AI: forecasting and inventory management

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AI: forecasting and inventory management

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    30 July 2024
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    Over coffee about the supply chain
    Enriching sales data in forecasting Sales forecasting is one of the most important parts of the planning process. Accurate forecasts allow you to optimize inventory, better […]
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    25 July 2024
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    Over coffee about the supply chain
    Basic Strategies for Inventory Renewal Over coffee today, a few words on the underlying restocking strategies used by companies. 1. Just-in-Time (JIT) Just-in-Time strategy, that is, […]
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    19 July 2024
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    Over coffee about the supply chain
    Inventory control for seasonal products Managing inventory of seasonal products is one of the biggest challenges for companies. These products, characterized by significant fluctuations in demand […]
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    24 March 2022
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    Fuzzy sets
    In natural language, we often use imprecise and ambiguous terms to describe phenomena.  We use terms such as tall height, young man, low temperature, big city, […]
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    15 February 2022
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    Prediction intervals as quantification of predictions using a neural network
    Prediction intervals (PPs) offer a convenient way to quantify forecast uncertainty, so they have been widely used in forecasting practice. PPs can provide information about best- […]
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    28 January 2022
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    Recurrent neural networks
    Recursive Neural Networks (RNNs) are used to model and predict variables that evolve over time. Unlike standard neural networks, they have the ability to remember the […]
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