What’s Packaging Waste and Why Does it Matter?
Did you know that 29,000 metric tons of plastic are discarded each year? On top of that, it’s difficult for manufacturers to measure and reduce waste in support of their sustainability targets. What’s Packaging Waste? The packaging footprint refers to the environmental impact of the packaging materials and processes used to create and distribute a […]
Demand Planning
Driving 10 % Points Improvement in Forecast Accuracy for Retail Manufacturer The Challenge: A Fragmented Forecasting Process with Limited Insights The Demand Planner faced a series of hurdles that hindered accurate and efficient forecasting: Solution The Owl’s Demand Planning module went beyond simple forecasting by SKU and categorizing all products in the manufacturer’s portfolio. […]
Demand Planning Best Practices
The Planner’s Guide to Demand Planning Best Practices: What Adds Value and What Doesn’t Demand planners in manufacturing are the backbone of efficient supply chains, ensuring the delicate balance between supply and demand, optimizing resources, and maximizing customer satisfaction. However, many planners often find themselves stuck in tasks that consume time but deliver minimal strategic […]
What is Forecast Value Add (FVA) in Supply Chain?
Forecast Value Add (FVA) is a critical metric in supply chain and demand planning that measures the incremental improvement (or degradation) in forecast accuracy resulting from each step in the forecasting process. FVA quantifies the value added—or subtracted—by various inputs, methods, or adjustments, such as statistical models, manual overrides, or external data integrations. In essence, […]
What is Forecastability Analysis?
What is forecastability analysis? In essence, forecastability analysis refers to appraising your company’s demand scheduling challenges while helping employees focus on addressing demand variability. This process entails segmenting items in various unique ways so that you can establish and apply the appropriate supply chain policies for production and inventory management and inventory planning. You can […]
5 Challenges in Demand Planning for S&OP and How to Solve Them
Effective demand planning is a cornerstone of successful Sales and Operations Planning (S&OP). Yet, manufacturers frequently face challenges in demand planning that derail efficiency, collaboration, and accuracy. Addressing these challenges requires a clear understanding of the obstacles and practical strategies to overcome them. 1. Data Quality Challenges in Demand Planning The Problem:Demand planners often rely […]