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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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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely!

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With ToolsGroup Demand Planning Software, DAB Pumps Streamlines Forecasting Processes for an Improved Customer Experience

ToolsGroup

Our flexible, customer-oriented approach helps us set the standard for service and innovation in the water technology industry,” said Ilaria Mercanzin, Group Demand & Resources Planning Manager. What makes ToolsGroup’s forecasting approach the most accurate? Click here to find out in sixty seconds.

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Don’t Wait to Innovate: 3 Key Benefits of Causal Forecasting

Logility

That’s precisely what demand forecasting feels like for many businesses today. Enter causal forecasting. Unfortunately, many companies hesitate to use causal forecasting, thinking it’s too complicated or resource-hungry. What is Causal Forecasting? That’s where causal forecasting comes into play.

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2022 Forecast: Supply Chains Become Critical Infrastructure

ToolsGroup

The problem I’m describing is the urgent need to build a robust, global, end-to-end supply chain infrastructure. What happened to the supply chain in 2021? Before I dig into what I mean by that let’s reflect on 2021 supply chain challenges. The good news: we have the technology to solve this now.

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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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Optimizing Aftermarket Inventory: How ToolsGroup Helps Manufacturers Navigate Complexity

ToolsGroup

CAGR from 2024 to 2032 , the aftermarket sector is becoming more competitive, especially with the rise of electric vehicles (EVs), increasingly sophisticated technologies, and fluctuating customer demands. Complex distribution networks, multi-echelon supply chains, and intermittent demand for parts complicate supply chain operations.