article thumbnail

Melitta: Collaborating for an Improved Forecasting Process

ToolsGroup

Melitta Sales Europe (MSE) embarked on an initiative to revamp existing planning and forecasting processes to increase efficiency and sustainability. The process brings together all the plans for the business (sales, marketing, development, manufacturing, sourcing, and financial) into one integrated set of plans.” Read Case Study.

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.

Insiders

Sign Up for our Newsletter

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

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. 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.

article thumbnail

AI in the Food Industry: Case Studies, Challenges & Future Trends

ThroughPut

Food Production AI tools can drive advanced predictive analytics with precision forecasting for weather and crop yield predictions. Accurate Demand & Price Forecasts AI facilitates precision in demand and price forecasting with the help of historical data and market trends. All for the good. They turned to Throughput.ai

article thumbnail

Trade promotion forecasting: the present and the near future

ToolsGroup

Trade promotion forecasting is difficult: getting it right involves factoring in many variables. Forecasting demand data, not so much. To do this, the first hurdle is creating a good statistical baseline forecast. To do this, the first hurdle is creating a good statistical baseline forecast.

article thumbnail

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

article thumbnail

Companies Using ERP: Case Studies

QAD

Case Study #1: Noble Biomaterials. Today, it has grown into a multinational sole-source technology supplier of medical components and antimicrobial products to the US military and various healthcare organizations. Noble Biomaterials now sees numerous benefits such as: One source of truth covering all operations.