Remove Document Remove Eliminating Excel in Purchasing Remove Predictive Analytics Remove Warehousing
article thumbnail

Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?

article thumbnail

Do Digital Your Way. Sidestep the Supply Chain Conquistadors

Supply Chain Shaman

In the process, there is a fine line between marketing hype and overpromising, making buying difficult. It combines robotics, analytics, and the Internet of Things (IoT). In contrast, SAP touts an integrated cloud-ready portfolio that includes predictive analytics, automation, and IoT capabilities. Supply Chain 4.0.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Visibility: If Only I Could See

Supply Chain Shaman

Examples include Enterprise Resource Planning (ERP), Warehouse Management (WMS_ or Advanced Planning (APS). The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues.

article thumbnail

Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years. This documentation accounts for any units that are in transit and also in case anything is lost or damaged in transit.

article thumbnail

Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Procurement analytics is a component of business intelligence and is increasingly important, especially in complex organizations. From whom are we buying? How much are we spending?

article thumbnail

Reverse Logistics: What is it, and Why is it So Important?

Unleashed

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. A further 41% said they buy multiple versions of the same item with the intent of returning some of them. When the goods arrive back at the warehouse, an efficient process again saves money.

article thumbnail

Retail Logistics: What It Is & How to Improve

ShipBob

Stages of the retail logistics process includes warehouse receiving , inventory management, fulfillment, and shipping. In 2020, global retail sales exceeded $23 trillion and experts predict ecommerce demand to continue expanding. The analytics are super helpful. Inventory receiving and processing is so important.