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Should we deploy AI/ML in the Demand Sensing engine of Supply Chains?
Most leading CPG companies have started using Demand Sensing for deployment of finished goods across their network, even though they are still using conventional time series tools for Demand Forecasting.
These leading companies are still debating whether to deploy AI/ML based algorithms for the Demand Sensing engine. We need a framework to decide when to deploy these advanced technologies to extract significant benefits for the company.
In my opinion, the following 5 pre-requisites should be in place to leverage AI/ML in Demand Sensing.
If the above pre-requisites are in place, we should go ahead and use AI/ML in Demand Sensing. Else work on putting these in place first by modifying the supply chain processes.