This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Machine learning (ML)a specialized field within artificial intelligence (AI)is revolutionizing demandplanning and supplychain management. According to McKinsey , organizations implementing AI-driven demand forecasting solutions can reduce forecast errors by 30% to 50%.
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Probabilistic forecasting is revolutionizing demand forecasting, supplyplanning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. The result?
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Advanced supplychainplanning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supplyplanning, and inventory optimization. The result?
Safety Stock: Navigating SupplyChain Volatility Through Strategic Inventory PlanningDemand volatility represents a critical challenge for supplychain executives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties.
Speaker: Eva Dawkins - Senior Consultant, Supply Chain
The last three years have been a rollercoaster ride for most supplychains, filled with volatile unpredictability and frequent disruptions. We know technology improvements can improve supplychain operations and add significant value for companies even in turbulent times.
Supplychain 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 supplychain networks.
At ToolsGroup, we’ve long championed probabilistic demand forecasting (also known as stochastic forecasting) as the cornerstone of effective supplychain management software. Like betting that a champion racehorse will win a specific race, this “single-number” forecast assumes one definitive result.
Artificial intelligence (AI) and rapidly developing generative AI tools provide complex, real-time, and in-depth insights specific to supplychain management. Further, AI-driven demand sensing allows businesses to combine scattered data which is essential for better forecast accuracy.
The supplychain industry is no stranger to uncertainty. Unexpected challenges like shifts in global markets, economic upheaval, commodity shortages, advancements in technology, or environmental changes can send shockwaves through operations in unexpected ways.
Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker
The world of supplychain and logistics has been plagued with volatility, disruptions, and increased regulations. In this webinar, we will talk about the current status of the supplychain and what the successful and unsuccessful paths forward will look like.
Gartner predicts that by 2026, 95% of data-driven decisions will be at least partially automated. In fact, Gartner also found that only 10% of CEOs say their business uses AI strategically, and just 9% of technology leaders report having a clearly defined AI vision statement. Yet, many companies struggle to harness AIs full potential.
Global supplychains have been tested repeatedly by a series of disruptive events, including the COVID-19 pandemic, U.S.-China In response, many organizations have shifted toward decentralized and regionalized supplychain models, distributing production and sourcing across multiple regions.
She wrote, “I have been working in the supplychain 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 demandplanning.
Given that we are in the age of AI/ML, I often think of how the small deli where I worked was a perfect training ground for applying AI/ML in fresh supplychainplanning. In this blog, I will discuss the use of AI/ML demandplanning for fresh products to help maximize sales and reduce waste.
If “the forecast is always wrong,” is improving forecast accuracy even the solution to our demandplanning woes? Because moving from guessing from the gut to statistical forecasting reduces bias and increases objectivity, based on years of research by statisticians codified into forecasting software.
At ToolsGroup, we provide cutting-edge AI and machine learning solutions to enhance supplychain resiliency and efficiency. Belcorp: A SupplyChain with Countless Moving Parts Belcorp is a beauty corporation with a mission to provide beauty products that answer to a variety of individuals’ needs.
CONA Services Provides a Common Platform for SupplyChain Collaboration CONA Services LLC is an IT services company owned and governed by the 11 largest Coca-Cola bottlers in North America. CONA is a strategic partner that provides its bottlers with a common set of processes, data standards, and technology platforms.
Blue Yonder’s CEO, Duncan Angove The supplychainsoftware landscape is changing rapidly. On Friday, March 29 th , Blue Yonder, a leading provider of supplychainplanning and today execution solutions, announced signing an agreement to acquire One Network Enterprises for approximately $839 million.
What is Demand Forecasting in SupplyChain Management? When planning your demand forecast, its essential to master the fundamentals. Demand forecasting in supplychain management is the process of predicting customer demand, supply trends, and pricing fluctuations.
What is Demand Forecasting in SupplyChain Management? When planning your demand forecast, its essential to master the fundamentals. Demand forecasting in supplychain management is the process of predicting customer demand, supply trends, and pricing fluctuations.
When you’re perusing luxury handbags online, or testing which cocktail dress suits you the best, you probably don’t pause to consider all the supplychain complexities and analytics required to ensure the fashion items you’re craving are in-stock. shorter product life cycles, and often protracted supply lead times.
Good forecasting leads to good demandplanning —and good demandplanning means better profitability. That’s why it’s essential to be sure you’re equipping your organization with the right demandplanningsoftware. What is demandplanningsoftware?
This strategic partnership aims to improve demandplanning efficiency, optimize inventory performance, and elevate service levels. “In ToolsGroup’s advanced supplychainplanning and optimization suite will be instrumental in refining our inventory management strategy and enhancing our competitive edge.
The Connected SupplyChain. Drip Digital SupplyChain. Autonomous SupplyChainPlanning. Self-Healing SupplyChains. Touchless SupplyChains. The issue is that when companies optimize functional metrics, they throw the supplychain out of balance and sub-optimize value.
ARC analysts have published predictions about supplychaintechnology trends at the beginning of the year in past years. SupplyChain Disruptions Will Diminish, but Remain Substantial. SupplyChain Disruptions Will Diminish, but Remain Substantial. We expect direct impacts to diminish in 2022.
“May you live in interesting times,” widely attributed as a Chinese curse, some claim this as a blessing; whichever side you take, this is exactly what’s happening in the supplychain world since 2020, and it looks like we will be living with this blessing/curse for a while longer. Emerging Themes for SupplyChainPlanning.
ARC is getting ready for our SupplyChain Forum on February 16 th and 17 th. End users – supplychain practitioners working for manufacturers, distributors, or retailers – can attend for free. How does the pandemic and digital technology play into these trends? I was originally scheduled to speak.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supplychain excellence. In my post Mea Culpa, I reference my work with the Gartner SupplyChain Hierarchy of Metrics. ” Let’s face it all supplychains have error.
Supply management. Supplychain management. Supplychainplanning. The lack of interoperability between decision support platforms is a problem for companies attempting to improve decisions from the channel to supplier bi-directionally through technology. Are these terms the same? The answer is no.
With the advent of the digital era, supplychain has transformed dramatically. To increase flexibility, responsiveness, and competitiveness in the long run, the investment in supplychain digitalization will increase by 10%-15% over the next few years. If trends hold, we will achieve touchless supplychains very soon.
Michael Jacobs, Senior Vice President SupplyChain, Ferguson. Mr. Jacobs is the senior vice president for supplychain at Ferguson. While nominally a distributor, “supplychain management is our core competency. In particular, Ferguson’s supplychain is built for speed and to provide high service levels.
ARC Advisory Group has been covering the SupplyChainPlanning ( SCP ) market for 17 years. The pandemic brought home the need for companies to run agile and resilient supplychains. Supplychain agility reflects a company’s ability to respond quickly to surges or plummeting demand.
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supplychain performance requirements. What should supplychain leaders be looking for to close the talent gap? AGCO Logistics Team Accepts Prestigious SupplyChain Award. We need people that are adaptable.
Last week, a team from Blue Yonder attended the 2024 Gartner ® SupplyChainPlanning Summit in London. We believe, advanced technology was in the spotlight, as intelligent decision-making in the modern landscape means ingesting huge volumes of data and conducting rigorous analysis, quickly.
BOSTON – August 3, 2023 – ToolsGroup, a global leader in retail and supplychainplanning and optimization software, is proud to announce it has been named among ten Notable Vendors included in Gartner’s Midmarket Context: Magic Quadrant for SupplyChainPlanning Solutions (July 2023).
Aera Technology offers a solution they call “Aera Decision Cloud” A key challenge for manufacturers is connecting integrated business planning (IBP) – a longer term plan – to operational planning and execution – what needs to be done in the near term. What part of the plan should be executed?
In the corridors of Unilever, a team of dedicated supplychain planners from demand to supply to transportation embarks on a daily journey. End-to-End SupplyChainPlanning Platform The end-to-end process begins with data.
BOSTON February 3, 2025 ToolsGroup , a global leader in supplychainplanning and retail optimization software, today announced it has been positioned as a Leader in the IDC MarketScape: Worldwide SupplyChainPlanning for Spare Parts/MRO Industries 2024 Vendor Assessment (Doc ID #US51541424, December 2024).
Kinaxis is a leading provider of supplychain solutions. Kinaxis used to refer to itself as a supplychainplanning supplier. They are now starting to call themselves a provider of supplychain “orchestration” solutions. But newer technology is breaking down the borders between planning and execution.
This prompts you to plan and choose a route based on these different probabilities and your willingness to accept the risks associated with each option. This allows you to better anticipate potential scenarios, such as real-world variation in sales and lead times including spikes in demand or disruptions across the end-to-end supplychain.
Supplychain management has been in the news. But the intricacies of supplychain management are beyond the grasp of most. One key solution used to help manage complex supplychains is supplychainplanning (SCP). Supplychainplanning is a complex solution.
Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math. New product introductions.
If supply, inventory and demandplanning are building materials, scheduling is the tool that helps you assemble them. SupplyChain Scheduling Best Practices: Developing the Tools to Execute your SupplyChainPlan was first posted on March 11, 2025 at 9:15 am.
How AI powered demandplanning solutions revolutionize the role of demand planners In today’s fast-paced and competitive business landscape, organizations are constantly seeking ways to optimize their operations and improve their supplychain.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content