Remove Document Remove Predictive Analytics Remove Procurement 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

Artificial Intelligence: Procurement and Legal’s “New Frontier”

Proxima

And what for procurement teams? Procurement will need to understand all the ways that AI could transform how attorneys manage their work and what challenges AI could create for legal suppliers that need to be considered. In fact, it’s predicted that legal technology budgets will increase threefold by 2025. [1] Reducing risk.

Insiders

Sign Up for our Newsletter

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

article thumbnail

A Deep Dive Into the Top Warehouse Technologies of 2023

ShipBob

Good warehouse management relies heavily on visibility and coordination as well as strategic planning. To make this happen, businesses need to take advantage of technology solutions that allow them to seamlessly share data, communicate, and execute different warehousing tasks. What is warehouse technology? Let’s get started.

article thumbnail

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Not surprisingly, analytics is at the top of the list.

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

Savvy Supply Chain Leaders Aren’t Letting a Good Downturn Go to Waste

Logistics Viewpoints

After months of dire predictions, many in the financial community are lowering the odds of a recession in the next year. If it takes 50 days from ownership transition at origin to receipt at the warehouse, you could save $2M in inventory, or $250K in working capital, if you reduce transit time by one day (50 to 49 days).

article thumbnail

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.