article thumbnail

Demand Sensing: How to Unlock Smarter Supply Chains with AI

Logility

Artificial intelligence (AI) and rapidly developing generative AI tools provide complex, real-time, and in-depth insights specific to supply chain management. Further, AI-driven demand sensing allows businesses to combine scattered data which is essential for better forecast accuracy.

article thumbnail

Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

Machine learning (ML)a specialized field within artificial intelligence (AI)is revolutionizing demand planning and supply chain management. According to McKinsey , organizations implementing AI-driven demand forecasting solutions can reduce forecast errors by 30% to 50%.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Supply Chain AI: 25 Current Use Cases (and a Handful of Future Ones)

Logistics Viewpoints

It has led supply chain vendors to discuss how they currently use artificial intelligence. Further, virtually every supplier of supply chain solutions is eager to explain the ongoing investments they are making in artificial intelligence. When it came out, ChatGPT seemed like magic.

article thumbnail

Probabilistic Demand Forecasting: Revolutionizing Supply Chains

ToolsGroup

At ToolsGroup, we’ve long championed probabilistic demand forecasting (also known as stochastic forecasting) as the cornerstone of effective supply chain management software. In conventional supply chain planning , planners using basic tools (typically spreadsheets or legacy systems) forecast just one number for each item.

article thumbnail

Supply Chain Digital Transformation Guide 2022

Does your supply chain need a refresh? Newsflash: digital supply chains allow for integration and visibility to every aspect of the movement of goods/services. Don't let your supply chain become a thing of the past; download this guide to embrace the future!

article thumbnail

Ethical Considerations in Supply Chain Compliance

Logistics Viewpoints

The modern supply chain is a complex network of suppliers, manufacturers, distributors, and customers, all interconnected and reliant on a shared ecosystem of trust and accountability. As industries evolve and global markets expand, ethical considerations have become central to supply chain compliance.

article thumbnail

GenAI Transforms S&OP: Better Alignment and Improved Employee Experience

Logility

This is more evident in supply chain, where time-tested methods are being replaced with new ones. The groundbreaking technology is transforming how companies manage sales and operations planning (S&OP). The groundbreaking technology is transforming how companies manage sales and operations planning (S&OP).

S&OP 224
article thumbnail

Supply Chain Resilience Checklist

Strengthen your operations with the Supply Chain Resilience Checklist. This practical, easy-to-use tool helps your organization prepare for disruptions and ensure long-term continuity in an unpredictable world.

article thumbnail

GEP Procurement & Supply Chain Tech Trends Report

And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?

article thumbnail

Leveraging Data Analytics to Build a Truly Connected and Collaborative Supply Chain

The C-suite is laser-focused on supply chain performance. This GEP-sponsored report will show you how to leverage data for a collaborative supply chain that delivers results and how to future-proof supply chain management strategies.

article thumbnail

How to Optimize Your Supply Chain in Times of Disruption

Disruptions expose gaps in the supply chain and amplify problems. Research by GEP and North Carolina State University shows how tech can fix the gaps and ensure supply chain resilience and optimization. What can be done? Download now!

article thumbnail

7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends?

article thumbnail

Geopolitical & Regulatory Issues: The Path Forward in Supply Chain & Logistics

Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker

The world of supply chain and logistics has been plagued with volatility, disruptions, and increased regulations. In this webinar, we will talk about the current status of the supply chain and what the successful and unsuccessful paths forward will look like.

article thumbnail

Leveraging Supply Chain Data for Competitive Advantage

What does it mean to become a digital business or digital supply chain?

article thumbnail

Buyer's Guide for Supply Chain Network Design Software

Network design as a discipline is complex and too many businesses are still relying on spreadsheets to design and optimize their supply chain. As a result, most organizations struggle to answer network design questions or test hypotheses in weeks, when results are demanded in hours.