article thumbnail

Step Past AI Hype Drive Real Value

Supply Chain Shaman

The big data architectures are often present in the current “AI offerings.” The use of python and big-data architectures enables the ingestion of unstructured and streaming data that can move the model from inside-out (using enterprise data) to outside-in (use of market data).

article thumbnail

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

GlobalTranz

Unfortunately, some may not understand what supply chain big data truly is, how it is useful, and why they need to take advantage of it as soon as possible. What Is Supply Chain Big Data? Supply Chain big data is the ultimate compilation of data gathered in the course of business.

Big Data 120
Insiders

Sign Up for our Newsletter

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

article thumbnail

AI-Tuned Pricing and Inventory Strategies are the Way Forward for Retailers

Supply Chain Brain

By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. In terms of inventory strategy, First Insight assigns each SKU a unique “Value Score” based on a range of factors, including pricing, likeability and consumers’ likelihood of purchase.

article thumbnail

7 Benefits Realized Utilizing Big Data to Optimize Supply Chains

GlobalTranz

Big Data and Supply Chain Analytics Offering Benefits of Continual Improvements and More… Big data is more useful than many people fully realize. That being said, there are a few different ways that big data can be used to help optimize supply chains for a wide range of companies. We hope you enjoy!

Big Data 120
article thumbnail

Big Data, Analytics, and Industry 4.0

Enterra Insights

They include: Inventory Optimization. Eswara writes, “Inventory management in the supply chain is a key area where OEMs can leverage AI to achieve efficiencies in the supply chain network. … Through AI-enabled inventory management, OEMs can gain better visibility into their inventory operations.

article thumbnail

Three Questions People are Afraid to Ask….

Supply Chain Shaman

The consulting team pitches a theme–vision of supply chain best practices, big data analytics, or demand-driven value networks– to the executive team, and a new project is initiated. Big data supply chains Demand Market-Driven Big Data consultants demand driven Supply chain planning'

article thumbnail

Throwing Down the Gauntlet

Supply Chain Shaman

In Figure 1, I share a composite orbit chart of progress of Cisco Systems, Intel, Samsung and Flextronics on the Effective Frontier at the intersection of inventory turns and operating margin for 2006-2012. However, no company in this chart is on a linear path towards improving both margin and inventory turns. What can we learn?