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Supply Chain Predictive Analytics: Benefits, Use Cases and Growth Potentials

ThroughPut

Supply chains used to live in the past. 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.”

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Predictive Analytics and Future Supply Chains

Enterra Insights

That’s why spending on supply chain advanced analytics is on the rise. Analysts from River Logic write, “The importance of supply chain analytics is demonstrated by predictions that the market will grow at a CAGR of 17.3% Cognitive technologies and predictive analytics.

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6 Ways AI Empowers End-to-End Decision Automation in Supply Chain

Logistics Viewpoints

Consequently, everyone asserts they are utilizing AI, and those in the supply chain world are no exception. How will it address “the world hunger problem” in supply chains, particularly in the context of supply chain planning? However, the question remains: how?

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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

If you’re in the business world, you’re probably always looking for ways to streamline your supply chain operations. Luckily, supply chain analytics is here to help! But like any new technology, there are hurdles to overcome when implementing supply chain analytics.

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Robots Take Center Stage at MODEX 2024

Logistics Viewpoints

MODEX is the leading trade show for supply chain, logistics, and material handling solutions in North America. Supply Chain Robotics: A Key Theme of MODEX 2024 One of the main themes of MODEX 2024 was the prominent role of robots in the supply chain.

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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. Petro goes on to predict companies failing to grasp the future risk ending up in history’s dustbin. ” Types of analytics. Descriptive analytics. 2] They are: 1.

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Can You Predict Supply Chain Disruptions in an Unpredictable World?

Logility

Make over your supply chain to get visibility into potential future disruptions. There’s always a lot at stake in supply chain management. Technology leapt to the forefront as visibility into the entire supply chain became essential. What’s a supply chain manager to do?