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Can Improving Forecast Accuracy Address Our Demand Planning Woes?

Logistics Viewpoints

If “the forecast is always wrong,” is improving forecast accuracy even the solution to our demand planning woes? Artificial intelligence and machine learning ( AI/ML ) can improve forecast accuracy, but a bigger problem is the failure to set accurate expectations around forecasting models, not the accuracy of the models themselves.

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We Should Not AI Stupid

Supply Chain Shaman

The organization had little energy to test forecasting models. I then asked about his success with Forecast Value Added (FVA) analysis. In his speech, he shared a case study on improving logistics costs in the face of variability through advancements in AI. I asked if he had tested the models by backcasting.

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How AI-led Demand Forecasting Helped Church Brothers Farms Optimize Order Fulfillment

ThroughPut

Click to Download Case Study About Church Brothers Farms Church Brothers Farms is a leading vertically integrated, family-owned, US-based vegetable producer, supplier, and processor that prioritizes customer experience and provides the highest quality produce in an increasingly competitive and volatile market.

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AI in the Retail Industry: Benefits, Case Studies & Examples

ThroughPut

Every aspect of operations, be it managing the inventory, forecasting demand or fulfilling orders was dependent on human wisdom and intuition. Benefits of AI in the Retail Industry Enhancing Accuracy in Demand Forecasting Forecasting demand has never been this accurate before. How is AI Revolutionizing Retail Supply Chains?

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Transversing the Paradox River

Supply Chain Shaman

We speak about the need to move from a functional understanding to a global, holistic capabilities, but the traditional supply chain leader defines bonus incentives and process performance goals based on functional metrics. I often laugh when companies ask me to define a good forecast. Measurement. I think clearer. My request.

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Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

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Trying to Push Content Above the Noise

Supply Chain Shaman

We talk about the move from functional metrics to a balanced scorecard, but we don’t use a balanced scorecard as an objective function. We talk about complexity, but do not measure the impact on forecastability. In the event model, companies present case studies and opinions without a factual framework. Unvetted Podcasts.

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