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Multi-echelon Inventory Optimization vs Inventory Optimization

ToolsGroup

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.

Modeling 270
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Welcome 2019

Supply Chain Shaman

Companies cannot save their way to supply chain excellence with cost-cutting and inventory management — customer back capabilities. In 2019, here are seven trends that I will be tracking: The Horizon? The Battle For Analytics Is Waging. Descriptive analytics is mainstream. The ERP Battle Is Over. Will We Ever See Value?

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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. ”[2].

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Don’t risk falling behind: 3 things you can do to start mastering analytics

AIMMS

In today’s business environment, you can’t remain competitive without mastering analytics. S till, most companies are “not very far” when it comes to implementing analytics and garnering benefits from data, as a recent survey from CSCMP suggests. Not enough managers are fluent in the language of analytics.

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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. ”[4].

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Predictive Analytics and Future Supply Chains

Enterra Insights

That’s why spending on supply chain advanced analytics is on the rise. Analysts from River Logic write, “The importance of supply chain analytics is demonstrated by predictions that the market will grow at a CAGR of 17.3% between 2019 to 2024, more than doubling in size. Business has always been a numbers game.

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What’s Your Forecast Accuracy Target for 2019?

ToolsGroup

Many companies have already started their 2019 planning and budgeting cycles, so if you are in charge of demand forecasting for your company, it’s about time to thinking about your organization's 2019 goals. Inventory and CapEx required to support desired service levels. Third, what needs to change?