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Just in Time: Predictive Lead Time to the Rescue

Demand Solutions

Remember when you didn’t care how long your lead time was, as long as it was consistent? It wouldn’t have been such a bad system, except that lead times are never consistent. So companies like yours began maintaining a safety stock, “just in case.” Better to go with “just in time.”

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Forecasting and demand management for new events using machine-learning algorithm

Kinaxis

When it comes to forecasting and demand management , a lot. For events like the Super Bowl, retail demand planners create forecasts using data from a variety of sources to adjust product demand profiles in anticipation of which product, or group of products might be in demand the most. That’s where ML comes in.

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ToolsGroup Acquires Evo for Industry Leading Responsive AI

ToolsGroup

The integration of Evo’s responsive AI solutions with ToolsGroup Service Optimizer 99+ (SO99+) and JustEnough® solutions will offer customers the most efficient, real-time supply chain and price optimization solution available. And Evo’s responsive AI gives us an essential ingredient to deliver the autonomous supply chain of the future.

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Just Jump

Supply Chain Shaman

During the 1980s, I was on a management team for a large manufacturer. At the time, many business leaders did not know how to type and had no idea how to use a computer. Taxonomy of Outside-in Planning Based on the Art of the Possible To accomplish this goal, we need to discard the current crawl, walk, and run models and just jump.

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Gain a Leading Edge in Inventory Management through Digital Transformation

DELMIA Quintiq

From Vilfredo Pareto’s 80-20 principle to just-in-time and pull-based manufacturing, minimizing excess inventory has been a continuous quest—spurred on by the Fourth Industrial Revolution or Industry 4.0. Clarity, control and competitiveness in inventory management.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Two months before COVID made headlines in the US, nobody was forecasting the dramatic downturn in demand. If a recession hits, demand will decrease. How much will demand be impacted? Demand forecasting is the process of making future estimations of how much of a given product will sell by location and time period.

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Ann Grackin: Is the Crisis in Demand Management Being Exacerbated by Spreadsheet Dependency?

Logility

Demand management has always been at the top of supply chain professionals’ list of challenges. All these moves have added complexity to the demand planning challenge. These low scorers report forecast inaccuracy, and demand planning as their biggest headaches. We were making progress.