Descriptive, Predictive and Prescriptive Analytics Explained

Logility

Here’s your two-minute guide to understanding and selecting the right descriptive, predictive and prescriptive analytics for use across your supply chain. Looking at all the analytic options can be a daunting task. Descriptive Analytics : Insight into the past. Analytics

9 Key Steps to Evaluating Supply Chain Analytics Software

River Logic

But before buying analytics software, it's best to take a step back and determine what's right for your organization. There are numerous vendors selling different types of supply chain analytics software, but unless you're ready for what they offer, you may be wasting your money.

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How To Implement Predictive Analytics Into Your Company

Logility

Chances are, if you’re in marketing, sales, or one of the more technical aspects of business, you’ve used predictive analytics in some part of your job. But your company doesn’t have to be a retail giant to use predictive analytics. using predictive analytics?built Analytics

9 Key Steps to Evaluating Supply Chain Analytics Software

River Logic

But before buying analytics software, it's best to take a step back and determine what's right for your organization. There are numerous vendors selling different types of supply chain analytics software, but unless you're ready for what they offer, you may be wasting your money.

Mission Critical: Leveraging Learning Engineering to Drive Digital Transformation

Speaker: Trish Uhl, Founder of Owl's Ledge LLC and the Talent & Learning Analytics Leadership Forum

Digital is disrupting every part of an organization's value chain at a record pace, creating a critical need to transform operations and employees' ways of working. Formal training alone can't keep up; it's often too slow, too generic, inconvenient, inefficient, unduly expensive and lacks or lags methods for measuring business-related effectiveness. Trish Uhl show you how to start leveraging Learning Engineering, a multidisciplinary approach that combines modern technology, data analytics, decision science, learning sciences and change management with human-centered engineering design methodologies to ultimately deliver targeted learning outcomes and business results that keep pace with the business and merge learning into the flow of work and lead Digital Adoption.

Platform or a Collection of Tools: Which One Do You Prefer for your Digital Transformation Efforts?

Solvoyo

The blender and the oven comprise a collection of tools that includes exchangeable tips and settings that can be used for different cooking endeavors. The difference between a Platform and a collection of Tools is the great recipe book and the right oven settings in our cookie analogy.

What Are the Characteristics of the Best Shipping Analytics Tools on the Market?

Intelligent Audit

However, not all shipping analytics tools are created equally. As technology advances, companies must consider multiple potential features, platforms, and companies when choosing and applying shipping analytics capabilities across modes, multi-site locations, and more.

Supply Chain Inventory Optimization – Beyond the Analytics

GlobalTranz

It is easy to make analytics the cornerstone of warehouse and distribution center management. While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. Siloed data and disparate systems skew analytics results. Your systems need unification and must use data as a whole.

How Do We Stop Buying Planning Software the Wrong Way?

Supply Chain Shaman

The Process of Software Selection. I am constantly amazed that business leaders can engage with technologists month after month (often over eight and sometimes over a year) to select a supply chain planning system and then call me to ask for help on the decision.

Big Data, Analytics, and Industry 4.0

Enterra Insights

The BCG analysts explain, “Today, another workforce transformation is on the horizon as manufacturing experiences a fourth wave of technological advancement: the rise of new digital industrial technologies that are collectively known as Industry 4.0.”

Drone Automation for Warehouse 4.0

The digital transformation of warehouses – driven by safety, cost and time benefits – is underway across the world. Technologies such as IoT, AI,and drones are augmenting the business value created by adoption of RFID, robots and real-time analytics. UAVs

Why Leaders Are Migrating On-Premise Supply Chain Technology Systems to the Cloud

Turvo

To meet the consumer demands in today’s increasingly evolving logistics world, many businesses are beginning to implement supply chain technology systems successfully. By integrating this technology, companies can gain higher company profit margins , all while boosting efficiency.

Advanced Analytics Are Everywhere!

Logility

Today it seems like you can buy just about any type of device that supports analytics including: Toothbrushes that analyzes your brushing habits and alerts you to ways to maximize brushing through your smart phone; Wristwatches that tracks your every motion and provides performance metrics to help you meet your health and fitness goals; Refrigerators that monitor product usage and recommend when to buy milk or suggests new products based on actual consumption data; and. Analytics

Prescriptive Analytics is Going Mainstream. Is your Organization Ready?

AIMMS

To do this, many are relying on prescriptive analytics. According to Gartner, 11% of mid and large-sized enterprises currently have some form of prescriptive analytics. AIMMS has been in the market of prescriptive analytics (otherwise known as mathematical optimization) since 1989. Let’s explore what’s changed in the last three decades and what your organization should consider when driving prescriptive analytics adoption. .

Data Analytics for Your CPG Company

SupplyPike

Learn about: Understanding CPG data analytics The differences among observational data, activity data, and sales data Data analytics solutions for CPGs. A data-directed business makes the best use of its CPG data analytics to set up a sequence of continuous progress in the domain.

How Data Science and Modeling Can Supercharge Your Risk Management

Speaker: Dr. Ken Fordyce, Solutions Director, Supply Chain and Advanced Analytics at Arkieva

COVID-19 has put risk management at the front and center in the supply chain world. Join this incredible webinar with Dr. Ken Fordyce, Solutions Director, Supply Chain, and Advanced Analytics at Arkieva, and learn about the ongoing challenge of implementing rapid intelligent response (RIR) to improve organizational performance with better decisions.

Driving Supply Chain Analytics User Adoption with Cross-Departmental Metrics

Logility

User adoption is a challenge that often arises during the rollout of supply chain analytics solutions. A lot of IT departments traditionally charged with rolling out supply chain analytics tools run into the same challenges, such as: How do we train users on this new application?

The Science and Practical Application of Predictive Analytics

Logility

The science and practice of predictive analytics is well established and rapidly gaining ground in the public and private sectors. Take a moment to read our extremely popular post on selecting the right descriptive, predictive, and prescriptive analytics here. Descriptive Analytics.

Predictive Analytics becoming a Mainstream Business Tool

Enterra Insights

Predictive analytics is a topic you are likely to hear a lot more about in the years ahead. Predictive analytics … Continued. The post Predictive Analytics becoming a Mainstream Business Tool appeared first on Enterra Solutions. Best Practices Big Data Business digital enterprise Digital Path to Purchase Supply Chain Technology

Best Practices on How to Implement Supply Chain Management Systems

Turvo

Some of the best practices on how to implement supply chain management systems include avoiding too many systems, keeping an eye on competitors, and creating clear expectations. Avoid Heavily Customized Systems That Incur Long-Term High TCO.

CIO: Here's Why Analytics is Eating the Supply Chain

Life science companies are adopting innovative cloud technology to provide a single source of truth for end-to-end supply chain decision-making

The Secret to Rapid Digitisation: A Dual Platform Strategy

The Logistics & Supply Chain Management Society

One of the industry’s biggest concerns is how to digitise and transform quickly, without starting from scratch and having to throw away your enormous investment in traditional systems. Eliminate the huge costs associated with maintaining and upgrading legacy systems.

Where’s the Value in Supply Chain Analytics?

Logility

When developing an ROI for supply chain analytics, we promote: Cost reduction. Timely analytics. These are just some of the many areas that derive increased value from supply chain analytics. Use analytics to take back control of your supply chain during disruptions!

Using Procurement Analytics to Simplify Your Supplier Reconciliation

Logility

However, with a simple software-based supplier reconciliation process using procurement analytics in place, an organization can automate this cumbersome process to save hundreds to thousands of man hours every year. Tracking results in the system to improve overall supplier processes.

Augmented Analytics – How Alexa Became a Production Planner

QAD

Does Jim realize that the amazing Artificial Intelligence (AI) technology underpinning Alexa is about to fundamentally change his work environment? And does he know that he is entering the era of Augmented Analytics? What is Augmented Analytics? A Roadmap for Augmented Analytics.

Big Data Analytics to Improve Supply Chain Resilience

GlobalTranz

And, investment statistics reveal an increasing trend for more technology to enable multi-modal shipping and the application of big data analytics to increase scalability, flexibility, and demand-driven management decisions.

Improving Your Supply Chain with Analytics and Collaboration

Logility

Logility’s digital supply chain platform with analytics offered the solution. Check out other Logility advanced analytics customer stories: Tri-Eagle Sales Uses Analytics to Improve Visibility into Its Growing Business. Analytics Collaboration

Advanced Analytics Are Everywhere!

Logility

Today it seems like you can buy just about any type of device that supports analytics including; Toothbrushes that analyzes your brushing habits and alerts you to ways to maximize brushing through your smart phone; Wristwatches that tracks your every motion and provides performance metrics to help you meet your health and fitness goals; Refrigerators that monitor product usage and recommend when to buy milk or suggests new products based on actual consumption data; and.

Key Tools and Technologies to Build the Warehouse of the Future

DELMIA Quintiq

The Warehouse of the Future is likely to become the norm in the coming years and will be driven by technologies such as: IIoT and real-time data Internet of Things (IoT), is an ecosystem of sensors (e.g.,

The 6 Top Supply Chain Trends to Make Supply Chain Managers the Hero of Their Company

C3 Solutions

Industry gatekeepers like supply chain managers hold much of the logistical power, but with power comes responsibility - they’re usually the first to receive blows from upper management and customers when things go awry.

A Framework for Supply Chain Leaders to Understand Supply Chain Analytics

Supply Chain Shaman

A strained request from a marketing director for a software company ensued, “You did not list us in your analytics report, and we want to know why.” Had I been clear in the taxonomy of the recent supply chain analytics report?” In the 1990s when I was part of the software team at Manugistics, supply chain analytics was a synonym for reporting. Today, when you say the term analytics, the thought in many supply chain leaders is still “reporting.”

Logility Wins IDC’s SaaS CSAT Award for Supply Chain Management Customer Satisfaction

Logility

automating the digital transformation of supply chain optimization and advanced retail planning, is honored to be a winner of IDC’s 2020 SaaS CSAT Award for Supply Chain Management for Customer Satisfaction. Logility is a wholly owned subsidiary of American Software, Inc.

Clouds are Gathering for an Open Platform for Supply Chain

ToolsGroup

That’s why I believe that during this decade we’re heading for a new era in which open, multi-enterprise, cloud platforms will provide the required End-to-End supply chain integration–planned, optimized and collaborated to serve customer demand. .

An Interview on Data sharing for Machine Learning and AI – Procurement Analytics with Dave Food

HICX Solutions

Dave is Strategy Director at Prophetic Technology and Principal Lecturer at WMG, University of Warwick. His expertise is wide-ranging, from supply chain logistics, procurement analytics, and marketing through to innovation. Procurement analytics, 3D printing and beyond.

It is about time that we leveraged supply chain analytics

Solvoyo

Are you using spreadsheets as a supply chain planning tool to collect and manage your data and perform analysis? Here are 5 reasons why spreadsheets are not the best alternative as a supply chain planning tool anymore : 1) Lack of end-to-end visibility to the overall supply chain.

From Advanced Analytics Laggard to Leader

Logility

Logility in collaboration with Peerless Research released the report, The Keys to Creating and Leveraging Actionable Information , which highlighted feedback from executives on the opportunities, challenges and use of advanced analytics across their supply chain. As a result, an interesting statistic surfaced: “Only 22% of companies have implemented an advanced analytics initiative to help them achieve their supply chain and customer service goals.”. Analytics