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Get Started Using Machine Learning for New Product Forecasting

ToolsGroup

Adding to this already uphill battle, we don’t have trustworthy new product forecasting methods because forecasting new products with no sales data is very hit-and-miss. Machine learning (ML) provides an effective weapon for your new product forecasting arsenal. Why is new product forecasting important?

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2021 Supply Chain Technology Trends to Watch

Logistics Viewpoints

There are some young supply chain technologies that are getting a lot of buzz. But how mature are these technologies? There are also promising technologies that we expect will deliver great value. Finally, there are technologies that do generate value that few people have heard of. Hyped Technologies. Blockchain.

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Autonomous Planning in Supply Chain: 4 Must-Haves for Next-Generation Platforms

Logistics Viewpoints

It is one of those high-end brands with global recognition, and to my surprise, the manufacturer’s own website did not have any stock and no indication on when it would be available. Automated forecasting processes. The planning platforms need to evolve with changing business needs. so I went online to order it.

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Clouds are Gathering for an Open Platform for Supply Chain

ToolsGroup

We saw this right at the start of the pandemic, when parts being manufactured in Wuhan province disrupted car manufacturers’ production lines around the world. These disconnections can seriously hurt manufacturers and retailers in today’s online, service-driven economy where consumer expectations are defined by the Amazon experience.

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How Data Analytics Can Solve the Challenges Faced by SC Leaders in Discrete Manufacturing

From consumer electronics to automotive manufacturing, most of the global economy’s largest industries rely on some form of discrete manufacturing. Manufacturers in these industries face several unique challenges: Labor and material shortages halting production.

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Melitta: Collaborating for an Improved Forecasting Process

ToolsGroup

Melitta Sales Europe (MSE) embarked on an initiative to revamp existing planning and forecasting processes to increase efficiency and sustainability. With over 6,700 SKUs across various brands and locations, the team needed to modernize its sales and operations planning (S&OP) process with new technology. A Perfect Brew.

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Five Advanced Technologies That Are Revolutionizing Logistics

Logistics Viewpoints

If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges. For logistics teams, digital control towers add maximum value when they’re integrated with the transportation management system (TMS). Warehouse Task Automation.