article thumbnail

Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

The latest ML algorithms can detect subtle shifts in consumer sentiment that precede actual purchasing behavior changes by weeks or even months. This democratization of advanced analytics allows businesses of all sizes to benefit from sophisticated techniques once available only to enterprise organizations with dedicated data science teams.

article thumbnail

Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. Probabilistic demand forecasting, in contrast, provides a full probability distribution, revealing actual purchasing patterns and enabling inventory planners to align stock levels with demand realities.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NRF 2025: Transforming Retail Through AI, Data, and Customer-Centric Innovation

ToolsGroup

Returns Management and Integration With 35% of online purchases being returned, predominantly to physical stores, retailers are grappling with the ripple effects on inventory management. Early adopters of these integrated platforms report significant improvements in inventory turnover and reduction in stockouts.

article thumbnail

Advanced Supply Chain Planning with Probabilistic Forecasting

ToolsGroup

However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. Probabilistic demand forecasting, in contrast, provides a full probability distribution, revealing actual purchasing patterns and enabling inventory planners to align stock levels with demand realities.

article thumbnail

The Supply Chain Merry-Go-Around

Supply Chain Shaman

following the reporting of fourth-quarter results. Legacy players like Adexa, Arkeiva, Gains, E2open, Orchestr8 Solution, and ToolsGroup will be bought and sold with little impact to the market. This is despite the strengths of the recent purchase of Optimity. In short, there is no substitute for visionary leadership.

article thumbnail

Supply Chain by the Numbers for June 19, 2025

Supply Chain Digest

49% That was the ownership share of product returns specialist Inmar Post-Purchase Solutions (IPPS), a joint venture between Doddle—a part of Blue Yonder—and Inmar, Inc. prediction made in March. That according to the company’s 2025 Corporate Responsibility Report, released this week.

article thumbnail

Black Friday is Over: What Went Wrong, What Went Right, and How to Win the Rest of the Holidays

ToolsGroup

from last year, with over two-thirds of purchases happening online. Stockouts and Overstock Hurt Retailers The inventory imbalance was glaring this year: 33% of shoppers ** reported being unable to find the items they wanted due to stockouts. Retarget customers with personalized offers based on their browsing or purchase history.