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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. Probabilistic demand forecasting, in contrast, provides a full probability distribution, revealing actual purchasing patterns and enabling inventory planners to align stock levels with demand realities.

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Manufacturing ERP Software Comparison: Guide to Buying in 2025

RFgen

JD Edwards EnterpriseOne: This platform specializes in discrete manufacturing , excelling in areas like shop floor control, quality management, and detailed product costing. Its in-memory database technology enables real-time data processing and analytics. Improved decision-making comes from real-time data analytics and reporting.

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Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

The latest ML algorithms can detect subtle shifts in consumer sentiment that precede actual purchasing behavior changes by weeks or even months. ML excels in these scenarios, quickly identifying and adapting to intricate seasonal patterns and trends that traditional statistical methods miss entirely.

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Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

Today, supply chain excellence matters more than ever. Until there are clear answers, business leaders should avoid buying software from companies with deep investments by venture capitalists. Kinaxis Purchase of Rubikloud. The purchase of Rubikloud by Kinaxis shows just how little the Kinaxis team knows about demand management.

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Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

I wanted to say, “You let the consultants influence you to buy the wrong technologies based on IT standardization. To do this companies need to use channel data to decrease demand latency, and then use pattern recognition and advanced analytics to define buffer strategies. Most planning happens in Excel Spreadsheets.

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Dancing in the Ring of Fire

Supply Chain Shaman

Each executive has a different perspective on the definition of supply chain excellence, but they are never discussed and aligned. His organization purchased an advanced planning technology from well-known best of breed provider, and the implementation should have been successful, but it was not. What Is The Ring of Fire?

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Procurement & Supply Chain Management: Aligning for Operational Excellence

Procurement Academy

This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence. The result is a more transparent, accountable supply base that supports both cost-efficiency and operational excellence. Theyre still too often stuck in their own lanes. It doesnt have to be that way.