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The Three Types of Supply Chain Analytics

The Smart Software

In this video blog, we explore the critical roles of Descriptive, Predictive, and Prescriptive Analytics in inventory management, highlighting their essential contributions to driving supply chain optimization through strategic foresight and insightful data analysis.

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Warning Signs that You Have a Supply Chain Analytics Gap

The Smart Software

This post is about organizing your attention toward possible gaps in your company’s supply chain analytics. The post Warning Signs that You Have a Supply Chain Analytics Gap appeared first on Smart Software. The difference between paranoia and justified concern is converting fear into facts.

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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?

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Using Analytics to Measure S&OP Effectiveness

Silvon Software

This KPI is useful in determining if machinery is performing up to standards, or if a facility or production line is falling behind another in terms of output so stakeholders can work with the production team to find and eliminate the cause.If Order cycle times can also be affected by seasonal fluctuations and changes in customer demand.

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How to Package and Price Embedded Analytics

Just by embedding analytics, application owners can charge 24% more for their product. Brought to you by Logi Analytics. How much value could you add? This framework explains how application enhancements can extend your product offerings.

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9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

GlobalTranz

This is the first post in an ongoing series on effective KPI management from third party logistics consultant, Chuck Intrieri, of The Lean Supply Chain. . How does an SLA work with Key Performance Indicators (KPIs)? The more KPIs, the more difficult the negotiation process. All KPIS have metrics to measure.

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Data Analytics: The Secret Ingredient to Efficient Inventory Management

RFgen

The role of data analytics in optimizing inventory management processes has become increasingly important. Analytics help organizations make smarter decisions, reduce costs, and improve customer satisfaction. But your analytics is only as good as the underlying data. That’s why most inventory handlers leverage data.