Remove Benchmarking Remove Manufacturing Procurement Remove Predictive Analytics Remove Transportation
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

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

GlobalTranz

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus. The State of Supply Chain 2016 Trends.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Building Resilient Supply Chains is Hard — but Essential

Enterra Insights

Companies can leverage social media to obtain consumer behavior analytics while also monitoring the industry, news and other sources that can indicate potential supply chain disruptions like the passing of a new regulation. 7] It should be clear that resiliency is built on a foundation of data. .”

article thumbnail

6 Strategies for Better Supply Chain Management in the Current Economy

Oracle SCM

As if the largest economic crisis since the Great Depression wasn’t enough of a challenge to the supply chain industry, the introduction of the smartphone and advanced analytics into the marketplace disrupted the industry further by providing an exponentially growing consumer base and easy access to goods and information.

article thumbnail

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. The largest was the purchase of Lawson in 2011 for 2B$. The company branded as GT Nexus in 2001 and purchased Tradecard in 2013. The goal is deeper analytics to sense and respond across make, source and deliver. It is clear.

article thumbnail

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Manufacturing sites have been rationalized in terms of, “we don’t need five factories in this country, we only need three, then two, then we don’t need them at all, we’ll move them to China”. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

article thumbnail

Just-In-Time Management – How to Manage Inventory in 2024

ThroughPut

The Just-In-Time inventory management approach revolutionized manufacturing forever. Just-In-Time (JIT) Inventory Management, also known as lean manufacturing or the Toyota Production System (TPS), is a strategy that aligns raw-material orders from suppliers directly with production schedules. How Does Just-In-Time (JIT) Work?