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[SUMMARY]10 Tips for Demand Planners https://lnkd.in/gK4pbvK6 Some Rules to Keep in Mind for Demand Planners 1.𝗗𝗼𝗻’𝘁 𝘁𝗿𝘂𝘀𝘁 𝘆𝗼𝘂𝗿 𝗴𝘂𝘁 𝘄𝗵𝗲𝗻 𝗶𝘁 𝗰𝗼𝗺𝗲𝘀 𝘁𝗼 𝗱𝗲𝗺𝗮𝗻𝗱 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴, 𝘁𝗿𝘂𝘀𝘁 𝘆𝗼𝘂𝗿 𝗱𝗮𝘁𝗮! Because you think a certain product is going to be hot, doesn’t mean it will be.For example, don’t stock up on “unicorn Read more…

Rules to keep in mind for Demand planners (3/3) 7️⃣ 𝗗𝗼𝗻’𝘁 𝗼𝘃𝗲𝗿𝗹𝗼𝗼𝗸 𝗹𝗲𝗮𝗱 𝘁𝗶𝗺𝗲 𝘄𝗵𝗲𝗻 𝗶𝘁 𝗰𝗼𝗺𝗲𝘀 𝘁𝗼 𝗶𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁. Lead time is the time it takes for an order to be received from the supplier. So it’s important to factor in lead time when ordering inventory.Don’t expect to find Read more…

Some Rules to Keep in Mind for Demand Planners (Contd.) 4. 𝗗𝗼𝗻’𝘁 𝗽𝘂𝘁 𝗮𝗹𝗹 𝘆𝗼𝘂𝗿 𝗲𝗴𝗴𝘀 𝗶𝗻 𝗼𝗻𝗲 𝗯𝗮𝘀𝗸𝗲𝘁 𝘄𝗵𝗲𝗻 𝗶𝘁 𝗰𝗼𝗺𝗲𝘀 𝘁𝗼 𝗱𝗲𝗺𝗮𝗻𝗱 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝗶𝗻𝗴 𝗺𝗲𝘁𝗵𝗼𝗱𝘀. It’s important to use a variety of methods to get the most accurate picture of demand.For example, don’t rely on your gut feeling or Read more…

Starting a Series of ’10 rules to keep in mind’ for Demand Planners.Here’s the first three. Some Rules to Keep in Mind for Demand Planners 1.𝗗𝗼𝗻’𝘁 𝘁𝗿𝘂𝘀𝘁 𝘆𝗼𝘂𝗿 𝗴𝘂𝘁 𝘄𝗵𝗲𝗻 𝗶𝘁 𝗰𝗼𝗺𝗲𝘀 𝘁𝗼 𝗱𝗲𝗺𝗮𝗻𝗱 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴, 𝘁𝗿𝘂𝘀𝘁 𝘆𝗼𝘂𝗿 𝗱𝗮𝘁𝗮! Because you think a certain product is going to be hot, doesn’t Read more…

What are the key components of demand planning? 𝘞𝘩𝘢𝘵 𝘪𝘴 𝘋𝘦𝘮𝘢𝘯𝘥 𝘱𝘭𝘢𝘯𝘯𝘪𝘯𝘨? Demand planning is like making a shopping list for a store.Store owners want to make sure they have enough of the things that people want to buy. So they plan ahead by looking at different parts of the Read more…

Enterprise Resource Planning (ERP) systems like SAP and Oracle have become increasingly popular in today’s business world.But did you know that these big ERP systems are not always the best choice for specific tasks like planning, inter-store transfers, and changing stock targets? ERP systems are like big toy boxes with Read more…

Supply chains unique,Embrace the unknown,Discover all that’s yet to do. No two supply chains are the same,Each one is unique in its own way.No one company has it all figured out,There’s always more to learn and say. Leave school with a solid foundation,Of concepts and theories true.But realize that these Read more…

Are we aware of the trade-offs that our current supply chain has? Being mindful of our choices is the first step in getting better. We call it ‘supply chain’ when we make decisions about getting things from the manufacturing place to the store where people buy them. But sometimes, we Read more…

Everyone likes Benchmarking.But, it may hide more than what it reveals. Instead of benchmarking, are you better than before? Why Benchmarking for Supply Chain is Not Easy Benchmarking is like comparing how well you did on a test with how well your classmates did on the same test. It’s a Read more…