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How to interpret demand-sensing data

The Network Effect

Note, this is part five in a series on demand sensing. Demand Sensing can import demand data on an hourly rather than a batch or daily basis, immediately sensing demand signal changes as compared to a detailed statistical demand pattern, and then evaluates the statistical significance of the change.

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The agile supply chain is back in trend. But this time it’s for real!

Supply Chain Trend

In 2012 I wrote a short blog about demand driven & agile supply chains , which seems to be all the hype back then. COVID showed us that when you cannot sense early and respond quickly, you are in a world of pain or even face an existential threat. Big Data has become…well really big …and feeds AI and ML algorithms to extract value.

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When the dust settles, what can AI actually deliver in procurement?

Spend Matters

Now, it’s much more focused on category strategy – looking at how AI can be used to analyze data, make sense of it and interpret it in interesting ways. But using the technology, it suddenly becomes possible to consider millions of data sources all alongside the human intelligence of the professionals in your Procurement team.

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Generative AI use cases for the enterprise

IBM Supply Chain Blog

Demystifying generative AI At the heart of Generative AI lie massive databases of texts, images, code and other data types. This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Imagine each data point as a glowing orb placed on a vast, multi-dimensional landscape.

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Spend Matters Future 5 2023 – Introducing akirolabs

Spend Matters

And I said No,” he recalls, “I don’t even understand the question, because — in my humble opinion — the company is already fully digitalized in the sense that it meets or beats every benchmark in procurement.” procurement bundles their demands to get cheap materials. We wanted fast steel. We wanted green steel.

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What Skills Does an ESG Procurement Manager Need?

Una

Organizations are feeling the need to fill highly-skilled ESG procurement manager roles to meet consumer demand for sustainable goods. By Hugo Britt | October 26, 2023 Search Search You don’t need a crystal ball to see that demand for ESG (Environmental, Social & Governance) Procurement Managers will continue to grow.

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Demand Sensing Round-Up (Blog Posts, White Papers, and Webinars!)

The Network Effect

Demand sensing has been a hot topic in the SCM community in 2015, and we’ve covered many aspects. Why Demand Sensing is Value-Based Performance Management. How to Interpret Demand Sensing Data . How to Interpret Demand Sensing Data . What is Demand Sensing?

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