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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.

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Safety Stock – Mastering Demand and Supply Chain Planning

ToolsGroup

Safety Stock: Navigating Supply Chain Volatility Through Strategic Inventory Planning Demand volatility represents a critical challenge for supply chain executives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties.

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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

In the fast-paced world of modern supply chains, traditional forecasting methods fall short. Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. The result?

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Advanced Supply Chain Planning with Probabilistic Forecasting

ToolsGroup

In the fast-paced world of modern supply chains, traditional forecasting methods fall short. Advanced supply chain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization. The result?

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Elevate Your Supply Chain Resilience With Scenario Planning

Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP

As a supply chain director, you want to ensure that your supply chain network can withstand any disruptions and be optimized for peak performance. The global logistics market is growing, and companies need to prepare for the next generation of supply chain management.

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Returning to the Office: Better for Supply Chain Performance?

Talking Logistics

In October 2022, Craig Federighi, SVP of software engineering at Apple, said this about Apple’s requirement for workers to return to the office: “We’re better, and we’re happier, when we’re together [in person]. Read more The post Returning to the Office: Better for Supply Chain Performance?

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Open Sky Partners with Easy Metrics for Labor Efficiency

Logistics Viewpoints

Open Sky Group, a global leader in supply chain execution solutions, has announced a strategic partnership with Easy Metrics , a premier provider of labor management and warehouse performance management solutions.

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