New ARC Advisory Group research on the Supply Chain Planning systems market reveals that there is great potential to be able to use machine learning for price optimization. Arguably, this would be a supply chain solution because it would become part of a demand shaping strategy. Applying machine learning to traditional demand planning is the base level that suppliers need. More advanced is the ability to apply AI and machine learning to downstream data and social media. This greatly improves short-term forecasting.
“Machine learning is very widely used to improve demand planning. Many suppliers have mentioned investments in machine learning to improve supply planning. A few suppliers are working to use machine learning to provide prescriptive advice to planners on how to resolve supply chain disruptions,” according to Steve Banker, Vice President, Supply Chain Services at ARC Advisory Group and key author of ARC’s Supply Chain Planning Systems Global Market Research report.
About the Supply Chain Planning Systems Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the supply chain planning systems market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, service revenue type, application category, and customer tier.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes five years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.