Logistics Business IT™ Magazine - Leading edge Solutions for Manufacturing & the Supply Chain

Guide to Improving Forecast Accuracy

Improving forecast accuracy is never easy, but is an essential step to lowering inventory levels and the associated carrying costs and scrap. Better forecasts also ensure that the right product is in the right place at the right time, delivering improved customer service levels and reducing the need for fire-fighting and expediting. In these days of complex and extended supply chains, increasing forecast accuracy is a competitive necessity to achieve top-line growth as well as bottom-line profitability.

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Future Logistics – Everything at your fingertips separator

Buy food while waiting for your train. In South Korea it‘s possible. There are huge photos of supermarket shelves in the underground stations. You order with your mobile by scanning in the product codes. E-commerce is booming— across the world. This has resulted in a rise in the number of orders, while the quantities delivered are constantly dropping. On-demand orders are not only a trend among end users, but also among business customers.

Build vs Buy separator

How a company handles its complex selling strategies says who they really are. Great selling execution is more valuable than any amount of money spent in advertising or public relations, because a company’s reputation for excellence travels faster and lasts longer than any ad campaign. And it is more believed and trusted too.

Vendor Selection Checklist separator

Choosing the correct sales and product configurator can be a daunting task. Complex products, services and processes can contain hundreds of thousands of possibilities. To be effective, the sales and product configurator solution needs to: • Simplify and streamline the front-office processes • Empower the knowledge worker and channel partners • Be flexible enough to model your products and processes • Enable your customers by being “easy to buy from”

Supercharge Your Seasonal Management separator

When the snow is piling up a metre deep you simply can’t buy a snow shovel for love nor money. When it rains through July and August the sun cream just sits on the shelves. And regardless of the weather, there always seem to be Christmas cards available at half price around New Year, roses wilting after Valentines and chocolate eggs going cheap after Easter.

Navigating the Price Maze: Smart Freight Cost Calculation separator

Carrier terms and conditions are to supply chain managers what mobile phone plans are to the rest of us: varying price calculation models with all sorts of cost factors and service types weave a tangled web that few can comprehend. The lack of transparency and comparability among the tariffs makes freight cost calculations time-consuming and error-prone. Shipping departments typically work on tight deadlines, and time is a critical factor when it comes to evaluating new carrier charges.