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Sorry Planners, Your Plan is not Necessarily a Quality Decision

Supply Chain Trend

Decision making According to authors of the book Decision Quality , a decision is only made when resources are irrevocably allocation to the execution of the decision. Without it, multiple planning options, as advanced as they may be, remain calculations , maybe insights, at best recommendations. So, what’s that?

Quality 88
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2024 Manufacturing Industry Trends

Supply Chain Brain

The Manufacturing sector is swiftly integrating new technology to fulfill requirements in demand planning, quality control, sustainability, and supply chain objectives.

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Cross Purposes: Does demand planning belong with merchandising or supply chain?

The Network Effect

Then I proceeded to describe the differences in skill sets, business relationships and aptitudes between a Demand Planner and a Supply Planner. Who does the Demand Planning group report to?”. The goal of the demand planning process is to create a sales forecast that is as accurate and unbiased as possible.

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A Demand Plan Sanity Check: Five Best Practices

Supply Chain Action Blog

There is a process that is fast becoming a necessary and key component of both demand planning and sales and operations planning. I have heard it described as “forecastability”and “demand curve analysis”, among other terms, but, here, I will call it a “Demand Plan Sanity Check” or DPSC for short.

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Does Your Demand Planning Process Include a “Quantitative Sanity Range Evaluation”?

Supply Chain Action Blog

There is a process that should be part of both your demand planning and your sales and operations planning. A quality quantitative forecast. If you are engaged in demand planning or sales and operations planning, I welcome to know your thoughts on performing a QSRE. A sanity range out through time.

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The Beautiful Complexity of Procurement Planning

The Good Spending

We must operate the inventory management plan to estimate the inventories at the beginning of the new budget period. You can easily download inventory reports when planning, but that would happen around Q3, while you need to forecast Q1 next year. Demand planning and consolidation 4. Each chunk of demand (e.g.,

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How Did AI Hurt Red Lobster But Help ALDI?

Procurement Insights

Kenny’s decision came “in apparent coordination with Thai Union and under the guise of a ‘quality review,’” Red Lobster said. Under Kenny, Red Lobster also cut two of its longtime shrimp suppliers— and competitors to Thai Union — to purchase more shrimp from Thai Union at higher costs, according to Red Lobster’s bankruptcy filing.