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ToolsGroup
FEBRUARY 21, 2018
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 ).
QAD
MARCH 30, 2023
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. Passive Ultra High Frequency (UHF) tags are frequently used to track consumer products. RFID tags can reduce out of stocks by up to 80.3%
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Enterra Insights
AUGUST 18, 2021
He observes, “The good news is that, given our research suggests a lack of understanding rather than a complete lack of interest, the industry redoubling its efforts to educate and inform manufacturers should be able to turn this situation around. Over 76% of early adopters claim IoT solutions are increasing insight into customer preferences.”[5].
Enterra Insights
OCTOBER 30, 2018
Every day new articles are published about the importance of artificial intelligence (AI) for businesses hoping to remain competitive in the coming decades. More often than not, those articles are referring to a subset of AI known as machine learning. Transportation (demand forecasting). Education (research insight).
MIT Supply Chain
SEPTEMBER 25, 2014
The MIT CTL researchers developed models to show how a leading CPG manufacturer can use large volumes of POS data to improve supply chain performance. To illustrate the value of this data source, the researchers focused on the potential for reducing two key manufacturing costs: change over and inventory holding costs.
Precoro
JULY 8, 2022
In the article, we look critically at the role of the purchasing manager and discuss how to determine the value of hiring one. Reducing the price on the tag while maintaining the quality is often a crucial market advantage. It lowers the cost of production and, subsequently – prices for the end customers.
Unleashed
AUGUST 12, 2021
In 2021 the alternative protein market is estimated to be worth US$14 billion, and this is predicted to continue rising – with growth tagged to be as high as 50% over the next few years. The soy milk market, for example, has grown rapidly in recent years and is forecast to reach more than US$11 billion by 2025.
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