The Checklist for Evaluating Demand Forecasting Solutions

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Demand forecasting is a key decision tool in supply chain planning. Understanding the main drivers of demand and having the ability to accurately predict and test future demand scenarios is crucial for any growing CPG.

Being thorough in your platform search ensures you’ll have a powerful platform that will lead your company’s forecasting capabilities – and sales performance – for years to come.

There’s a lot to consider when it comes to forecasting demand for your business. As the supply chain industry continues to grow, questions continue to arise. 

Why is machine learning important in forecasting? How can day level forecasting help you optimize your supply chain? How do you apply demand forecasting to solve common supply chain problems? 

We have the answers. Your solution should be functional, flexible, and accurate. Our checklist is here to help make sure you never miss a detail. Get your complimentary copy today!

SSO post header

When to do SSOs (Store-Specific Orders)

There are many reasons for creating a store-specific order, but the main idea is that they are entered when a store needs more product than is currently in the pipeline. Here are some reasons for creating an SSO.

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What Are the Most Common Walmart Deductions Codes?

Ever get a check back from Walmart with big, fat negative numbers and some mystery codes attached to them? Walmart will sometimes subtract deductions from your invoiced amount for various infractions and label them with corresponding reason codes. The three most common adjustment codes are 22, 24, and 25.

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Otif Part 3

Improving OTIF Performance

Making sure you are compliant with OTIF requirements can be tricky. You’ll need to do in-depth analysis into potential issues, such as warehouse issues and carrier delays. The various silos of your organization must interact with each other to ensure full compliance and prevent future chargebacks from happening.

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Why is OTIF Important?

Not complying with your purchasers’ OTIF requirements can be very costly, and result in hefty fines. For example, Walmart fines its vendors 3% of the cost of goods sold if the order fails OTIF requirements. In 2016, Target stores increased their OTIF penalties to 5% of the order cost, five times what it previously was. That kind of money adds up!

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How to explain OTIF to your 5-year-old

OTIF stands for On Time In Full and is a key performance indicator (KPI) of your products’ supply chain. OTIF is a crucial measurement of how well your operations team fulfills your orders according to the requirements of your customers.

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