Well, let's talk about 3 statements that are obvious and oversimplified because they contain a self-evident truth about demand forecasting in supply chains. Obvious statement #1 "Forecasts are always wrong": The first obvious statement is that forecasts are always wrong. You hear this often, it is [...].
Demand Driven, also known as Demand Driven Material Requirements Planning - DDMRP, is a materials and inventory planning and management methodology. The great difference of this methodology is that it allows companies to carry out a warehouse supply according to the real demand of their market. With its use, organizations can [...]
In today's world, analytics is essential for companies to make intelligent and well thought-out decisions. Decisions based on concrete, up-to-date and relevant data. Supply chain operations generate enormous amounts of data. This data must be studied to show possible patterns that can then be used as a basis for [...]
What many of us assumed about AI and no one bothered to clarify Business Experts vs AI Experts Develop AI vs Productivize AI An AI model is a one-time effort This is what many of us assumed about AI and no one bothered to clarify, certainly memorable for a company, the [...]
Estimated reading time: 6 Minutes Surely you have wondered about Software as a Service (SaaS), what is it and what are its advantages? In today's world, where words like digital transformation and Industry 4.0 are commonplace. People are starting to be familiar with or want to know about the different ways in which their companies can [...]
Estimated reading time: 2 minutes. Our world changed, and it did, overnight. A couple of weeks ago we were talking about 4.0 technologies, about digital transformation, and for some this was a long-term topic. Today, what many companies saw as far away from being implemented, is becoming the best opportunity to [...]
Estimated reading time: 2 minutes. The label "Big Data" is given to a project when it meets these three criteria: volume, variety and/or velocity. CRITERIA FOR DEFINING BIG DATA Volume: This is the most direct association we have with Big Data, since it involves information systems either with massive amounts of information or [...]