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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down.

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AI And Supply Chain: Level Setting

Elementum

NYU Business guru Scott Galloway recently published an excellent blog-entry on AI , and discussed how we’ve just passed through a “golden decade” — with another likely to come. An example of the latter: keep these X and XY types of products together in the warehouse because they’re always purchased together. Where to Begin?

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AI And Supply Chain: Level Setting

Elementum

NYU Business guru Scott Galloway recently published an excellent blog-entry on AI , and discussed how we’ve just passed through a “golden decade” — with another likely to come. An example of the latter: keep these X and XY types of products together in the warehouse because they’re always purchased together. Strategic Guidance.

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28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required.

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Experts Choice Of Top Online Logistics Resources

Freightos

The businessman’s news source of choice, global export and import volumes (as well as buying trendings) are key to informing supply chain professionals. Joe provides the basics about nearly every component of logistics, making it an excellent introduction to the field for a newbie or a brushup for someone who’s been around for a while.

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Best AI Tools for Supply Chain and Logistics: The Ultimate Guide for 2024

ThroughPut

The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency. The What and Why of AI Tools for Supply Chain There is a reason why everyone is talking about AI tools and why people are driven to make impulsive purchases of AI-powered tools.

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Coronavirus & The CPG World: What to do now and how to prepare for the future?

Supply Chain Management and Analytics

Our e-commerce client had full visibility of its current and inbound inventory. The enablers are physical and digital automation at their DCs as well as Solvoyo’s autonomous decision-making platform that manages their forecasting, inventory management, replenishment, and purchase orders.