Machine learning—it’s a ubiquitous buzzword that’s used loosely but at the same time widely misunderstood. Like many powerful technologies, machine learning has the potential for great business benefit, but if wielded in the wrong way can result in wasted time and resources, and poor business decisions.
We’ve compiled six important tips for businesses considering applying machine learning to supply chain planning problems, based on our nearly 10 years of experience building and delivering machine learning solutions. You’ll learn important points every supply chain organization should consider before diving into a demand planning machine learning project, including:
How to set and track specific business objectives at the start
A phased approach for a solution that meets your objectives today and as your needs change
How to apply the four dimensions of machine learning data: volume, granularity, quality, and variety
Insight into operationalizing your machine learning solution for sustainable business value
Tips for assembling the right team with the skills and resources to ensure success
As many as 75 percent of companies are still using spreadsheets to optimize their inventories. And most still use ABC Classification, which dates all the way back to 1951.
Increasing supply chain complexity and demand uncertainty is creating a staggering array of variables, leaving planners that rely on last century’s solutions with little chance of meeting both service levels and financial goals in a sustainable way.
There’s a better way to optimize inventory. Service-driven inventory optimization is the new and proven way to optimize inventory in the digital age. This ebook, based on hundreds of successful deployments, will introduce you to the new building blocks for optimizing inventory in the digital age so you don’t get left behind. It will reveal:
Why traditional approaches are incapable of meeting today’s long-tail demand complexities
Why probability forecasting is replacing the traditional ‘one-number’ deterministic forecasting approach
Important considerations for selecting the right IO solution
How businesses like yours are slashing inventory and increasing service levels using a service-driven strategy
Kunal Mehta, head of consulting with Blueprint, says 3D printing has an opportunity to prove its value as manufacturers struggle with disruptions in supply chains triggered by the coronavirus pandemic.
Modern technology provides us with a dazzling array of devices, machines and vehicles designed to create more efficient supply chains, promote a cleaner environment and generally enrich our lives. But none of it runs without batteries.
Factory doors are reopening after nations from Denmark to Germany began easing restrictions on public life, with Italy, France and Spain to follow. But it won’t be a sudden return to business as usual.
Tuesday, April 21, 2020 12:00 to Tuesday, July 21, 2020 12:00
Tired of Non-Stop Firefighting to Sell and Ship Product? Don’t Miss This Webinar.
To get out of crisis mode, companies are turning to Integrated Tactical Planning (ITP).
In this webinar, you’ll discover how middle managers use ITP to routinely re-align and re-optimize product, demand, and supply plans over the near term. Execution becomes far more reliable, and crises are minimized.
In this webinar, you will also learn:
How Integrated Tactical Planning works
Symptoms that indicate your company may benefit from ITP
Real life examples and lessons learned from organizations executing ITP
Todd Ferguson, Principal, Oliver Wight Americas
Dawn Howarth, Partner, Oliver Wight EAME
Rod Hozack, Partner, Oliver Wight Asia Pacific
Tuesday, May 19, 2020 12:00 to Wednesday, August 19, 2020 12:00
ON DEMAND WEBINAR
Three Actions You Can Take Today to Prepare for Tomorrow
Disruption occurs with no warning. Your supply chain's business network must be prepared to react seamlessly to disruption with minimal impact to your business. Join St. Gobain and IBM to learn three key actions your organization can take today to prepare for tomorrow's business network challenges. Explore how cloud, AI and process automation provide business value with real-world use cases.
You will learn about:
Modernizing to the cloud
Digitizing and automating manual processes
Infusing analytics into your Network
Jeannine Calandra, Senior Sterling Offering Manager, IBM Corporation
Chase Shelby, EDI Admin, Saint-Gobain Abrasives North America
Bob Bowman, Editor-in-Chief, SupplyChainBrain
Tuesday, June 23, 2020 12:00 to Wednesday, September 23, 2020 12:00
If COVID-19 has you thinking, “if only we’d been better prepared”, you’re not alone. The Coronavirus has shown us that, similar to humans, companies are susceptible to crises from weather catastrophes to global pandemics. It takes more than just luck to survive these interruptions. There are steps you can take now to inoculate your supply chain ahead of the next global disruption.
Join industry insiders George Fowler, Group VP at Spinnaker Management Group and David Barton, GM of North America at ToolsGroup as they share learnings from supply chain responses around the globe and actionable tips you can take now to build resilience in the face of disruptions.
This one-hour session will cover tips on:
Having the right planning tools and capabilities.
Implementing a resilient network.
Monitoring and adjusting business KPIs.
Establishing knowledge retention and change management.
Implementing effective scenario planning.
Don’t be caught unprepared when the next disruption occurs. Register now to start building your supply chain resilience game plan.
David Barton, GM of North America, ToolsGroup
George Fowler, Group VP, Spinnaker Management Group