Tag: Forecasting

Forecasting is the key to maintaining an effective balance between meeting customer demand and effectively using your resources. An undersupply can lead to disappointed shoppers while an oversupply will sit on shelves until sold or discarded (if passed its useful shelf life). Businesses use everything from spreadsheets, workflows, to complex resource planning software to generate […]

We’ve talked about the exciting immersive commerce and in-store optimization ideas coming out of NRF 2023, but what about the stuff behind the “retail curtain”? At this year’s big show, Doug Tiffan, head of worldwide solution strategy Apparel & Fashion, led an informative discussion talking about how and why AWS services and applications like: Amazon […]

Travel and hospitality companies need to remain efficient, profitable, and customer obsessed as they deal with today’s uncertain and dynamic market challenges, from supply chain challenges to capacity constraints to economic uncertainty. One way travel and hospitality companies can increase profitability is through improved forecasting, but many are still looking for tools to optimize forecasts […]

RateGain Travel Technologies Limited (NSE,BSE: RateGain) is a provider of software-as-a-service (SaaS) solutions and is one of the world’s largest processors of electronic transactions and price points for the travel and hospitality industry. It works in more than 100 countries with more than 2,200 travel and hospitality companies to help them accelerate revenue generation through […]

The concept of artificial intelligence (AI) has been around for centuries as philosophers and thinkers pondered the possibility of creating machines capable of thinking and functioning like humans. The advent of computers in the early 20th century finally placed the promise of AI within reach. However, computer scientists realized they needed enormous amounts of data […]

In my previous blog, Four Supply Chain Disruptions Retailers Must Overcome, I discussed the four disruptions that retailers must overcome to improve their supply chain intelligence and meet customers’ fulfillment demands. To recap, intelligent retail supply chains are automated to increase efficiency, speed, and adaptability to disruption. Retailers have put building intelligent supply chains at […]

To meet customers’ needs in a dynamic and fast-changing world, organizations must establish supply chain platforms that can proactively react in real time. Rapid technological development and advances in utilizing Internet of Things (IoT), artificial intelligence and machine learning (AI/ML), and cloud-based platforms can be leveraged to create scalable global platforms that capture data throughout […]

Ethical commerce and technology are essential to a company’s survival. In the retail and CPG spaces, a company’s commitment to its stakeholders is not just expected; if done well, it offers a competitive advantage. The adoption of technology makes a critical difference in whether a company thrives or simply survives. Technology can play a larger […]

Last year was unprecedented for the travel and hospitality industry and for travelers and guests, providers and suppliers, employees and stakeholders alike. As a result of the disruption, companies that relied on moving average forecasting or looked to the same period last year have found themselves at the helm of a rudderless ship. Without accurate […]

Even in normal times, demand volatility is a constant challenge for consumer packaged goods (CPG) supply chain management. But these are not normal times. The COVID-19 pandemic has upped the ante, completely disrupting supply chain planning. As unforeseen external factors trigger extreme consumer demand changes, multiple supply chain components in multiple locations are affected, and […]