The Smart Forecaster

 Pursuing best practices in demand planning,

forecasting and inventory optimization

Share, develop, and manage consensus demand plans to ensure inventory policy matches business strategy.

Smart Inventory Optimization (SIO) creates planning scenarios. SIO starts with a “Live” scenario that shows where you are now. Various team members can create their own scenarios, perhaps dividing the work by product line or sales territory. One decision maker can then merge these scenarios into a consensus plan that becomes the “Goal” scenario, which drives the ERP system’s replenishment planning.

Leave a Comment

Related Posts

Call an Audible to Proactively Counter Supply Chain Noise

Call an Audible to Proactively Counter Supply Chain Noise

You know the situation: You work out the best way to manage each inventory item by computing the proper reorder points and replenishment targets, then average demand increases or decreases, or demand volatility changes, or suppliers’ lead times change, or your own costs change.

An Example of Simulation-Based Multiechelon Inventory Optimization

An Example of Simulation-Based Multiechelon Inventory Optimization

Managing the inventory across multiple facilities arrayed in multiple echelons can be a huge challenge for any company. The complexity arises from the interactions among the echelons, with demands at the lower levels bubbling up and any shortages at the higher levels cascading down.

Fact and Fantasy in Multiechelon Inventory Optimization

Fact and Fantasy in Multiechelon Inventory Optimization

For most small-to-medium manufacturers and distributors, single-level or single-echelon inventory optimization is at the cutting edge of logistics practice. Multi-echelon inventory optimization (“MEIO”) involves playing the game at an even higher level and is therefore much less common.

Recent Posts

  • Stay the course of demand planning and optimizationStay the course
    We’ve found that a few things help new customers exploit the power of advanced analytics for forecasting and inventory optimization. One is having a champion among management, an executive sponsor, who can vouch for the commercial importance of a successful implementation while ensuring the users are supported with continuing education. […]
  • Software to Proactively Counter Supply Chain NoiseCall an Audible to Proactively Counter Supply Chain Noise
    You know the situation: You work out the best way to manage each inventory item by computing the proper reorder points and replenishment targets, then average demand increases or decreases, or demand volatility changes, or suppliers’ lead times change, or your own costs change. […]