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Seeing the Future with Predictive Analytics

Enterra Insights

Today, in addition to those activities, new analytical tools are available to help business leaders predict what could happen in the future. ” Types of analytics. Predictive analytics — the type of analytics to which Petro refers — are one of four types of analytics now available to enterprises.

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Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Innovation and supplier management calls for cloud-based integrated systems between partners and advanced predictive models. Predictive analytics will quicken demand response and involve product-use insights to improve accuracy against external factors affecting demand (e.g. This boosts revenues and optimises inventory.

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Customer-Centricity in the Grocery Business

Enterra Insights

Boston Consulting Group (BCG) analysts, Gavin Parker, Thomas Jensen, Pascale Morillon, Bill Urda, and Stephanie Halgren, write, “For grocery retailers, customer-­centricity is a bit like personal virtue: everyone agrees that it’s a good thing, and no one can possibly argue against it, but actually achieving it is a challenge.”[1]

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Digital Transformation Helps with Corporate Alignment

Enterra Insights

There is no consolidated system for accessing all the information related to business operations, which can lead to erroneous reporting and missed opportunities.” For example, manufacturing may be tasked to fill all orders which requires having inventory on-hand in distribution centers. ” Fostering enterprise alignment.

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Supply Chain 4.0: The Supply Chain of the Future

Enterra Insights

Jennifer Overstreet, Director of Digital Content at the National Retail Federation, reports Li & Fung, CEO Spencer Fung, told participants at a 2018 NRF conference, “The supply chain will become faster, digital and more innovative. Predictive Analytics. Move now, or get left behind. Cloud Computing. Blockchain.

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Seasonal Inventory and 7 Ways to Manage It Effectively

ToolsGroup

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

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Is Technology Killing Supply Chain Management?

Enterra Insights

.” Some pundits find it ironic that even as companies are searching desperately for people to fill supply chain positions other pundits are predicting the demise of humans in the supply chain. Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”.