4 Top Prescriptive Analytics Examples in Wood Products Manufacturing

River Logic

Optimization Manufacturing Capacity Planning Supply Chain Optimization wood products forest products

Prescriptive Analytics is Going Mainstream. Is your Organization Ready?

AIMMS

With rising supply chain complexity, organizations are racing to improve the pace and quality of decision-making. To do this, many are relying on prescriptive analytics. Source: Gartner, Forecast Snapshot: Prescriptive Analytics Software, Worldwide, 2019.

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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.

Analytics in Distribution and Manufacturing Taking Center Stage

Cerasis

Analytics has been a buzzword in recent years. Everyone seems to be clamoring to get on the big data and analytics train. Part of this drive toward more interest in analytics in distribution and manufacturing comes from the ability of analytics to reduce inefficiencies dramatically and increase productivity in both physical and virtual sales environments. How Are Analytics in Distribution and Manufacturing Being Used?

Supply Chain Management Data: Here’s How Big Data Makes the Supply Chain More Efficient

Cerasis

It’s clear — and has been for a while — that big data and advanced analytics technologies are transforming a lot of day-to-day operations. In health care, it’s helping professionals discover new treatments or care solutions, and in manufacturing, it’s improving outdated practices.

Agile Supply Chain VS Efficient Supply Chain

DynaSys

This is true for everyone, and supply chains are no exception. An agile supply chain requires the ability to rapidly identify, evaluate and execute alternative supply chains scenarios. FROM EFFICIENCY TO AGILITY.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supply chains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. First, great supply chains are agile. Maturity in Analytics.

4 Big Benefits for the Use & Implementation of Predictive Analytics In Manufacturing

Cerasis

Supply chain models are evolving. The predictive analytics of the past are becoming more apt and intellectual, powering a new age in manufacturing. Additionally, major manufacturers are working to prioritize predictive analytics and use them to improve production.

4 Key Trends to Watch in Smart Manufacturing and Supply Chain

Cerasis

Industrial IoT and big data are converging to enable demand-driven 'smart supply chains.' The advancements in 3D printing and 'Additive Manufacturing,' coupled with supply chain efficiencies, could make distributed manufacturing a reality, ushering in the era of smart manufacturing.

Supply chain inventory optimization – Beyond the analytics

Kinaxis

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. The focus with Inventory optimization is often on analytics, but that’s just the beginning.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

Want to disrupt your supply chain? Check out this new analytical tool

ToolsGroup

Brad Householder, Founder and CEO of b2i, spoke at the ToolsGroup TG18 user conference recently and presented an innovative approach to strategically analyze your value chain to focus digital investments. to “How can we use our supply chain to disrupt our industry ?”

Tools 233

Supply Chain Innovation: The Latest Gartner Supply Chain Predictions

ToolsGroup

Gartner analysts presented their latest supply chain findings throughout the two-day Gartner Supply Chain Executive Conference last month in London. They see the highest spending priorities in e-commerce software, supply chain optimization and cost analytics.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Let me start with a true confession: I am a manufacturing gal. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Supply Chain and Design.

The whats, whys and hows of supply chain analytics (part 1)

DELMIA Quintiq

Confusion about what exactly big data, analytics and optimization mean, is not uncommon. Analytics is the filtering, compiling, analyzing, leveraging, or otherwise using of any data – including big data – to gain understanding. Analytics can be broken down into three levels: 1.

From import tariffs to the next tsunami: how Prescriptive Analytics can help you build agility and resilience into your Supply Chain Network

AIMMS

What can Supply Chain leaders do to mitigate the risks that these disruptions bring to the Supply Chain? Forward-thinking Supply Chain leaders can become more resilient if they try to anticipate future events, and have a contingency plan ready for when the event occurs.

Is Prescriptive Analytics really going to disrupt how Supply Chains evolve?

AIMMS

So this morning, I woke up early and over breakfast thought I’d challenge myself on the use of the term and explore if I can continue to use it with sincerity…I thought I’d role play a Chief Supply Chain Officer for a large global manufacturer: First thing.

Predictive and Prescriptive Analytics: Your Supply Chain Needs Both

River Logic

As manufacturing companies become increasingly complex and begin leveraging more data, the role of advanced analytics in business planning processes is slowly becoming a necessity. Prescriptive Analytics Advanced Analytics predictive analytics

From import tariffs to the next tsunami: how Prescriptive Analytics can help you build agility and resilience into your Supply Chain Network

AIMMS

What can Supply Chain leaders do to mitigate the risks that these disruptions bring to the Supply Chain? Forward-thinking Supply Chain leaders can become more resilient if they try to anticipate future events, and have a contingency plan ready for when the event occurs.

Is Your Supply Chain Ready for 2020?

DynaSys

Global trade, geopolitics, climate changes, natural disasters, digitization, the increasing demand for customer flexibility and the volatility of consumer demand increase supply chain complexity. Let’s focus on some 2020 supply chain trends and initiatives.

3 Compelling Reasons to Start Using Prescriptive Analytics

AIMMS

If you’ve read up on the latest topics in the field of data analysis, then you’ve probably encountered the term Prescriptive Analytics. Prescriptive Analytics is a type of Advanced Analytics that results in a recommended action.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I visited the BVL Kongress in Berlin, and also attended the International Institute for Analytics ”Chief Analytics Officer” meeting last summer. We just finished hosting over 150 executives at our Supply Chain Resource Cooperative, with a theme on Supply Chain Analytics. As 2013 comes to a close, here are some of my thoughts regarding the supply chain trends we are likely to see emerge in 2014.

Managing in Manufacturing:        E-commerce Series (Part 2)

C3 Solutions

Manufacturing Amazon Effect E-commerce supply chain management artificial intelligence supply chain visibility logistics IoT SaaS Supply Chain Management Systems SaaS supply chain systems internet of things Machine Learning automation supply chain analytics cloud-based supply chain systems yms web-based yard management yard management systems yard management solution Blog C3 software as a service C3 Blog Saas C3 Solutions Supply Chain Yard Management yard management system yard management solutions C3 Yard

Supply Chain Predictions 2020: Uncertainty Demands Resilience

ToolsGroup

It’s been an interesting decade for supply chain: just when you think things can’t get any crazier, a new extreme weather event, political drama or tech start-up pops up, disrupting entire industries. Algorithmic supply chain planning will go mainstream.

The 2016 State of Manufacturing Industry Trends: E-Commerce, Robotics, & Analytics

Cerasis

At the onset of 2016, we identified key trends to watch for in manufacturing, and as the year draws to a close, it’s time for an evaluation of our predictions to discover the state of manufacturing. This is the fundamental concept behind most supply chain processes, so let’s take a closer look at what was expected versus what happened. The State of Manufacturing: eCommerce, Analytics, and Robotics. E-Commerce Grew More Important in Manufacturing.

How VR, 3D Printing & Predictive Analytics in the IOT are Currently Powering the Manufacturing Industry

Cerasis

Newer technologies have created entirely new methodologies for improving manufacturing, and the outlook is brighter than ever. So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. Additive manufacturing is expected to climb more than $20 billion by 2019. Manufacturing Technology

Embracing the Digital Supply Chain

Supply Chain Shaman

As I drank a cup of coffee and waited, I reflected on the article I had just completed for the Institute of Supply Management. At their request I wrote on the digital supply chain. Digital supply chain is such a buzzword. Traditional supply chains do not sense.

Tackling the Unknown: Trying to Figure Out New Forms of Analytics

Supply Chain Shaman

The new world of supply chain analytics is my current research project. The possibilities of data variety and velocity to improve supply chain management excite me. There is a great need for improved supply chain analytics.

Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. Leveraging predictive analytics is as close as business leaders will come to having a crystal ball. ”[3] This depiction, she explains, is not “helpful when assessing the potential value of predictive analytics.”

Top 10 2020 Manufacturing Trends

IQMS

Bottom Line: 2020 manufacturing trends are driven by manufacturers’ strong confidence in their ability to deliver high-quality products that earn repeat orders while delivering excellent customer experiences. Sustainability is manufacturing’s greatest inflection point of 2020.

Will Your Supply Chain Sink or Swim in the Digital Age?

OneSCM

recently noted a new trend towards supply chain “protectionism,” presumably due to the extraordinary combination of external forces proving capable of disrupting once-optimized processes and, therefore, destroying once-healthy profit margins. appeared first on TAKE Supply Chain.

What are supply chain professionals using to make network decisions? 

AIMMS

We recently created a quiz to help supply chain professionals answer this question. Our goal was to help you identify potential improvement opportunities by answering a few questions and get a temperature check on the current landscape of network design solutions.

Yowza! A Nine-Step Decision Process to Help Guide Supply Chain Planning Selection

Supply Chain Shaman

<Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. Let’s face a hard fact: the supply chain planning market is a mess. Supply Chain Analytics.

What Is Supply Chain ERP?

IQMS

A Supply Chain ERP system orchestrates and optimizes forecasting, pricing, procurement, sourcing, and inbound product quality levels across the many supplier relationships manufacturers have, providing real-time accounting and financial reporting of each transaction.

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Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

With visibility as the key driver for an effective supply chain improvement strategy, businesses today must rely on building collaborative relationships in their extended supply chains to gain visibility from end-to-end.