The supply chain is no stranger to change. In fact, we are so used to being chameleons, adapting to the latest innovation or problem, that it is very much part of what we do. Businesses which stand the test of time do so precisely because of their skill at adapting to face the latest challenges and indeed thrive from them. Read more
The supply chain industry has been adopting machine learning and applying it to demand planning for quite some time now. We’ve seen its success and therefore it follows that attention has now turned to using machine learning to streamline and support supply, or production, planning. However, whilst in demand planning machine learning has been relatively straight-forward, applying machine learning to supply planning is a different kettle of fish and rife with difficulties and therefore requires a slightly different approach. Read more
Sales & Operations Planning (S&OP) is a powerful decision-making process that provides a platform to balance supply and demand on a mid-to-long term horizon. The benefits are numerous – improved service performance, stable production rates, enhanced teamwork and reduced inventories.
Combine this with integrated financial planning and it’s a process that every business should operate. However, there are many issues that will break an S&OP process and in this article, we look at five of them. Read more
Supply chains have made a big shift over recent years: we’ve watched as customer demand has gradually gained greater power. For the most part, we’re generally adapting to this challenging environment well. However, within the shift towards a customer led, and dominated, marketplace there’s one thing we frequently see isn’t tough enough – your demand planning strategy. In the current supply chain landscape, you need a tough demand planning strategy which has been developed to withstand the bashing waves of customer demand. Read more
Demand planning is a supply chain management process that is all about predicting what’s coming. It’s a way of viewing the future not as an unknown, but instead getting the inside scoop on what is likely, probable, realistic, and not. It’s about trying to get accuracy out of hunches and guesstimates. In the modern supply chain, where margins are tighter than ever, it’s essential to get right. Read more
Despite technology bringing with it improved clarity and visibility in our supply chains – through data acquisition – much of a supply chain’s understanding of supply and demand still comes down to accurate demand forecasting. How do we improve the accuracy of our forecasting? Indeed, how accurate can we expect our demand forecasting to be? Read more