Supply Chain Big Data: Why Supply Chain Leaders Are Using Big Data Analytics

Cerasis

Thanks to data gathering programs, supply chain software , and data entry applications, this represents a mountain of data, which has the potential to provide ground-breaking insight into how to improve business-model efficiency. As a result, business leaders can reap a significant return on investment by thoroughly analyzing this data. What Is Supply Chain Big Data? How Does Big Data Improve a Supply Chain?

7 Benefits Realized Utilizing Big Data to Optimize Supply Chains

Cerasis

The company focuses on high tech industries such as telecome , data storage, data centers, bio-medicine, and any company who needs supply chain visibility and proactive supply chain services for replacement parts and more. All of these factors make using big data valuable.

Big data and supply chain optimization: Illusion vs. reality

Quintiq

Suddenly, discussions seem to treat big data as a driver for incredible innovation. Assuming that big data was superior to “just any data” came from evidence in the B2C market, but this did not stop bold predictions about how it could also transform supply chain operation.

How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. Ask Traditional Questions, and Let Big Data Provide Answers. Data Leadership Supply Chain

NRF 2015: Big Data, Inventory Centralization, and the Cloud

Logistics Viewpoints

Another year, another NRF Big Show in the books. Business Intelligence Cloud/Software-as-a-Service Inventory Management Omni-channel logistics Replenishment Retail Supply Chain Planning

How Big Data is Changing Supply Chains

NC State SCRC

Dunn a writer for TechnologyAdvice. She provides some great insights into how big data might be able to be used in supply chains. Today’s companies face overwhelming reams of endless data flooding in from a broad range of channels. In spite of this often-daunting aspect of business today, with appropriate use of this data, you can realize a powerful advantage over the competition by boosting efficiencies in your organization’s supply chain.

How and Why Big Data Changes Supply Chain Labeling Forever

Loftware

Since its invention, the barcode has been the go-to method for tracking inventory in retail. By increasing traceability and visibility in the supply chain, barcodes save retailers thousands of hours of manual work each year and save millions of dollars in the process.

Big Data and the Supply Chain: One Important Means of Moving Forward

Kinaxis

by Bill DuBois A recent article on CFO points to a topic gaining strong momentum in the business press: the supply chain is the next big thing for big data to address. General News Supply chain management Big data Supply chain visibility

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. Processing a large volume of information the main benefit of big data analytics.

Will Big Data change the world?

Arkieva

Today we face a comparable optimism and belief in Big Data and Manufacturing 3.0. Where the internet was going to take out the middle man and connect enterprises into seamless supply and demand networks, Big Data and Manufacturing 3.0 Let’s focus on Big Data.

Impacts of Big Data in Logistics

Abivin

The web pages you visit and online messages you send every day continually generate data about you. When you go to a supermarket to buy groceries and pay with your credit card, data is also being obtained about your shopping tendencies and financial activities.

How Companies Can Leverage Big Data and Predictive Analytics to Optimize the Supply Chain

Supply Chain Nation

It takes a lot of data to make a good decision. And for decision making within the supply chain, big data can provide insights for companies and enable them to make better decisions. Big data is defined as extremely large datasets, structured and unstructured, that reveal patterns, trends and correlations. Most organizations recognize the value and importance of big data, but become overwhelmed and struggle with proper implementation.

Getting Inventory Right: Hope with Hype and Recycled Software?

Supply Chain Shaman

In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks. In the research for the inventory optimization and the S&OP reports, I find a handful of VERY experienced SAP clients doing codevelopment with the SAP IBP product.

Inventory Optimization and Cognitive Computing

Enterra Insights

Inventory is one of the necessary evils associated with doing business. In a manufacturer’s ideal world, a product would be … Continued The post Inventory Optimization and Cognitive Computing appeared first on Enterra Solutions.

Inventory Management Remains Challenging

Enterra Insights

Every business person who deals with inventory management is involved in a balancing act. Keep too little inventory on hand and you risk losing sales and, on occasion, customers. Keep too much inventory on hand and the costs add up resulting in lower profits. It’s little wonder inventory management systems have gained popularity. ”[1] He adds, “Even with all this power, there are several disadvantages to inventory control worth considering.”

The Major Trends in Warehouse Inventory Management for 2017

Descartes

That’s why you need to adopt and refine trends in warehouse inventory management. The post The Major Trends in Warehouse Inventory Management for 2017 appeared first on Appterra. Blog API Big Data EDI Internet of Things Omnichannel Real Time Data Supply Chain

Supply Chain Optimization 101: How to Best Harness the Power of Big Data

AFFLINK

You can’t open a major tech news site these days without encountering the words “big data.” What is Big Data? The easy question first: what is big data? As explained by a recent IBM report, “Big data is being generated by everything around us at all times.

Three Questions People are Afraid to Ask….

Supply Chain Shaman

The room is big, the powerpoint deck is large, and the coffee cups are arranged in neat rows on the counter of the side of the room. Data surrounds the company. The data in the channel is changing faster than the company can adopt processes and technologies to use it.

Inventory Optimization: Trying to Manage a Business Conundrum

Enterra Insights

Inventory management continues to be a business conundrum. The post Inventory Optimization: Trying to Manage a Business Conundrum appeared first on Enterra Solutions. Best Practices Big Data Business Cognitive Computing Supply Chain Technology Enterra Solutions Stephen DeAngelis

Tapping into Big Data to Enable Actionable Supply Chain Visibility and Predictive Analytics

Supply Chain Nation

The company collects over one trillion global events each day through sensors, satellites, radar, video cameras, smartphones and other devices that make up the Internet of Things (IoT), giving them one of the largest repositories of real-time big data in the world. Their proprietary machine learning algorithms analyze these massive big data streams in real-time to produce live and predictive insights that help companies achieve competitive advantage.

Inventory Optimization in the Digital Age

Enterra Insights

The post Inventory Optimization in the Digital Age appeared first on Enterra Solutions. Artificial Intelligence Best Practices Big Data Business Cognitive Computing Supply Chain TechnologyMae West reportedly stated, “Too much of a good thing can be wonderful.”

Dreaming of Clouds, Lakes and Streams

Supply Chain Shaman

Yesterday, I spoke at the Eye for Transport conference on the Big Data opportunity in supply chain. I hate the term Big Data. Nine out of ten companies are not making progress at the intersection of inventory turns and operating margins. I believe that data matters.

Where Would We Be Without All of the BullS&%T?

Supply Chain Shaman

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. The data was out of sync with their needs. ” (Each mode of transport has different comparison reference data.).

The Digital Supply Chain: Making The Leap With A Ball and Chain

Supply Chain Shaman

Master Data is No Longer a Barrier. Cognitive learning and rules-based ontologies will redefine master data management technologies making them obsolete. Instead, the data model is inside out.

Reflections on Integrated Supply Chain Planning

Supply Chain Shaman

In the presentation, I shared data on the evolution of supply chain planning and the results on user satisfaction. However, in the polling data in the APICS webinar, we found that over 70% of the respondents had deployed solutions from the ERP-expansionists (either SAP or Oracle).

The Evolution of Supply Chain is Becoming Patient-Centric

DynaSys

Supply Chain Management (SCM) is critical to the business in keeping up with global regulatory changes, increased efficiency in demand and manufacturing of product, inventory buffers, and shipping and distribution of product. The face of life sciences has undergone a change.

Not the Jetsons: 10 Use Cases for Cognitive Learning in Supply Chain

Supply Chain Shaman

The reading of data patterns feeding the planning engines and self-adjusting based on machine learning.) Here is a synopsis of the use cases discussed: Data Mapping. While the solutions are sourced from the same provider, each has a different data definition.

Digital Inventory Management Key Battleground in Transformation of Brick-and-Mortar Retail

Cerasis

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices.

Fine-Tune Your Supply Chain By Looking at Amazon

Savi

But take heart, it’s not just a big checkbook driving their successful execution. Leverage Analytics to Fine-Tune Your Supply Chain Using live IoT data and many other data sources, you can achieve end-to-end visibility of the location and condition of your moving inventory even when multiple carriers deliver it across different modes. The world’s largest online marketplace has set their sights on a new goal — becoming a huge global 4PL.

Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

Drones in warehouses using machine learning for real-time inventory and self-driving vehicles are transforming logistics. Stalled progress on metrics: 90% of companies find themselves stuck on key supply chain metrics (cost, inventory, growth, ROIC). Tremors. Seismic shifts.

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

Planner turnover, time to plan, ability to get to data, system usability, and talent gaps are all major issues. The data from this study is shown in Figure 1. Concurrent optimization, unstructured text mining, streaming data and sensing, and cognitive learning are converging.

A New Red Wagon?

Supply Chain Shaman

As shown in Figure 1, the company has been unable to maintain balance on the portfolio of cost and inventory. Note that recent inventory progress is slipping against the improvements during the recession). Performance Data for the Chemical Industry for 2006-2016.

Mining Supply Chain Data for Insights

Supply Chain Shaman

Over the course of the last quarter, with the help from Cloudera, we built a data lake of with data from 1449 public companies. We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data.

Data 230

Digital Transformation: It Takes a Village

Supply Chain Shaman

What I do know is that 88% of companies , stuck at the intersection of operating margin and inventory turns, struggle to drive improvement at the balance sheet level, and that user satisfaction with the traditional technologies is low.

Open Letter to the Chief Financial Officer

Supply Chain Shaman

The attendees believed that they did not need a big brother. While companies want to improve costs and inventory, most are going backwards. While many consultants will wave their hands and promise improvements in costs and inventory through projects, take pause.