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Seeing the Future with Predictive Analytics

Enterra Insights

Today, in addition to those activities, new analytical tools are available to help business leaders predict what could happen in the future. Looming risks like wars, environmental and labor regulations, natural disasters and transportation challenges are placing many retail supply chains and retail profit centers at the mercy of the unforeseen.”[1] Petro goes on to predict companies failing to grasp the future risk ending up in history’s dustbin.

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on.

How Companies Can Leverage Big Data and Predictive Analytics to Optimize the Supply Chain

Supply Chain Nation

Big data isn’t just about collecting information, but the ability to do something with it to solve a specific problem. Some logistics providers dedicate a team skilled in data science to provide insights to their customers related to inventory management, distribution center positioning or strategic asset investment. Read the full blog post , which was originally featured in Transportation & Logistics International Magazine. It takes a lot of data to make a good decision.

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.

Control Tower Visibility: Delivering Value in Transportation

Talking Logistics

Companies today are facing significant transportation challenges — tight capacity, rising rates, and more demanding delivery expectations from customers. Navigating through these challenges requires timely and accurate visibility to what’s happening in their transportation operations, which is where Control Tower visibility comes in. VP Operations at Transplace , and Ken Rogers, National Transportation Director at Nestle Waters , in a recent episode of Talking Logistics.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Some people want physical activity, some want something more intellectual or analytical, and still others want some combination of both. Freight and Logistics Human Resources Inventory Management Procurement Reverse Logistics Supply Chain Management jobs LogisticsSubscribe Here!

Want to Improve Supply Chain Performance and Profitability?

OneSCM

In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. Limitless access to this information, necessary to make critical business decisions, is not feasible if even a single data silo exists.

Want to Improve Supply Chain Performance and Profitability?

OneSCM

In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. Limitless access to this information, necessary to make critical business decisions, is not feasible if even a single data silo exists.

Next-Generation Supply Chain Visibility

Talking Logistics

How are emerging technologies like AI, machine learning, and predictive analytics helping in this effort? Much of the transportation data coming from carriers is inherently flawed. Part of the problem is that often nobody is responsible for data quality management, yet people have to use the information to run their business. So I asked Adam if newer technologies such as artificial intelligence (AI), machine learning, and predictive analytics can help.

This Week in Logistics News (January 4-8, 2016)

Talking Logistics

INTTRA Collaborates with JDA Software for Streamlined Transportation Management. According to the press release: Information presented via [the Supply Chain Information Sharing and Analysis Center] is powered by TransVoyant’s CDI™ Platform.

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6 Questions To Ask 3rd Party Logistics Companies for 2015 and Beyond

Cerasis

Companies based on assets have had years of experience in purchasing trucks and managing warehouse inventories. What Data Analytics and Business Process Strategy Services Are Offered? For example, a shipper may want to take advantage of transportation management systems (TMS), which enhance visibility and improve transportation management. What Predictive Analytics Are Available?

Uberization of Logistics Has Arrived

The Logistics of Logistics

By just registering into a logistics network through an app, ANYONE can become a valid, authentic transporter. You can get to pick and choose your transporter through the app. You are in complete control of the transportation process. Planning & Analytics.

Sailing Easy in an Ocean of Data

Enterra Insights

Big data is both wide and deep and skimming the surface never provides the insights that can be obtained through advanced analytics. For example, Hoyoung Pak, head of the transportation practice at Uptake, writes about companies “swimming in data”[2] and Deloitte analysts John Ferraioli ( @Ferraioli ) and Rick Burke discuss companies “drowning in data, but starving for insights.”[3] The usefulness of advanced analytics. Descriptive Analytics.

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Wearable Technology in the Supply Chain: 3 Core Benefits

Cerasis

If the wearable technology automatically provides the worker with information, the worker is no longer required to review paperwork and figure out his or her tasks. The best predictive analytics systems in the world are only as good as the data the process.

Deliver On-Time and In-Full with a Retail Consolidation Program

Talking Logistics

Those are the main questions I discussed with Linus Kalenze, Vice President of North American Surface Transportation, Consolidation at C.H. It’s all centered around creating a better customer shopping experience, and a big part of that is having inventory on the shelves when customers want to buy it. This requires managing upstream inventory in very different ways than previously. Where can you go to get more information on retail consolidation?

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Cloud Supply Chain Management: SCM’s Head is in the Clouds…and For Good Reason

Cerasis

In business, the cloud is enabling the growth of predictive analytics and big data processing. The cloud is making new, innovative transportation management systems (TMS) available to more shippers.

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The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

To meet this increased demands, more manufacturing and logistics partners are looking for ways to shorten product lifecycles through improving inventory management systems, changing shipping strategies and altering the fundamental ways products move from point A to point B.

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6 Manufacturing Trends to Watch Out for in 2016

Cerasis

Instead of setting up brick-and-mortar stores, or keeping inventory on hand, you can start offering this new product on your new store. Advanced Analytics Continue to Get a Bigger Plate at the Manufacturing Dinner Table.

Machine Learning and the Business of Tomorrow

Enterra Insights

Machine learning is providing the needed algorithms, applications, and frameworks to bring greater predictive accuracy and value to enterprises’ data sets and contributing to diverse strategies succeeding.”[1] ”[1] Dr. Nipa Basu ( @nipabasu ), Chief Analytics Officer at Dun & Bradstreet, adds, “Machine learning is changing the way businesses look at data and presenting new analytics opportunities for companies of all sizes.

Five Capabilities to Take the Food and Beverage Supply Chain to the Next Level

Logility

2) Multi-Echelon Inventory Optimization (MEIO). The F&B supply chain tend to be inventory rich with average days of inventory still hovering in the high 30 days of coverage range. Location-by-location and type-by-type inventory optimization produces sub-optimal results.

5 Tips for Achieving the Most Out of Your Supply Chain Data

Cerasis

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. The study, published by the MIT Sloan Management Review , asked 353 participants to discuss their understanding of their companies’ analytics systems.

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Top 8 software every FMCG company should invest in

Abivin

Recommended software: DMS Pro Information: A cloud-based DMS that helps business eliminate manual sales processes, estimate promotions precisely and control all distribution activities. A transportation management system might be the key to lessen your burden.

Supply Chain Predictions!

Supply Chain Game Changer

In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. The post Supply Chain Predictions! Subscribe Here!

Deliver On-Time and In-Full with a Retail Consolidation Program

Talking Logistics

Those are the main questions I discussed with Linus Kalenze, Vice President of North American Surface Transportation, Consolidation at C.H. It’s all centered around creating a better customer shopping experience, and a big part of that is having inventory on the shelves when customers want to buy it. This requires managing upstream inventory in very different ways than previously. Where can you go to get more information on retail consolidation?

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Demand Driven: Can We Sidestep Religious Arguments?

Supply Chain Shaman

Their definition is “Demand Driven Material Requirements Planning is a formal multi-echelon planning and execution method to protect and promote the flow of relevant information through the establishment and management of strategically placed decoupling point stock buffers.”

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Supply Chain Complexity and Technology

Enterra Insights

“In a world of big data and high customer expectations,” he explains, “the future of the supply chain rests in the predictive and prescriptive power of artificial intelligence and machine learning.”[2]. He explains, “Telematics plays a critical role in trucking, allowing drivers to complete more jobs in fewer hours and miles with real-time visibility into important details like vehicle location, live traffic data and route analytics. Advanced analytics.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017

Cerasis

Online sales grew 12 percent in 2016, and growth is forecasted for 2017, reports Ludger Schuh of the Inventory and Supply Chain Blog. Thus, management teams must have access to immediate freight and shipping rates and information, allowing better consolidation and optimization of incoming and outgoing shipments. 2017 will not be a bed of roses for third party logistics service providers, nor will the coming year be filled with thorns in the sides of major supply chain entities.

Analytics in Distribution and Manufacturing Taking Center Stage

Cerasis

Analytics has been a buzzword in recent years. Everyone seems to be clamoring to get on the big data and analytics train. Part of this drive toward more interest in analytics in distribution and manufacturing comes from the ability of analytics to reduce inefficiencies dramatically and increase productivity in both physical and virtual sales environments. How Are Analytics in Distribution and Manufacturing Being Used?

The 2017 State of Logistics Report: Uncertainty, Unsustainabiltiy Usurp Logistics  

Cerasis

Despite the fears noted in the 2017 State of Logistics Report, some areas of the transportation industry are growing at excellent rates. Furthermore, parcel and small-package shipping has now eclipsed rail as the second-largest mode of transportation, increasing 10 percent to $86.3

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Experts Choice Of Top Online Logistics Resources

Freightos

Transport Intelligence, the well-respected U.K. The newest addition to the scene, the WSJ’s Daily Logistics Report combs through the business and logistics articles published by the WSJ team, providing a daily email at 6am EST with key information. Transport Topics.

My Take: Let’s Admit Seven Demand Management Mistakes of the Last Decade

Supply Chain Shaman

Companies are the most satisfied with warehouse and transportation management and the least satisfied with demand planning. What we find is that we have actually moved backwards over the course of the last ten years on growth, operating margin and inventory turns.

Preparing Your Supply Chain for the Omni-Channel World (Part 3): Capturing and Reacting (in Nearly Real Time) to Moments of Truth

Supply Chain Nation

Transportation. Through store-level, point-of-sale (POS) data, transactional logs and loyalty card information, budgets and financial projections can be realigned in real time with business opportunities.

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6 Strategies for Better Supply Chain Management in the Current Economy

Oracle SCM

The pace of change hasn’t slowed, and now the Internet of Things , digital operating models, and predictive analytics are further enhancing the end-to-end capabilities of the business. They prioritized projects that reduced inventory and logistics expenses.

Is Your Supply Chain Skating to Where the Puck Is Going to Be?

Supply Chain Nation

Predictive analytics and self-learning supply chain algorithms could evolve rapidly here.”. Today, predictive analytics that capture signals via a digital hub can credibly tell you “where the puck is going to be.”

50 expert tips on logistics planning and strategy

6 River Systems

“Steady progress is being made though, aided by web technology that helps companies share information, systems integration for seamless supply chain handoffs, and perhaps most importantly, by the fearlessness of pioneering organisations. The need to predict demand is fairly obvious.