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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Logility
MARCH 6, 2020
Machine Learning for demand forecasting has matured to a level of accuracy, transparency and replicability that translates into transformative results, including in these five areas: Accuracy, transparency, thoroughness of analytical options and results. Let’s take a closer look at each one. Accuracy and transparency.
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
AUGUST 5, 2020
During the process of developing my WMS market forecast, I made assumptions for each quarter of 2020. And indeed, I took into consideration the macroeconomic forecasts for an abysmal Q2 2020. The post Performance During the Pandemic: A Warehouse and Logistics Update appeared first on Logistics Viewpoints.
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.
Logistics Viewpoints
DECEMBER 12, 2023
In today’s fast-paced, hyper-competitive, omni-channel world, warehouses play a critical role in maximizing service and fulfilling the ambitious customer promises that are required today. Warehouses also represent an enormous cost center. Volatile demand means warehouses need to pivot quickly when order volumes change.
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