Talking Logistics

JULY 2, 2018

How can technology, specifically transportation management systems and predictive analytics, help shippers and third-party logistics providers (3PLs) excel in this area? The post Final Mile Delivery: The Role of TMS and Predictive Analytics appeared first on Talking Logistics with Adrian Gonzalez.

Predictive Analytics 101

Predictive Analytics Predictive Analytics Software Analytics Software Analytics 101

Supply Chain Matters

JANUARY 17, 2024

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares excerpts of our fifth prediction that will be included in our Annual 2024 Predictions for Industry and Global Supply Chains Research Advisory. In this posting, we share excerpts of our fifth prediction.

Predictive Analytics Software 52

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

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.”

Predictive Analytics Software 113

Predictive Analytics Software Predictive Analytics Analytics Software Modeling Software 113

ToolsGroup

MARCH 3, 2022

And even though meteorology has come a long way, weather is a notoriously fickle and uncontrollable factor, and no forecaster can reliably predict it beyond the next few weeks. How to Use Weather Analytics in Retail Forecasting. What are the Benefits of Using Weather Analytics in Retail Forecasting?

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Supply Chain Shaman

FEBRUARY 4, 2018

A strained request from a marketing director for a software company ensued, “You did not list us in your analytics report, and we want to know why.” Had I been clear in the taxonomy of the recent supply chain analytics report?” Today, when you say the term analytics, the thought in many supply chain leaders is still “reporting.”

Prescriptive Analytics Software 214

Prescriptive Analytics Software Analytics Software Predictive Analytics Supply Chain Planning Software 214

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. Connected Products Are Increasing in Number.

Manufacturing Procurement 120

Manufacturing Procurement Predictive Analytics Procurement Analytics Predictive Analytics Software 120

Logistics Viewpoints

JUNE 9, 2022

Here, it’s extremely difficult to predict which sales volume will be reached for which goods. Before the peaks – using data analytics to make the right decisions. Both predictive and retrospective data analyses are key in making fundamental decisions and defining logistics strategies. Balancing the workload – the real challenge.

Logistics Network Optimization Software 224

Logistics Network Optimization Software Analytics Software Optimization Software Forecasting Software 224

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?

Prescriptive Analytics Software 40

Prescriptive Analytics Software Predictive Analytics Predictive Analytics Software Analytics Software 40

Intelligent Audit

NOVEMBER 10, 2020

Advancements within shipping analytics platforms, including artificial intelligence, parcel and freight analytics , data management, and machine learning, are reshaping the supply chain. The promised results from advancements within shipping analytics are still subject to significant challenges.

Analytics Software 72

Analytics Software Predictive Analytics Analytics Predictive Analytics Software 72

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?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Arkieva

OCTOBER 10, 2018

How to determine when to use a best-fit analysis and when to use prediction techniques for demand forecasting analysis. Demand Forecasting Analytical Methods: Fit Vs. Predict was first posted on October 10, 2018 at 11:45 am.

Forecasting 60

Forecasting Predictive Analytics Supply and Demand Analytics 60

Enterra Insights

FEBRUARY 19, 2020

Although each of these activities has value, new analytical tools are available to help business leaders predict what could happen in the future and assist them in deciding how to proceed. As AI and machine learning continue to develop, the way we use analytics also continues to grow and change. Types of analytics.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 100

Logistics Viewpoints

JULY 30, 2020

This article comes from Vivek Vaid, CTO at FourKites, and examines how to predict accurate shipments ETAs. Predictive intelligence is a big deal these days. The post Editor’s Choice: 5 Ingredients for Predicting Accurate Shipment ETAs appeared first on Logistics Viewpoints.

Predictive Analytics 141

Predictive Analytics Supply Chain Logistics Data 141

ThroughPut

DECEMBER 22, 2023

If so, you can’t overlook the critical question of how to eliminate bottlenecks in manufacturing. In this article, we go a step further to show you why it might be time to empower plant managers with supply chain analytics. Are you striving to maximize your production capacity? Not so much.

Resource Reduction 52

Resource Reduction Expense Reduction Cost Reduction Strategies Inventory Reduction 52

ThroughPut

FEBRUARY 23, 2024

With rapid fluctuations and uncertainty, predicting customer demand is like shooting in the dark. Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. You can identify near-term market shifts with greater precision.

Predictive Analytics Software 59

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

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

Logility

FEBRUARY 8, 2023

However, it is misleading when you try to predict what you will spend in the next period. At Logility, we believe that using market reference data is more statistically sound than relying on historical data from one customer. Yes, this data is comforting in that it reconciles back to accounting numbers.

Modeling 130

Modeling Optimization Modeling Modeling Software Network Optimization Software 130

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. The global supply chain analytics solution market is approaching $5B annually with a 15% Compound Annual Growth Rate (CAGR). The Rise of Continuous Planning.

Supply Chain Planning Software 140

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

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.” One may ask, “What’s next?”

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

Enterra Insights

JANUARY 18, 2024

When done right, there are endless possibilities to garner knowledge by training the brain on how to distill problems into their essence and think with clarity in order to find the best solutions.”[4] Predicting the Future. Beck predicts, “AI will set a new pace of development in robotics and automation.

Trends 264

Trends Predictive Analytics Software Modeling Software Optimization Software 264

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

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

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

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. Today we would use demand sensing, machine learning (ML), and other tools to predict demand. Yes, that’s fair.

Predictive Analytics 52

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

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. This article explains what it is, how to measure and improve it, and how to improve your OTIF rate. What is On Time in Full? Lift operational efficiency.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

ShipBob

DECEMBER 13, 2023

By the end of this article, you’ll gain insights into which inventory health indicators you should be monitoring, how to overcome common inventory management hurdles, and see how a third-party logistics provider like ShipBob can help. These metrics provide valuable insights into how well your inventory is managed.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

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

Supply Chain Shaman

DECEMBER 27, 2022

It combines robotics, analytics, and the Internet of Things (IoT). When asked how to drive interoperability, I replied, “There is no good template. In contrast, SAP touts an integrated cloud-ready portfolio that includes predictive analytics, automation, and IoT capabilities. How will jobs change with this evolution?

Supply Chain Software 393

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 393

SYSPRO Smarter ERP

NOVEMBER 1, 2021

With one universal touchpoint, businesses can have full visibility of inventory levels along with backend systems to handle procurement and sourcing policy changes, distribution, and lead time planning as well as analytics providing data real-time to support improved decision-making. Maintaining competitive advantage.

Manufacturing Procurement 111

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

NC State SCRC

FEBRUARY 27, 2018

Predictive analytics is still relatively new in procurement, but it’s increasingly important, particularly in organizations that have already been through the cycle of spend analytics, supplier leveraging, segmentation, and consolidation. Many executives we interviewed in our research responded “yes”. Absolutely.

Predictive Analytics 40

Predictive Analytics Analytics Software Predictive Analytics Software Analytics 40

Logistics Viewpoints

MAY 11, 2023

How the digital twin concept drives benefit By using advanced analytics and machine learning algorithms, digital twins can provide real-time insights and recommendations to optimize operations, reduce costs, and increase productivity. Most modern WMS’ provide forecasting and analytics. come with any of them.

Modeling 236

Modeling Analytics Software Supply Chain Design Software Optimization Software 236

Locus

JUNE 16, 2023

Read also: How to Calculate the Cost of Transport 2. Emissions from urban last-mile deliveries are predicted to increase by 30% in 100 cities globally by 2030. Read also: What Makes Every Delivery More Efficient Than the Last How to reduce delivery costs of last-mile?

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Price Reduction Inventory Reduction 98

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? The term analytics emerged over the last 10 years (Rose, R. 2016, “Defining Analytics: A conceptual Framework” ORMS Today pp.

S&OP 63

S&OP Procurement Analytics Analytics Software Supply and Demand 63

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. Teams were disappointed. Here’s where they help.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191