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What Georgia-Pacific Is Doing With Causal AI Is Remarkable

Logistics Viewpoints

More importantly, we needed to capture the knowledge of our subject matter experts on how to make all of that happen.” It learned how to solve problems from the people who solve those problems every hour of every day. It analyzes new and historical order data, customer preferences, and transactions. What is Causal AI?

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What Are Reorder Points and How to Calculate Them

Ship Monk

This article will explain what reorder points are and show you how to calculate them. How to Calculate a Reorder Point. How to Calculate Demand During Lead Time. Average lead time is 30 days, including manufacturing and shipping, and over the course of a year you sell an average of 29 units per day. Improving Data.

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Demand forecasting challenges – how to deal with fluctuating demand

EazyStock

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. How to overcome demand forecasting challenges. Use appropriate historical data.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. If university study is a little beyond you right now, one of the certification courses might work better for you. And don’t be afraid to ask their advice on how to start out in the industry.

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How to Mitigate Risk in Demand Driven Supply Chains

Logistics Bureau

The demand-driven SCM concept therefor uses actual demand instead of error-prone forecasts to drive replenishment.” This necessity is concerning for some company leaders, who fear conflicts of interest, information leaks, and other data-security vulnerabilities. ” – Simon Eagle, Demand Driven Institute.

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AI’s Transformative Role in Warehousing

Logistics Business Magazine

Edward Napier-Fenning, Sales & Marketing Director of leading supply chain software company Balloon , explores five key areas that can boost performance – including route planning, picking, labour management reporting and data entry. Quite suddenly, Artificial Intelligence (AI) is everywhere.

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Demand Forecasting 101: Everything eCommerce Businesses Need to Know

Ship Monk

For an eCommerce business owner, the answer is obvious: How the heck do I get a handle on my inventory management ?! We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. How often does inventory need to be replenished? How does that stack up to AOV ?