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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. Even in 2014 when Gartner wrote a case study about Danone using our machine learning to help forecast promotions, it was barely a blip on the horizon. See diagram above ).

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Supply Chain Forecasting & Planning Conference 2014

Supply Chain Movement

Supply Chain Forecasting & Planning Conference. Date: 19-21 november 2014. Supply Chain Forecasting and Planning Conference. Forecasting is a key element of any supply chain or S&OP Process. Getting the forecast right” at least gives you the opportunity to deliver real supply chain improvement. Beiersdorf.

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Why CPG Demand Forecasting Has Hit a Ceiling

ToolsGroup

Most CPG companies have hit a demand forecasting ceiling. And complexity creates a challenge of how to forecast accurately when faced with new items, new channels and demand shaping. Recent evidence strongly suggests that traditional forecasting techniques in this environment have reached their limits and hit a ceiling.

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Tweet chat: Improving supply chain for 2014

DELMIA Quintiq

What are your plans for managing supply chain complexity in 2014? How do you plan on addressing forecasting and demand sensing next year? Supply chain complexity is increasing and it’s time we rethink our strategies. Is it time to invest in new tools? What upcoming trends will you be leveraging?

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Church & Dwight Improves Forecasting

Supply Chain Movement

“Supply chain performance starts with the quality of the forecast, and in today’s volatile markets forecasts based on historical sales are no longer sufficient to meet our goals,” said Andrew Yeager, Director, Supply Chain Planning at Church & Dwight in a press release of 2 April 2014.

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A Fast Solution To Slow Movers in Blue Yonder Fulfillment

BlueYonder

Any SKU that is currently stocked at the proper level (usually called a presentation stock) and has any forecast at all will call for a replenishment as soon as possible. And finally, Blue Yonder Slow Mover logic makes shipments to the stores dependent on whether the store is likely to sell an item anytime soon, based on the forecast.

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Top 15 Logistics Stories of 2022

Logistics Viewpoints

ARC Advisory Group began conducting formalized research on the global warehouse automation market in 2014. billion globally, and I forecast it to grow to $9.9 In my own defense, things kind of took off after 2014. Can Improving Forecast Accuracy Address Our Demand Planning Woes? billion in 2019. Well, I am saying it.