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…
3 Important rules for Demand planners Demand planners are like helpers for store owners.They make sure the store has the right amount of things for people to buy.But, they need to remember some important rules to do their job well. 1️⃣ One rule is to 𝗟𝗼𝗼𝗸 𝗮𝘁 𝗽𝗮𝘀𝘁 𝘀𝗮𝗹𝗲𝘀.This means Read more…
𝘞𝘩𝘢𝘵 𝘪𝘴 𝘔𝘦𝘳𝘤𝘩𝘢𝘯𝘥𝘪𝘴𝘦 𝘗𝘭𝘢𝘯𝘯𝘪𝘯𝘨? Merchandise planning is like picking out the clothes you want to wear.Store owners want to make sure they have the right clothes in their store for people to buy.So, they plan by looking at different parts of the process. 1️⃣ One part is 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗔𝘀𝘀𝗼𝗿𝘁𝗺𝗲𝗻𝘁.This means 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…
Magnus Carlsen (Norway)Dhyan Chand (India)Michael Jordan (USA) The greatest players, or the “GOATs,” in any sport have the power to inspire audiences around the world. These athletes have earned their titles through– exceptional talent,– hard work, and a– relentless pursuit of greatness. The impact they have on their sport is 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…
Bringing alignment across various teams is critical for high effectiveness. When it comes to making a supply chain work well.The most important thing is making sure everyone is on the same page about what the goal is.This is called “Alignment” If everyone knows what they’re working towards:– it makes it 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…