In a previous video we described the power of attribute based forecasting in the Demand Works product called Smoothie. Attributes allow for flexible hierarchies or more accurately in Smoothie, attribute sequences to be created for the purposes of aggregate forecasting, reporting, or simply organization and identification. Attributes are very easily setup in Smoothie and can be setup for any item for which a coding of some type can be applied to a…
In a previous video we described the power of attribute based forecasting in the Demand Works product called Smoothie. Attributes allow for flexible hierarchies or more accurately in Smoothie, attribute sequences to be created for the purposes of aggregate forecasting, reporting, or simply organization and identification. Attributes are very easily setup in Smoothie and can be setup for any item for which a coding of some type can be applied to a…
SCM Focus describes how many vendors have hijaked the terms inventory management and multi echelon when they lack this functionality.
Transcipt
Inventory optimization and multi echelon planning are very specific supply chain technologies that in our opinion, are the most important ways to improve supply planning. However, these terms have been heavily hijacked by many software vendors that do not actually have this functionality. Unfortunately,…
In this video we learned that ToolsGroup began first as a supply planning software company, and then migrated into inventory optimization and multi echelon. Also that a number of acquisition and in the space have combined pure MEIO vendors with large supply chain planning companies. This is consistent with ToolsGroup’s approach to combine MEIO within broader functionality in supply chain planning.
http://www.scmfocus.com/inventoryoptimizationmultiechelon/2010/09/interviews-with-jeff-bodenstab-of-toolsgroup/
Here we received Joseph’s views on how many people that work in supply chain are habituated to the assumption that locations should be modeled as independent islands in the supply network. Joseph also points out that most software actually promotes the well known bullwhip effect because the modeling not sufficiently realistic. He proposes that work by others in this field asserts that the best design is for demand at the bottom of the supply chain…
In this video we learned that ToolsGroup began first as a supply planning software company, and then migrated into inventory optimization and multi echelon. Also that a number of acquisition and in the space have combined pure MEIO vendors with large supply chain planning companies. This is consistent with ToolsGroup’s approach to combine MEIO within broader functionality in supply chain planning.
http://www.scmfocus.com/inventoryoptimizationmultiechelon/2010/09/interviews-with-jeff-bodenstab-of-toolsgroup/
So we learned from Joseph that demand shaping is one thing that clients are asking for. Also that there is a recognition that many supply chain planning systems end up being difficult to maintain. As a personal comment I think Joseph is absolutely right, and I hold the consulting firms as accountable as the the vendors as many solutions are designed without consideration to whether they will be truly sustainable. Its good to see a vendor with an eye…
SCM Focus describes how a new technology to aggregate forecasting called Pivot Forecasting by a company called Demand Works is important for anyone wanting to obtain higher accuracy forecasts based upon aggregation.
Transcript
There is a new way to forecast that we have come across, that anyone that wants to produce higher accuracy forecasts based upon aggregation should understand.
Up until very recently, the majority of demand planning software…
ToolsGroup is an excellent simulation environment. This motivated ToolsGroup to offer a dedicated simulation version of their software. This is lower priced than the enterprise version and can be used to model in a targeted way at a level of detail that the company had probably not modeled at before. After they get comfortable using the application strategically, they can choose to stay there, or move to the enterprise edition.
http://www.scmfocus.com/inventoryoptimizationmultiechelon/2010/09/interviews-with-joseph-shamir-of-toolsgroup/
Focusing on supply chain software. Covers topics related to operations research, software comparisons, implementation advice among other topics related to this area. Like the SCM Focus website, the focus is on education and and undercutting many of the myths of software implementation.
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