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Supply Chain Design: A Tool to Help Maximize Value

Logistics Viewpoints

To solve this problem, we’ll need to do three things: understand the data, aggregate the data, and define the constraints. First comes the data and how well we understand it. Do we have a demand forecasting tool in place and, if so, how good is that forecast? Can every customer get products from every warehouse?

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Customer Relationship Management for Ecommerce Brands

Ship Monk

Today’s CRM platforms have adapted and expanded their tools to meet the needs of ecommerce businesses. Let’s take a look at CRM systems, the tools they provide, and the benefits they offer to ecommerce businesses. Here are some of the tools CRM systems offer.

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Generative AI in Supply Chain: How It Impacts Your Logistics

Trinity Logistics

Generative AI is first trained on a foundational model and then fine-tuned with human feedback and additional data. Its responses are based on data it has consumed and a resultant powerful prediction mechanism. That is one example of a public version of Generative AI. Now, none of these are really new technologies.

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Fresh Demand Planning: How AI Empowers Retailers

Logistics Viewpoints

Data Normalization & Removing Bias Data normalization in the context of forecasting is the process of going from actualized sales, which may be biased by various factors such as weather or inventory availability, to an understanding of baseline demand that is stripped of the impacts of these demand drivers.

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Freight Procurement is a Different Game

Logistics Viewpoints

There are different tools, goals, and market dynamics. That processing event determines when the goods need to be delivered to the next stop. It was quickly determined that a procurement event was necessary just to set a baseline. Procurement ran a request for proposal event. An RFP is a data intensive exercise.

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The Advantage of Speed: The Cooper Health Supply Chain Relies Upon Real-time Risk Alerts

Logistics Viewpoints

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Demand forecasts are improved with access to downstream data (point of sale, Nielsen retail data, and access to competitor promotion schedules). Other external data, like industry data or economic data, is used for other types of forecasts. forecasting product sales at 10,000 stores. This sounds obvious.