The Ultimate Demand Planner Dictionary
The success of inventory-based businesses today relies on achieving the perfect balance of supply and demand. This equilibrium enables businesses to have enough products to meet consumer needs while reducing waste and excess costs. To achieve this, businesses turn to demand planners, who use a mix of data analysis, strategic insights, and collaboration to predict […]
6 Ways Demand Planning Software Impacts Warehouses
Warehouse efficiency and operations play a central role in today’s global supply chain, and dictate how inventory-based businesses function. When warehouses run seamlessly, an inventory-based business can operate at its peak. However, if warehouses are disorganized, inefficient, and not stocked to meet customer demand, it can negatively impact a company and its customers. To accurately […]
Why Supply Chain Risk Management is Essential for Modern Warehouses
If there’s any word that all supply chain decision-makers are aware of (and that raises alarm bells), it’s risk. Risk is inherent in the supply chain today, and the term refers to any threat or disruption that could negatively impact the flow of goods and services within the supply chain. But instead of waiting for […]
Implementing Supply Chain Analytics for Competitive Advantage
Inventory-based businesses work with massive amounts of raw data, from stock levels to customer information. Left unmanaged, this data can be unhelpful and overwhelming, because it can be difficult to distill any useful insights from such large quantities of raw data. But when businesses use supply chain analytics to tap into the potential of this […]
A Deep Examination Into Utilizing Demand Planning Software
Supply chain planning is a complex process that impacts nearly all aspects of a business, from profitability to resilience. Decisions made during the supply chain planning process translate to real-world business outcomes, influencing how much inventory you stock, how satisfied your customers are, and your bottom line. Despite its importance, effectively managing and working with […]
Demand Re-Mapping for a Responsive Supply Chain
The hallmarks of today’s supply chain are volatility, change, and fluctuations. Consumer preferences shift on a dime, the economy swings wildly, and global challenges can lead to unexpected shortages and delays. To thrive in this unpredictable environment, inventory-based businesses can create responsive supply chains that adjust and react in real time. This is known as […]
Warehouse Automation Systems and Trends in 2024
Warehouses are undergoing a digital revolution, fueled by developing technologies, the rise of e-commerce, and shifting consumer expectations. While warehouse automation systems are not new, there are many recent advancements and trends to watch out for in 2024, which warehouse managers and business owners should be aware of. Warehouse automation has played a significant role […]
What is Replenishment Optimization?
Inventory-based businesses are complex, dynamic operations, which require effective inventory management to be successful. For any business dealing with stock, it’s important to strategically control and optimize this inventory to maintain smooth operations, consistently meet customer demands, and achieve financial goals. To maintain this delicate balance of meeting supply and demand, businesses can use replenishment […]
Demand Planning Vs. Supply Planning: Understanding the Key Differences
Many processes dictate how inventory-based businesses operate, and to optimize operations and maximize profitability leaders must understand them and accurately deploy them. Two common processes that are found in this space are demand planning and supply planning. While these terms might sound similar, they’re quite different processes, which act as two sides of the same […]
What to Look for in Demand Planning and Forecasting Tools
In today’s inventory-based business landscape, organizations face unprecedented challenges and operate in a fast-paced and ever-evolving ecosystem. Global markets can quickly shift, consumer behaviors rapidly change, and technological advancements contribute to an advanced pace of business and customer expectations. To best meet customer demand and to be prepared for flexible inventory needs, organizations can turn […]
