Demand Forecasting, Sales Planning, Big Data Analytics & IBP
In a previous post I had illustrated how Chronos 2 outperformed the standard Box Jenkins and Holt Winters forecasts from Python as well the forecasts from a popular Commercial time series forecasting … Read More
Foundation Model Amazon Chronos on Airline data We tested the Chronos Foundation model with just one simple time series data set that is available everywhere – the Airline Passenger … Read More
In the post-pandemic World, it’s becoming increasingly important for companies to capture true demand – what the customers really wanted to buy rather than observing just what was shipped Understanding … Read More
There are major headwinds facing global supply chains heading into 2023. Are you ready and prepared for the storm?Here is a summary of the major threats that we need to … Read More
Zillow blew up last week – shut down their home buying business division and laid off a quarter of their workforce.Why?Some data science warriors on Linked-in are waging a war … Read More
If your company is concurrently experiencing growing backorders and ballooning inventory, you may be impacted by Sales Order Deadlocks. Sales Order Deadlocks occur when you have multiple orders with a … Read More
When calculating true demand, we need to classify the orders into the true month of demand – it depends on when your customers wanted the product. CRDD = Customer Requested … Read More
A year ago in May of 2020, Crude oil futures went negative to as low as -$37 a barrel. It actually meant people have to pay someone to take their … Read More
CPFR – Collaborative Planning, Forecasting, and Replenishment. Valtitude can help you implement a CPFR integrated demand planning process.
In this context, we should re-examine the over-arching objective of a supply-chain.
I had posted a poll on what should this be on Linked-in asking which one of the following should be the key objective?
Improve demand forecast accuracy for better visibility
Increase Customer order fill rates and improve customer service
Improve in-stock levels at your customer to minimize supply disruptions
Minimize your DC inventory
