Supply Chain

This article presents a clear step-by-step approach to reducing your forecasting by up to 35%: collect and clean your data, use machine learning, and enrich your forecasts using the forecast value added framework. — Poor forecasts result in excess inventory, obsolete products, inappropriate long-term capacity planning, supplier tensions, shortages, and emergency expeditions. In short, they harm profitability, frustrate your teams, and waste resources. …

Fourth Party Logistics is the model of Logistics, where company outsources complete supply chain and logistics to the external vendor. This vendor will be responsible for assessing, designing, building and then running all supply chain solutions for the organisation. …

Digital fill-in-the-blank has become the hottest phrase in corporate America. Leaders are quick to voice their organization’s ongoing digital transformation agendas and discuss their plans to become a digital company (note that I am not interchanging digital with AI — an even newer buzzword to tout). But to enable the…

An introduction to the current use cases and possibilities in a gigantic industry — Recently, I’ve pondered how I can provide equal value to both technical and business-oriented professionals in my writings. Fortunately, my role as a data science consultant naturally offers a wealth of interesting topics. Beyond coding, we consistently review literature and articles detailing data-driven solutions across various sectors. This continuous exploration…

Ever thought of how the biscuits you're eating get to you or how your phone and other devices reach you? Most of us make use of products without knowing the processes they pass through before they become finished and are now put out for use. These processes are what we…

The retail industry is constantly evolving, and retailers are under constant pressure to optimize their supply chain management operations to reduce costs and improve customer satisfaction. Salesforce, a leading customer relationship management (CRM) platform, offers several features and tools that can help retailers streamline their supply chain management processes. …

Decision Intelligence for Supply Chain Decision intelligence, also known as decision analytics or decision science, is an interdisciplinary field that combines techniques from mathematics, statistics, computer science, and other disciplines to improve decision-making processes. When applied to supply chain management, decision intelligence can enhance the efficiency, responsiveness, and overall performance of supply chains.

It’s never easy to predict the future. But the technology and business industries both agree (for once) that quantum computing is coming soon. Quite what “soon” means is probably less agreed on, but the areas that they know will be a first wave of solutions and products coming through is…

Note: I have not used Palantir AIP or Microsoft Copilot. My understanding of these products are purely through YouTube and any information made public about them. This article was aided by GPT-3.5-turbo, and ChatGPT plugins. Let’s imagine a real-world scenario where a possible supply chain disruption is about to impact…