Remove articles tags
article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2023 supply chain and logistics management trends

EazyStock

The supply chain world has been rocked repeatedly over the past few years due to global issues such as the Covid-19 pandemic, shipping container shortages, catastrophic weather events, and socioeconomic issues – many outside our control. To make it easier, supply chain professionals must understand potential risks to mitigate their impact.

article thumbnail

2023 supply chain and logistics management trends

EazyStock

The supply chain world has been rocked repeatedly over the past few years due to global issues such as the Covid-19 pandemic, shipping container shortages, catastrophic weather events, and socioeconomic issues – many outside our control. To make it easier, supply chain professionals must understand potential risks to mitigate their impact.

article thumbnail

How Manufacturers Can Take Control of Inventory with RFID Technology

QAD

Labor shortages, inflationary pressure, recessionary risk and supply chain disruption will all persist, at least to some degree, through 2023 and we all know there’s no sure way to safeguard your operations. Passive Ultra High Frequency (UHF) tags are frequently used to track consumer products. What is RFID Technology?

article thumbnail

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

Unleashed

Machine learning is changing nearly every aspect of the supply chain and how we deliver goods to customers. In this article, we explore the potential of machine learning in supply chain management and the different types and uses of the technology. How is machine learning used in supply chain management?

article thumbnail

Winter Can Turn All Supply Chains Cold

Enterra Insights

The release of Coronavirus vaccines has shone a spotlight on the importance of cold supply chains; however, I want to discuss what happens to supply chains when the weather turns cold. Supply chain managers, however, must think about much more than clearing away snow and poor road conditions. ”[1].