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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. Probabilistic demand forecasting, in contrast, provides a full probability distribution, revealing actual purchasing patterns and enabling inventory planners to align stock levels with demand realities.

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Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

Beyond simply improving forecast accuracy, todays ML-powered demand forecasting software uncovers hidden supply trends, anticipates pricing fluctuations, and enables proactive supply chain planning decisions. According to McKinsey , organizations implementing AI-driven demand forecasting solutions can reduce forecast errors by 30% to 50%.

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REPOST: 3 Emerging Supply Chain Trends with Steve Elwell

The Logistics of Logistics

Joe Lynch and Steve Elwell discuss 3 emerging supply chain trends. Areas of focus include new market entry, new product development, sales effectiveness, partnerships and alliances, operational excellence, and financial management. Key Takeaways: 3 Emerging Supply Chain Trends. About Steve Elwell. About iDev Partners.

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Manufacturing ERP Software Comparison: Guide to Buying in 2025

RFgen

Business Intelligence: Identify trends, optimize processes, and make data-driven decisions to improve efficiency and profitability. JD Edwards EnterpriseOne: This platform specializes in discrete manufacturing , excelling in areas like shop floor control, quality management, and detailed product costing.

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REPOST: 5 Trends Shaping Logistics with Ben Gordon

The Logistics of Logistics

5 Trends Shaping Logistics with Ben Gordon. Ben Gordon and Joe Lynch discuss 5 trends shaping logistics and supply chain. In the interview, Ben reviews and discussed trends and interesting companies in ecommerce, final mile, cold chain, reverse logistics, and fulfillment. 3PLex was then purchased by Maersk. Ben Gordon.

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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

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L’Oréal: A Case Study in Supply Chain Excellence

Supply Chain Shaman

The company experienced a 34% growth in global e-commerce in 2017 and is expecting the trend to continue. The Company;s senses consumer preferences to change and align their portfolio to deliver personalized products for purchase anytime and anywhere. Anticipating the shifts in demand, the company’s focus is increasingly digital.