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Probabilistic Demand Forecasting: Revolutionizing Supply Chains

ToolsGroup

At ToolsGroup, we’ve long championed probabilistic demand forecasting (also known as stochastic forecasting) as the cornerstone of effective supply chain management software. Like betting that a champion racehorse will win a specific race, this “single-number” forecast assumes one definitive result.

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Unlocking Supply Chain Potential with AI Agents and Multi-Agent Workflows

Logistics Viewpoints

Volatile markets, global disruptions, and the need for real-time insights are pushing traditional systems to their limits. Understanding AI Agents At its core, an AI Agent is a reasoning engine capable of understanding context, planning workflows, connecting to external tools and data, and executing actions to achieve a defined goal.

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How Demand Forecasting Software Turns Uncertainty Into a Competitive Advantage

ToolsGroup

Unexpected challenges like shifts in global markets, economic upheaval, commodity shortages, advancements in technology, or environmental changes can send shockwaves through operations in unexpected ways. Probabilistic Demand Forecasting represents a paradigm shift in supply chain planning.

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Direct Spend Management: A Checklist for Enabling Shared Value with Direct Suppliers

Logistics Viewpoints

Access to Unique Process and Asset Capabilities: Some suppliers offer unique skills, technologies, or processes that are not available in-house or through other sources. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing.

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Supply Chain AI: 25 Current Use Cases (and a Handful of Future Ones)

Logistics Viewpoints

AI is not a new technology in the supply chain realm; it has been used in some cases for decades. Demand planning engines have natural feedback loops that allow the forecast engine to learn. The forecast can be compared to what actually shipped or sold. More recently, many other cases have emerged.

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How to Optimize Fulfillment with Unified Data

Logistics Viewpoints

Many large organizations have multiple systems for order, warehouse, or transportation management that are barely integrated frequently not at all. Optimizing fulfillment requires a series of steps to get a shipment from its source to the end customer.

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How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

I laugh when business leaders tell me that they are going to replace their current supply chain planning technologies with “AI.” Each supply chain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. You are right.