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Supply Chain Forecasting with AI

ThroughPut

In the ever-evolving landscape of global commerce, businesses face a significant challenge: the pain of inaccurate forecasts and the relentless pace of market conditions. The agitation stems from the financial loss and operational inefficiencies accompanying these inaccurate forecasts. AI in supply chain forecasting is a game-changer.

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Here’s What You Need to Know About Ecommerce Inventory Segmentation

ShipBob

It’s a strategy that categorizes inventory based on factors like demand patterns, lead time, value, and more. Although not as commonplace as broader terms like inventory management , inventory segmentation is a sub-strategy of managing inventory that plays a significant role in improving efficiency and reducing costs.

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2023 supply chain and logistics management trends

EazyStock

As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies. Getting the basics right Improving forecast accuracy Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios.

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2023 supply chain and logistics management trends

EazyStock

As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies. Improving forecast accuracy. Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios. Supply chain issues.

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Machine Learning in Supply Chain: Definition, Uses, Case Studies

Unleashed

In this article, we explore the potential of machine learning in supply chain management and the different types and uses of the technology. These include but are not limited to identifying stock fluctuations, forecasting trends and demands for products, and optimizing delivery processes.

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Is It a Good Idea to Invest in Hiring a Purchasing Manager?

Precoro

In the article, we look critically at the role of the purchasing manager and discuss how to determine the value of hiring one. This role is far more complex than just buying in the company’s name – purchasing manager's job is about creating a company procurement strategy based on the available budget and suggesting execution policies.

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Unlocking POS Power

MIT Supply Chain

Model number two used POS data to forecast orders and adjust production to fulfill customer orders. The third model, which uses POS data to improve demand forecasts and fulfill future demand, delivered the highest cost savings. Three models were developed.