Archive for Machine Learning

Artificial Intelligence in Demand Planning

There is an arms race to incorporate artificial intelligence in demand planning solutions. Many new data sources, features, and tools are being explored. A new demand modeling tool has been introduced which will make it easier to analyze new data sources to see if they can be used to improve forecasts.

Read More →

The Peril of Circular Reasoning in Machine Learning and Forecasting

Machine learning engines can take data on forecast accuracy and use that data to automatically improve the forecast model. However, three is a rub. Lost sales is a key piece of data on the accuracy of the forecast, but lost sales is generated with a demand forecast. This is circular reasoning. But that does not mean this analysis is without value.

Read More →

The Arms Race to Leverage Machine Learning in Supply Chain 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.

Read More →

Machine Learning in the Digital Supply Chain isn’t New

Machine learning has become hot this year. Supply chain software suppliers are investing in improving their software’s capabilities by using machine learning. But machine learning in supply chain software is not new.

Read More →

A Practical AI Platform? What a Concept!

I’ve been briefed by several providers of AI platforms. I’m left uneasy by these briefings. It is as if Artificial Intelligence is like a magic wand, wave it and your problems disappear. But Teknowlogi appears to have a practical AI Platform, the first I’ve come across.

Read More →

Machine Learning with Data Overload

Just because we have a massive junkyard of data in a data lake does not mean we have the right data to answer key supply chain questions like: “How do I improve production rate, reduce maintenance costs, or improve product quality in my factory”. Machine learning with neural networks is a promising technology for extracting useful models for data, but typically needs very specific data that is not likely to be found in a data lake.

Read More →

CSX’s IoT Enabled Machine Learning Journey

The Internet of Things (IoT) and machine learning are both getting a great deal of attention. Many pundits say there is more substance than reality to this coverage. But CSX has shown that one area where the ROI of IoT is clear, is in the area of predictive and prescriptive maintenance.

Read More →

What is Machine Learning? How will this Technology Change Supply Chain Solutions?

Machine learning is helping support more efficient supply chains. Machine learning is being discussed more often in supply chain contexts because of the buzz created by the Internet of Things (IoT). This article gives an interesting supply chain use case for machine learning, and defines and explains the technology.

Read More →