Published in MLearning.ai·PinnedMember-onlyA Resilient Demand Planning FrameworkRecent demand disruptions have put global supply chains to the test. The surge in demand for certain goods in healthcare, consumer goods or e-commerce led to a lot of “firefights” in the supply chain. Combined with global supply shortages, an increase of 250% of out-of-stock situations in October 2021, compared…Supply Chain Management7 min readSupply Chain Management7 min read
Published in MLearning.ai·PinnedMember-onlyDecision Intelligence in Supply Chain ManagementIt’s estimated that we make 35.000 decisions every day. Some of these decisions are already automated, like putting suspicious emails in your spam inbox or ringing alarm bells in case of fires; others, like self-driving cars, might take some more years until we fully trust them. Also, in the supply…Decision Making6 min readDecision Making6 min read
Published in MLearning.ai·Feb 10Member-onlyThe Impact of Supply Chain DisruptionsA look back on supply disruptions in 2022 In 2022 China closed businesses without discrimination. According to project44, Foxconn, a company that makes iPhones, was one of many crucial businesses in Shenzhen affected by supply chain disruptions. The factory was shut down by just 60 Covid cases, which resulted in a seven-day lockdown of the 17.5 million-person manufacturing…Procurement6 min readProcurement6 min read
Published in MLearning.ai·Oct 26, 2022Member-onlyHow to reduce Inventories and free up cashSupply Chains have prioritized two metrics over the last decade where interest rates and inflation were low: Customer Fill Rates and Marginal Supply Chain Costs. Now, where cash is not free anymore, inventory holding costs and, therefore, free cashflows gain importance. Many companies like Nike (+44%), Walmart (+32%), Target (43%)…Inventory Management6 min readInventory Management6 min read
Published in MLearning.ai·Sep 11, 2022Member-onlyPredictive Maintenance: A real-world AI exampleIntermittent demand, low order frequency, high price variations, outdated bill-of materials, and many stock-keeping-units are all reasons why spare parts planning is a very tough exercise. Therefore high service levels to avoid machine downtimes come with high inventory levels or scrapping rates. …Inventory Management3 min readInventory Management3 min read
Published in MLearning.ai·May 20, 2022Member-onlyBionic Reading — The new API all developers should take a lookThe human attention is one of our most valuable commodities. It’s hard to stay focused for longer articles or even a whole book. Also a study from Harvard shows that the average person’s mind wanders aimlessly 47% of the time. …Reading2 min readReading2 min read
Published in MLearning.ai·May 18, 2022Member-only5 Reasons to digitize your Supply ChainSupply chain management were important even before the pandemic. However, the Corona crisis has clarified to everyone how dependent we are on functioning supply chains. The effects are currently becoming even more significant. …Supply Chain6 min readSupply Chain6 min read
Published in MLearning.ai·Jan 18, 2022Member-only7 alternative steps to increase revenues in e-commerceMost online shoppers can relate to the frustration of reading “Available only in 12 weeks” when buying products online. Up to 58% of frustrated shoppers are lost customers due to product unavailability in in-store sales and 65% in online sales. …Ecommerce4 min readEcommerce4 min read
