Tools for Demand Planning: Built-In vs. Bolt-On Solutions
Successful, competitive supply chain businesses today rely mainly on one thing for their excellence – accurate, advanced demand planning. You can have a strong business model, desirable products, and an all-star team, but without the right demand planning systems and processes in place, you risk falling behind due to excess inventory and missed sales. So, […]
Forecasting Errors Cost More Than You Think: How to Fix Them in 2025
For organizations in the modern supply chain, accurately forecasting demand has become a vital asset for accomplishing business goals. Today’s market is fast-moving, highly competitive, and volatile. In this environment, forecasting errors in inventory management don’t just lead to stockouts: they create ripple effects that can be felt throughout your entire business, such as lost […]
The Demand for Data Scientists, Analysts, and AI Specialists in Supply Chain Organizations
The workforce is dramatically shifting, fueled by new technological advancements such as automation and artificial intelligence. These technologies are overhauling the supply chain, as organizations increasingly turn to new tools to stay competitive, remain resilient, and meet customer demands. While it might seem like these technologies are a job disruptor in the supply chain, they’re […]
Understanding Supply Chain Demand: Factors, Challenges, and Opportunities
Understanding the nuances of supply chain demand has always been essential for the success of inventory-based businesses. Whether you’re a manufacturer, retailer, or logistics provider, anticipating and responding to demand fluctuations can decide between business success and failure. However, managing supply chain demand has become even more vital in the modern supply chain. Various factors– […]
Why Demand Planning Systems Are Essential for Growth in 2025
If you want to take your inventory-based business to new heights in 2025, it’s time to pull out a different playbook. Rapid shifts in consumer demands, ongoing supply chain disruptions, and economic uncertainties make it more challenging to maintain efficiency and profitability and predictably grow a business. However, one tool that can help is an […]
Demand Forecasting in Supply Chains: Techniques to Improve Accuracy
Demand forecasts can be a powerful asset for inventory-based businesses. They can anticipate customer needs, align production with demand, minimize waste and costs, and improve profit margins. However, demand forecasts need to be as precise as possible to truly move the needle and lead to optimal business outcomes. Due to today’s complex and volatile business […]
What is Replenishment Optimization?
In today’s global supply chain, businesses across industries face mounting pressure to meet growing customer demands while managing costs, minimizing waste, and navigating disruptions. When businesses strategically control and optimize their inventory, they can maintain smooth operations, consistently meet customer needs, and achieve financial goals. For this, they can turn to replenishment optimization as a […]
6 Benefits of Demand Planning Software
There are many technological advancements that have revolutionized the supply chain in recent years. Studies show that digitalization is one of the biggest trends disrupting this space, and anyone who works in inventory-based businesses can see just how quickly new tech and software are becoming available. One tool that’s emerged as a critical component of […]
Understanding Demand Forecasting Constraints
Demand forecasting is a crucial business activity across different sectors. It involves predicting future customer demand for products or services and enables companies to make informed decisions about everything from inventory management to marketing strategies. While the goal is to achieve perfect foresight, perfectly accurate demand forecasting is a complex challenge with certain limitations. Even […]
Top Down, Middle Out, Bottom Up: What’s Right For Me?
Forecasting is an essential tool for stock and inventory management, which helps businesses accurately anticipate expected demand and revenue. Whether you’re planning your next budget, projecting sales growth, or preparing for market shifts, forecasting allows your business to make informed decisions about your strategies and resources. However, there are several common forecasting methods to choose […]