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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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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. On average, our customers achieve: 99.9%

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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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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. Long term forecast collaboration becomes a critical requirement for manufacturers and their direct suppliers to focus on to de-risk their supply chains.

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Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.

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Lenovo Excels in Supply Chain Planning with a Hybrid Approach

Logistics Viewpoints

Jack Fiedler : We’re unique in the technology industry. We’ve taken the same hybrid approach from a supply chain technology perspective. I’m responsible for the overall digital transformation, including technology. But then it very quickly evolved into a full intelligence platform.

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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.