article thumbnail

Give Analytics A Chance

Supply Chain Shaman

Container inventory is imbalanced. We cannot change things overnight, but there are some steps that we can take through the use of advanced analytics. Fourteen of twenty-eight industries have rising inventories. Invest in analytics to sense and translate demand. Containers wait at each ship node for the chassis.

article thumbnail

Give Analytics A Chance

Supply Chain Shaman

Container inventory is imbalanced. We cannot change things overnight, but there are some steps that we can take through the use of advanced analytics. Fourteen of twenty-eight industries have rising inventories. Invest in analytics to sense and translate demand. Containers wait at each ship node for the chassis.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Data Analytics: The Secret Ingredient to Efficient Inventory Management

RFgen

Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. That’s why most inventory handlers leverage data. The role of data analytics in optimizing inventory management processes has become increasingly important. Enter automated data collection.

article thumbnail

Your Guide to Understanding & Minimizing Inventory Costs (with Formula)

RFgen

Managing inventory costs is a constant struggle. Managing inventory costs is important because high inventory costs can erode the bottom line. On the other hand, optimized inventory levels can enhance it. On the other hand, optimized inventory levels can enhance it. Next is the cost of storing the inventory.

article thumbnail

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.

article thumbnail

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].

article thumbnail

Navigating the Future: How Advanced Supply Chain Analytics is Transforming the Industry

ThroughPut

is advanced supply chain analytics. Advanced supply chain analytics is turning the current uncertainty into strategic foresight. In this blog, we’ll delve deeper into the potential of advanced supply chain analytics and understand why it is the need of the hour.