Forecasting search results

Manufacturing & Logistics IT spoke with leading representatives from the analyst and vendor communities to discuss some of the most important key talking points and areas of innovation taking place within demand forecasting and planning technology.

With a more fragmented and volatile playing field becoming the norm, companies need to be able to make better more accurate decisions to manage anticipated and actual demand as well as execute and fulfil orders.

Welcome to the December 2023 edition of Manufacturing & Logistics IT. In this issue we feature a Special Technology Report looking in depth at the latest developments in the world of Demand Forecasting & Planning solutions.

Also included is a ‘Cover Story’: Worldwide end-user spending on public cloud services is forecast to grow 20.4% to total US$678.8 billion in 2024, up from $563.6 billion in 2023, according to the latest forecast from Gartner, Inc.

Digital twin technology represents a quicker and more cost-effective route to market for new products. It is one of the fastest growing segments in engineering, with analysts McKinsey & Co forecasting that the global market for digital twin tech will grow by about 60 percent annually, reaching USD 73.5 billion by 2027.

bp has signed an agreement with RELEX Solutions, provider of unified supply chain and retail planning solutions, to implement their forecasting and replenishment capabilities in its UK convenience retail business.

According to McKinsey’s The State of AI in 2023 report, 55% of companies have adopted artificial intelligence (AI) in some form, but fewer than one third say that AI is used in more than one business function.

Logility, Inc., the prescriptive supply chain planning solutions provider, has signed a definitive agreement to acquire Garvis, a visionary SaaS startup that combines large language models (ChatGPT) with AI-native demand forecasting.

By Rudrendu Kumar Paul and Bidyut Sarkar

Embracing the Future of Supply Chain Management: An Exploration of AI's Transformative Impact on Demand Forecasting and its Potential to Navigate Global Uncertainties.

Premium natural pet food company MPM Products Ltd will partner with unified supply chain planning solutions provider Relex Solutions to improve its forecasting and inventory planning capabilities.

CJ Lang & Son Ltd, the wholesaler for SPAR in Scotland, and the major Scottish convenience store franchise with over 300 stores across the country, has selected RELEX, provider of unified supply chain and retail planning solutions, to automate and optimise its supply chain processes.

A manufacturer of eco-friendly, innovative domestic cleaning products is forecasting 25% growth and creating new jobs after investing in a new automation technology.