically affected supply chains and demand planning across all industries. Then there’s the Amazon effect, which has led to sky-high consumer expectations of the ordering and delivery process. Demand planners for retailers and consumer goods companies have quickly realized they have no
The need for agile, accurate demand planning has never been greater. When considering migrating your demand management application to a cloud-native solution, you might experience platform management challenges ranging from lacking the resources needed to oversee application operations, to manipulating maintenance tasks that may distract from growing the business. Why
Demand management concepts are now over 30 years old. The first use of the term "demand management" surfaced in the commercial sector in the late 1980s and early 1990s. Before that, the focus was on a more siloed approach to demand forecasting and planning that was manual and used simple
Thanks to COVID-19, companies have experienced how challenging it can be to plan and maneuver their supply chains around an unforeseen disruption. While the pandemic was a once-in-a-lifetime event (we hope), the unfortunate truth is that less severe events have overwhelmed or undermined demand and supply planning in the past