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How Not to use Machine Learning for Demand Forecasting

ToolsGroup

Eight years ago ToolsGroup was one of the first supply chain planning software vendors to employ machine learning to improve demand forecasting. As the tag line to a popular commercial goes, by now “we know a thing or two because we've seen a thing or two.”. But machine learning algorithms don’t work like this at all.”.

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Supply Chain Forecasting with AI

ThroughPut

These inaccuracies can lead to overstocking or understocking, missed opportunities, and a failure to meet customer demand. Fortunately, a solution is emerging that not only relieves these pains but also transforms them into competitive advantages: AI forecasting, a paradigm shift in supply chain management.

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Supply Chain Forecasting with AI

ThroughPut

These inaccuracies can lead to overstocking or understocking, missed opportunities, and a failure to meet customer demand. Fortunately, a solution is emerging that not only relieves these pains but also transforms them into competitive advantages: AI forecasting, a paradigm shift in supply chain management.

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Retailer Mandates Are Like Dominoes

AB&R

This article originally appeared on RFID Journal. With first Walmart and now Nordstrom telling suppliers to tag goods, the RFID industry as a whole will benefit—and other companies will hopefully follow suit. Much has been written about Walmart ‘s history with RFID , both here and elsewhere.

Retail 52
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Ways to Use RFID in Retail!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Complexity in the Retail Supply Chain! RFID article and permission to publish here provided by Vic Bageria. Radio-frequency identification (RFID) monitoring systems involve attaching tags to specific objects so you can track, monitor, and collect data for them. Email Address.

Retail 71
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National Barcode Day 2023

Enterra Insights

If you are not a supply chain professional, you might wonder why anyone should take time to celebrate the barcode. As I wrote in a previous article, “Most of us understand that barcodes contain information that help retailers track inventory; however, few of us know much more about them.”[1]

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How Manufacturers Can Take Control of Inventory with RFID Technology

QAD

Manufacturers may not think they have much in common with the retail companies beyond producing the products that stock store shelves, but there could be a lot to learn from the latter as the manufacturing headwinds of the last few years carry into 2023. Passive Ultra High Frequency (UHF) tags are frequently used to track consumer products.