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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

Traditional supply chain planning tools rely on deterministic forecasting, generating single-point estimates that often misrepresent real-world complexities. However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. The result?

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What Today’s Modern BI Systems Do That Legacy Reporting Tools Can’t

Silvon Software

Analytics and business intelligence (BI) are no longer optionaltheyre essential. Thats why modern BI systems are quickly becoming the go-to solution for data-driven enterprises. They integrate, align, and activate data across the business to drive better, faster decisions unlike legacy reporting tools that can’t.

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2018: What Will It Look Like?

Supply Chain Insights

Consultants and technology leaders are rebranding under a “digital umbrella” without clear definition. Confluence of Technologies. Here are my predictions for 2018: Supply Chain Excellence as We Know It Is Redefined. Supply chain excellence definitions evolve as companies explore the Art of the Possible.

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AI Software for Spare Parts Inventory Management: Why You Should Care

ThroughPut

In addition, poor visibility, unpredictable demand, and disjointed systems worsen the situation further and lead to inefficient procurement, misplaced stock, and emergency orders. Thats why a growing number of organizations are turning to AI software for spare parts inventory management.

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Beyond The Data with William Sandoval

The Logistics of Logistics

Tune in as they discuss the value of data and how organizations can use it not only descriptively but prescriptively as well. We are more into data acquisition and data analytics, which is one of the things we are going to talk about. I have designed power systems and communication systems. They want action.

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Visibility: If Only I Could See

Supply Chain Shaman

The IT taxonomy for visibility is supply chain analytics. As a result, when I was a Gartner analyst and technology providers would provoke me to write a Magic Quadrant on visibility solutions, I would laugh. When we ended the discussions, we agreed that visibility is supply chain capability not a well-defined technology classification.

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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?