Inventory Planning & Optimization Blog

Optimize Inventory planning parameters,

improve service levels and increase revenue

Key Considerations When Evaluating your ERP system’s Forecasting Capabilities

Key Considerations When Evaluating your ERP system’s Forecasting Capabilities

Consider what is meant by “demand management”, “demand planning”, and “forecasting”. These terms imply certain standard functionality for collaboration, statistical analysis, and reporting to support a professional demand planning process.  However, in most ERP systems, “demand management” running MRP and reconciling demand and supply for the purpose of placing orders

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The 3 Types of Supply Chain Analytics

The 3 Types of Supply Chain Analytics

The three types of supply chain analytics are “descriptive”, “predictive”, and “prescriptive.” Each plays a different role in helping you manage your inventory. Modern supply chain software lets you exploit all three helping you to reduce inventory costs, improve on time delivery and service levels, while running a more efficient supply chain.

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Protect your Demand Planning Process from Regime Change

Protect your Demand Planning Process from Regime Change

No, not that kind of regime change: Nothing here about cruise missiles and stealth bombers. And no, we’re not talking about the other kind of regime change that hits closer to home: Shuffling the C-Suite at your company. In this blog, we discuss the relevance of regime change on time series data used for demand planning and forecasting.

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Recent Posts

  • Manager In Warehouse With Clipboard and Safety stock controlBacking into Safety Stock is the Safe Play
    Safety stock is a critical component in any system of inventory management. Indeed, some inventory software treats safety stock as the key decision variable in the quest to balance inventory cost against item availability. Unfortunately, that approach is not the best way to strike the balance. […]
  • Hand placing pieces to build an arrowProbabilistic Forecasting for Intermittent Demand
    The New Forecasting Technology derives from Probabilistic Forecasting, a statistical method that accurately forecasts both average product demand per period and customer service level inventory requirements. […]