machine learning Archives - Demand Planning

Beware The Pitfalls Of AI In Demand Planning

Daniel FitzpatrickFebruary 16, 2021

As we integrate artificial intelligence (AI) and machine learning (ML) into our demand planning processes, I am sure that we will see improvement in our ability to anticipate demand rather than react to it. However, accurate forecasting is only o... Read More...

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Updating Machine Learning Models To Adapt To Demand Shifts

Liudmyla TaranenkoJanuary 12, 2021

Even before the pandemic, foward-thinking retailers leveraged AI and machine learning technology (ML) for demand forecasting. In the post-Covid world, however, those ML models have failed to provide accurate predictions because they don't know th... Read More...

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The Intersection Of Forecasting, Machine Learning & Business Intelligence

Eric Wilson, CPFJanuary 5, 2021

The following is an extract from Eric Wilson's new book, Predictive Analytics For Business Forecasting & Planning, written by Eric Wilson CPF. It is your guidebook to the predictive analytics revolution. Get your copy. Most of what is di... Read More...

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Predictive analytics in business forecasting

How Business Forecasting & Predictive Analytics Are Merging

Andrew Scuoler CPFDecember 7, 2020

Business forecasting and predictive analytics are merging to leverage Big Data as a growth driver. Predictive analytics does not have to be complicated and Demand Planners can learn these models and methods to drive business insight. Organizati... Read More...

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IBF Talks To Dr. Eric Siegel

Andrew Scuoler CPFNovember 4, 2019

IBF spoke to Dr. Eric Siegel, author of the best-selling book Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die, and host of the Dr. Data Show on YouTube. He reveals why predictive analytics has become a critical best practi... Read More...

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Machine learning in new product forecasting

In New Product Forecasting, Human Beats Machine

Olga GerasymchukSeptember 9, 2019

The world of forecasting today is filled with machine-related buzzwords like AI, predictive analytics and machine learning. Will all of forecasting be done by machines a few years from now? Do humans still have any competitive advantage over software... Read More...

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The Quantitative Skills Gap Means Leveraging Machine Learning Is Still 10 Years Away

Patrick BowerJanuary 16, 2019

As we start each new year, there comes a fresh list of ideas or prognostications about future trends in demand planning and S&OP. These days everyone is using the word digital—digital supply chain, digital transformation, digital quests, and digi... Read More...

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Machine Learning + Statistical Forecasting = Faster Response

Carol McIntoshJuly 2, 2018

In forecasting there is an old saying that forecasts are never accurate, and that what's important isn't an exact number, but a range. Advancing digitalization is making this approach more and more effective, as we use forecasts to identify trends, a... Read More...

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MIT RESEARCH: MACHINE LEARNING KEY TO SUPPLY CHAIN AGILITY IN FASHION INDUSTRY

Majd KharfanJune 18, 2018

The fashion industry is undergoing seismic shifts due to omnichannel and social media disruption that make predicting and managing demand more difficult than ever. Two MIT graduates and supply chain professionals share their research findings on how ... Read More...

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IBF Survey: 70% Of You Say AI Is Future Of Demand Planning

Eric Wilson, CPFJune 11, 2018

While the basic concepts of Machine Learning (ML) and Artificial Intelligence (AI) are not new to forecasting and demand planning, there obviously seems to be renewed interest. For years, forecasters have used algorithms including artificial neural n... Read More...

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