Statistical Forecast for Better Demand Planning

Using a statistical forecast as a starting point often proves to be a solid start to a collaborative Demand Planning process. First, why do companies forecast? There are several benefits of more accurate forecasts:Improve customer service levels.Increased sales.Reduced cost of carrying inventory.Improved cash flow projections.Production smoothing (level loading).Reduced employee costs.Increased…

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7 Tips to Jumpstart Your Supply Chain Planning

Do you enjoy managing your supply chain? Too many managers answer that question with a clear "no." It's true that supply chain management can be stressful, as keeping good flow of your in-and-out inventory can be the difference between turning a profit or taking a loss. But in reality, managers…

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Inventory Forecasting with MaxQ Technologies

Inventory forecasting is estimating the quantity of particular products which your company needs on hand in order to meet the future requirements of your customers. Essentially, it involves educated guesses based on the (hopefully) effective interpretation of quantitative sales data from test markets. The acquired information can then be implemented in…

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About Distribution Software

About Distribution SoftwareDistribution Software is a software solution that aids an organization in their supply chain process. Most companies have more than one department that directly affect inventory. Using distribution software can greatly help with inventory management.In general terms, inventory management refers to the method a business uses to handle its…

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