Tag Archive: forecast

The Value of Demand Planning

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In supply chain circles there are a lot of exciting concepts to discuss and debate such as: lean, master scheduling, theory of constraints, and many more; however, we have found that our most successful clients start with the customer!
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Forecasting: How Far Should You Look into the Future?

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Whether setting strategy or designing a SIOP (sales, inventory and operations planning) process, one of the most important questions to consider in forecasting is how far into the future will you look? And why? As we think about whether the answer should be 1 month, 1 quarter or 1 year, check your thinking. When assessing the future it is important to think through the elements that may impact your forecast. 10 Questions to Ask When Forecasting and Designing SIOP 1. Do you have customer contracts in your business/ industry? If so, how far out do they go? 2. Regardless of the…
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Data, Data, Data

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“Data, data, data” seems to be the hot topic for manufacturers and distributors, similarly to “location, location, location” in real estate success. What is going on? As technologies have come a long way from the “old” days, we have massive amounts of data. I heard this statistic last week – 1 gigabyte cost $1 million in 1980 whereas it costs 1 cent today. Clearly, data is affordable and accessible. Now what do we do with it? Here are some options my best clients have been researching: Dashboards: Get the “right” ERP system for your needs and display key metrics on a dashboard.…
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