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AI in the Retail Industry: Benefits, Case Studies & Examples

ThroughPut

While on one hand, predictive analytics analyzes historical data and market trends for accurate demand forecasting, on the other, customers are being offered personalized experiences based on their preferences, purchase history and behavior. Such detailed analytics also reduce retrieval times for faster order processing.

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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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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. Most manufacturers prefer to leverage analytics data over traditional forecasting and time series techniques.

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No Easter Bunny?

Supply Chain Shaman

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

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What is GMROI, and What Does it Mean for Your Retail Inventory?

ShipBob

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). Specifically, GMROI measures how much profit you generate from every dollar you invest in your inventory purchases. This metric doesn’t just account for the cost of buying inventory.

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Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. . Accurate and timely reconciliation of purchase orders with receipts.

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Digital Process Optimization: Revolutionizing Efficiency in Business

Elementum

It’s a strategic reimagining of business models and processes, powered by cloud computing, big data analytics, and AI, making businesses more adaptive, responsive, and customer-focused than ever before. The result?