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Category: Demand Planning

Read timely information on how effective demand planning can  elevate customer service levels and reduce inventory costs.

6 Questions that will Improve Your Capacity Planning Strategy

Capacity planning has always been a core strategic process in the manufacturing industries' quest to meet the demand of customers in a timely and efficient manner. Having accurate insight into your plant’s production capacity within specific durations of time while [...]

6 Tips to Improve Inventory Management through Automation

For companies with outdated or manual inventory management systems, lack of certainty about the accuracy of inventory levels can make managers and decision-makers apprehensive during busy times.  If calculations and inventory management practices are off, companies may find themselves with [...]

Strategies for Optimizing Customer Service Levels

  While every business works diligently to improve efficiency and operational excellence, at the end of the day it’s the customer who determines a company’s success.  And companies are looking for new ways to optimize customer service levels to improve [...]

How Demand Planning Fits into Integrated Business Planning

For years, many companies relied upon Sales and Operations Planning (S&OP) to align processes in their supply chain.  By doing so, companies were able to improve performance and profitability.  As the value perception of S&OP matured it became apparent that [...]

The Method in the Madness – Choosing the Best Demand Planning Method

Aligning demand with supply is a critical function for any company.  And it’s one with a lot of moving parts.  The right demand plan must have a balance of inputs from all areas of the company to create forecasts that [...]

Demand and Supply Planning in Unpredictable Times

With everyone’s health a top priority due to Covid-19, we’re facing unprecedented times, and in many cases flying by the seat of our pants to maintain as much normalcy for ourselves and our families as possible. Now enter the workforce, [...]

Step up your demand planning in 2020

How can you take your demand planning to the next level? Start with communication. As Tech Target said, "Demand planning is not a compartmentalized component within the company. It's an integrated and detailed set of actions that connect multiple activities [...]

Thinking through digital supply chain

Going digital in supply chain takes knowledge and careful planning.  As Gartner said, "While any organization can throw technology at planning, it makes more sense to pause a minute and think about what type of digital technology is appropriate." Think [...]

How accurate are your forecasts and how accurate do they need to be?

A forecast doesn’t have to be correct to have value. In fact, the Institute of Business Forecasting & Planning said, “We need to continually remind people that a forecast is not going to be 100% accurate, and that it does [...]

How do you choose your aggregation levels?

When it comes to aggregation you could traditionally choose top-down or bottom-up. That is not necessarily the case anymore. The Institute of Business Forecasting & Planning said, “Middle-out forecasting is another option, starting somewhere in the middle of a hierarchy; [...]

Forecast vs. Demand Plan – do you know the difference?

Do you know the difference between a forecast vs. demand plan? A forecast is a prediction of demand based on numbers seen in the past. Demand plan starts with the forecast but then takes other things into consideration like distribution, [...]

Seven Advantages of Integrated Demand and Supply Planning

A championship football team reaches such heights because of teamwork, practice, and a clear strategy.  Both offensively and defensively, team members are drilled over and over to work together and know the plan so that on game day, everyone is [...]

What makes a great demand planner?

What characteristics does a great demand planner have? First of all, they can solve problems. Being creative and objective is a vital part of their job! However, they can also communicate their problem solving methods very well. It’s important for [...]

Making your demand planning the best it can be

If your demand planning isn’t going as well as you hoped, there are a few things you can do! First, make sure you are really committed to demand planning and you are not just doing it out of perceived obligation. [...]

The laws you should really know about demand planning

How confident are you in your demand planning knowledge? Institute of Business Forecasting and Planning says there are a few laws you should follow. First, there are a few times that your planning gets less precise - when you get [...]

Demand Planning: What Is It and Why Do You Need It?

Estimating future demand is one of the most valuable activities your organization can undertake. A demand plan’s impact is felt throughout the business, from sales and marketing to manufacturing and distribution. When done correctly, demand planning can put you in [...]

Demand Management: Linking the Market to Operations Management

All businesses, whether they be commercial, profit-seeking companies or not-for-profit altruistic enterprises, manage demand. It is so common, that we might not even be aware that we are doing it. We do it in our everyday lives, as we manage [...]

Data—Our New Natural Resource

As I walked the floor at this year’s APICS conference and sat through a variety of educational sessions, I was reminded of a phrase I heard recently: “Data is becoming a new natural resource.” The statistics are quite mind-boggling. According [...]

Do You Know These Financial Metrics?

When it comes down to the bottom line, your decisions have financial impacts. The Institute of Business Forecasting & Planning said, “The profit and loss statement often gets the most attention, since it shows the revenue, the cost of goods [...]

What in the World is Wrong with our Forecasts?

Forecasting has been woven inexorably into the fabric of almost all companies across America over the past fifty years. It is safe to say that most business leaders would argue that high quality sales forecasting is an indispensable activity within [...]

Integrating Planning and Scheduling: How Is It Done?

Modern manufacturing operations are constantly challenged to be flexible, yet efficient. Compressed product life cycles, complex global supply chains, and fierce competition exert extreme pressures on production processes. Without tight integration between planning and scheduling, the business may struggle to [...]
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