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Supply Chain Predictive Analytics: Benefits, Use Cases and Growth Potentials

ThroughPut

Thanks to the more advanced forms of supply chain analytics like predictive analytics, supply chains are proactively looking into the future and prepping for “what is to come” rather than only ruminating over “what already happened.” What Is Predictive Analytics for Supply Chain?

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Prescriptive Analytics for Supply Chain Optimization: 6 Powerful Use Cases 

ThroughPut

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

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No Time Like the Present

Supply Chain Shaman

On this tour, I heard Jeff Ma, a former member of the MIT blackjack team, speak on the use of analytics to make better decisions in “beating the house.” In the world of supply chain management following 33 months of disruption, this is not the case. The outcomes are less predictable or clear. We are re-writing the rules.

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Manufacturing Gains From Machine Learning

IQMS

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Manufacturers care most about finding new ways to grow, excel at product quality while still being able to take on short lead-time production runs from customers.

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Thriving In ‘The New Normal’ With 5 Demand Forecasting Models

ThroughPut

After all, most of these business functions were created for a very different era where any change was predicted earlier and absorbed easily. Understanding and predicting demand in unpredictable times. Reshaping the manufacturing world to meet new demands. A definite “no-no” for demand planners.

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Innovation in Supply Chain Management: Driving Efficiency and Success

American Global Logistics

Overview of Supply Chain Management Supply chain management encompasses the planning, sourcing, manufacturing, and delivery of products or services. Big Data analytics Artificial intelligence and machine learning enable predictive analytics and demand forecasting, facilitating better decision-making.

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No Easter Bunny?

Supply Chain Shaman

Analytical innovation and digital transformation drove step-change capabilities within the office and marketing. There is the need for an analytics strategy that can power outside-in, real-time processes using structured AND unstructured data. Build a scrappy, cross-functional team to test and learn using new forms of analytics.