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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!

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ToolsGroup Acquires Mi9 Retail’s Demand Management Business

ToolsGroup

Mi9 Retail’s Demand Management business was formerly known as JustEnough Software. Combined company gives retailers a powerful new technology arsenal to efficiently improve product availability under constrained supply and outperform the competition.

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Optimize Operations with Accurate Demand Forecasting

QAD

In today’s era of digital transformation, technology is imperative to mitigate the bullwhip effect within the supply chain. The bullwhip effect illustrates how minor shifts in consumer demand for a product magnify upstream in the supply chain. But, what exactly is forecast accuracy?

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Just Jump

Supply Chain Shaman

The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team. Supply Chain Planners Analogous to Secretarial Pools? The plant was 24 acres under one roof.

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Transversing the Paradox River

Supply Chain Shaman

Definition As I follow the evolution of supply chain technology, I am struck by what I see as a stream of paradox and anomaly, and the tendency of supply chain leaders to cling to convention. technologies. Building the Effective Global Supply Chain. I constantly ask myself, why? Measurement.

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Demand Forecasting in an Inflationary, Supply-Constrained, Semi-Post-Pandemic Environment

Logistics Viewpoints

It is hard to believe it has been two years since I was faced with forecasting WMS and warehouse automation market growth rates in the midst of the COVID-19 pandemic. These events make accurate forecasting very difficult. I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do.

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Fresh Demand Planning: How AI Empowers Retailers

Logistics Viewpoints

Given that we are in the age of AI/ML, I often think of how the small deli where I worked was a perfect training ground for applying AI/ML in fresh supply chain planning. There are various use cases of AI/ML for fresh demand planning of products, from producers to large grocery chains and even small delis in suburban Pennsylvania.