Demand Forecasting

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Artificial intelligence

5 Benefits of artificial intelligence in supply chain management

As global supply chains become more complex, disruption in one link can significantly impact other areas. Therefore, it is essential...

chain on a city background building supply chain resilience

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Five steps to building a resilient supply chain

In the face of unprecedented global events that have posed significant challenges to businesses across the supply chain, the importance...

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Supply chain risk mitigation

As we ride each wave of supply chain disruption, we hope it will be the last. However, the world is...

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How to manage dead stock

Having enough stock to meet demand is fundamental to stock-holding businesses. Running out of stock leads to lost sales and...

Broken chain with the broken link glowing red at the ends improving inventory planning during times of disruption

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Improving inventory planning during supply chain disruption

This post focuses on inventory planning and optimizing stock levels during periods of supply chain disruption and erratic customer behavior....

A close-up of a laptop with the screen showing a bar chart with orange bars, with a blue line chart over the top. The orange block shows an increasing trend, and the blue line is around the middle of the orange block but ends above it. The background is two shades of orange. How to calculate forecast accuracy and forecast error.

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How to calculate forecast accuracy and forecast error

What is forecast accuracy? Forecast accuracy measures how close your demand forecast is to the actual demand value. You can...

Metal shopping trolley with a yellow handle on a red background

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Overcoming Black Friday purchasing and warehouse challenges

Black Friday (Nov 24 this year) is one of the year’s biggest shopping days when physical stores and eCommerce tempt...

Close up of a tablet in someone's hand showing inventory data with a warehouse in the background managing inventory in a growing business

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How to manage inventory effectively (2024 guide)

Inventory management, business growth and expanding product ranges There are several reasons you could be expanding your product portfolios. Whether...

Red binoculars at a lookout point looking over the horizon as the sun is rising demand planning and forecasting

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Fundamentals of Demand Planning and Forecasting (2024 Guide)

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and...

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Demand forecasting challenges – how to deal with fluctuating demand

Global marketplaces have been rocked over recent years, with customer demand and inventory supply more erratic and complex than ever...

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Overcoming inventory management challenges

Chaos has rocked the world the last few years. The global pandemic, continuing extreme weather events, conflict and natural disasters...

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Sustainable Supply Chain Management Software

Improving businesses and the environment In today’s fast-paced business landscape, inventory management plays a crucial role in determining a company’s...