Remove Food Remove Manufacturing Remove Metrics Remove Predictive Analytics
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Supply Chain Predictive Analytics: Benefits, Use Cases and Growth Potentials

ThroughPut

Thanks to the more advanced forms of supply chain analytics like predictive analytics, supply chains are proactively looking into the future and prepping for “what is to come” rather than only ruminating over “what already happened.” What Is Predictive Analytics for Supply Chain?

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Prescriptive Analytics for Supply Chain Optimization: 6 Powerful Use Cases 

ThroughPut

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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Strategy. Strategy. Wherefore Art Thou Strategy?

Supply Chain Shaman

The use of descriptive analytics along with agile planning techniques (what-if analysis, discrete event simulation, and network design) helped. Analytics investments are essential. We find that companies with an analytics center of excellence drove progress faster than those with a supply chain center of excellence. Responsive.

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2021 Manufacturing Trends Revealed by the Pandemic

QAD

As the new year unfolds, manufacturers are continuing to learn lessons from 2020’s pandemic and looking for 2021 manufacturing trends. If 2020 taught manufacturers anything, it’s to find nimble answers to make course corrections during an emergency, a nearly impossible feat. Predicting 2021 Manufacturing Trends.

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No Time Like the Present

Supply Chain Shaman

On this tour, I heard Jeff Ma, a former member of the MIT blackjack team, speak on the use of analytics to make better decisions in “beating the house.” The outcomes are less predictable or clear. The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. Closed Loop.

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Decline In Performance in Consumer Products. Are You To Blame?

Supply Chain Shaman

On Thursday morning, I began an engagement with a food manufacturer attempting to drive “Supply Chain 2.0. Over the years, the supply chain capabilities increase for high volume and very predictable products, but not for the shift in product mix for higher demand variability. Shift functional metrics to focus on reliability.

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Optimize Demand Planning with AI: Plan Product Mix & Sales Forecasts Effectively

ThroughPut

However, the pandemic upended all processes that involved manufacturing, supply, and delivery of goods. Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. Delayed delivery of performance metrics and consumer behavior sets off a chain reaction of excess, wastage, and loss of profits.