John Janson

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…

Listen up! Catch up on all the latest episodes, interviews, conversations, and livestreams from this week right here. On Monday, we released 3 new episodes! On Supply Chain Now, hosts Scott Luton and Ben Harris welcomed Colton Griffin, CEO of Flourish Software, to talk about how the supply chain for cannabis operates and how it could influence the modern supply chain. On This Week in Business History, host Scott W. Luton dives into 10 things that you may not know about the Suez Canal, a modern engineering marvel that has been the subject of global fascination recently. On Supply Chain Now en Espanol, hosts Enrique and Jose Miguel welcome Ignacio Alcalde with TW Logistica to the podcast. On Tuesday, we released 2 new episodes. On this episode of TEKTOK, powered by Supply Chain Now, hosts Karin Bursa and Scott Luton welcome Transplace CEO Frank McGuigan to the podcast to discuss how disruptions drive supply chain innovations and advancements. On TECHquila Sunrise, host Greg White sat down with Peter Stangeland, Chief Commercial Officer of DB Schenker, to talk about the exciting progress his teams have made in clearing the path to sustainability through innovative forms of transportation and his advice for…