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Documents related to » forecasting variables


ToolsGroup Embeds Machine Learning Technology in Demand Forecasting
ToolsGroup, a provider of demand analytics and supply chain planning (SCP) software, claims to be the first vendor in its class to embed machine learning into a

forecasting variables  Machine learning takes demand forecasting to new heights because older technologies could not solve the difficult problem of measuring the impact of external stimuli on baseline demand. ToolsGroup’s demand modeling creates a reliable baseline, then uses machine learning to adjust the baseline by identifying the effect of stimuli and demand indicators at a detailed channel level. It analyzes all the relevant variables and the complex interactions among them in an automated fashion.   As ToolsGroup Read More...
ToolsGroup-Statistics-based Supply Chain Planning
ToolsGroup continues to carve out a space for itself in supply chain. Not satisfied with being the last remaining independent multi-echelon inventory

forecasting variables  inside ToolsGroup’s  Trade Promotion Forecasting  solution, other than to say that it uses artificial intelligence to analyze promotional events, identify specific qualitative and quantitative variables that have the most impact on demand, and generate a set of rules that model the impact of promotional events on normal sales. ToolsGroup’s Solutions Demand Forecasting Demand Collaboration Hub (DCH) Demand Sensing Trade Promotion Forecasting Trade Promotion Optimization System (TPOS) Inventory Read More...
ToolsGroup-Going Back to Its SCP Roots
What has ToolsGroup, the expert in demand-driven SCP, been doing to address demand and supply variability? Read P.J. Jakovljevic’s article and see how

forecasting variables  in the area of forecasting trade promotions. Advertising and promotions are the main activities affecting the baseline demand and demand variability of most consumer packaged goods (CPG) companies. CPG companies spend up to 12 to 15 percent of their gross revenue on trade promotions and related trade funds for retailers. In a problem such as modeling trade promotions, determining their actual impact or “lift” is daunting. A large number of variables with complex interactions are buried in huge Read More...
Case Study: Peerless Pump
Peerless Pump has been designing, engineering, and manufacturing pumps for more than 80 years. The company was basing component stock levels on historical data,

forecasting variables  | Forecasting Tools | Forecasting Variables | Industry Forecasting | Inventory Forecasting | Load Forecasting | Market Forecasting | Marketing Forecasting | Prediction Accuracy | Production Forecasting | Regression Forecasting | Revenue Forecasting | Sales Forecasting | Seasonal Forecasting | Simple Forecasting | Statistics Forecasting | Supply Forecasting | Trend Forecasting | Weather Forecasting | SCM Forecast Accuracy | SCM Forecasting | SCM Calculating Forecast Accuracy | SCM Demand Forecast Accuracy Read More...
The Demand-Driven Supply Chain and Demantra
Demand-driven supply chains focus on pulling demand and maximizing effectiveness and profitability while traditional supply chains push products and create

forecasting variables  leverage accurate customer level forecasting to drive production and inventory management. Gulistan needed to model product and distribution channels and to forecast and analyze data at all levels of aggregation. They chose Demantra''s Demand Planner. It provides Gulistan with forecasts at the customer level, factoring in key variables such as seasonality, trends, cannibalization and life-cycle management. Complex decisions regarding new product phase-in and product obsolescence are now made based on Read More...
Replenishment: What Is It exactly and Why Is It Important?
Replenishment is an area within operations where retailers can find a competitive edge. Excelling at replenishment enables implementation of promotional

forecasting variables  turning to bolt-on promotional forecasting solutions that work in concert with the base demand forecast. Solutions leveraging multi-variant regression analysis using variables such as time of year, ad price, promotional vehicle and competitor activity have shown improved accuracy in recent years. Depending on the amount of promotional movement at a company, selecting a separate tool for promotional forecasting and staffing a team of promotional forecasting experts often is an investment that quickly pays Read More...
Replacing Base-level Forecasting with Sense and Respond Demand Management
Significant changes are occurring in the global landscape that require a fresh look at one of the most important business processes in the supply chain—demand

forecasting variables  Base-level Forecasting with Sense and Respond Demand Management Significant changes are occurring in the global landscape that require a fresh look at one of the most important business processes in the supply chain—demand management. Companies that more accurately predict product demand and integrate a single view of demand into operational planning are poised to win in today’s competitive landscape. Read this white paper and gain strategic insights for accurate demand planning. Read More...
Case Study: Campbell Soup Company
After expanding its product lines and accelerating product roll-outs, the Campbell Soup Company needed to align demand forecasting and supply chain planning

forecasting variables  needed to align demand forecasting and supply chain planning with its new, more dynamic business model. Learn how the company’s new solution helped it improve inventory forecasting, adapt to day-to-day changes in demand, enhance long-range production planning and risk management, and spend more time on strategic activities. Read More...
SAP BusinessObjects Planning and Consolidation
The SAP BusinessObjects Planning and Consolidation application can help unify and streamline the planning, budgeting, and forecasting process, and can enable

forecasting variables  the planning, budgeting, and forecasting process, and can enable a faster close. Finance-owned and maintained, the application unifies planning, financial consolidation, and management reporting for the enterprise-which can improve budget cycle times, drive compliance with regulatory and financial standards, help reduce external audit costs, instill confidence, and reduce business risk. With SAP BusinessObjects Planning and Consolidation, functionality companies need to meet their bottom-up and top-down Read More...
Inventory Planning & Optimization: Extending Your ERP System Part Two: How It Works
Organizations today realize that although strategies focusing on outsourcing transportation, e-business and new distribution models are important, these are all

forecasting variables  Another important area where forecasting and other algorithms are used is in safety stock calculations. One cannot stress enough the importance of safety stock calculations. Some vendors will do simple averaging, others some forecasting. Certainly a most innovative approach has been the adoption by JustEnough of neural network based algorithms that factor in a whole set of variables into the final calculation. JustEnough emerges as a leader in the forecasting domain and related algorithms with its Read More...
Demand Commander
Demand Commander is a demand forecasting and planning solution designed for sales representatives, managers, planners, and c-level management. It can be used

forecasting variables  Commander is a demand forecasting and planning solution designed for sales representatives, managers, planners, and c-level management. It can be used to manage customers; derive and execute sales plans; plan production, purchase, and deploy products; and present key business metrics. Demand Commander''s functions include demand factor learning; model creation and competition; and consensus building. Read More...
Case Study: Fetco Home Decor
Fetco Home Decor, designer and wholesaler of fashion frames and other décor products, was relying on Excel spreadsheets to perform its forecasting process. The

forecasting variables  you describe your current forecasting process?” When a consultant posed this seemingly routine question to Katie Ward, Director of Planning and Forecasting at Fetco Home Decor, she replied with a metaphor that symbolized her three-year experience of forecasting with Excel spreadsheets: “I feel like I’m caught between hell and a dartboard!” The phrase resonated with the team because they have heard similar responses, though less animated, from hundreds of other customers who have made the switch Read More...
A Business Intelligence Agenda for Midsize Organizations: Six Strategies for Success
Midsize companies see business intelligence (BI) as too unwieldy and expensive for them, and use spreadsheets for planning, budgeting, and forecasting. However,

forecasting variables  for planning, budgeting, and forecasting. However, BI is well within reach through an incremental approach. Learn about six strategies for midsize companies for choosing and deploying BI solutions that address both business and IT challenges. Read More...
Driver-Based Planning for Budgets and Forecasting
Line managers and finance staffs are frustrated by the inadequacies of spread-sheet based planning systems for delivering useful budgets and rolling forecasts

forecasting variables  Planning for Budgets and Forecasting Line managers and finance staffs are frustrated by the inadequacies of spread-sheet based planning systems for delivering useful budgets and rolling forecasts. A major problem is the disconnect between the operational elements of a business and financial plans. What''s missing is driver-based planning, a best practice methodology where financial plans incorporate assumptions about business activities which are modeled to drive financial data such as revenue Read More...

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