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A constant struggle exists in manufacturing: ensuring enough inventory to meet customer demand while avoiding the financial burden of excess stock. This delicate balance is where the concept of safety stock comes in. It acts as a buffer zone, safeguarding against unexpected demand surges or supply chain disruptions. However, determining the right amount of safety […]
Improve your time series forecasts by understanding the reasons behind accuracy variations. Ever built a time series model that seemed perfect for January, only to see its accuracy plummet in February? You’re not alone. Time series data is inherently tricky, and accuracy can fluctuate significantly. This blog post dives into the culprits behind these fluctuations […]
BOSTON, August 19, 2024 /PRNewswire/ — Sway AI, a leader in automated no-code AI, announced today that it has integrated its no-code AI environment with Microsoft Azure. This integration enables Azure customers to build and deploy secure AI and machine learning applications directly on Microsoft Azure. “Microsoft Azure’s robust security, scalability, and comprehensive cloud services […]
In today’s fast-paced world, businesses need agile and responsive supply chains. These chains must adapt to disruptions, respond to evolving consumer demands, and optimize inventory levels, all while maintaining efficiency and profitability. However, many companies are still clinging to traditional supply chain planning tools, which can be costly to implement, slow to adapt, and ultimately […]
Excel’s limitations don’t have to be your supply chain’s Achilles’ heel. A powerful escape hatch is waiting for you: Artificial Intelligence (AI). AI-powered forecasting solutions revolutionize how businesses predict demand, ushering in an era of unparalleled accuracy, real-time insights, and a proactive approach to supply chain management. The potential benefits of AI-driven forecasting are significant. […]
In the ever-evolving world of supply chain management, accurate demand forecasting is the cornerstone of success. However, for many supply chain analysts, the go-to tool remains Excel, a familiar yet fundamentally flawed solution. While Excel offers a surface-level ease of use, its limitations become increasingly problematic as data sets grow and supply chains become more […]