Enterra Insights
APRIL 21, 2021
Analysts from the Boston Consulting Group (BCG) explain the first three revolutions were driven by steam, electricity, and automation. 1] The fourth revolution is being driven by data. .” They include: Inventory Optimization. The post Big Data, Analytics, and Industry 4.0
Kinaxis
AUGUST 18, 2014
I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Philip Evans shares how today’s consumer is sharing a colossal amount of data to come to a buying decision.
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The Logistics & Supply Chain Management Society
JULY 20, 2020
This boosts revenues and optimises inventory. This can be applied to inventory management, fleet and order tracking, ID badging. Machine learning and big data analytics augments critical roles in supply chain efficiency, problem solving and cost saving. Pricing decisions can be integrated with demand and supply planning.
Enterra Insights
APRIL 25, 2019
Those tools became possible with the creation of large datasets (aka big data) and the maturation of artificial intelligence (AI). Inventory optimization. Nakanelua notes, “Inventory optimization helps reduce inventory distortion, a challenge that stems from out-of-stock and overstock inventory situations.”
Enterra Insights
JUNE 22, 2023
To highlight that point, Tyler Vigen , a Partner at Boston Consulting Group (BCG), started a site called Spurious Correlations. .” Causal Reasoning Goes Beyond Correlation All analysts know that correlations can easily lead one to believe something that is not true.
Supply Chain Movement
FEBRUARY 16, 2016
12 | Profile Hans Willems, Vice President Supply Chain Europe, Boston Scientific. A Boston Scientific medical device is used somewhere in the world every two seconds, but the company is much more than a medical device manufacturer. Supply chain has played a crucial role in its evolution into a provider of solutions for hospitals.
Savi
OCTOBER 29, 2019
Agile supply chain operations, especially in the consumer packaged goods (CPG) industry, are using IoT and end-to-end shipment visibility software to outperform competitors with better service while keeping lower inventory levels. Estimated Time of Arrival (ETA): Last-mile transportation challenges had caused on-time service arrival to drop.
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