Many companies do not have a process for archiving or tracking stockouts, even though they can have a significant impact on sales. This...
SKU SCIENCE BLOG
Demand forecasting & supply chain KPI
Challenge your sales team's forecasts with KPIs
To improve the performance of your supply chain, it is essential to have the right tools to support demand planning within your S&OP....
How to set up a demand forecasting process
Forecasting demand is always a means to an end, not the end itself. A forecast is only relevant if it enables a supply...
6 tips to get reliable demand forecasts post-COVID-19
The COVID-19 crisis has impacted all demand forecasting models, whatever your industry. Depending on the type of items you’re dealing with (low vs...
What is the right inventory policy for your business?
Whatever your activity, optimizing your inventory management is key to reducing the many associated costs, such as capital investments, risks, deterioration, insurance, personnel,...
How to detect outliers for improved demand forecasting
Most supply chains expect some demand variability and therefore, one must choose the correct forecast model, as can be seen in our previous...
How to improve your S&OP thanks to forecast KPI
The S&OP process requires the correct use of demand forecasting methods, as described in previous articles. However, it is essential to efficiently monitor...
Adding seasonality to demand forecasting
Seasonal products are common in many industries and can involve a large number of factors such as the influence of seasonal weather changes...
Improving demand planning with a double exponential smoothing model
Accuracy in the demand forecasts for the Sales and Operations Planning (S&OP) process is extremely important and is fundamental to its success within a...
How to pick the best demand forecasting method to improve demand planning
Future demand forecast is the basis for all strategic and planning decisions in a supply chain. A company defines its efforts according to...