Remove Document Remove Predictive Analytics Remove Sourcing 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

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I visited the BVL Kongress in Berlin, and also attended the International Institute for Analytics ”Chief Analytics Officer” meeting last summer. We just finished hosting over 150 executives at our Supply Chain Resource Cooperative, with a theme on Supply Chain Analytics.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

The Logistics & Supply Chain Management Society

The seemingly miraculous capabilities of generative AI systems like ChatGPT (large language models, or LLMs, generating novel text and code), Dall-E (generating novel images), and Alphafold2 (protein structure prediction) come from exploiting this scale.

article thumbnail

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My first focus was on China sourcing. The healthcare value chain was slow to respond—the majority of Personal Protective Equipment (PPE) was in Chinese warehouses. China was the source of over 90% of PPE.) As I watch the news and work on client documents in my quarantine, I try to manage my emotions. Bottom line?

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

Supply Chain and Logistics Predictions for 2016

Talking Logistics

Well, my big audacious prediction for 2015 did not come true. But some of my other predictions did hit the mark or came close. Making supply chain and logistics predictions is like throwing darts at a moving target. When making predictions, it’s easy to look at recent trends and simply project them forward.

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).