Aimpoint - NextGen Demand Planning and Optimization
Common Sense Virtual Roundtable:

NextGen
Demand Planning
and Optimization

November 2nd, Successfully held

Presented by

Aimpoint digital

Here’s what we discussed:

How are you confronting the shortcomings of legacy demand forecasting methods in 2020? The pandemic and resulting economic disruption have amplified the problems associated with commonly used techniques. We discussed how AI-powered demand planning tools that produce predictive and prescriptive insights can help upgrade demand planning capabilities.

Moderated by 

William Miller
CEO at Aimpoint Digital
LinkedIn
Aaron McClendon
Senior Data Scientist at Aimpoint Digital
LinkedIn

Here is what we learned:

How are you confronting the shortcomings of legacy demand forecasting methods in 2020?
During this virtual roundtable moderated by Aimpoint Digital, panelists discussed how the pandemic and resulting economic disruption have amplified the problems associated with commonly used techniques

The use of Excel spreadsheets is still common among planners. While AI-powered demand planning tools that produce predictive and prescriptive insights can help upgrade demand planning capabilities, manual planning is still a valuable backup during uncertain times.

COVID-19 threw the supply chain into disarray. The pandemic brought out 3 types customer streams: pantry-loaders, real demand, and artificial demand. Demand for certain products was through the roof, and suppliers said their existing systems were not strong enough to prepare for that demand.

When the COVID-19 shutdown began, some suppliers stopped production and ran down inventory with what we had. Instead of forecasting, they were upfront with customers about what they were able to produce going forward. They managed supply based on historical trends and tried to keep customers in line with what was fair.

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About Aimpoint Digital:

Aimpoint Digital is an advanced data analytics consultancy company. At their core they work with data to transform them into actionable information to the business users that need them the most. Aimpoint Digital is made up of the very best data scientists, data engineers, management consultants and industry experts who work together to accelerate clients’ strategic vision through data and analytics.

Participation in the Virtual Roundtable is free of charge to qualified attendees. Once you’ve completed the registration, we’ll confirm your invitation and send you a calendar invite with a link to the meeting.

If you don’t qualify, we’ll suggest other learning events that may be a better fit for you.

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