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

ThroughPut

Real-time visibility was lacking, be it in warehousing or transportation, due to which delivery delays were common. Besides, AI is helping retailers optimize inventory, warehouse and pricing. Intelligent Warehousing with AI Analytics AI-driven analytics optimizes warehousing operations helping improve storage space and efficiency.

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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?

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Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). million bbl/d in 2015.” .

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Leveraging AI Technology for Non-traditional Problem-Solving in Fulfillment

Invata Intralogistics

Today’s most ground-breaking innovations lie in state-of-the-art warehouses and the algorithms and automated systems that drive them. From reducing return rates by analyzing product data to predicting inventory needs with startling accuracy, AI systems offer many benefits that traditional problem-solving methods can’t replicate.

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Supply Chain and Logistics Predictions for 2016

Talking Logistics

Well, my big audacious prediction for 2015 did not come true. And business relationships did not become more Vested this year — if anything, they reverted back to being “win-lose” arrangements (see Walmart’s Message to Suppliers: Talk to the Hand and The High Cost of Poor Supplier Relationships ). What will happen in 2016?

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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. Further, warehousing costs can fall by 5-10%. This chain of cost savings continues as efficiencies seep in. Understanding and predicting demand in unpredictable times.

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Best Practices for Optimal Inventory Replenishment

Vanguard Software

Inventory replenishment involves purchasing and moving inventory, both finished goods and raw materials, from reserve storage to primary storage and eventually to the selling location. Space Optimization : Availability of warehouse storage space affects how often inventory can be replenished. MicroVention Case Study.