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.

How Supply Chain Analytics Empower Digital Transformation

Cerasis

The result is improved customer service, but the real implications of supply chain analytics go much further. The proper use of supply chain analytics is crucial to digital.read More. Data Supply Chain supply chain analytics

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.

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.

End to End Supply Chain Visibility - Solving The Data Problem

stock, and the ability to transport goods on. the transportation space, you see a. analytics via a cloud-based application that. 1DIGITAL TRANSFORMATION, END-TO-END VISIBILITY, AND. THE "DATA PROBLEM". Given the macroeconomic cl imate and the. Amazon effect," many companies are.

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.

Using Managed Analytics to Build a Next-Generation Supply Chain

Talking Logistics

The advent of transportation management systems (TMS) in the 1990s introduced near-infinite metrics and data points into the supply chain yet brought with it more questions than answers: How do we centralize the data? The Fundamentals of Managed Analytics.

Big Data and Analytics for Oil and Gas Transportation

Talking Logistics

This growth along with the complexities found in the oil and gas industry can create significant transportation and logistics challenges. Utilizing sand and production water transportation solutions. The post Big Data and Analytics for Oil and Gas Transportation appeared first on Talking Logistics with Adrian Gonzalez. 3PL Transportation Management Upcoming Episodes Alaster Love Oil and Gas Transplace transportation

[Infographic] Big Data Analytics in Supply Chain

Cerasis

Editor's Note: Today's blog is from our friend Derrick Rehn with FusionOps who shows us how big data analytics can benefit you in your supply chain. . In areas of big data analytics for enterprises, the answer is inevitable – use the cloud. . Implementing Advanced Analytics .

Final Mile Delivery: The Role of TMS and Predictive Analytics

Talking Logistics

Even though shipments may be transported over hundreds of miles, or just a few miles, the main focus today is on the final mile — that is, making sure the delivery experience for the end-customer (which in many cases is a home delivery) is a positive one. How can technology, specifically transportation management systems and predictive analytics, help shippers and third-party logistics providers (3PLs) excel in this area?

Removing the 3 Barriers to Building a Predictive Supply Chain

CHAIN DATA CLEAN STRUCTURE PREDICTION & SIMULATION ClearMetal.com | Toppling 2 Major Misconceptions in Predictive Logistics 3 Barriers to Predictive Logistics Today, three barriers remain in global supply chain analytics: 1. such as cloud, analytics and big data. transport.

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?

Enabling S&OP through Advanced Analytics

Logility

At the Informs Business Analytics Conference in Las Vegas last year, I spoke about the potential to enable S&OP / IBP through advanced analytics. There should be no mystery to analytics. Transportation Load and Route Optimization.

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

Cerasis

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. Predictive Analytics Will Benefit Manufacturers.

Minimizing Supply Chain Disruption Through Analytics: A Brief Guide

Cerasis

Using analytics in the supply chain has the most potential to dramatically reduce costs of supply chain management, as well as minimizing supply chain disruption. Unfortunately, the upfront investment costs for deploying the technology necessary to use analytics can be difficult to justify, so Warehouse Managers need to know a few things about house analytics to enable the minimization of supply chain disruptions. This is where analytics come into play.

The 4 Stages of Supply Chain Analytics

and advanced analytics. Supply Chain Analytics Maturity Model 2 The Stages Supply chain leaders are wanting their organizations to be data-driven. stage 1) to prescriptive and forward-looking analytics to drive meaningful. 3 Stage 1 Descriptive Analytics (What happened?)

How Analytics Can Help Shippers Combat Rising Intermodal Transportation Costs

Savi

Intermodal Transportation Landscape In a 2017 American Shipper Report on global sourcing, 58% of shippers indicated that their biggest concern today is rising intermodal transportation costs. These numbers signal a robust year for the transportation sector and the economy in general. Earlier this year, DAT Solutions reported that high demand for transportation raised industry prices, and the load-to-truck ratio increased steadily over the course of 2017.

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

Gaining end-to-end visibility across your transportation processes delivers: $32.00 Use predictive and prescriptive analytics to support your visibility goals.

Supply Chain Analytics: A Continued & Renewed Focus on Using Data for Improvement

Cerasis

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability?

Big Data Analytics: A Key to a Successful Supply Chain in the Next 5 Years?

Cerasis

However, as the importance of big data analytics is realized companies are beginning to realize that it is not only worth the investment but vital toward remaining competitive. There are several direct and indirect benefits to using big data analytics for your supply chain. Immediate Benefits of Big Data Analytics. The main benefit of big data analytics regarding supply chain management is customer service. appeared first on Transportation Management Company | Cerasis.

Seeing the Future with Predictive Analytics

Enterra Insights

Today, in addition to those activities, new analytical tools are available to help business leaders predict what could happen in the future. Looming risks like wars, environmental and labor regulations, natural disasters and transportation challenges are placing many retail supply chains and retail profit centers at the mercy of the unforeseen.”[1] ” Types of analytics. What you want from your data determines which kind of analytics you need to apply.

How TMS Analytics Can Lead to Actionable Insights & Continuous Improvement

Cerasis

Modern, cloud-based analytics systems within transportation management systems ( TMSs ) have redefined how you strive for continuous improvement. The goal of seeing your freight’s location 24/7/365 is well underway, and TMS analytics are providing insights beyond knowing the shipment’s location. Your opportunities will grow, but how do a dedicated TMS and analytics make this possible? But, this is only the surface of analytics. TMS Transportation Management

Combat Rising Transportation Costs and Driver Shortage With Supply Chain Analytics

Savi

Today’s driver shortage is helping to drive transportation costs higher. On top of all these factors, the driver shortages, an almost 100% driver turnover rate, and increased demand further jam up the supply chain and limit transportation options.

On the Track to Profitability: The Power of Pricing Analytics in Rail Freight

Talking Logistics

Where rail freight once was the price-competitive transport mode of choice, low fuel prices and increased availability of trucks in the spot market have resulted in low freight rates that are expected to remain low. What is pricing analytics?

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.

Four Ways a TMS Solution Leverages Predictive Analytics

Supply Chain Collaborator

TMS users in transportation logistics organizations are sitting atop a gold mine of actionable data captured by their TMS solutions. Here are four ways smart TMS users can harness the power of their data for predictive analytics. Leveraging predictive analytics in the TMS a shipper can use historic tendering metrics and spot quote reporting data to identify areas where contracted rates can be bolstered and avoid budget-busting over-utilization of the spot market.

Analyzing the Analytics of Supply Chain Planning

Logility

Climbing the Ladder of Analytics Value. Amid the general buzz in the supply chain planning field regarding optimization solutions and algorithmic planning, a diagram of value vs. difficulty lays out four stages of analytics by their difficulty and potential value.

Blockchain and Supply Chain Analytics: Impact of Small to Large Supply Chains

Cerasis

The value of blockchain and supply chain Analytics is Undisputed, and the capabilities of blockchain Technology are starting to become available two small and midsize businesses, as well as large corporations, such as Walmart.

The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re

[WEBINAR] Why Supply Chain Leaders are Using Big Data Analytics

Cerasis

We invite you to register and attend our educational webinar titled, “Why Supply Chain Leaders are Using Big Data Analytics” presented on Feb. For this 60 minute webinar, join Adam Robinson, Marketing Manager at Cerasis, as he discusses how Big Data provides actionable insight to truly affect business outcomes, resulting in reduced supply chain costs and a more strategic approach to transportation management.

Using Data Analytics and Blockchain in Retail to Sift Through Needs Faster

Cerasis

Data analytics can be applied to virtually any supply chain process, and analytics hold great value in managing retail supply chains. Although data analytics help retailers make informed decisions, the potential of blockchain is worth considering as well.

Data 193

The Essential Role of TMS in Executing Your Transportation Strategy

Talking Logistics

Why is transportation management technology essential for companies to execute their supply chain strategy? The use of transportation technology helps with some of the low-hanging fruit, such as automating repetitive tasks, but it certainly does more than that. It’s going to capture a wealth of data, and if done correctly, can help you turn that data into information that you can use to improve not just your transportation practices but your whole supply chain.

Mitigating the Effect of Natural Disasters on Your Supply Chain

Talking Logistics

And when recent hurricanes, earthquakes and wildfires began wreaking havoc, many shippers were left asking themselves: “How have recent natural disasters affected our transportation network?” The key to answering those to questions: actionable data and predictive analytics.

2019 Transportation & Supply Chain Half Year Review – Where Are We Now?

Kuebix

At the end of 2018, we made some predictions about what 2019 would look like for the transportation and supply chain industries. The post 2019 Transportation & Supply Chain Half Year Review – Where Are We Now? Blog Predictions Trends 2019 Amazon China Data Analytics technology

The Role of Emerging Technologies in Managed Transportation Services

Talking Logistics

When I ask shippers what they look for in a logistics or transportation management partner, technology capabilities — and the data and insights those technologies provide — is always near the top of the list. What impact are these technologies having on transportation managed services? Several years ago, I wrote about how the worlds of technology, managed services and consulting were converging , particularly in transportation management.

What Is the Impact of Big Data in the Transportation & Supply Chain Industries?

Cerasis

This graphic shows the true scope of impact of big data in the Transportation, SupplyChain & Logistics industries. . In other words, selecting the best way to consolidate, mix and transport products can help attain a goal of $0 shipping in the eyes of consumers. .

What Omnichannel Supply Chain Analytics Should I Know?

Veridian Solutions

Omnichannel supply chain analytics provide the level of insight needed to succeed in the omnichannel-driven world. Supply chain leaders need to understand the challenges of applying omnichannel analytics, how they enable insight across supply chain functions, such as order fulfillment and inventory management, and how to apply them to achieve the greatest result. Where Do Supply Chain Leaders Go Wrong with Omnichannel Supply Chain Analytics?