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Best Logistics Management Software: Everything You Need to Know Before Making a Purchase Decision

ThroughPut

That is why logistics management software (LMS) is so much more today than what it used to be. It’s not just about merely managing trucks and warehouses anymore; it’s about seeing the big picture (of your entire supply chain!) What is Logistics Management Software And How Does It Work ? Logistics has, however, come a long way.

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Big data and inventory management

EazyStock

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Big data is used to understand trends and patterns in behavior.

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Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

Until there are clear answers, business leaders should avoid buying software from companies with deep investments by venture capitalists. On September 30, the big data company Palantir went public in an initial 22B$ market valuation. Data science is only useful when companies are clear on the question to ask.

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Cognitive Technologies are Enhancing Customer Service

Enterra Insights

Haas and his colleagues explain, “For many companies, helping consumers make purchase decisions by delivering relevant content throughout the buying cycle is a top priority. ” Complicating this challenge is the fact that consumers can easily hop on and off the digital path to purchase. That isn’t always easy.

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Optimize Demand Planning with AI: Plan Product Mix & Sales Forecasts Effectively

ThroughPut

An AI-driven software can easily analyze competitor products to deliver data on components that are leading to sales. Where a manual forecast is defined by a set of rules predetermined by a human being, a Machine Learning forecast (through its Big Data analytics) relies on supervised learning.

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A Win-Win Situation: Electronic Device Manufacturers and Blockchain Solutions

Shipchain

Marrying electronic device manufacturers and blockchain software vendors will have a profound impact on reducing the spread of counterfeit products and more. For example, blockchain can leverage ELD data to refine the estimated time of arrival for deliveries, reports Finextra.

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Essential Guide for Demand Forecasting in 2024

ThroughPut

Our 2024 guide provides supply chain managers and planners with the latest tools and insights to refine their demand forecasting processes. Historically, demand forecasting relied on simple tools and intuition, but as supply chains have become more complex and globalized, the need for sophisticated forecasting methods has grown.