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The latest ML algorithms can detect subtle shifts in consumer sentiment that precede actual purchasing behavior changes by weeks or even months. ML excels in these scenarios, quickly identifying and adapting to intricate seasonal patterns and trends that traditional statistical methods miss entirely.
As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. While ToolsGroup and SAP (with the acquisition of SmartOps) are the nearest competitors, Terra prided itself on delivering better decisions through better math.
Here are my predictions for 2018: Supply Chain Excellence as We Know It Is Redefined. Supply chain excellence definitions evolve as companies explore the Art of the Possible. This includes SCOR, APICs, Gartner Top 25 Supply Chains, Gartner Hierachy of Metrics, etc. Confluence of Technologies. Fines and penalties will increase.
I was an avid student of supply chain excellence; and in this role, I watched as best-of-breed solution after best-of-breed solution replaced with more complicated technology. Buying patterns are changing quickly, and the insights are multi-dimensional. I worked first at Gartner Group and then at AMR Research. I was a skeptic.
” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” Most demand planning happens in Excel Ghettos not in the expensive technologies implemented in 90% of manufacturing companies. ” I am in the middle. Here I share my world view. Everyone has a bias.
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