article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Warehousing News Roundup: April 22, 2019

Stord

The use of predictive analytics in supply chain operations rose by 76% from 2017 to 2019 , according to survey data. This number will likely increase going forward – 57% said they aren’t using predictive analytics now, but plan to in the future.

article thumbnail

Supply Chain Analytics: What It Is and Why It Matters

QAD

What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. With supply chain management analytics software, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems.

article thumbnail

50 warehouse automation stats you should know

6 River Systems

Warehouse automation stats show that automation is making a big impact on warehouses and distribution centers. As technology awareness grows, more warehouses and DCs turn to automation to adapt to the changing landscape. The number of private warehouses is growing. Warehouses are increasing in size, as well.

article thumbnail

Supply Chain Innovation: The Latest Gartner Supply Chain Predictions

ToolsGroup

This is a compilation of predictions and recommendations from various presentations. Business technology spend is moving outside IT – In the keynote presentation, Gartner analyst Mike Burkett said that 38% of business technology spending is now outside IT, which Gartner sees climbing to 50+% in 2017. Supply chain/network redesign.

Gartner 120
article thumbnail

How Can Manufacturers Manage Disruption and Improve Productivity?

Logility

By using advanced analytics for manufacturing, to understand the valuable information concealed within the data they already have! Advanced analytics for manufacturing is a good place to start. Here are some common advanced analytics use cases for manufacturers. How can manufacturers manage disruption and improve productivity?