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How to Hurdle the Biggest Barrier to Supply Chain Transparency: Data

Logistics Viewpoints

Proprietary warehouse, transportation , and labor management systems bolted onto legacy ERP systems, all “enriched” with off-the-shelf and bespoke software solutions, are a recipe for disaster. Yet, the money was spent, and the technology is now in place. Every system in your network collects it and stores it somewhere.

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Demand Planning Software – Top 3 Demand Forecasting Mistakes to Avoid

Logility

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting?

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ToolsGroup Welcomes Pierre Custeau as Chief Technology Officer

ToolsGroup

Montreal-based executive brings extensive experience in AI-driven SaaS technology. BOSTON — Oct 6, 2022 — ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, announces it has appointed Pierre Custeau as Chief Technology Officer. .

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2022 Forecast: Supply Chains Become Critical Infrastructure

ToolsGroup

You can read more about it in the FT , CNBC , and many other sources or listen to Goldman Sachs’ podcast. Image source: New York Times. The good news: we have the technology to solve this now. We have the technology today to build critical infrastructure for a global end-to-end (from raw materials to the consumer) supply chain.

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Get Started Using Machine Learning for New Product Forecasting

ToolsGroup

Adding to this already uphill battle, we don’t have trustworthy new product forecasting methods because forecasting new products with no sales data is very hit-and-miss. Machine learning (ML) provides an effective weapon for your new product forecasting arsenal. Why is new product forecasting important?

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Big Data: A Valuable Forecast Tool to Future-Proof Supply Chains

Logility

Now that businesses have better access to predictive forecasting technologies that leverage data from the past and present, such a one-sided approach to forecasting, analytics, reporting, and planning is no longer justifiable. This then translates into fewer lost sales and lowering product unavailability by up to 65%.

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Essential Technology Capabilities for Supply Chain in 2023

Logistics Viewpoints

Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products. If nothing else, the last few years highlighted the importance of sourcing strategically. Upcoming Recession? Price Volatility.