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

Reverse Logistics Analytics: How to See Past Customer Delivery

GlobalTranz

The application of analytics offers opportunities to increase supply chain value, and in today’s world, few applications of analytics carry the weight placed on reverse logistics analytics. Data Reverse Logistics reverse logistics analytics

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Understanding the Role of Analytics in Reverse Logistics

GlobalTranz

Analytics can be used to improve operations throughout the entire supply chain, but the role of analytics is often applied to warehouse operations and forward logistics. However, reverse logistics can benefit from analytics as well.read 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. Analytics Integrate Inventory Management Into All Supply Chain Processes.

5 Steps to a Smart Supply Chain

times more likely to take advantage of analytics. Industry leaders are 3.5 This drive toward intelligent business is redefining how organisations need to operate if they hope to be successful

How Supply Chain Analytics Empower Digital Transformation

GlobalTranz

The result is improved customer service, but the real implications of supply chain analytics go much further. The proper use of supply chain analytics is crucial to digital.read More. The post How Supply Chain Analytics Empower Digital Transformation appeared first on Transportation Management Company | Cerasis. Data Supply Chain supply chain analytics

What Omnichannel Supply Chain Analytics Should I Know?

GlobalTranz

Omnichannel supply chain analytics provide the level of insight needed to succeed in the omnichannel-driven world. Supply chain leaders need to understand the challenges of applying omnichannel analytics, how.read More. The post What Omnichannel Supply Chain Analytics Should I Know?

Modern Supply Chain Analytics: Are You Keeping Up?

River Logic

According to Supply Chain Digital Magazine, many manufacturers are falling behind with more than two-thirds of them being unable to provide data-driven analytical information to support their business decisions.

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.

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.

Prescriptive Analytics: A Conversation with Joe Bellini

The Network Effect

The post Prescriptive Analytics: A Conversation with Joe Bellini appeared first on The Network Effect. Analytics Artificial Intelligence (AI) Multiparty Network Network Business Supply Chain Control Towers Supply Chain Management autonomous supply chain machine learning prescriptive analytic

Prescriptive Analytics: 22 Things the Experts Are Saying About Analytics’ Rising Star

River Logic

Prescriptive Analytics Supply Chain Optimization Integrated Business Planning predictive analytics

Supply Chain Predictive Analytics: What Is It and Who's Doing It?

River Logic

Predictive analytics techniques allow organizations to identify patterns and trends hidden in their data to understand market trends, identify demand and establish appropriate pricing strategies. predictive analytics Supply chain analytics

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.

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. .

5 Must-Know Applications for Prescriptive Analytics in Supply Chain

River Logic

Capacity Planning Supply Chain Excellence Supply Chain Optimization supply chain modeling Supply chain analytics Supply Chain Planning

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.

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

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

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.

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.

Bigging up data analytics…

IT Supply Chain

The post Bigging up data analytics… appeared first on IT Supply Chain. By Tony Dobson (pictured). SnapFulfil CEO. Industry Talk

The 4 Stages of Supply Chain Analytics

Using Analytics to Manage Last Mile Delivery Costs

Intelligent Audit

Many innovative advancements have occurred in the past few years within the transportation network , including a focus on last mile delivery costs and shipping rate management through analytics. Analytics Enables Ongoing Optimization and Improvement of Operations.

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. Analytics

How Supply Chain Analytics Jobs Are Changing in the Digital Era

River Logic

Supply Chain Supply chain analytics Supply Chain Talent Supply Chain Analytics JobsWhile the term algorithm implies complexity, this isn't necessarily the case, as an algorithm is simply a set of rules used to solve a problem.

Leading Advertising and Analytics Company Outperforms With a Graph Database

Xandr, a division of AT&T, has built an identity graph that connects information on people, households, and more. The company is using this graph to provide advertisers an ability to deliver commercials more successfully than ever before. Learn more.

Warehouse Management Analytics: What You Need to Know

GlobalTranz

The right application of warehouse management analytics can enable significant growth for companies, forced to focus on smaller package sizes, not the pallets and.read More. The post Warehouse Management Analytics: What You Need to Know appeared first on Transportation Management Company | Cerasis. The rise of e-commerce was a significant change for supply chain managers and leaders.

The Biggest Problem with Supply Chain Analytics, and How You Can Fix It

River Logic

Supply Optimization Advanced Analytics Supply Chain Excellence Supply Chain Optimization Supply chain analytics

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.

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