article thumbnail

Supply Chain Predictive Analytics: Benefits, Use Cases and Growth Potentials

ThroughPut

Thanks to the more advanced forms of supply chain analytics like predictive analytics, supply chains are proactively looking into the future and prepping for “what is to come” rather than only ruminating over “what already happened.” What Is Predictive Analytics for Supply Chain?

article thumbnail

Prescriptive Analytics for Supply Chain Optimization: 6 Powerful Use Cases 

ThroughPut

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Analytics Evolution and its Impact on Retailers

Cognira

Analytics Evolution and its Impact on Retailers. Over the last decade, we have seen Data Analytics evolve at a tremendously fast pace. With the introduction of Big Data, the Cloud, Data Warehouses, and Artificial Intelligence, Data Analytics had to move with the times…fast. A Sneak Peek into the Evolution of Analytics.

article thumbnail

Ten Supply Chain Predictions for 2023

NC State SCRC

As I’ve done in prior years, I’ll make a few predictions based on what happened in 2022 – and what I think it means for 2023. These predictions are perhaps not completely original – but they represent what I think will be important guidelines for supply chain executives to consider. Price is still the determining factor here.

article thumbnail

Supply Chain Leadership Model Example in Retail Apparel Industry

Supply Chain Matters

The emphasis of this leadership model is noted as improving IT and advanced analytics capabilities in areas such as supply chain planning and customer fulfillment. The post Supply Chain Leadership Model Example in Retail Apparel Industry first appeared on The Ferrari Consulting and Research Group / Supply Chain Management.

article thumbnail

Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. Now the use of AI/ML is expanding beyond finding insights in data and providing predictions for the future.

article thumbnail

Supply Chain Matters This Week in Supply Chain tech April 14 2023

Supply Chain Matters

Everstream ranked number three in the data science category for its application of AI and predictive analytics to global supply chain risk. Leading this round was Morgan Stanley Investment Management with added participation from StepStone Group and Columbia Capital.