ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. With rapid fluctuations and uncertainty, predicting customer demand is like shooting in the dark.

Predictive Analytics Software 59

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

ThroughPut

JUNE 4, 2024

Effectively Managing inventory is a common challenge for many supply chain and manufacturing professionals. Without proper inventory management, businesses can face stockouts, overstocking, and increased operational costs, which can impact profitability and customer satisfaction. What Is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Logility

APRIL 23, 2020

So, the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. In far too many cases, forecasts are done as a fishing expedition where analysts run the data through predictive algorithms to see what “pops.” Take a data asset inventory.

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

Logility

MARCH 12, 2021

Descriptive, predictive and prescriptive analytics should be combined to optimize your demand planning processes. Data were inconsistent across groups, and despite endless graphs and tables, no one was clear on how to improve business using the information. Why are our error metrics (MAPE, MAE, etc.)

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

OptiProERP

JANUARY 17, 2024

While the overall trend is toward more integrated and flexible systems that can process voluminous amounts of data, yielding analytics and metrics for improved decision-making, a majority of manufacturers still have yet to commit to the newer, “smarter” technologies.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Design Software Supply Chain Planning Software 52

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

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.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

Supply Chain Shaman

OCTOBER 13, 2022

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. See the pattern?

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

ThroughPut

MARCH 15, 2024

It’s no wonder that a KPMG study has found that 50% of supply chain organizations plan to invest in artificial intelligence (AI) applications and advanced analytics capabilities through 2024. Are you losing money to inventory mismanagement? Thorough data cleansing significantly enhances the accuracy of AI’s predictive capabilities.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

ThroughPut

MARCH 15, 2024

It’s no wonder that a KPMG study has found that 50% of supply chain organizations plan to invest in artificial intelligence (AI) applications and advanced analytics capabilities through 2024. Are you losing money to inventory mismanagement? Thorough data cleansing significantly enhances the accuracy of AI’s predictive capabilities.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

crisp

OCTOBER 20, 2022

In this guide, we’ll show you what metrics those are, easy ways to find them, and how you can use them to accelerate your brand’s retail growth. Now that you know how to access your retail data easily and often, here are the metrics you’ll want to keep on hand: Velocity. Retail data: A brand’s greatest asset.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

ThroughPut

APRIL 30, 2024

That’s why we put together this guide – to help you get a glimpse of the best AI tools for supply chain and logistics, how to implement these tools, what to take care of and more. Strategically, it provides Chief Supply Chain Officers (CSCOs) with insights into how each decision affects the company’s finances.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. Not looking at how they work together.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Arkieva

JUNE 28, 2016

Our focus today is to discuss the relevance of buzz words such as Analytics, Predictive Analytics, Data Science, and Machine Learning, for S&OP. What is analytics? We might use “availability in Excel directly or with Add-ons” as an “age metric’.). The term analytics emerged over the last 10 years (Rose, R.

S&OP 64

S&OP Procurement Analytics Analytics Software Supply and Demand 64

Intelligent Audit

OCTOBER 27, 2022

Far from a buzzword, big data analytics in logistics and supply chain management are helping companies gain insight into their current performance while optimizing future operations. The Best Analytical Techniques Around Big Data in the Supply Chain. Inventory Predictions. One solution is to turn to big shipping data.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Logistics Viewpoints

JUNE 26, 2023

But how to do this was very ambiguous. The final goal was to develop end-to-end visibility based on leveraging data analytics. Initially, Mr. Beery found the technology intriguing, but he was not sure how to leverage their solution. This led to automated execution surrounding the predicted supply chain problems.

Supply Chain Planning Software 211

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 211

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting?

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

Logility

MARCH 21, 2023

This approach helps ensure both organizations have the visibility they need to know where risks reside, which opportunities should be seized, and how to course-correct if goals are not being met or exceeded. This information allows CSCOs to react to real-time differences between inventory levels, budgets, and fiscal projections.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimal Sourcing Scenario Planning Supply Chain Planning 130

Elementum

FEBRUARY 7, 2024

This integration allows for the automation of straightforward tasks, freeing up resources for more complex processes that require AI’s predictive capabilities and decision-making. Predictive analytics forecast potential disruptions, allowing for proactive measures to minimize delays and enhance customer satisfaction.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Kinaxis

JULY 23, 2015

by Andrew Dunbar This post concludes my inventory management blog series. Throughout this series I’ve proposed an elevated role for the inventory manager that challenges the assumption that an inventory manager is a victim of his colleagues’ business decisions and plays only a limited role in formulating inventory results.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Supply Chain Planning Software 100

ToolsGroup

DECEMBER 16, 2021

Customers are in control, and retailers who fail to accurately predict demand, buying and allocating just the right stock to just the right stores at the are doomed to fail. Inventory is retailers’ greatest asset AND liability. How lean retail impacts business goals and revenue targets. How to implement a lean retail strategy.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

QAD

JUNE 20, 2023

Operations and manufacturing managers always look at metrics on productivity, schedule adherence, downtime and other critical production data. They can collect data on production processes, inventory levels, machine performance and other relevant metrics. It also enables better demand forecasting and planning.

Optimal Sourcing 87

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 87

SCMDOJO

FEBRUARY 20, 2023

It involves various activities, such as warehousing, inventory management, transportation, and logistics. This can include examining everything from inventory management and order fulfilment to warehousing, delivery, and customer service. Optimizing inventory can also be achieved by leveraging technology and data analytics.

Inventory Reduction 104

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 104

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. As such, optimally managing your sales and inventory at Kroger is essential to grow your brand and solidify its foothold with the end consumer.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

QAD

AUGUST 29, 2023

In this blog, we will discuss why it is important to collaborate with partners within your supply chain solution, what organizations need to focus on data collaboration, and how to achieve collaborative forecasting. This may include tools such as cloud-based platforms, predictive analytics, and machine learning algorithms.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Software Forecasting Software Forecasting 93

GlobalTranz

NOVEMBER 21, 2017

Some supply chain companies are leaning on the power of analytics to help streamline their processes and get ahead of their competitors. But many companies have struggled to embrace the relationship between using analytics and implementing changes that can improve business performance. But the benefits far outweigh the challenges.

Analytics Software 173

Analytics Software Procurement Analytics Agile and Lean Supply Chain Modeling Software 173

ThroughPut

MAY 3, 2024

With the automation of various tasks and several risk forecasting and predicting techniques being used across several areas, logistics management sees a massive shift in the coming few years. The solution To help address this, the best Logistics Management Software is the one that can provide valuable real-time data on inventory.

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

ShipBob

OCTOBER 1, 2021

In this article, we’ll discuss why lean supply chains are gaining popularity, why ecommerce retailers should consider moving to lean supply chains, the best lean supply chain techniques, and how to use the right 3PL partner to help you transition to a leaner supply chain. Reduce inventory waste. What is a lean supply chain?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

RFgen

MARCH 10, 2023

Order picking is a critical process in warehouse management that involves selecting items from inventory and assembling them into customer orders. In this article, we will discuss the importance of order picking in warehouse management and how speed and accuracy impact warehouse efficiency. READ MORE: Help! My Warehouse is a Mess!

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Inventory Reduction Cost Reduction Strategies 52

Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Read Also: How To Power Up Your Retail Last-Mile Fulfillment To Meet Soaring Demand Why is Shelf Replenishment Complicated Logistically?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Waste Reduction 52

Zipline Logistics

JULY 27, 2021

Although the holiday season might seem distant, retailers begin pulling forward inventory in preparation for it starting sometime in mid-August. A strong holiday season is rolled into this prediction and is a source of substantial revenue for retailers and CPG shippers alike. This busyness typically runs through the end of the year.

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Cost Reduction Strategies 52

Unleashed

OCTOBER 31, 2023

How to optimise your workforce in four steps: Analyse your current workforce to determine what knowledge, skills, and experience they have. The three key areas where you can implement WFO in your manufacturing activities are: Production Inventory Scheduling Let’s look at a few ways you can optimise these processes.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

ShipBob

JULY 2, 2021

How to Choose a 3PL for Your Ecommerce Business. Discover how to find the best mutual fit for your business. With inaccurate forecasting, it’s easy to lose out on sales due to inaccurate inventory data, which leads to understocking or overstocking issues that result in lost profits. . Download the Guide. brand mentions).

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 98

ShipBob

APRIL 26, 2023

The upstream supply chain refers to the flow of inventory in the pre-production stage, mostly in relation to the organization’s suppliers. How to better manage your upstream supply chain As you can imagine, disruptions and delays in the upstream supply chain are often unexpected and unpredictable. Let’s get into it.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

Vanguard Software

APRIL 16, 2021

While the transformational power of AI is evident, too much faith is put into supply chain simulation platforms that are neither accurate nor predictive. This last factor, also known as predictive analytics , is the basis for successful supply chain simulation software. Scenario Planning During COVID-19.

Modeling 52

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Software 52