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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?

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4 Ways Big Data is Changing Inventory Management

EazyStock

Big data is a term used to describe a massive volume of both structured and unstructured data that’s too large to be processed using traditional database and software techniques. In most enterprise scenarios, the volume of data is too big, moves too fast and exceeds processing capacity of existing applications.

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Lifting The Gray Curtain

Supply Chain Shaman

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. ” Her answer was telling.

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Demand Planning: Whipped And Chained by Tradition

Supply Chain Shaman

I know that your primary focus is procurement. Or planned orders to purchase orders?) I struggle to find any consultants who are experienced enough with demand modeling to help. Go to the source. Data Everywhere, Insights Are Few. I encourage all to explore the data available and how to drive insights.

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Introducing Retail Academy: Learn From the Industry’s Leading Experts to Maximize Your Profitability

Procurement Academy

The retail staff is the most significant stimulus for the customer’s purchase decisions. Retail Academy is the newest venture of Procurement, Supply Chain, and Sales Academy. The employee’s progression throughout the training journey will be monitored through an influential Report Management Center.

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Tesco Improves Supply Chain with Big Data, Automated Data Collection

RFgen

By using automated data collection software to feed information into its big data analytics program, British grocery and merchandise retailer Tesco has dramatically boosted profits and more proactively met consumer demands. “That [program] has revealed some interesting insights,” the news source said.

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Introducing Retail Training: Learn From the Industry’s Leading Experts to Maximize Your Profitability

Procurement Academy

The retail staff is the most significant stimulus for the customer’s purchase decisions. Almost half of the consumers say they have purchased something more expensive than they originally planned because their customer experience was personalized. Their skills and knowledge are an important concern.