3 Must-have Inventory Planning Software Features

Every supply chain planner’s goal is to provide the highest degree of customer service while reducing inventory in the supply chain network. High customer service translates to more business for the organization, and low inventory costs mean increased working capital. Supply chain planners may struggle to balance both, but good inventory planning software would help

Part 3: How Natural Language Processing (NLP) Can Benefit the Supply Chain – Internal Structured Data

This blog discusses how utilizing a semantic parsing method can help a less experienced user transform their data questions into advanced database queries, and how it can help detect errors in datasets.

Part 2: How Natural Language Processing (NLP) Can Benefit the Supply Chain – Internal Unstructured Data

We know how to deal with structured data but working with unstructured data might be a bit more time consuming and challenging. There are multiple solutions that NLP offers to transform your unstructured enterprise data to structured data.

Relationship Between MAD and Standard Deviation for a Normally Distributed Random Variable

A colleague and I were talking recently, and the conversation turned to what is the relationship between Mean Absolute Deviation (MAD) and the Standard Deviation (STDEV). In this post, I will explain to you the math behind that approximation, which by the way, only applies to normal distributions.

By |2021-04-20T14:10:47-04:00July 27th, 2020|Data Analysis, Supply Chain|0 Comments

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