Remove Benchmarking Remove Forecasting Remove Inventory
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ToolsGroup Recognized as a Clear Industry Leader by QKS Group Review for Redefining Probabilistic Forecasting and Powering Proactive Orchestration

ToolsGroup

The review evaluates vendors on their ability to deliver probabilistic forecasting, which QKS notes, “is no longer a strategic advantage—it’s the bare minimum for retail demand planning and supply chain resilience.” It isn’t just forecasting demand; they’re orchestrating it.

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Forecasting New Product Demand with AI and Machine Learning

E2open

Why new product demand forecasting is challenging Walk into any Target and head to the shampoo aisle. For businesses, this creates a high-stakes challenge: how to forecast demand for an ever-changing product portfolio. Overforecasting demand leads to cash tied up in excess inventory as products collect dust in storage.

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E2open Releases 2024 Forecasting and Inventory Benchmark Study: Lessons from the Pandemic for Future Resilience

E2open

The latest study highlights opportunities for businesses to strengthen resilience with artificial intelligence (AI)-driven demand sensing to optimize inventory, realize more value from planning investments, and better serve clients during disruptions of any size. Orlando, FL – October 2, 2024 – E2open Parent Holdings, Inc.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely! This increases sales.

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The Bumpy Road to Building Outside-in Processes

Supply Chain Shaman

Neil’s post in response to my post of Driving Value From Outside-in Planning : In her post, ‘Driving Value from Supply Chain Planning’, Lora Cecere provides great supply chain analysis and benchmarking for her supply chains to admire. The biggest issue with CPFR was the quality of the customer forecast.

Modeling 320
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The Data-Driven Supply Chain: AI, Cybersecurity, and Real-Time Monitoring

Logistics Viewpoints

Among Tier 1 retailers and logistics service providers, AI is embedded in planning, inventory control, and exception resolution. Smaller enterprises, however, often remain limited to off-the-shelf forecasting tools or point solutions without broader system integration. shifting macroeconomic indicators).

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Here’s How to Measure Inventory Health

ToolsGroup

Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.” This is different from problematic ABC inventory classification.

Modeling 317