article thumbnail

The fundamentals of demand planning and forecasting

EazyStock

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Why is demand planning important? Is demand planning the same as demand forecasting?

article thumbnail

The fundamentals of demand planning and forecasting

EazyStock

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Why is demand planning important? Is demand planning the same as demand forecasting?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Critical Supply Chain KPIs!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Supply Chain KPIs article and permission to publish here provided by Harkirat Ahluwalia. KPI’s are not solely limited to supply chain, but are used in various different fields to measure how well a company is meeting its objectives. Email Address.

article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

article thumbnail

What is Integrated Business Planning (IBP)?

IBM Supply Chain Blog

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity.

article thumbnail

Shortage vs. Surplus: Causes and Definitions

Finale Inventory

It could be because the supplier is unreliable or they ran into an issue out of their control with the supplies they need. A supply chain has a lot of moving pieces and does not always work as seamlessly as you hope, which is why it is important to plan for all types of scenarios. Planning Ahead. Customer Loyalty.

article thumbnail

Working Capital: What Is It, How To Calculate, and Why It’s Important

Planergy

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. Working capital measures how efficiently a business uses its resources to generate sales and profits. Book a Live Demo 2.

Import 52