Camilo Pita

Special Guest Blog Post written by Chris Cunnane with InterSystems   Demand sensing and demand forecasting are both crucial aspects of optimizing supply chains, but they do have slightly different functions in their approach and focus. Demand sensing uses real-time data and analytics to identify and respond to immediate demand fluctuations, while demand forecasting uses historical data to predict future demand over a longer period (months or years). Different methods, such as statistical modeling and machine learning, are used to enhance the accuracy and adaptability of these processes. Both areas are crucial for companies when it comes to projecting sales, managing inventory, and coordinating replenishment. In the end, the goal is to accurately predict customer demand by using predictive models to forecast future demand. InterSystems surveyed 450 senior supply chain practitioners and stakeholders to examine key supply chain technology challenges, trends, and decision-making strategies across five key use cases: fulfillment optimization; demand sensing and forecasting; supply chain orchestration; production planning optimization; and environmental, social, and governance (ESG). This blog focuses on demand sensing and forecasting.   Current State of Demand Sensing and Forecasting According to the survey results, when asked how they currently forecast demand, 36% of respondents indicated that…

As the supply chain industry continues to face profound transformation, staying updated on the latest trends, innovations, and best practices in the space is crucial. With over 464 million podcast listeners worldwide, podcasts have become an invaluable resource for professionals seeking insights and inspiration. The wonderful world of the web means you can find a podcast in any niche, but how do you separate the wheat from the chaff when it comes to quality supply chain podcasts? To help you get there, we’ve curated a round-up of the top ten must-listen supply chain podcasts that will keep you informed and entertained. 1. Supply Chain Now Where to Listen: https://supplychainnow.com/program/supply-chain-now/ Hosts: Scott Luton and various industry experts. Best for: The go-to resource for insights into global supply chain performance. Featured in the Apple Podcasts business leadership charts in over 60 countries, Supply Chain Now is a renowned podcast for its extensive coverage of supply chain topics, including insights from industry leaders and experts. Hosted by Scott Luton and his team of industry-veteran co-hosts from brands like Amazon, P&G, and Nordstrom, the podcast delves into everything from logistics and transportation to technology and innovation. With a history of high-quality content and engaging…