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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. The key for inventory management teams is to know what to do with it!

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Real-time Information Increasingly Important for Manufacturers

QAD

Digital transformation strategies are delivering more responsive solutions and real-time information to change the way organizations operate. Consider a story from Seth Stephens-Davidowitz’s book, Everybody Lies on the topic of big data. Eliminate processing errors by replacing manual methods with digital communication.

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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.

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Walmart Lowers their Shipping Requirements, but their Suppliers Still Struggle

Logistics Viewpoints

Proving OTIF Remains Difficult Many consumer goods suppliers have implemented real-time transportation visibility solutions. These solutions allow companies to prove that their goods arrived on-time. FourKites is one of the largest providers of real-time transportation visibility solutions.

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Leveraging Big Data in Logistics Into Meaningful Business Analytics

Intelligent Audit

One solution is to turn to big shipping data. Far from a buzzword, big data analytics in logistics and supply chain management are helping companies gain insight into their current performance while optimizing future operations. That’s why it’s critical to have an audit partner who can ingest data across all systems.

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A Complete Guide to Real-Time Supply Chain Planning

ThroughPut

What is the significance of real-time supply chain planning? Granted, many modern companies deploy “intelligently planned” programs and distribution strategies to ensure on-time delivery and customer satisfaction. Pre-requisites for real-time supply chain planning. Procurement.

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Real-Time Demand Planning Software – Delivering Sanity and Stability in Everchanging Market Conditions

ThroughPut

Therefore, there is a need for real-time planning that not only offers a clear line of sight into all relevant internal and external influencers of demand, but also helps anticipate and drive it. How can you leverage big data for smart warehousing and logistics intelligently to aim for always on-time, in-full (OTIF) deliveries?