How a Fresh Approach to Safety Stock Analysis Can Optimize Inventory
Refer to the accompanying notebook for more details. A manufacturer is working on an order for a customer only to find that the delivery of a critical part is delayed by a supplier. A retailer experiences a spike in demand for beer thanks to an unforeseen reason, and they lose sales because of their lack...
New Methods for Improving Supply Chain Demand Forecasting
Organizations Are Rapidly Embracing Fine-Grained Demand Forecasting Retailers and Consumer Goods manufacturers are increasingly seeking improvements to their supply chain management in order to reduce costs, free up working capital and create a foundation for omnichannel innovation. Changes in consumer purchasing behavior are placing new strains on the supply chain. Developing a better understanding of...
On-Demand Webinar: Granular Demand Forecasting At Scale
We recently hosted a live webinar — How Starbucks Forecasts Demand at Scale with Facebook Prophet and Databricks — During this webinar we learnt why Demand Forecasting is critical to Retail/ CPG firms and how it enables 22 other use cases. Brendan O’Shaughnessy, Data Science Manager at Starbucks walked us through how Starbucks does demand...
Fine-Grained Time Series Forecasting At Scale With Facebook Prophet And Apache Spark
Advances in time series forecasting are enabling retailers to generate more reliable demand forecasts. The challenge now is to produce these forecasts in a timely manner and at a level of granularity that allows the business to make precise adjustments to product inventories. Leveraging Apache Spark™ and Facebook Prophet, more and more enterprises facing these...
