As part of ARC Advisory Group’s Supply Chain Forum last month, I had the opportunity to speak with Kathleen Geraghty, Vice President of North American Sales at ToolsGroup. During our conversation, we touched on a number of topics around the supply chain planning market. You can watch also the full interview below. Specifically, I asked […]
Machine learning has been successfully applied to demand planning, but leading suppliers of supply chain planning are beginning to work on using machine learning to improve supply planning. But architecturally and culturally, this is a much tougher problem than machine learning applied to demand planning.
Artificial intelligence (AI) is hot. Over $4 billion in venture capital has been invested in AI firms just in the US. But supply chain planning software companies, with their cadre of operations research Ph.Ds who have been modeling complex problems for decades, may be better poised to solve many complex business problems than the hot new Silicon Valley firms.
Getting started with AI in supply chain might not start where you think. Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supply chain and your data. […]
Last week I attended the annual National Retail Federation (NRF) Big Show in New York City. This year, nearly 40,000 attendees comprising 6,200 brands from all over the world headed to the Javits Center to see what new solutions and innovations software and hardware suppliers had in store for 2024 and beyond. The usual themes […]
As a child, I was mesmerized by beauty pageants, especially Miss World, where women from all around the world strutted in gorgeous fashion. I vividly remember the moments when the top winners declared their lofty goals for humanity: solving world hunger! Since the emergence of AI as the shiny object of our times, we see […]
Supply chain resiliency and sustainability are top priorities for CEOs today. To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supply chains to collaborative supply networks and actively design their supply chains. Resiliency, which is the ability to withstand supply chain shocks and bounce back quickly, has become […]
Retailers know firsthand how quickly the market can change. One day, a product is flying off the shelves, and the next, it’s gathering dust. That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and […]
“Our rules of thumb are no longer up to the challenge.” This description by a Chief Supply Chain Officer of the state of the supply chain he found in his new role stuck with me. The tumult of our times has accelerated interest in artificial intelligence (AI) for help more advanced than rules, and ChatGPT’s […]
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. Today’s article comes from Erin Sun at Oracle and identifies five supply chain success factors CPG companies need to know for increased profitability. Optimizing a vast and complex supply chain […]