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The Innovator's Solution

- ToolsGroup's Blog -

Recreating the Demand Environment Requires Additional Inputs

"Recreating the environment in which historical demand occurred"

8 January, 2019

Editor's Note: Starting today we will begin publishing this blog once every two weeks.

At last year’s Gartner Supply...

Machine Learning SCP Use Cases

Demand Planning is the top Machine Learning App for Supply Chain Planning

11 December, 2018

Source: Gartner 2018     

Gartner recently polled both users and vendors on which types of supply chain planning (SCP)...

Forecast Accuracy Benchmarking - What Does Good Look Like

What’s Your Forecast Accuracy Target for 2019?

27 November, 2018

Editor’s Note: Two years ago we posted a blog about how to set an annual forecast accuracy target and it was one of our...

Probablistic Forecasting 2

Why probabilistic forecasting is better for inventory optimization

13 November, 2018

Last month we published a primer on probabilistic forecasting, an alternative to deterministic or ‘single number’...

Probability_density_function_of_the_sum_of_two_dice

Probabilistic Forecasting - a Primer

16 October, 2018

An experienced gambler might hedge their bet on multiple outcomes, rather than just the most likely "single...

Forecasting Word Cloud

Decoding the Language of Demand

10 July, 2018

If you’ve been in supply chain for any length time, you might be wondering what caused demand forecasting to develop so...

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How Not to use Machine Learning for Demand Forecasting

21 February, 2018

Eight years ago ToolsGroup was one of the first supply chain planning software vendors to employ machine learning to...

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Trade promotion forecasting: the present and the near future

30 January, 2018

Trade promotion forecasting is difficult: getting it right involves factoring in many variables. Marketing people, who...

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Probabilistic Forecasting Can Extend the Life of SAP APO

12 December, 2017

Since the beginning of time – OK, since the beginning of demand forecasting --- the standard approach has been a single...

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Building a Business Case for Improved Demand Forecasting

11 October, 2017

I’ve always maintained that improving demand forecast accuracy, as helpful as it can be, shouldn’t be the end goal...

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