A reoccurring challenge in comparing and combining diverse time series in demand forecasting is the “scale” – as it is in combining metrics. Rescaling is a powerful but simple method to help with this issue enabling demand planners to focus on similarities of shape. This blog provides an example of one method called normalization.
Learn how to combine very different metrics/KPIs towards a composite score, this is a question that comes up quite often in my conversations with customers.
In this blog, we will demonstrate the link between Finance and Supply Chain and how this understanding can help define supply chain improvements by understanding elements of the Balance Sheet and Income Statement.
Recently, we have heard about several product shortages and other issues in the supply chain. Let us try and make sense of some of these in this blog. As I live in the US, my experience is somewhat limited to what happened here.
In this blog we briefly cover some key insights for successful time series forecasting: (a) Profiling the Shape of the Curve is the first stage, and the first step is assessing if the time series is stationary. (b) The forecast method identified must capture the shape and be able to project the shape across time. (c) There are limits in historical and no amount of “fancy math” can overcome them.
In the past few days, the news of the blockage of the Suez Canal by a massive container ship called the Ever Given has been dominating the news, so much so, that even kids are talking about it. The phrase ‘supply chain’ is now being mentioned more often than ever before in news media. Some outlets have estimated the cost...
For your business to effectively carry out the supply chain planning process, you will need to link up your short-term and medium-term, to the executive level S&OP plan so that it drives your tactical planning and operational planning.
We are pleased to announce that due to the amazing support of Arkieva customers, Arkieva has been named as a Visionary in the 2021 Magic Quadrant for Supply Chain Planning Solutions.
We often see companies wanting to make the transition from spreadsheet-based planning to a best-of-breed supply chain planning system. There is often a question about where to start, what the foundational elements are, and which are the more advanced elements.
The purpose of this blog is to explain a basic costing challenge in factories and their impact on critical SCM analysis and decisions.