Avercast

Ready to energize and boost your business? Then get ready to AMPLIFY. Registration is now open for Amplify: 2024 TransImpact User Conference on October 7-9 in Cleveland. Early bird pricing applies until August 16th, so don't delay. https://hubs.li/Q02G6ntn0 #Avercast #TransImpact

Finding the right supply chain software to optimize inventory levels and enhance overall inventory management efficiency can be challenging. With Avercast, clients gain access to our Inventory Planning Analytics suite, which offers several key benefits, such as Item Performance Tracking. Item Performance Tracking allows demand teams to monitor inventory turnover rates while comparing actual stock levels against target levels. If items are moving too quickly, the system will raise an alert to watch for stockouts. Similarly, inventory that's moving too slowly will receive an overstock warning. For more information on Item Performance Tracking or to schedule a demo to view Avercast, schedule a demo today: https://hubs.li/Q02D9Hfp0 #SupplyChain #InventoryManagement

Spreadsheets are dead...or are they? One of the most hotly debated topics in demand planning is whether spreadsheets are efficient enough to forecast and manage inventory at scale. Proponents of the gridlines often emphasize the trust factor that comes with using spreadsheets. When a team utilizes software like Excel, there is a sense of familiarity and trust that comes with the platform. Planners can see exactly what data has driven the expected forecast, providing a reassuring sense of control. On the other side of the fence, supply chain professionals tend to claim that spreadsheets can only get an organization so far. At some point, the SKU catalog gets too large, or the data sets become unmanageable, and what typically happens is forecasting accuracy plummets, highlighting the need for a more advanced solution. Many supply chain practitioners also support dedicated forecasting software over spreadsheets for the following reasons: ☑️ Spreadsheets often lack real-time data access ☑️ Spreadsheet reporting can take multiple hours to complete ☑️ Spreadsheet data is often inaccurate due to manual data entry errors ☑️ Spreadsheet forecasting can cause strained communication across departments So, what do you think? Are spreadsheets still effective enough for businesses to not need demand forecasting software, or is a data-driven supply chain solution a must? #SupplyChain #Forecasting #InventoryManagement

Demand forecasting software shouldn't just help the planning and operations department. With Avercast, teams across the organization can use the system to gain insights into financial decisions and sales information. Discover how Avercast is improving collaboration throughout the organization — https://hubs.li/Q02Cv3x60 #DemandForecasting #SupplyChain

As a D2C or Supplier Brand, having control over your inventory is crucial. Issues can quickly occur without the appropriate data and forecasts, leading to lower customer satisfaction levels. If you're looking for an analytical approach to improving inventory management and driving recurring revenue, stop by Booth #302 to speak with the TransImpact and Avercast teams. #SubSummit #D2C #TransImpact #Avercast

There has been a recent manufacturing renaissance in the U.S., with spending on new manufacturing construction increasing by 40% year-over-year. While the drive to revive manufacturing has brought about numerous advantages, it's crucial to acknowledge that U.S. manufacturing is currently grappling with some pressing challenges that demand immediate attention. At the moment, five issues are slowing the progress of bringing manufacturing back to the United States: ☑️ Securing enough resources to power manufacturing facilities ☑️ Identifying ways to improve labor shortages ☑️ Navigating extreme weather patterns and natural disasters ☑️ Maintaining a strong supply base ☑️ Managing the increased regulatory environment on a local, state, and federal level Which of the five challenges do you think pose the biggest hurdle for manufacturers in 2024 and beyond? https://hubs.li/Q02BJd490 #SupplyChain #Manufacturing

In the past, organizations used offshore production as a competitive advantage. However, a recent report by Capgemini found that 492 out of 600 U.S. manufacturers planned to move a substantial amount of production for American markets, either onshore or nearshore, within the next three years. With an estimated $1.4 trillion investment by companies to make the transition happen, many businesses will turn to cutting-edge technology that features AI and ML to help with the transition. As pressure builds for supply chains to boost reliability, many manufacturers will also look to improve other areas, including demand forecasting accuracy and inventory management. What impacts do you think this immense shift in the global supply chain will have on domestic companies? https://hubs.li/Q02By7VF0 #SupplyChain #Manufacturing

Organizations can improve the precision and effectiveness of demand forecasting in several ways, including using a Forecast Waterfall Report. The Forecast Waterfall Report in Avercast software provides a comprehensive view of the demand prediction process, incorporating four distinct perspectives — customer, salesperson, statistical, and consensus. With the data-driven report, companies can: ☑️ Pinpoint discrepancies between forecasts and actual outcomes ☑️ Identify patterns or anomalies suggesting areas for improvement ☑️ Gain a better understanding of the impact of external and internal factors on demand Schedule a demo today for more information on how Avercast reports can help diagnose forecasting inaccuracies and improve overall demand planning — https://hubs.li/Q02BrhTB0 #InventoryManagement #DemandForecasting #SupplyChain

Organizations have always known the importance of technology in the workplace. However, recent disruptions to supply chains worldwide over the past five years have revealed just how valuable software can be. The ability to harness data, AI, and analytics to forecast demand, particularly during turbulent times, has emerged as a powerful competitive advantage in the marketplace. Without a demand forecasting tool, companies realize too late that their inventory predictions are incorrect, leading to costly stockouts and excess carrying costs. As companies struggle to obtain essential supply chain software, the CFO's role in evaluating potential solutions will become even more crucial. Along with financial impact, what other issues have you seen arise in organizations due to a lack of supply chain software? https://hubs.ly/Q02zYlct0 #SupplyChain #SupplyChainSoftware #DemandForecasting

For many companies, implementing effective sustainability initiatives is a top priority in 2024 but has proven challenging due to data-sharing problems. However, issues with data-sharing don't stop at the supplier/manufacturing level, as many organizations also struggle with internal data silos that hinder communication. Without proper insight, it's challenging for multiple departments to see the same data simultaneously. One way for businesses to navigate the web of data sharing is through technology. Some supply chain technologies allow multiple departments to review and access the same inventory data in real-time, providing an opportunity for greater collaboration. What strategies do you think can help companies improve data sharing both internally and externally? https://hubs.li/Q02ySyGF0 #InventoryManagement #SupplyChain #DemandPlanning #Sustainability