The importance of having the right inventory at the right price to service customer demand is crucial. Nowhere is this truer than on commoditized products. With commodity buying, customers have a wide range of vendors to buy from and switch often to [...]
Demand forecasting is tough, and getting it right over the entire product lifecycle during the course of launch, maturation, and end-of-life is tougher still. This is true for any business with sizable turnover in the product portfolio and especially in industries like [...]
The Council for Supply Chain Management Professionals (CSCMP) and ToolsGroup surveyed more than 200 supply chain professionals around the world on the state of supply chain digital transformation in planning. This blog post highlights some of the key findings. The [...]
Demand modeling is different from demand forecasting. Simply put, it doesn’t forecast demand, it models demand. Forecasting typically starts with a time series of data—usually presented as a bar chart displaying demand by month or by week. It makes a projection of [...]
Most successful companies complete annual strategic business plans in order to identify and execute upon growth opportunities. Likewise, many growth-oriented companies employ supply chain planning (SCP) software to facilitate their growth and improve efficiency and customer service. However, few fully integrate their SCP strategies [...]
New global survey finds that companies executing digital planning transformations are better managing COVID-related demand and supplier uncertainty BOSTON, May 12, 2021 – A new study by ToolsGroup, a global leader in supply chain planning software, and the Council of Supply Chain [...]
In episode nine of Be Ready for Anything, supply chain expert Stefan de Kok breaks down the basics of probabilistic forecasting. Employing analogies, clarifying concepts, and outlining the benefits, Stefan illustrates how probabilistic forecasting can be a powerful and necessary tool for [...]
