Kristi Porter

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…

To compete in today’s supply chain landscape, you need the best talent. We can’t overstate this enough. The talent competition is fierce and has increased due to the rapid onset of machine learning and artificial intelligence. If you don’t have a talent management partner who can accelerate your leadership placements, you run the risk of missing out on the best candidates and making a bad hire. It’s better to trust professionals who can commit a full-time approach to helping you find the supply chain leaders you need, rather than disrupt your own operations, hoping you have the right access and relationships to land the best talent. Here are 5 leading supply chain recruiting and executive search organizations: SCM Talent Group The key differentiator for SCM Talent Group and other supply chain recruiters is their decades of relationships, coupled with thought leadership. Founder and Managing Partner Rodney Apple helped to build out Home Depot and Coca-Cola’s supply chains more than 20 years ago. These decades of experience allow SCM Talent Group to better identify leaders who can help to transform supply chains into competitive advantages. Apple’s deep relationships in this niche industry have allowed his team to access hard-to-find talent pools…