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Five Problems With Today’s Demand Planning — and How to Solve Them

Supply Chain Brain

With the coronavirus pandemic and its lingering effects, companies have now experienced how challenging it can be to plan and maneuver their supply chains around uniquely disruptive, once-in-a-lifetime events. But the unfortunate truth is that less severe events overwhelm or undermine supply planning all the time.

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Update on Forecasting vs. Demand Planning

Supply Chain Action Blog

Often, the terms, “forecasting” and “demand planning”, are used interchangeably. . Forecasting is the process of mathematically predicting a future event. As a component of demand planning, forecasting is necessary, but not sufficient.

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Forecasting vs. Demand Planning

Supply Chain Action Blog

Often, the terms, “forecasting” and “demand planning”, are used interchangeably. . Forecasting is the process of mathematically predicting a future event. As a component of demand planning, forecasting is necessary, but not sufficient.

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383: Transform Your Supply Chain and Retail Planning, with RELEX Solutions

Let's Talk Supply Chain

07.16] Katie’s recent “Women In Supply Chain” award, her experience of the awards event, and what it means to her to be honored. 21.48] A closer look at RELEX’s demand planning software, and how it’s creating impactful results for clients. 23.46] How RELEX’s fulfilment solution supports and enhances demand planning.

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395: Women in Supply Chain, Lisa Dolan

Let's Talk Supply Chain

23.51] From demand planning and inventory to AI, the trends to look out for in 2024. 34.10] Lisa’s advice to organizations that claim to struggle when it comes to finding female, or other diverse, voices for events and speaking opportunities. 31.17] Lisa’s advice for women looking to build a career in supply chain.

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Embracing AI and Predictive Procurement to Overcome Industry Challenges

Arkestro

Seasonality: Procurement Events and Market Tests Seasonal items often present a cost-saving opportunity for procurement. Rather than simply triaging reviews based on quarterly financial reporting periods, procurement can leverage the impact of seasonal demand to accurately calendar the quoting process with suppliers.

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What is Supply Chain Management? A Guide to Success

SCMDOJO

Demand Planning: Demand planning involves forecasting customer demand based on historical data, market trends, and other relevant factors. Accurate demand forecasting enables businesses to optimize production levels, reduce inventory costs, and meet customer expectations.