Episode 71: The potential of demand forecasting with artificial intelligence

In the most recent instalment of Freight to the Point, Lucie Phillips, Zencargo's Chief Operations Officer, engages in a discussion with Nicolas Vandeput, the CEO and Founder of SupChains, a company which specialises in demand forecasting and inventory optimisation. In this conversation, they delve into the significance of demand forecasting in supply chains and the potential it holds when combined with technology and machine learning.

They explore:

• The starting steps for any company who is looking at demand forecasting
• The KPIs that need to be put in place when it comes to forecasting
• What role technology will play in evolving demand forecasting.

Nicolas Vandeput

Nicolas Vandeput is a supply chain data scientist specialising in demand forecasting and inventory optimisation. He founded his consultancy company, SupChains, in 2016; and SKU Science, an online platform for supply chain forecasting, in 2018. He enjoys discussing new models and how to apply them to business reality. Passionate about education, Nicolas is both an avid learner and teaches at universities. Since 2020, he has been teaching demand forecasting and inventory optimization to master students in CentraleSupelec, Paris, France. He published three books: Data Science for Supply Chain Forecasting in 2018 (second edition in 2021), Inventory Optimization: Models and Simulations in 2020, and Demand Forecasting Best Practices in 2023.

Resources

Episode 47: How should businesses approach inventory management?

De-risking inventory in an uncertain market