Remove Analytics Remove Eliminating Excel in Purchasing Remove Inventory Remove Workshop
article thumbnail

Industry 4.0 was Delayed, not Cancelled, by the Pandemic

Enterra Insights

How do you make decisions using analytics? Without the advanced analytics embedded in cognitive computing systems, those questions cannot be answered satisfactorily. .”[3] 5] Kottayil writes, “Conduct workshops using design thinking to identify problems and real opportunities. They include: 1. ” 3.

article thumbnail

Accelerate Digitisation in the Supply Chain – Leveraging a Data-driven Approach to Optimisation – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Tracking the inventory and reorder point gives organizations complete control over their stocking policies is one of the many functions that it deploys. Providing data-informed, personalized recommendations at the moment of purchase to end users increases average revenue per user and provides a more attractive offering to customers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

No Easter Bunny?

Supply Chain Shaman

Stuck at the intersection of operating margin and inventory turns, only 10% of companies are making progress. Unable to power additional year-over-year improvements at the intersection of cost and inventory, companies struggle. Or to move from predictive analytics to prescriptive/cognitive capabilities to sense/learn and act?

article thumbnail

Podcast: Rob Handfield on Suppliers, Data, Tech, and Talent

Requis

In the 1990s, purchasing managers were focusing on how to beat up their suppliers in order to buy cheaper. Years ago, I knew that information sharing and the whole supplier-purchaser relationship is one of the most important things in supply chain (I talked about it in Introduction to Supply Chain Management in 1999).

Data 52
article thumbnail

50 expert tips on logistics planning and strategy

6 River Systems

Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. Logistics personnel and supplier management pointers. Tips for improving customer experience.

article thumbnail

23 logistics professionals share the #1 way to reduce logistics costs

6 River Systems

We follow a stringent procedure to organize inventory in our warehouses. This approach tends to lead to a quicker and easier supply chain with inventory in transit for only a few days compared to a month’s inventory in an ocean container, and then another two to three weeks to clear customs. Efficient warehouse operations.

article thumbnail

100+ Tips and Ideas To Increase Sales For Your Small Business

EMERGE App

So waiting for customers to recognize and buy your products may only prove detrimental to your business despite your product or service quality. Who is most likely to purchase your product immediately? The latter will cause them not to buy your product that is intended to be an answer to their need. I know you ask.