|
|
 |
 |
 |
Series: The Ultimate
Supply Chain Irony
Part 2: Forecasting Isn’t Just for the Weather
Last issue, we tackled the ultimate supply chain irony by pointing out common replenishment
mistakes and how to fix them. This time, it’s
time to talk about the backbone to a great, efficient and profitable supply chain
– demand forecasting.
As the last article discussed, while having out-of-stock products means that some
shelves and warehouse racks are empty, the irony is that there are billions of dollars
wasted each year in excess stock. Poor demand forecasting contributes to that irony
too.
Much like the forecasting the weather, forecasting demand isn’t an exact science.
However, with the right solutions, companies can create accurate demand forecasts
that reduce excess stock, limit out-of-stocks and increase profitability.
|
 |
 |
 |
 |
 |
New Customers - Welcome
on Board!
 |
Carolina Pad
Carolina Pad is a leading supplier of fashion school and office products and one
of the fastest growing stationery companies in the world. Its school, office, and
arts and crafts products can be found at mass merchant, office supply, grocery and
drug stores. Carolina Pad is migrating to JustEnough’s Sales Planning and Demand
Planning solutions.
|
 |
 |
CHEP
CHEP is a global leader in pallet and container pooling services, serving many of
the world’s largest companies. CHEP issues, collects, conditions and reissues more
than 300 million pallets and containers from a global network of service centers,
helping manufacturers and growers transport their products to distributors and retailers.
CHEP will be using JustEnough’s OnDemand platform for demand and supply planning.
|
|
 |
 |
 |
|
|
|
|
What’s New at JustEnough?
Come See us at Material World & Technology Solutions April 21-23
An official event of the American Apparel and Footwear Association, this expo is
the global fashion and style production event for the apparel and home furnishings
industries. As an exhibitor, JustEnough plans to showcase how their software solutions
brings statistical trends and fashion trends together for accurate planning through
to execution. The expo is free to attend. Past attendees include Gap, Liz Claiborne,
Perry Ellis International and Target Corporation.
To learn more about the Material World & Technology Solutions event or to register
to attend, click here. If you’re already coming, stop by booth
#629 and ask for a Waste Warrior button to wear for a chance to win a new iPod Shuffle!
|
|
|
|
 |
|
|
|
What We're Reading
IndustryWeek.com
Customer Demand Seen as Main Financial Obstacle in 2009 for Industrial Manufacturers
“93% of CFOs say an inability to measure customer demand is among their top three
external concerns… It's not credit crunch that is having an adverse direct impact
on midsized U.S. manufacturers, rather it's customer demand.”
Read the full article
SupplyChainDigest.com
SMBs Should Invest in Supply Chain Technology NOW?!?!
On-Demand Supply Chain Solutions Change the Financial Dynamics, and May Help Improve
Cash Flow Right Away
“Business leaders everywhere are addressing the current global economic crisis by
‘hunkering’ down and cutting costs. Sometimes, however, you need to spend a little
to save a lot and make a move while others stand pat… Small and medium-sized businesses
(SMBs) can use supply chain technology implementations to reduce costs and increase
profits.”
Read the full article
SupplyChainBrain.com
Global Economic Crisis Demands New Strategies for Managing Global Supply Chains
“In previous economic downturns, enterprises could rely on brute force approaches,
such as a hard 20% inventory cut across all items and locations, to reduce inventories
as demand waned, but with the long lead time of modern global supply chains, businesses
will need to employ more-sophisticated approaches.”
Read the full article
|
|
|
|
|
