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The Power of Predictive Analytics in the Supply Chain

Enterra Insights

One of the most recent tools being adopted by businesses is predictive analytics. As the introduction to an edited volume on the subject explains, “Predictive analytics is the art and science of proposed predictive systems and models. Predictive analytics plays an essential role in the digital era.

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Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. Leveraging predictive analytics is as close as business leaders will come to having a crystal ball.

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Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

That will be in 2015, after the peak of oil [supply].”. made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). 2015 is less than three weeks away, and a barrel of Brent crude oil is $65.70 2015 is less than three weeks away, and a barrel of Brent crude oil is $65.70

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Big Data, Analytics, and Industry 4.0

Enterra Insights

” Data and Advanced Analytics in Industry 4.0 Industry 4.0 Venkat Viswanathan ( @venkatlv ), Founder and Chairman of LatentView Analytics, explains, “There has been a lot of talk about the enormous potential and market opportunity for smart factories. In fact, it already is.” begins with connectivity.

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Gaining a Competitive Edge through Advanced Analytics

Enterra Insights

Gary Cokins ( @GaryCokins ), founder of Analytics-Based Performance Management LLC, asserts, “Analytics is becoming a competitive edge for organizations. Once being a ‘nice-to-have,’ applying analytics is now becoming mission-critical.”[1] Diving for pearls: Types of analytics.

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Podcast: Predictive Analytics and Digital Transformation Pioneer Knut Alicke

Requis

He is based in Germany, and, as a founding partner of the supply chain practice at McKinsey & Company , consults on a variety of supply chain-related business problems, including S&OP and advanced analytics. Today we would use demand sensing, machine learning (ML), and other tools to predict demand. Yes, that’s fair.

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Janus Should Be the God of Data

Enterra Insights

Vivek Kumar, the Content Lead at Analytics Insight , notes, “Big data analytics enables businesses to harness their data and use it to identify new opportunities, it leads to smarter business moves with efficient operations and higher ROI.”[1] Descriptive analytics : Descriptive analytics also look to the past.