Hottest Summer Topics of 2013: LeadTime and Seasonality
LeadTime and Lead Time Forecasting Do’s and Don’ts
The Unseen Dangers of Seasonality in Your Inventory
Read the Top Blogs of Summer 2013 Now: Find Your Opportunities
A little Demand Forecasting Mistake that Cost a Retailer >$250,000
Do you know the types of Demand and how each is managed in your supply chain? ‘Lost Sales’ are mis-used and not understood by many companies. Lost Sales are not rain checks and not the same as out of stock; sadly many retailers lose a fortune due to the lack of a lost sales strategy in their supply chain. This was the #1 summer story and ties to another top blog: Differences between Demand Forecasting and Sales Forecasting for Inventory Replenishment
Do You Make These Mistakes with Slow Demand Products?
Replenishment Errors with slow demand products often deliver out of stocks that can be avoided with good demand forecasting and service level planning. You need the right demand forecasting software and the right plan to manage Slow Movers. Read and Compare how you measure to others.
Seasonal Indexes Serve Up Lost Sales and Low Service
Seasonality is in reality a multiplier that was first seen in replenishment systems of the late 90’s like Inforem. The problems in old and some new forecasting systems with seasonality still exist today: how and where to adjust seasonality when events occur in different fiscal weeks between years; what is the best method to create a seasonal index; how are seasonality and market trends different. Read on to see why.
Do you make these mistakes with Lead Time?
Lead Time Days and Supplier Lead Time Quoted can wreck your inventory investment. Learn from others: what to track and how to improve your Lead Time processes. Tracking your Lead Time variance and vendor fill rates is not enough to improve your replenishment, Do You know Why? – Hint: think about how changing lead time impacts a ‘just in time’ inventory order date. Limited Time Offer Free Lead Time Forecasting Kit.
Differences in Inventory Replenishment Methodology: Facts and Myths
Inventory Replenishment uses a tops down ~push OR bottoms up ~pull methodology. While a top down push is easier to plan, it costs more to manage and isn’t customer centric. A bottom up pull methodology is driven by service, not plan. Bottom up is customer centric, reacting faster to market changes, and costing less to operate. Your software cannot run both its impossible, there must be a parent child relationship. Learn the differences and when each method is best used in your business.
Get Accurate LeadTime and Seasonality Demand Forecasting Now
Managing Lead Time, Seasonality, Slow Products, When to place a PO, and Lost Sales will still ultimately depend on the accuracy of the Demand Forecast. We see in each of the 5 blogs that Demand Forecasting accuracy is central to the success of each process. Key industry analysts Gartner, IDC and AMR continue to focus in 2013 on Demand Forecasting. We believe the industry is starting to follow these ideas based on what was read the most and we believe this is a good for our industry and job growth.
Get Accurate LeadTime and Seasonality Demand Forecasting Now
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