Gazelle Information Technologies

Gazelle Supply Chain Consultant

Demand Sensing

Transformation Spectrum

Technology used:

  • Trend analysis
  • Seasonal demand analysis

Process followed:

  • Expert opinion
  • Time series techniques
  • Analyzing historical data

 

  • Technology used:

    • ERP softwares
    • Demand Planning softwares

    Process followed:

     

    • Analysing of daily sell-in/ship-to supply chain method
    • Demand management
    • Order management

Technology to be used:

  • AI-powered demand sensing technology
  • Machine learning algorithms

Process to be followed:

  • Using internal and external data source
  • Demand planning

The future of Demand Sensing in Supply Chain w.r.t to Technologies and Processes

Demand sensing is the solution for advanced technology such as AI (Artificial Intelligence), and machine learning to know what is happening in your supply chain.

The goal of Demand Sensing

  • The goal of demand sensing is to help planners to make short-term decisions.
  • With the traditional time series, the main goal is to reduce the total time.

How does demand sensing help in the supply chain?

  • Demand sensing uses technology that takes a huge amount of data and recognizes patterns, so the supply chain can make an accurate decision.
  • Demand sensing has been adopted by some supply chains for the need for new solutions for advanced inventory planning.
  • Demand sensing software is a set of forecasting models that can complement traditional forecasting to create a broader framework.

How technology is going to change the supply chain in the Future?

  • Industry 4.0 technology will play a valuable role in the creation of a smarter, better supply chain network.
  • It will offer greater supply chain transparency, real-time tracking, better forecasting, etc.

Future of demand sensing in the supply chain to process

  • Demand sensing automates the process of new technology, it refers to the use of mathematical and real-time data to calculate forecasts with greater accuracy.
  • These forecasts apply to purchase and procurement so the warehouse can restock and reorder to meet consumer demand.

Future of technology used fordemand in the supply chain for technology 

  • Supply chains are being transformed globally by the development of a more digitalized environment.
  • Supply Chain will play a valuable role in the creation of a smarter, better-connected supply chain network.
  • It will help you to support statistical information to support business and other related things.

Future Technology for Supply chain

  • Big Data Analytics (BDA)
  • Internet of things (IoT)
  • Smart Sensor (SS)
  • Machine Learning (ML)
  • Artificial Intelligence (AI)

These technologies are going to bring some positive benefits and they will more focus on service.