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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely!

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4 Steps to Skyrocket Your Demand Forecasting Accuracy

Logility

In the intricate world of supply chain management, the accuracy of demand forecasting often serves as the cornerstone of business growth. Yet, despite its significance, demand forecasting continues to be a thorny issue for many businesses, particularly manufacturers. What is Demand Forecasting Accuracy? Let’s get started!

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Your Sales Plan is NOT a Forecast!

The Logistics & Supply Chain Management Society

Your Sales Plan is NOT a Forecast! That was an absurd leap to make, I know, but no more absurd than using the terms “sales plan” and “sales forecast” interchangeably in a retail setting. ” “Reconciling” the Plan and the Forecast. – William Hazlitt (1778-1830). Nor should it.

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Causal Forecasting: Using AI to Refine your Understanding

Logility

How can you use AI to better understand how causal forecasting can help your business? Logility’s own, Chris Mason, shares his opinion and expertise on how business leaders can leverage causal forecasting software to be better prepared for quickly changing demand. For example.

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Easily Build an Optimization App and Empower Your Data

Speaker: Gertjan de Lange

If the last few years have illustrated one thing, it’s that modeling techniques, forecasting strategies, and data optimization are imperative for solving complex business problems and weathering uncertainty. Not being able to envision various organizational scenarios means you won't be able to navigate them, leaving you dead in the water.

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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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Can Improving Forecast Accuracy Address Our Demand Planning Woes?

Logistics Viewpoints

If “the forecast is always wrong,” is improving forecast accuracy even the solution to our demand planning woes? Artificial intelligence and machine learning ( AI/ML ) can improve forecast accuracy, but a bigger problem is the failure to set accurate expectations around forecasting models, not the accuracy of the models themselves.

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5 Perceptions on Demand Forecasting and How it's Changing

Speaker: Brian Dooley, Director SC Navigator, AIMMS

Is your demand forecasting process evolving with the times? Are you satisfied with your level of forecast accuracy? This webinar shares research findings from a recent survey among supply chain planning professionals and delves into the following: Who is typically responsible for forecasting? How are demand forecasts evolving?

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The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. Your future sales forecast? It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Sunny skies (and success) are just ahead!

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How is Demand Forecasting changing? How do you compare to your peers?

Get exclusive insights about Demand Forecasting. AIMMS conducted research to assess how supply chain teams perceive the accuracy of their forecast and discover the tools and techniques they are using to upgrade the forecasting process. Perceptions on forecast accuracy. Most common techniques and technologies.

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Overcoming the Accuracy vs Agility Trade-Off in Demand Planning & Forecasting

Agility and accuracy don’t necessarily need to be at logger heads. In-fact, anticipatory agility enabled by AI and Machine Learning can move the accuracy frontier forward in terms of validity and consistency driving significant business value.

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Machine Learning: A Quantum Leap in Forecast Accuracy for the Modern Supply Chain

Whether you realize it or not, Machine Learning is having a profound impact on your everyday life.

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No More Hide & Seek for Supply Chain Uncertainty: How to Manage Variability

As unavoidable variability adds more complexity to your supply chain, this guide shares the effects of uncertainty on businesses and explores ways to alleviate uncertainty & increase manageability through greater forecast accuracy.

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Next-Gen AI-Based Demand Planning: Turn Your Insights Into Accuracy in 1 Day

Artificial intelligence designed for demand planning brings the following benefits: Immediate forecast error reduction of 15-40%: this drives optimal service & stock levels. No onboarding time since the models are self-tuning: say goodbye to long & costly implementation times.

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The 4 Keys to Demand Planning in 2023 and Beyond

Speaker: Eva Dawkins - Senior Consultant, Supply Chain

Join us for this exclusive webinar with Eva Dawkins as she dives into research behind demand planning and forecasting for supply chain success. However, to pull this off, companies must first establish crucial supporting people processes - in particular, planning processes.