Remove Eliminating Excel in Purchasing Remove Inventory Remove Minnesota Remove Procurement Analytics
article thumbnail

Understand the Pitfalls of IBP Before Embarking on a Supply Chain Transformation

Logistics Viewpoints

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.”

article thumbnail

How Retail Can Reap the Rewards of Data Science

Repl Group

It’s a combination of smart analytics, machine learning and artificial intelligence that “bring data to life in a hypothesis-driven approach”. Data analytics brings the information to life and gives insight into the decision-making process. The margin for error with this kind of approach is excellent at just 3% to 4%.

Retail 58