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

6 Supply Chain Analytics Examples to Keep You Competitive

River Logic

To illustrate the point, a recent paper from Ventana Research on supply chain planning revealed issues that companies using spreadsheet planning have experienced, including: Prescriptive Analytics Supply Chain Advanced Analytics predictive analytics Supply chain analytics Supply Chain Planning supply chain analytics examples

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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.

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.

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

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

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.

Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

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.

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?

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

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

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

River Logic

Prescriptive Analytics Supply Chain Optimization Integrated Business Planning predictive analytics

Navigate Shipping Landscape with Proactive Analytics

Talking Logistics

Relying on proactive rather than reactive analytics, and the ability to make specific actionable callouts from these data sets, will be key to navigating the ever-changing shipping landscape both now and in the future. Enter proactive analytics.

Big Data Analytics to Improve Supply Chain Resilience

Cerasis

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.

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

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

Advanced Analytics Are Everywhere!

Logility

Analytics are literally everywhere. Open any supply chain periodical, blog, or report and chances there is a discussion around the importance of analytics. The following is a quick checklist of capabilities you should look for to support your advanced analytics initiative.

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

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.

Warehouse Management Analytics: What You Need to Know

Cerasis

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 rise of e-commerce was a significant change for supply chain managers and leaders.

The 4 Stages of Supply Chain Analytics

Consumable Analytics

Vanguard Software

Advanced analytics paired with a user interface designed for decision-making ensures usable, actionable insights are brought to the forefront of planning discussions.

Advanced Analytics Are Everywhere!

Logility

Analytics are literally everywhere. Open any supply chain periodical, blog, or report and chances there is a discussion around the importance of analytics. The following is a quick checklist of capabilities you should look for to support your advanced analytics initiative.

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. Analytics

What Do Top Supply Chain Companies Know About Analytics?

River Logic

We take a look at several reports on leading supply chain companies, specifically with the filter of advanced analytics, to highlight the answers. Integrated Business Planning Gartner Supply Chain Advanced Analytics IBP

Prove ROI and Make the Business Case for Industrial Content Marketing

Speaker: Achinta Mitra, Founder and President, Tiecas Inc.

It's the plight of an industrial marketer: over the course of a 12-18 month long buying cycle, you make contact with a whole host of influencers who read your content, who may or may not actually work in purchasing. By the time the RFQ comes in, the original project might be completely different. and your initial point of contact may be long gone! Meanwhile, the purchase somehow takes place, and Sales claims all the glory. How is a marketer supposed to make the business case for better content marketing? Join Achinta Mitra, Founder and President of Tiecas, Inc, as he explains how, despite the long, grueling buying cycle, you can prove the ROI of your content marketing. and win (or keep!) buy-in from your higher-ups.

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?” Types of Analytics.

The Growing Importance of Utilizing Analytics in the Supply Chain

Cerasis

Supply Chain executives can no longer dismiss the importance of using analytics in the supply chain. The post The Growing Importance of Utilizing Analytics in the Supply Chain appeared first on Transportation Management Company | Cerasis.

Using Data and Predictive Analytics to Drive Labor Management Solutions in the Warehouse

Talking Logistics

Data intelligence and predictive analytics are key terms in supply chain management today, but how do you harness these new technologies to deliver business value, especially in labor management?

2018 Year in Review: The Evolution of Types of Analytics

River Logic

Our year in review on the types of analytics and how they have evolved in the market brings to mind the classic song, Let’s Call the Whole Thing Off. Advanced Analytics Prescriptive Analytics

Parts Town: An O2C Journey from Manual Processing to Digital Transformation

Speaker: Sarah Gibson, Platinum Operations Manager

The order-to-cash (O2C) process is often considered the lifeblood of an organization. It’s why so many business leaders are looking to next generation of O2C solutions to unlock value across their enterprise — value that’s necessary to remain competitive. Join us for an educational webinar with guest speaker, Sarah Gibson of Parts Town, as she takes attendees through her company’s digital transformation journey.

Advanced Analytics versus Artificial Intelligence

ToolsGroup

Advanced Analytics is broader than Artificial Intelligence. As shown in the chart above, there are three types of advanced analytics technologies. The more basic, and most widely used, is predictive analytics which employs technologies such as statistical modeling and simulation.

What Exactly Is Augmented Analytics?

Prophetic Technology

Augmented Analytics is the forthcoming disruption of Data and Analytics marketplace. It’s an approach that automates insights using Machine Learning ( ML ) or similar technologies, changing how Analytics content is improved, used and shared through your enterprise.

Gartner’s Five-Stage Maturity Model for Supply Chain Analytics

ToolsGroup

Gartner measures supply chain analytics maturity across seven different dimensions. There are supply chain and demand analytics models that describe the type of analytics being deployed (e.g., Excel spreadsheets dominate, providing limited analytics.

What is Predictive Analytics and How is it Used in Supply Chain Operations?

Kuebix

You may be familiar with the term predictive analytics – but have you ever stopped to ask yourself what it really means for your supply chain? Analytics help companies streamline process efficiencies and make sure important trends aren’t overlooked.

New Ventana Research on Supply Chain Planning and Prescriptive Analytics

River Logic

River Logic recently sponsored a new piece of Ventana Research entitled "Supply Chain Planning with Prescriptive Analytics: Technology Enables a More Effective Process.". Prescriptive Analytics Market Research