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

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

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Logility

AUGUST 31, 2022

It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Disruption Optimal Sourcing Inventory Reduction 130

SYSPRO Smarter ERP

NOVEMBER 1, 2021

By establishing a B2B e-commerce system, manufacturing companies provide greater flexibility, better inventory management, and decrease the likelihood of human error. Having accurate and real-time visibility into inventory levels will provide additional advantage. Leveraging on predictive analytics and data for decision making.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

NC State SCRC

JANUARY 1, 2023

As I’ve done in prior years, I’ll make a few predictions based on what happened in 2022 – and what I think it means for 2023. These predictions are perhaps not completely original – but they represent what I think will be important guidelines for supply chain executives to consider. .”

Predictive Analytics Software 94

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Pharmaceutical 94

ThroughPut

MAY 14, 2024

Perhaps there is no bigger pushback that AI and data analytics companies get from industrial companies than “we don’t have data”. All the accounting systems, worker time logs, payroll slips, inventory ledgers, bank ledgers – anything with transaction data (a recorded) event is data. Did You Know?

Prescriptive Analytics Software 52

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

Enterra Insights

AUGUST 15, 2023

The so-called “retail apocalypse” was deepened by the pandemic, then came inventory overload and inflation. Big Data Analytics and AI are at the forefront of this technological revolution, offering unprecedented opportunities for retailer agencies and agents to optimize their operations and enhance customer experience.”[1]

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Optimization 130

Requis

FEBRUARY 19, 2021

He is based in Germany, and, as a founding partner of the supply chain practice at McKinsey & Company , consults on a variety of supply chain-related business problems, including S&OP and advanced analytics. The constraint was capacity and this was a challenge since it was leading to shortages in inventory.

Predictive Analytics 52

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

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. Or in some cases, there are so many data sources and raw data it can feel overwhelming, leading to inaction and not getting the most out of the 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. What a Supply Chain Digital Transformation Means Unsurprisingly, a company as large as Mars has a highly complex supply chain involving global sourcing, manufacturing, and distribution.

Supply Chain Planning Software 211

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

GlobalTranz

APRIL 20, 2021

A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. To build supply chain resiliency, leaders should consider these factors: Buffer inventory and shift away from JIT.? Your plan should address technology, processes, and people.

Supply Chain Planning Software 288

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design Software Sourcing Strategies 288

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

Intelligent Audit

MAY 27, 2021

Many businesses in the transportation and logistics industry use retail supply chain analytics to predict the future. By leveraging historical information and data, experts can predict how to optimize revenue. Using these analytics can be incredibly helpful for even the most inexperienced practitioner.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Modeling 52

Intelligent Audit

MAY 27, 2021

Many businesses in the transportation and logistics industry use retail supply chain analytics to predict the future. By leveraging historical information and data, experts can predict how to optimize revenue. Using these analytics can be incredibly helpful for even the most inexperienced practitioner.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Modeling 52

Logility

OCTOBER 29, 2021

To optimize throughput and capacity utilization, process manufacturers must effectively manage inventory, apply predictive analytics, and gain supply chain transparency through digital transformation. Is inventory keeping up with demand? How much of a particular ingredient do you really need?

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

The Network Effect

MAY 4, 2015

The automated routines analyse partial period actual demand and execute short-term forecast adjustments using a combination of heuristics, probabilistic pattern recognition, and predictive analytics. Advanced statistical analytics identify and rapidly react to replenishment issues or sudden changes in customer demand.

Supply and Demand 100

Supply and Demand Demand Planning Software Data Forecasting 100

ShipBob

NOVEMBER 29, 2023

These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory. What is ghost inventory?

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

Locus Robotics

MARCH 9, 2023

Robots can safely handle multiple tasks, including moving boxes and pallets, simple assembly, inventory counts, maintaining equipment, and product testing. AI and ML can be applied to inventory management, demand forecasting, freight route planning, and much more.

Supply Chain Software 52

Supply Chain Software Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. China was the source of over 90% of PPE.) I continue to think about the COVID-19 recovery and how to help clients. Another is looking at hospital bed utilization to predict market baskets. Don’t expect demand to be predictable. It is tough. Here I share my thoughts.

Supply Chain Planning Software 459

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 459

Vanguard Software

MAY 18, 2021

Digital platforms offer significant benefits over spreadsheets for inventory management. However, for companies that want to benefit from predictive analytics and seamless collaboration, spreadsheets do not offer sufficient functionality to keep up with the growing complexities of the supply chain world. Webinar: Register Now.

Inventory Management Software 52

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory Reduction 52

Vanguard Software

MAY 18, 2021

Digital platforms offer significant benefits over spreadsheets for inventory management. However, for companies that want to benefit from predictive analytics and seamless collaboration, spreadsheets do not offer sufficient functionality to keep up with the growing complexities of the supply chain world. Webinar: Register Now.

Inventory Management Software 52

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory Reduction 52

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

QAD

JUNE 20, 2023

They can collect data on production processes, inventory levels, machine performance and other relevant metrics. Predictive Maintenance and Reduced Downtime Connected devices and sensors on the shop floor can provide valuable insights into equipment performance and health. It also enables better demand forecasting and planning.

Optimal Sourcing 87

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

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

Intelligent Audit

FEBRUARY 5, 2021

And advanced analytics are the latest focal point for s upply chain optimization. The best way to gain this visibility is through advanced analytics and robust reporting. Advanced Analytics Offer Enhancements Across the Spectrum of Transportation Management Needs. Added use cases for applied analytics to boost customer service.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 52

Logility

MAY 26, 2022

25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain. The bullwhip effect creates a demand-constrained supply chain marked by excess inventory, production planning problems, and even adversely affects customer service. So how do you manage a supply chain with demand constraints?

Demand Planning Software 173

Demand Planning Software Supply and Demand Modeling Supply Chain Planning Software 173

ThroughPut

MARCH 25, 2024

Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. Demand forecasting is the process of predicting future customer demand for a product or service. What is Demand Forecasting? What are the Benefits of Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning 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

Logility

APRIL 21, 2020

In fact, demand forecasts are used throughout the supply chain including supply chain design, purchasing, operations, inventory, and sales and marketing. In large part due to computer processing power, new advances in forecasting and the abundance of new data sources have helped to increase forecast reliability.

Forecasting 157

Forecasting Optimal Sourcing Forecasting Software Modeling 157

ToolsGroup

OCTOBER 3, 2022

How to Hire in a Labor Shortage and Meet Customer Expectations. Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” Source: Bloomberg.com. Hiring Halts and Reductions.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

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

Unleashed

JUNE 4, 2024

Common examples of these processes include vendor sourcing, supplier management, and purchase order management. Vendor sourcing: Researching, evaluating, and choosing the best suppliers for your requirements. Consignment inventory Consignment inventory is a procurement strategy wherein a supplier provides their goods without charge.

Procurement Solutions 52

Procurement Solutions Manufacturing Procurement Optimal Sourcing Procurement Analytics 52

Supply Chain Shaman

JUNE 2, 2020

Supply chain management as a discipline—a set of flows combining the processes of source, make and deliver together to drive value– is relatively new. Instead, all of the disruptions to date had a predictable pattern: a devastating blow, a set of shock waves, and the re-establishment of a new normal. The answer? Drive Insights.

Supply Chain Design Software 264

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Design 264

ToolsGroup

SEPTEMBER 13, 2016

In our last blog , we discussed how Amazon’s low-cost service times, and the pressure that places on supply chains. Today’s blog analyzes how to compete in this multichannel environment that requires serving the customer in ways that remove the barriers that make consumers think twice about making the purchase.

Supply Chain Software 120

Supply Chain Software Optimal Sourcing Supply Chain Planning Software Modeling 120

ShipBob

MAY 6, 2022

This post takes a closer look at the biggest wholesale supply chain challenges and how to resolve them. Combined with a lack of supply chain forecasting , you’ll have a hard time accurately forecasting how much inventory you will need in the near future. Inventory overstocking. What is meant by wholesale supply chain?

Supply Chain Software 52

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

EC Sourcing Group

OCTOBER 26, 2021

In modern times, you’ll see many cases of global sourcing in supply chain management, which has been made possible through the use of information technology in supply chain management. How to Use Information Technology in Supply Chain Management: Supply Chain Software Features. Inventory management. Cost reduction.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 52