How StockIQ Provides Pitch-Perfect Inventory Accuracy for Stock Forecasting
Inventory frictions plague the modern goods space, creating frustrated customers, abandoned shopping carts, and billions of dollars in damages. But for 3PLs and distributors, inventory frictions aren’t just minor headaches; they’re torrential storms that minimize profits, destroy relationships, and degrade business growth. To be clear, inventory control is the heart of your entire operation. Over […]
How To: Distributors and Omnichannel Forecasting
Despite the seemingly never-ending swarm of digital solutions at our fingertips, inventory management is an increasingly challenging enigma. The unique convergence of customer demands, fulfillment speeds, and omnichannel shopping gateways has put immense pressure on distributors. How do you predict and react to demand-side inventory in an environment where 30 percent of items purchased online […]
Inventory Forecasting Within Microsoft D365 and Business Central
Inventory control is the table stakes of supply chain management for 3PLs and distributors. At the end of the day, despite whatever pressures or short-term challenges are weighing on your supply chain, predicting inventory demand and managing inventory loss is your single most important responsibility. Here’s the problem: historical accuracy rates for inventory management stand […]
Predictive Analytics vs. Predictive Forecasting
Both predictive analytics and predictive forecasting can be critical tools to use in your supply chain enterprise. Gaining an understanding of what they each are and when to use them can help improve your profit margins. With one tool, you get a look at the history of the items in your database, and with the […]
Automotive Supply Chain Management & Best Practices
Over the past few years, the automotive industry has undergone significant changes in the wake of globalization and modernization. Consumer expectations are at an all-time-high, competitive and manufacturing power is shifting radically, and the way we think about cars, technology, and OEMs has completely transformed the way we understand parts, inventory, and supply-side manufacturing. Automobile […]
Understanding Forecastability Analysis: How Does It Benefit Your Business?
How do you determine whether the forecasting approach you’re using is the right one for your business? Which is the appropriate product hierarchy level to begin forecasting? Which products demand the most significant attention and focus? Forecastability analysis has the answers to all these questions. Every forecaster understands that there isn’t any standard approach or […]
Predictive Forecasting Predictions for 2021
2020 felt like a convergence of black swan events. From COVID-19 and the intense pressures of election night to the ever-growing regulatory ecosystem, navigating the competitive landscape this year has been treacherous. But, like all chaotic years, the real challenges aren’t happening today; they’re lurking on the horizon. How will all of these events impact […]
Forecasting Your Supply Chain
McKinsey estimates that 16 to 26 percent of exports could be relocated and readjusted in the next year. That’s over $4 trillion in supply chain value that’s up-for-grabs, disconnected, and ultimately ready to be reaped. But, while that certainly presents an opportunity, it only presents an opportunity to a few key players. In McKinsey’s Reckoning […]
