Remove forecasting-and-demand-planning-age-machine-learning
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Success Strategies for Demand Forecasting in Supply Chain

ToolsGroup

There’s been a lot of change in how we view supply chain demand forecasting: we moved from a focus on supply—what and how much to supply or replenish—to the demand-driven supply chain, which placed too much emphasis on the intermediate goal of an accurate demand forecast.

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Five Things You Need to Know about Inventory Optimization in the Digital Age

ToolsGroup

With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. This article will share five things you need to know about optimizing inventory in the digital age.

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Optimize Demand Planning with AI: Plan Product Mix & Sales Forecasts Effectively

ThroughPut

Earlier in the day, demand planning was a guessing game that relied more on intuition, instinct, and inclination. Companies that leveraged the data they collected to enable more accurate demand planning, distinguished themselves from their competitors. Why do you Need Modern Demand Sensing to Solve Modern Problems?

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Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? Your customers don’t care if you have a great demand forecast. How do you turn a good forecast into a great inventory plan? How do you turn a good forecast into a great inventory plan?

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Seasonal Inventory and 7 Ways to Manage It Effectively

ToolsGroup

But behind the scenes, demand planners were at work, trying to strike a balance that would help them turn a profit and meet demand without being saddled with rotting pumpkins come November 1. Read on to learn about: Seasonal Inventory and Its Application Across Industries. Types of Seasonal Demand.

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Using data and AI to improve manufacturing

SYSPRO Smarter ERP

The area of AI that manufacturers need to explore to drive their factories into the future is machine learning (ML). What is Machine Learning ML is the computing engine behind AI and gives computers the ability to make sense of, and learn, from data to perform specific tasks without manual interference.

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6 Critical Trends in Distribution and How to Optimize Your Network’s Response

ToolsGroup

Now that we have a better understanding of the environment distributors are operating in, here are six of the top trends in distribution affecting supply chain planning. . Large distributors have lots of locations, and each location or distribution channel is making individual, autonomous planning decisions. . billion a day.