The Impact of Artificial Intelligence and Machine Learning on Demand Forecasting in Supply Chains
Demand forecasting lies at the heart of supply chain management, a process crucial for balancing supply and demand, optimizing production, and minimizing costs. With the rise of artificial intelligence (AI) and machine learning (ML), traditional forecasting methodologies have undergone a revolutionary transformation, making predictions more accurate and efficient. This article explores the profound impact of AI and ML on demand forecasting, highlighting both the theoretical underpinning and practical applications of these cutting-edge technologies.
