17 Resolutions for a Demand Planner in 2017

By Rohan Asardohkar

1. Trust the Stat Forecast . Although there are caveats, if tuned correctly, Stat can do wonders.

2. Spend time on Data Analytics. Even though the big data was unable to predict the presidential elections, a right direction for digging into the data mess can bear fruitful results. { Warning – Data Analytics is not for the faint-hearted. As you dig deeper into the data, you must be prepared for skeletons in the closet. }

3. Measure the error correctly.… READ MORE

What Your Buyers Should be Doing – Part III – Monitoring Your Forecast Accuracy

By Jon Schreibfeder

Replenishment capabilities in most computer software packages answer two vital questions:

When a stocked item needs to be reordered to avoid a stockout? How much of the product should be ordered?

A critical factor in answering these questions is an accurate prediction of what will be sold, transferred or otherwise consumed in the future.  This estimate of future demand is a forecast.

Without an accurate forecast your system can’t effectively answer those two questions.  After all, wouldn’t your buying decisions be different if you sold 10 pieces or 1,000 pieces of an item in a typical month? … READ MORE

5 Ways to Optimize Your Logistics & Transportation with Lean

By Chuck Intrieri

using lean logisitics transportation 5 Ways to Optimize Your Logistics & Transportation with Lean

Are you using lean in your logistics and transportation management?

“The most dangerous kind of waste is the waste we do not recognize” ~ Shigeo Shingo

Lean is a new way of doing business. The transportation company’s culture and behavior should change to apply Lean thinking. Lean thinking focuses on the elimination of all waste to bring value to the customer, beyond the customer’s expectations (where waste is defined as any non-value added process).

“Them (company leadership) versus us (shop floor associates)” needs to change to WE.… READ MORE

eCommerce/Omnichannel Planning & Forecasting – Special IBF Journal Issue

By Chaman Jain

JBF Winter 2016 2017 232x300 eCommerce/Omnichannel Planning & Forecasting – Special IBF Journal Issue

The lastest special issue of IBF‘s Journal of Business Forecasting (JBF) – Winter 2016-2017, is dedicated to the newly emerged channel of distribution, e-Commerce. A total game changer, it has disrupted many markets and has revolutionized the forecasting paradigm.

It has changed the way manufacturers sell their products and the way consumers buy them. Manufacturers now sell their products not only to wholesalers, distributors, and retailers but also directly to consumers. Logistics companies now deliver many more packages, mostly small and less bulky, both domestically and internationally.… READ MORE

Demand Planning and Sales Forecasting Workshop Feb 2017, Chennai, India

By Hatim Ratlami

Demand Planning LLC is proud to bring our hugely popular two day workshop on Demand Planning and Sales Forecasting Tutorial to Chennai, India.

The focus will be on demand modeling using statistical techniques, the methodology to perform model diagnostics, forecast accuracy measurement and the process to incorporate market intelligence.
Demand Planning is a skill set that is in high demand in the supply chain industry in India and abroad. This course is aimed at practitioners and new aspiring professionals who want to enter the supply chain industry.… READ MORE

WOAH? Are You Guilty?

By Lora Cecere

shutterstock 249961555 150x150 WOAH? Are You Guilty?

New technologies abound. The rate of change is exciting. Innovation opportunities are limitless.

I see companies make the same mistake over and over. What is it? Using new technologies to automate yesterday’s processes. Many companies try to make their current processes more efficient versus rethinking the possible. The challenge? Ideate on the options. Don’t constrain your opportunities by historic definitions. Instead, step out of traditional boundaries.

Let’s examine Table 1. Traditional processes are batch. Batch-based processes pull data.… READ MORE

7 Supply Chain Technology Trends Set to Disrupt Supply Chains in 2017 and Beyond

By Hellen Oti-Yeboah

Arlkieva supply chain demo cta 7 Supply Chain Technology Trends Set to Disrupt Supply Chains in 2017 and Beyond

What supply chain technology trends are set to revolutionize your supply chain in 2017 and beyond?

Supply chain executives recognize digital disruption is carving new opportunities in business process automation and organizational management – with increasing tenacity. As 2017 comes into focus, several key technological initiatives are topping corporate agendas.

Here are 7 Supply Chain Technology Trends for 2017 1. Customer-Centric Investments

In all industries, the focus on customer-centric technologies and strategies is accelerating. Everyone wants to communicate better and more productively, with the customer.… READ MORE

A Critical Look at Measuring and Calculating Forecast Bias

By Sujit Singh

1 A Critical Look at Measuring and Calculating Forecast Bias

I cannot discuss forecasting bias without mentioning MAPE, but since I have written about those topics in the past, in this post, I will concentrate on Forecast Bias.

Forecast Bias can be described as a tendency to either over-forecast (forecast is more than the actual), or under-forecast (forecast is less than the actual), leading to a forecasting error.

There are many reasons why such bias exists including systemic ones as discussed in a prior forecasting bias discussion. Some core reasons for a forecast bias includes:

Optimism bias: I have seen this primarily with the sales team who seem to have an abundance of confidence in their ability to sell and therefore inflate the end results.… READ MORE

Creating a Sourcing and Procurement Process Plan

By Shruti Agrawal

Arlkieva supply chain demo cta Creating a Sourcing and Procurement Process Plan

What are the key elements of a sourcing and procurement process plan?

Strategic sourcing is a fact based and systematic approach that organizations use to optimize the management of their supply chain. The approach focuses on improvement of the overall value proposition. This means that it does not entirely look at cost but on ensuring that the right services and materials are available to the organization when needed and in quantity required at the best possible value.

The process involves making decisions based on facts obtained through market intelligence and analysis.… READ MORE

A New Year Resolution for Supply Chain Planners: Stop FireFighting

By Hellen Oti-Yeboah

supply chain planners alert management A New Year Resolution for Supply Chain Planners: Stop FireFighting

2017 Supply chain productivity and prioritization tips for supply chain planners.

Every morning, a supply chain planner must make this decision; “what should I work on today?” In a supply chain of any reasonable complexity, this question can easily be answered with the corresponding fire of the day. On any given day, a supply chain is going to have many moving parts, and just by the law of averages, some part will be in a breakdown mode. The urgency needed to deal with these problems could start from a ‘red-hot-deal-with-it-now’ to just another piece of information that one needs to consider.… READ MORE

7 Use Cases for Hyperledger in Supply Chain

By Lora Cecere

shutterstock 420467452 150x150 7 Use Cases for Hyperledger in Supply Chain

Hyperledger. Blockchain. New concepts? Yes. Get used to it. They are here to stay.

I think that defining the future of Supply Chain Technology means that we, as supply chain leaders, need to take a hard left. We are moving at a steady pace down a road that is well-known and safe, but is not sufficient. What do I mean? Let me explain. Today’s supply chains use closed, and proprietary. I believe that we need to move to open source technology.… READ MORE

Top 2016 Supply Chain Strategy Posts from the Supply Chain Link Blog That You May Have Missed

By Hellen Oti-Yeboah

Arlkieva supply chain demo cta Top 2016 Supply Chain Strategy Posts from the Supply Chain Link Blog That You May Have Missed

Happy new year! Over the past year, the Arkieva Supply Chain Link Blog provided thought leadership and informative posts on supply chain strategy tips, trends, and news. Just in case you missed some of our supply chain strategy posts, we’ve compiled a list of our popular supply chain posts from 2016 below (ranked based on shares and views). If you’d like to avoid missing a post in the future. Please subscribe here.

Here is a list of the Top 20 Supply Chain Strategy Blog Posts from 2016 1.The ABCDs of an Excellent Supply Chain

ABC Blocks Top 2016 Supply Chain Strategy Posts from the Supply Chain Link Blog That You May Have Missed

In this 2-part Supply chain strategy post, the Managing Director at Solventure – Bram Desmet, discusses the key elements of an excellent supply chain.… READ MORE