ToolsGroup
JUNE 29, 2020
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?
Logistics Viewpoints
MARCH 27, 2023
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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BlueYonder
OCTOBER 29, 2024
That capability is accurate, dynamic, real-time forecasting. Thanks to artificial intelligence (AI), machine learning (ML), data science, analytics, and advanced algorithms, today’s forecasting solutions are smarter and more precise than ever.
Logistics Viewpoints
JUNE 8, 2022
It is hard to believe it has been two years since I was faced with forecasting WMS and warehouse automation market growth rates in the midst of the COVID-19 pandemic. These events make accurate forecasting very difficult. I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do.
Logistics Viewpoints
OCTOBER 14, 2024
Further, the journey to autonomous planning does not rely on a highly accurate forecast. “I I have not cared for 20 years”, Mr. Bakkalbasi states with force, what level of forecast accuracy is achieved. Forecasting is not an actionable item.” You don’t act on a forecast; you act on what you purchase.
Logistics Viewpoints
MARCH 12, 2025
Inventory & Warehouse Management Warehouses and fulfillment centers are prone to stock discrepancies, mismanagement, and delays due to human error. How Smart Contracts Improve Warehousing Automated Stock Replenishment: Smart contracts automatically trigger new orders when inventory levels fall below a certain threshold.
Logistics Viewpoints
JUNE 7, 2021
The implementation also involves leveraging weather data to improve forecasting. Gijs Majoor, vice president of supply chain and sustainable fuels, and Jacob Gladysz, the director of logistics explained the Pinnacle Propane business and their journey to improve their forecasting. Forecasting is harder there. This is also rare.
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