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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

Nucleus Research classifies inventory optimization as a predictive analytics function, with stochastic (probabilistic) planning systems consistently outperforming traditional methods in optimizing stock levels. Probabilistic demand planning enables businesses to optimize stock levels while reducing costs and improving service levels.

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Advanced Supply Chain Planning with Probabilistic Forecasting

ToolsGroup

Nucleus Research classifies inventory optimization as a predictive analytics function, with stochastic (probabilistic) planning systems consistently outperforming traditional methods in optimizing stock levels. Probabilistic demand planning enables businesses to optimize stock levels while reducing costs and improving service levels.

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Catch up on Supply Chain Analytics news with our Summer Reading List

AIMMS

The list includes the best of our blog and news items, our latest webinars and most recent case studies. Looking for a software provider for Business Analytics, S&OP, Inventory Optimization, Production Planning & Scheduling or SC Network Design? It’s the perfect companion for an inspiring holiday break! .

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Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

No doubt about it, we are characters in a supply chain case study searching to define a new normal. Today, we find ourselves in the middle of a risk management case study. Figure 1 shows a market-by-market planning model by a sinus drug manufacturer. Don’t expect demand to be predictable. Recovery Team.

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Catch up on Supply Chain Analytics news with our Summer Reading List

AIMMS

The list includes our best supply chain analytics blogs and news items, our latest webinars and most recent case studies. Looking for a software provider for Business Analytics, S&OP, Inventory Optimization, Production Planning & Scheduling or SC Network Design?

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Tackling Item Complexity

Supply Chain Shaman

Long tail products do not flow well through the traditional supply chain designed for high volume, predictable demand. In Figure 1, I share a case study from a client engagement. The demand patterns of the tail are different requiring a change in planning analytics. The reason? the organizational dynamics were tough.

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How MTSS Platforms Can Prepare the Next Generation of Supply Chain Professionals

SCMDOJO

Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects. Developing Analytical Skills Data analysis is at the heart of effective supply chain management.