How Machine Learning Will Transform Supply Chain Management

We developed OML after decades of researching supply chain management and implementing our resulting ideas at companies in a range of industries: semiconductor equipment manufacturing, aerospace and defense, telecommunications, and computing. In this article we explain why existing supply-chain-planning methods, including other machine-learning techniques, have failed, how our approach works, and what changes in planning teams and metrics are needed to implement it. We highlight our experiences putting OML to the test at two Fortune 500 companies where we served as consultants—and where the results demonstrate the potential to increase revenue and product availability with significantly lower investments in inventory.