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How Supply Chain Orchestration Can Help Prevent Drug Shortages

Logistics Viewpoints

Forecasting for new drugs isn’t easy , and it is unlikely anyone could have predicted what a runaway success these weight loss drugs were, but one thing that might have narrowed the gap is demand sensing, which uses AI to add external signals to sales history to predict future demand.

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Getting Started with AI in Supply Chain

Logistics Viewpoints

What AI has been able to do for years is find patterns and make predictions at a scale far beyond our human cognitive capacity, such as forecasting for a retailer with billions of sales records and millions of items. AI can accomplish tasks humans couldn’t do before, and do them better and faster, saving time and money.

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Halloween 2021 Predictions

Enterra Insights

Halloween Predictions. According to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics, “Consumer spending on Halloween-related items is expected to reach an all-time high of $10.14 The post Halloween 2021 Predictions first appeared on Enterra Solutions. billion, up from $8.05

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The Promise and Peril of Generative AI for Supply Chains

Logistics Viewpoints

The keys to succeeding in AI As a trio of economists argue in a pair of books, most recently Power and Prediction: The Disruptive Economics of Artificial Intelligence , we seek predictions where there is uncertainty. As the economist trio of Agrawal, Gans, and Goldfarb explain , AI makes predictions, which are inputs into decisions.

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How to Package and Price Embedded Analytics

Just by embedding analytics, application owners can charge 24% more for their product. Brought to you by Logi Analytics. How much value could you add? This framework explains how application enhancements can extend your product offerings.

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How AI/ML can address the supply chain labor shortage…but not like you think!

Logistics Viewpoints

Advanced analytics (35%), digital transformation (33%) and artificial intelligence and machine learning (AI/ML, 32%) were three of the top four areas listed as topics of interest for professional development. You lose your most mature talent, with the greatest knowledge and institutional memory. How can you get supply chain talent to stay?

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Can Improving Forecast Accuracy Address Our Demand Planning Woes?

Logistics Viewpoints

In times that continue to defy our ability to predict them, the words of famous statistician George Box have never been more right: “All models are wrong, but some are useful.” If “the forecast is always wrong,” is improving forecast accuracy even the solution to our demand planning woes? So what can we do to make models more useful?