Logistics Viewpoints

MARCH 27, 2024

Examples of Supply Chain Robots at MODEX 2024 Several exhibitors at MODEX 2024 showcased their innovative solutions for supply chain robotics, demonstrating the diversity and potential of this field. Here are some of the examples that caught our attention.

Analytics Software 214

Analytics Software Predictive Analytics Software Optimization Software Supply Chain Network Software 214

SCMDOJO

APRIL 4, 2023

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?

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

ThroughPut

MARCH 27, 2024

While on one hand, predictive analytics analyzes historical data and market trends for accurate demand forecasting, on the other, customers are being offered personalized experiences based on their preferences, purchase history and behavior. Such detailed analytics also reduce retrieval times for faster order processing.

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The Logistics & Supply Chain Management Society

APRIL 26, 2022

The Role of Digitisation and Analytics in Supply Chain Resilience. Analytics for Diversifying the Supply Base. For example, many companies gain visibility into the reliability of suppliers through traditional KPIs such as credit ratings and geographic concentration. Digital Supply Chain to Drive Resilience.

Analytics Software 246

Analytics Software Supply Chain Planning Software Supply Chain Software Predictive Analytics 246

Global Trade Management

DECEMBER 11, 2023

This newsletter will explore how analytics can revolutionize supply chain management, mitigating risks and enhancing operational efficiency. Conversely, prescriptive analytics provides actionable insights, guiding businesses in making informed decisions.

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Prescriptive Analytics Software Supply Chain Software Analytics Software Predictive Analytics 59

River Logic

MARCH 18, 2020

To illustrate the point, a recent paper from Ventana Research on supply chain planning revealed issues that companies using spreadsheet planning have experienced, including:

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Examples Supply Chain Planning Predictive Analytics Analytics 130

Enterra Insights

APRIL 6, 2021

The late philosopher Eric Hoffer and the late business guru Peter Drucker shared a common belief about the difficulty of predicting the future. Hoffer wrote, “The only way to predict the future is to have power to shape the future.” Drucker wrote, “The best way to predict the future is to create it.”

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Predictive Analytics Software Predictive Analytics Analytics Software Modeling Software 113

DELMIA Quintiq

DECEMBER 9, 2015

To do so, I will dive into data analytics and the role it could play in making supply chain logistics more efficient. Descriptive, predictive, and prescriptive analytics. When you talk about analytics, you probably use one of the three adjectives describing the nature of the beast: Descriptive, predictive, and prescriptive.

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Predictive Analytics Prescriptive Analytics Software Predictive Analytics Software Analytics Software 120

ThroughPut

FEBRUARY 2, 2024

is advanced supply chain analytics. Advanced supply chain analytics is turning the current uncertainty into strategic foresight. In this blog, we’ll delve deeper into the potential of advanced supply chain analytics and understand why it is the need of the hour.

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Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

GlobalTranz

JANUARY 17, 2017

So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. VR tends to replace the entire image. billion by 2021.

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Manufacturing Procurement Predictive Analytics Procurement Analytics Predictive Analytics Software 120

SupplyPike

JUNE 24, 2020

Learn about: The categories of analytics How they relate to retail and supply chain What suppliers can do with that data. Well-balanced business development depends on descriptive, predictive, and prescriptive analytics data. . Analytics Continuum. Categories of Retail Analytics. Descriptive Analytics.

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Prescriptive Analytics Software Predictive Analytics Predictive Analytics Software Retail 98

DynaSys

MAY 28, 2019

Data analytics technology has developed exponentially over the past few years due to the phenomenal increase of computer capabilities, algorithms and the emergence of easy to use, simple and user-friendly BI tools. Data analytics is widely explained in three approaches. How will Analytics change the way we forecast today?

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Prescriptive Analytics Software Predictive Analytics Predictive Analytics Software Analytics Software 40

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. With supply chain management analytics software, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

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ThroughPut

FEBRUARY 23, 2024

Even as some supply chains are struggling to harness the power of AI for multiple reasons , some others are already setting great examples. With rapid fluctuations and uncertainty, predicting customer demand is like shooting in the dark. We call this AI-powered ability to predict near-term demand as demand sensing.

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Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

ThroughPut

DECEMBER 22, 2023

In this article, we go a step further to show you why it might be time to empower plant managers with supply chain analytics. AI-Powered Supply Chain Analytics: A Key to Eliminate Bottlenecks in Manufacturing A common query for many is whether technology has the capability to foresee and eliminate bottlenecks in the manufacturing process.

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Unleashed

MAY 15, 2023

From targeted email campaigns to inventory management integrations, we’ll outline how you can develop strong B2B CRM strategies to improve business performance and achieve predictable growth. Most CRM systems offer configurable reporting and analytical tools for evaluating raw customer data and converting it into useful insights.

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Enterra Insights

JANUARY 13, 2020

Paul Pilotte ( @ppilotte ) and Bruce Tannenbaum, marketing managers at MathWorks, report, “MathWorks predicts that 2020 will see artificial intelligence play an increasingly visible role in a wide range of industries from industrial automation and medical devices to automotive and aerospace.”[2]

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Predictive Analytics Software Predictive Analytics Supply Chain Design Software Supply Chain Planning Software 100

E2open

AUGUST 30, 2016

The Power of Predictive Analytics. The use of predictive analytics is rising. According to KPMG’s 2016 Global Consumer Executive Top of Mind Survey , the use of predictive analytics will double by 2018, with 46% of companies planning to use advanced analytics to sense and shape demand within the next two years.

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Predictive Analytics Prescriptive Analytics Software Predictive Analytics Software Analytics Software 60

E2open

AUGUST 30, 2016

The Power of Predictive Analytics. According to KPMG’s 2016 Global Consumer Executive Top of Mind Survey , the use of predictive analytics will double by 2018, with 46% of companies planning to use advanced analytics to sense and shape demand within the next two years. Tuesday 30 August 2016.

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Predictive Analytics Prescriptive Analytics Software Predictive Analytics Software Analytics Software 60

AIMMS

FEBRUARY 9, 2017

If you’ve read up on the latest topics in the field of data analysis, then you’ve probably encountered the term Prescriptive Analytics. Prescriptive Analytics is a type of Advanced Analytics that results in a recommended action. Supply chain teams are curious about adopting Prescriptive Analytics and exploring the benefits.

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Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 156

Silvon Software

AUGUST 8, 2022

To address these issues, manufacturers and distributors are focusing more on the use of data analytics to help them make more strategic decisions related to supply chain performance. But how can organizations best use data analytics to enhance their supply chain management efforts? Make supply chain analytics broadly available.

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Analytics Software Supply Chain Planning Software Predictive Analytics Analytics 79

Unleashed

MARCH 2, 2022

Here we give you eight real-world examples of how businesses use Kanban, a popular lean tool that’s helped companies in a huge range of sectors improve efficiency – especially those in the manufacturing industry. Here, you may consider using a hybrid system of Kanban’s pull alongside analytics-based push methodologies (i.e.

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Manufacturing Procurement Agile and Lean Supply Chain Lean Examples 98

RFgen

MAY 16, 2023

The role of data analytics in optimizing inventory management processes has become increasingly important. Analytics help organizations make smarter decisions, reduce costs, and improve customer satisfaction. But your analytics is only as good as the underlying data. That’s why most inventory handlers leverage data.

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Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

Logility

JANUARY 3, 2019

Well, maybe someday, but I doubt many would buy into those as predictions for 2019. With so much change taking place it’s very challenging to predict even the near future. You can see examples of this shift as companies invest in their ability to analyze data. The Rise of Continuous Planning. Foundational Investments.

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Supply Chain Planning Software Supply Chain Planning Scenario Planning Predictive Analytics 140

Supply Chain Network

APRIL 5, 2018

Artificial Intelligence (AI) and Predictive Analytics are also now increasingly being applied in order to make sense of, and best utilize all of these data sources, which are now clearly beyond the capability of human operators to manipulate, analyze, determine insights and then take action from in any kind of a timely manner.

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Enterra Insights

JUNE 22, 2023

With the maturation of artificial intelligence (AI) systems, predictive analytics have grown in importance. The difference between traditional forecasting and predictive analytics is granularity. And computers can use those patterns to make predictions — for instance, that a spot on a lung X-ray indicates a tumor.

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Supply Chain Performance Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software 130

EC Sourcing Group

JULY 26, 2022

Advanced analytics exceeds standard business intelligence (BI) using state-of-the-art technology and tools to create data asset information and real-time statistics. These diagnostic analyses help businesses predict market trends, optimize global supply chains, to make quicker, strategic decisions to pursue financial opportunities.

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Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

GlobalTranz

JULY 26, 2016

Analytics has been a buzzword in recent years. Everyone seems to be clamoring to get on the big data and analytics train. To guarantee your business’s success in the modern supply chain, you need to understand a few things about analytics in distribution and manufacturing. How Are Analytics Evolving Within the Supply Chain?

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Logility

NOVEMBER 21, 2016

Climbing the Ladder of Analytics Value. Amid the general buzz in the supply chain planning field regarding optimization solutions and algorithmic planning, a diagram of value vs. difficulty lays out four stages of analytics by their difficulty and potential value. The Descriptive Analytics level is easiest to achieve.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Supply Chain Planning Software Analytics Software Predictive Analytics 100

Logility

MAY 10, 2018

At the Informs Business Analytics Conference in Las Vegas last year, I spoke about the potential to enable S&OP / IBP through advanced analytics. I firmly believe that one viable path to more automated and intelligent supply chain operations is through moving up the analytics maturity ladder.

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Prescriptive Analytics Software S&OP Analytics Software Predictive Analytics 100

ThroughPut

DECEMBER 5, 2023

Demand forecasting is the process of predicting future demand for a product or service, which helps businesses plan and allocate resources effectively. By accurately predicting future demand, businesses can better prepare for potential disruptions, such as supply chain disruptions, natural disasters, or changes in consumer behavior.

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AIMMS

FEBRUARY 9, 2017

If you’ve read up on the latest topics in the field of data analysis, then you’ve probably encountered the term Prescriptive Analytics. Prescriptive Analytics is a type of Advanced Analytics that results in a recommended action. According to Gartner’s Forecast Snapshot , the Prescriptive Analytics software market will reach $1.1

Prescriptive Analytics Software 120

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Optimization Software 120

Cognira

JUNE 1, 2021

Analytics Evolution and its Impact on Retailers. Over the last decade, we have seen Data Analytics evolve at a tremendously fast pace. With the introduction of Big Data, the Cloud, Data Warehouses, and Artificial Intelligence, Data Analytics had to move with the times…fast. A Sneak Peek into the Evolution of Analytics.

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Prescriptive Analytics Software Predictive Analytics Analytics Software Analytics 52

Enterra Insights

MARCH 13, 2018

Gary Cokins ( @GaryCokins ), founder of Analytics-Based Performance Management LLC, asserts, “Analytics is becoming a competitive edge for organizations. Once being a ‘nice-to-have,’ applying analytics is now becoming mission-critical.”[1] Diving for pearls: Types of analytics.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Analytics Software Predictive Analytics Procurement Analytics 100

Enterra Insights

JANUARY 18, 2024

Predicting the Future. Making predictions can be a fool’s errand; however, AI tools are making the cloudy crystal ball a bit clearer. Mario Mirabella , CEO of MSM Digital, writes, “AI-powered predictive analytics enables us to harness the power of data and uncover valuable insights that can drive business success.

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