Supply Chain Forecasting with Advanced Analytics

Forecasting and strategic planning in the supply chain has changed drastically since 2020. This week, Gustavo Escobar, Manager at Miebach, and Gylian Verstraete, Data Scientist at Solventure, join to discuss how forecasting has changed since 2020 which has caused companies to either change or expand their forecasting models. Traditional forecasting models are reaching a breaking point and forecasting changes in demand for products is a critical aspect of supply chain management, and accurate forecasting is essential to ensure that businesses can meet customer demands while optimizing inventory levels and minimizing costs.Join as we discuss:Forecasting changes in demand for productsExpanding the demand forecasting modelUnderstanding external data that impacts forecastingThe usage of advanced analytics to improve forecastingCheck out Solventure’s recent blog post on the “doomsday” for traditional forecasting. As always, be sure to rate the podcast 5-stars on your favorite podcast platforms!