Improving demand forecasting in the age of AI is one of the most promising applications for any supply chain. Wondering why? As much as it seems difficult, here’s a clear explanation that will get the facts straight. The importance of demand forecasting • The term ‘demand forecasting’ clearly means forecasting demand. • The purpose of…

Supply Chain Management is the process in which a company manages the flow of its goods and services from the point of origin to the point of consumption. This process involves movement & storage of raw materials, work-in-process inventory, finished goods, end to end order fulfillment, movement of finished goods from manufacturer to warehouse, and…