Confidence Intervals

Confidence Intervals

What are the confidence intervals? In statistics, it is almost always impossible to deal with the entire population as a whole. When I say population, I mean considering each and every possible value of a variable under consideration - be it sales of a commodity or the number of...

Inventory rebalancing - Part 1

Inventory rebalancing - Part 1

Introduction Any retail chain organisation, operating multiple stores across multiple states and cities, and sometimes in multiple countries, has to optimise its supply...

Product recommendations using HRNN

Product recommendations using HRNN

E-commerce websites are a common goto destination for us and thus we all are very well aware of the importance of recommendations provided by...

5 Things To Know About AI In Supply Chain Optimization

5 Things To Know About AI In Supply Chain Optimization

Artificial Intelligence (AI), defined by Gartner as a technology that “applies advanced analysis and logic-based techniques, including machine learning (ML), to interpret events, support...

Are you ready for the artificial intelligence supply chain model and its impact on sales?

Are you ready for the artificial intelligence supply chain model and its impact on sales?

Modern industrial sales and supply chains are complex. The amount of a product or service that a company can sell or produce over a...

Why you need demand forecasting solutions using machine learning?

Why you need demand forecasting solutions using machine learning?

A Gartner survey indicates that demand volatility is the top pain point for business executives - irrespective of the industry they are in....