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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%.

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Demand Planning: Whipped And Chained by Tradition

Supply Chain Shaman

She wrote, “I have been working in the supply chain for 35 years, and we are still trying to solve the “demand” issue. Solving from a supply side seems to work for many companies I work with. Over the last two years, I actively engaged technologists and business leaders to redefine demand planning.

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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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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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The 4 Keys to Demand Planning in 2023 and Beyond

Speaker: Eva Dawkins - Senior Consultant, Supply Chain

The last three years have been a rollercoaster ride for most supply chains, filled with volatile unpredictability and frequent disruptions. We know technology improvements can improve supply chain operations and add significant value for companies even in turbulent times.

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Context. The Key to Unlocking the Power of Your Supply Chain Data Strategy

Logistics Viewpoints

Supply chain teams face a similar dilemma – companies are overloaded with vast amounts of data, and the ability to sift through the noise and focus on relevant insights has become a critical capability. Decision-makers must operate with agility and speed, often orchestrating complex scenarios across vast supply chain networks.

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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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What Supply Chain Leaders Keep Getting Wrong

Speaker: David Blonski, Chief Operations Officer of Elementum

We see this same dynamic play out in supply chains every day. In an environment that’s never been more challenging, supply chain leaders are as determined as ever to decrease costs and improve performance. Supply Chain leadership 101. This is a session you won't want to miss.

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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.

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Overcoming the Accuracy vs Agility Trade-Off in Demand Planning & Forecasting

Agility and accuracy don’t necessarily need to be at logger heads. In-fact, anticipatory agility enabled by AI and Machine Learning can move the accuracy frontier forward in terms of validity and consistency driving significant business value.