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Supply Chain Forecasting with AI

ThroughPut

In the ever-evolving landscape of global commerce, businesses face a significant challenge: the pain of inaccurate forecasts and the relentless pace of market conditions. The agitation stems from the financial loss and operational inefficiencies accompanying these inaccurate forecasts. AI in supply chain forecasting is a game-changer.

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How Not to use Machine Learning for Demand Forecasting

ToolsGroup

Eight years ago ToolsGroup was one of the first supply chain planning software vendors to employ machine learning to improve demand forecasting. As the tag line to a popular commercial goes, by now “we know a thing or two because we've seen a thing or two.”. Statistical forecasting approaches have others. See diagram above ).

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How Manufacturers Can Take Control of Inventory with RFID Technology

QAD

As I discussed in a recent article in RFID Journal , RFID technology has changed a lot since 2005 and could be the secret to ensuring greater visibility and inventory accuracy this year. RFID is a type of automatic identification and data collection (AIDC) technology. RFID tags can reduce out of stocks by up to 80.3%

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Machine Learning in Supply Chain: Definition, Uses, Case Studies

Unleashed

In this article, we explore the potential of machine learning in supply chain management and the different types and uses of the technology. Machine learning is a type of Artificial Intelligence (AI) which can use software, particular systems, or algorithms to analyse data without needing specific programming directions to do so.

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Here’s What You Need to Know About Ecommerce Inventory Segmentation

ShipBob

In this article, we’ll guide you through the intricacies of inventory segmentation, exploring its benefits, outlining how it can be implemented, and sharing insights into how ShipBob leverages this strategy to optimize our own fulfillment services. Inventory segmentation provides the data-driven insights needed for informed decision-making.

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2023 supply chain and logistics management trends

EazyStock

Getting the basics right Improving forecast accuracy Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios. Poor forecasting brings a high risk of stockouts or excess and obsolete stock. You can read more about demand forecasting techniques in our article.

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2023 supply chain and logistics management trends

EazyStock

Improving forecast accuracy. Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios. Poor forecasting brings a high risk of stockouts or excess and obsolete stock. You can read more about demand forecasting techniques in our article.