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Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

Enhanced Promotions and Events Analysis Promotions, advertising campaigns, and trade events are vital components of marketing strategy, but accurately measuring their impact on demand remains challenging. Five Ways Advanced Machine Learning in Demand Planning Is Improving Forecasting 1.

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2025 Ivalua NOW AMER: Recap + Photos

ivalua

Ivalua NOW AMER 2025 in New Orleans was an event that exceeded all expectations, delivering an unforgettable experience for our thriving procurement community. ” Hosting the event at the renowned home of the New Orleans Saints amplified the energy and excitement. We came, we connected, and we conquered!

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Process Audit Reports – Create Efficiency and Procurement Excellence

Procurement Academy

A process audit report is designed to, ultimately, streamline processes, enhance decision-making and drive overall procurement excellence. Typically, a procurement audit report will review areas such as the agreement of contracts, pricing data and purchase information, financial statements, stakeholder data and supplier performance records.

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What areas of SCM are best suited for the application of AI?

NC State SCRC

Many of the managers I speak with are buying into the application of artificial intelligence in the workplace, but often struggle to identify specific processes that are best suited for AI.I Risk Management Monitoring different events that could disrupt supply chains is an ideal application of AI. This will be changing soon.

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The Role of Centers of Excellence in Supply Chain Transformation

NC State SCRC

The structure used in this approach was intended to not just conduct labor arbitrage, but to also develop core skills in the P2P space through a captive approach: Our sourcing COE is responsible for the low- and medium-complexity deals where the key outcomes desired include quicker turnaround time, throughput, and extracting any value you can.

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AI-Driven Inventory Management: Reducing Costs and Maximizing Efficiency!

Supply Chain Game Changer

AI algorithms can process data from various sources, such as point-of-sale systems, supplier databases, and external market trends, to provide up-to-the-minute insights on inventory levels and demand patterns. AI, on the other hand, excels at handling complex data patterns and offers more reliable predictions.

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How to Use Production Scheduling Software to Meet Current & Forecasted Demand

IQMS

It is often necessary to pivot or flex the production schedule in real-time to meet changing customer delivery timeframes or substitute one sourced material for another. For example, Capable to Promise can determine the availability of required raw materials, purchased parts, manufacturing time, and more needed to complete the required order.