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Documents related to » inventory forecasting scm


Let the (Excess) Inventory Flow!
Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both

inventory forecasting scm  with millions of accompanying inventory asset recovery dollars slipping away annually as a consequence. The S&OP process is chartered with aggregating demand from all sources, translating that demand into a production plan, and ensuring that the sellable product is in the right place at the right time for the duration of its active life (see Sales and Operations Planning Part One: Identifying and Forecasting Demand ). In this process too, little time is afforded to the continuous assessment and Read More...
Capitalizing on Advanced Inventory Management
Today’s distributors have an opportunity to drive performance to new levels by investing in advanced inventory management. These companies can expect to

inventory forecasting scm  on Advanced Inventory Management In today''s fast moving global marketplace, innovative companies are using their inventory to gain the competitive edge. Rather than manage inventory at the facility or company level, enterprising companies are using network-based inventory management software, which allows them to position their inventory where it is most needed and can provide the most profitability. By distributing inventory in its most advantageous positions, companies are able to achieve a Read More...
Inventory Management Technology Strategies for Distribution
Inventory has been—and continues to be—the lifeblood of the distribution marketplace. While many companies are slow to adopt new strategies and technologies, a

inventory forecasting scm  technology areas are: a) Inventory optimization b) Forecasting system that supports some form of customer-level forecasting c) B2B collaboration platform Table 1. Technology Adoption Intentions of Distribution Companies Have Today or Budgeted Future Plans No Plans to Adopt B2B collaboration platform 21% 43% 36% Tool that optimizes inventory policies at SKU location level 27% 47% 27% Distributed order management system 31% 38% 31% Forecasting system that supports customer-level forecasting 33% 47% 20% Read More...
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

inventory forecasting scm  in lost sales, improved inventory mix, and payback improvements in promotions. Other ToolsGroup customers are using machine learning for NPIs to identify which new products will have significantly above average sales. Identifying those successful new products early on allows companies to determine the most advantageous way to allocate additional marketing, purchasing and replenishment resources to up and coming products.   For more background see TEC ’s previous blog post on ToolsGroup . Read More...
Less Stock, More Profit: Inventory Optimization
Inventory optimization is the area where most enterprise resource planning (ERP) software implementations get the highest and fastest return on investment (ROI)

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Spreadsheets: An Inadequate Solution for Budgeting, Forecasting and Reporting
Mid-size organizations have been conducting their budgeting and forecasting through a readily-available, inexpensive, and easy-to-use application—the

inventory forecasting scm  An Inadequate Solution for Budgeting, Forecasting and Reporting Mid-size organizations have been conducting their budgeting and forecasting through a readily-available, inexpensive, and easy-to-use application—the spreadsheet. But spreadsheets fail to support complex planning processes, which involve multiple people, require real-time access to data, and demand comprehensive security. Discover how the Adaptive Planning budgeting and planning application can help you meet these needs. Read More...
Escaping Excel Hell: Budgets and Forecasting
For many companies, spreadsheet applications such as Microsoft Excel are the principal interface for budgets and forecasting. Often, these companies find

inventory forecasting scm  Excel Hell: Budgets and Forecasting For many companies, spreadsheet applications such as Microsoft Excel are the principal interface for budgets and forecasting. Often, these companies find themselves in “Excel hell,” a state of inefficiency and disruption related to using spreadsheets for collaborative planning. The result: frustration, and decisions based on bad information. Learn about solutions that can help your company stay out of “Excel hell.” Read More...
Avercast Forecasting & Demand Planning Software
The Avercast product line includes: Avercast Business Forecasting for analyzing historical product demand, forecasting future demand, and adjusting

inventory forecasting scm  Supply Planning for time-phased inventory planning in monthly, weekly, or daily time periods Avercast Supplier Connection for providing Web-enabled information to suppliers Avercast Trolling For Dollars for warehouse management reporting and for providing real-time information about which products can be shipped at any given time. Read More...
Sales and Operations Planning Part One: Identifying and Forecasting Demand
An effective sales and operations planning game plan results in fewer stock-outs, shorter delivery lead-times, higher on-time shipping percentages, a manageable

inventory forecasting scm  forecast represents the desired inventory level on the specified date. Planning logic considers the combination of sales orders and forecasts in calculating requirements. Sales orders consume the sales forecast to avoid doubled-up requirements. This is termed forecast consumption logic. Forecast consumption logic reflects an implied forecast period defined by the sales forecast dates. An item''s sales forecasts are defined on the first of each month; for example, a sales order consumes forecast within a Read More...
Inventory Planning & Optimization: Extending Your ERP System Part Three: Business Case for Inventory Optimization Solutions
Inventory Optimization software recognizes that different industries have different inventory profiles and requirements. Research has indicated that solutions

inventory forecasting scm  times across the main Inventory Planning and Optimization software Vendors. Note: MS-Excel is a traditional way to analyze small numbers of SKU''s and forecasts, and Demand Solutions manages only the demand forecasting and some inventory modeling of inventory. Considerations for any organization looking at implementing Inventory Optimization software also include the following: How long will it take to implement the new modules? Firms have a right to be cautious after some lengthy ERP implementation Read More...
The Power of Inventory Control: How Integrated, Serialized Inventory Tracking Delivers a Competitive Advantage
Today’s manufacturers work hard to meet customer delivery schedules with quality parts while reducing costs. Those companies that can meet these demands can

inventory forecasting scm  Power of Inventory Control: How Integrated, Serialized Inventory Tracking Delivers a Competitive Advantage Today’s manufacturers work hard to meet customer delivery schedules with quality parts while reducing costs. Those companies that can meet these demands can reduce work-in-process inventories and minimize production costs. But many fail at this due to inefficient material handling and inventory control. See how advanced ERP systems reflect the physical reality of the material handling process Read More...
Inventory and Lead Times - Understanding Decoupling Points
While inventory is necessary in manufacturing, most companies would like to reduce their inventory, but only if that did not cause problems. Managing inventory

inventory forecasting scm  Understanding Decoupling Points While inventory is necessary in manufacturing, most companies would like to reduce their inventory, but only if that did not cause problems. Managing inventory according to decoupling theory is the most effective approach to reducing (the wrong kinds of) inventory without damaging service level—without increasing the risk of shortages that disrupt production (components and materials) and hurt customer service (finished goods). Read more. Read More...
Sales Forecasting for Your Business Advantage
With Advanced Sales Forecasting software from NetSuite, you now have the ability to run accurate, up-to-the-second sales forecasts to address your most

inventory forecasting scm  Forecasting for Your Business Advantage With Advanced Sales Forecasting software from NetSuite, you now have the ability to run accurate, up-to-the-second sales forecasts to address your most pressing business questions. As a result, you can manage your data and your business with greater accuracy, speed, and confidence. Read More...
RockySoft Inventory Management Suite
RockySoft''s Web-based inventoy management modules for distribution and manufacturing include Active Inventory Manager, Demand Management, Demand

inventory forecasting scm  Inventory Management Suite RockySoft''s Web-based inventoy management modules for distribution and manufacturing include Active Inventory Manager, Demand Management, Demand Collaboration Portal, Economic Order Manager, Requirements Planner, Capable to Promise, Supplier Portal, and Vendor Managed Inventory. Read More...
Financial Planning, Budgeting, and Forecasting in the New Economy
Although we''re starting to see recovery from the recent economic crisis, market volatility is still a major factor influencing businesses to improve their

inventory forecasting scm  Planning, Budgeting, and Forecasting in the New Economy Although we''re starting to see recovery from the recent economic crisis, market volatility is still a major factor influencing businesses to improve their financial planning, budgeting, and forecasting processes. The keys to effective financial planning, budgeting, and forecasting are embodied by a best-in-class approach that carefully considers all factors, adaptive planning, and collaboration. Get the details in this report. Read More...

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