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Leveraging Big Data in Logistics Into Meaningful Business Analytics

Intelligent Audit

In 2008, Dr. Raymond Panko published a paper detailing examples of human error in data entry. Far from a buzzword, big data analytics in logistics and supply chain management are helping companies gain insight into their current performance while optimizing future operations. His findings? One solution is to turn to big shipping data.

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Supply Chain Normalcy? Think Again.

Supply Chain Shaman

In March 2023, the Global Supply Chain Pressure Index fell to the lowest level since November 2008. In the survey, 48% of companies were driving digital transformation, but the only element that improved performance was descriptive analytics. ” I feel like we are riding a gondola in the middle of an intense snowstorm. The reason?

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Marketing during Crisis and Recession, Part 2

Enterra Insights

As Bradley Johnson ( @bradage ), Ad Age ‘s director of data analytics, notes, “People — consumers, business people of all stripes — are in a fog, apprehensive for their jobs, for their lives, for the future. Some experts believe there are lessons to be learned from the 2008 recession. ” Millward Brown, April 2008. [3]

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Surviving an Economic Downturn in the Retail Sector

Enterra Insights

But for anyone harking back to the last major recession in 2008, the stakes are far different this time around for consumers and retailers.”[4] ”[4] On a more positive note, Lacy points out that retailers are better equipped to deal with a downturn than they were in 2008. The reason, she explains, is digital technology.

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Digital Supply Chains and the New Normal

Enterra Insights

These efforts were widely supported by analytics tools and data science teams that adjusted forecasting and optimization models to account for unprecedented shocks. Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.” regular or same-day delivery).”

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Supply Chain Optimization for Consumer Packaged Goods Inventory

Logility

Between 1968 and 2008, the CPG industry generated the second-highest returns for shareholders of any other industry, but this 40-year trend of intense success has faltered over the last decade. Data analytics to gather insights on seasonal behaviors and demand volatility. Reductions in Profit Growth. Inventory management.

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Customer Experience and the Human Touch

Enterra Insights

Being present across all channels means having a digital presence and Tranquill insists, “Omnichannel analytics are indispensable for today’s care centers and marketing operations.” Advanced omnichannel analytics and deep listening software can help you track emotion on every channel your brand and customers use.