Tools of the Trade: Production Activity Alternative Views – “Starts” and “Outs”
Since the beginning of time, alternate but related views of production have existed: historically called “starts” and “outs”.
Since the beginning of time, alternate but related views of production have existed: historically called “starts” and “outs”.
Successful demand planning requires a stable and sustainable planning process that is continuously reviewed and improved.
Businesses spend a lot of time and money in improving their demand planning. However, the ROI is not always forthcoming. How much is a 1% improvement in forecast accuracy worth to the business?
This blog discusses how utilizing a semantic parsing method can help a less experienced user transform their data questions into advanced database queries, and how it can help detect errors in datasets.
It seems we are always reinventing ourselves to meet the latest challenges. Often the solution comes down to managing people, process, and technology.
Natural language processing (NLP) in supply chain software can increase accessibility to more users. Find out how your organization can benefit.
In previous “tools of the trade” blogs, the focus has been on conveying a basic understanding of core technologies critical to improving supply chain management decision making. Other blogs have focused on investing in technology. As with any investment there are risks to success. This blog focuses on the need for a small group driving technology that upsets the social order called agents of change (AOC).
Industry analysts, big-time consultants, and your peers are all talking about technology, digital transformation, and the future of the supply chain. It can seem like a lot of noise given the day-to-day pressure you feel while working to ensure that inventory is on hand and positioned where it is supposed to be. With all you have on your plate, are you aware of the signs that it is time for a change?
With the new year comes pundit “prediction season”. It seems that anyone who can type will post their list of things to look out for. It’s human nature to look ahead and anticipate what may be. We all look back to look forward – just like a good demand forecast does. And if you think about it, most calendar-year business plans are in truth, predictions about the year to come.
If one is going to forecast demand into the future, it would make sense to get as true a picture as possible. For that, starting with historical demand would be the obvious choice. Choosing this data as the basis for forecasting would ensure the best possible projection out in the future.