by Thomas Willemain, Ph.D. | Aug 1, 2023
Summary Smart Software’s advanced supply chain analytics exploits multiple advanced methods. Two of the most important are “statistical bootstrapping” and “Monte Carlo simulation”. Since both involve lots of random numbers flying around, folks sometimes get confused...
by Thomas Willemain, Ph.D. | Feb 4, 2022
The Smart Forecaster Pursuing best practices in demand planning, forecasting and inventory optimization If you keep up with the news about supply chain analytics, you are more frequently encountering the phrase “probabilistic forecasting.” If this phrase is puzzling,...