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ChatGPT and the Revolution of AI-First Forecasting

Logility

While traditional forecasting methods have served us well, they often fall short when addressing the evolving challenges of today’s dynamic business landscape. In this article, we’ll explore the fusion of AI-first forecasting with traditional models and its immense value to the supply chain.

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Success Strategies for Demand Forecasting in Supply Chain

ToolsGroup

There’s been a lot of change in how we view supply chain demand forecasting: we moved from a focus on supply—what and how much to supply or replenish—to the demand-driven supply chain, which placed too much emphasis on the intermediate goal of an accurate demand forecast. What is demand forecasting in supply chain management?

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What’s Next for The Freight Market with Chris Pickett

The Logistics of Logistics

Joe Lynch and Chris Pickett discuss what’s next for the freight market. Chris is the Chief Operating Officer at Flock Freight , a technology company that is on a mission to solve the US trucking industry’s wasted capacity problem. in Industrial & Systems Engineering from Virginia Tech, an M.Eng.

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What is CPFR? Full Guide to Collaborative Planning, Forecasting, & Replenishment in The Supply Chain

ShipBob

This is where collaborative planning, forecasting, and replenishment (CPFR) comes in. What is collaborative planning, forecasting, and replenishment (CPFR)? Collaborative planning, forecasting, and replenishment (CPFR) is the method of coordinating various supply chain tasks between multiple parties (i.e., Let’s get started.

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How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Legacy systems:? Many companies discovered that their legacy systems could not keep up with or could not be modified to accommodate change. labor, materials and warehousing, to IT, freight and safety. A Better Way to Forecast. Manufacturers can use forecasting to support inventory optimization. Managing Inventory.

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Is your freight invoice accurate? A new study claims it might not be.

The Logistics & Supply Chain Management Society

Shipping freight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021 Cargo Owners and freight forwarders survey, confirms this. Lack of trust.

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We Are In Trouble. Raise the Red Flag. Be Proactive.

Supply Chain Shaman

Our logistics systems are inadequate for what we are going to experience in the coming months. Labor shortages abound for road freight. The Freight Rates for a 40 foot container from China to the west coast of the United States is quadruple the price of a year ago. Forecast logistics and hold yourself accountable.