Plex Systems has announced new machine learning capabilities for Plex DemandCaster Supply Chain Planning (SCP).
“The days of steady and dependable supply chains that enable long-term lean and just-in-time replenishment to manage costs are behind us. Businesses now understand that planning and forecasting must include the assumption of disruption and rely on data to navigate this new normal,” commented Ara Surenian, Vice President, Product Management at Plex Systems. “Adding machine learning to Plex DemandCaster Supply Chain Planning empowers customers to overcome supply planning challenges and digitally transform their planning. By infusing the sales forecasting process with machine learning, customers can bring in a wealth of additional data as an input to the forecasting process that a human nor traditional statistical forecasting methods can discern. These additional inputs are used to help calculate and recalibrate the process to improve forecast accuracy.”