4 Big Benefits for the Use & Implementation of Predictive Analytics In Manufacturing


The predictive analytics of the past are becoming more apt and intellectual, powering a new age in manufacturing. Additionally, major manufacturers are working to prioritize predictive analytics and use them to improve production. Supply chain models are evolving.

Final Mile Delivery: The Role of TMS and Predictive Analytics

Talking Logistics

How can technology, specifically transportation management systems and predictive analytics, help shippers and third-party logistics providers (3PLs) excel in this area? Karen says, “Predictive analytics can help shippers and transportation companies to analyze past trends, including delivery times, quality and costs, to estimate future needs, to evaluate which couriers to use, and to reroute or change delivery times for better efficiency and service.”.

Predictive Analytics becoming a Mainstream Business Tool

Enterra Insights

Predictive analytics is a topic you are likely to hear a lot more about in the years ahead. Predictive analytics … Continued. The post Predictive Analytics becoming a Mainstream Business Tool appeared first on Enterra Solutions.

Predictive Analytics: Promising or Scary?

Enterra Insights

The post Predictive Analytics: Promising or Scary? “Big Data is both an over-hyped buzzword and a real trend,” writes Gregory Piatetsky (@kdnuggets), President of KDnuggets, “reflecting the … Continued. appeared first on Enterra Solutions.

The 4 Stages of Supply Chain Analytics

and advanced analytics. Supply Chain Analytics Maturity Model 2 The Stages Supply chain leaders are wanting their organizations to be data-driven. stage 1) to prescriptive and forward-looking analytics to drive meaningful. 3 Stage 1 Descriptive Analytics (What happened?)

How VR, 3D Printing & Predictive Analytics in the IOT are Currently Powering the Manufacturing Industry


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. The use of predictive analytics has the potential to dramatically reduce expenses in the manufacturing sector, particularly with respect to proactive machine maintenance.

Predictive Analytics: Businesses’ Crystal Ball

Enterra Insights

“What if you could predict what products or services your customers wanted before they did,” asks Dr. James Canton (@futureguru), … Continued. The post Predictive Analytics: Businesses’ Crystal Ball appeared first on Enterra Solutions. Artificial Intelligence Big Data Business Cognitive Computing Supply Chain Technology Enterra Solutions Stephen DeAngelis

[Webinar] Using Predictive Analytics to Drive Sales and Delight Customers


In today’s data-driven world, we’ve become accustomed to companies predicting what we need even before we think we need them. Similarly, Netflix can predict the type of movies that you might enjoy based on your previous TV watching habits. Companies such as Netflix and Amazon take advantage of predictive and prescriptive analytics to increase customer engagement and sales. Events Predictive analytics webinar

Predictive Analytics & Omnichannel Supply Chain Management

Supply Chain 24/7

Predictive analytics with omnichannel supply chain management make up one of the most in-demand topics in modern supply chain management, but it only functions when a thorough, integrated process for data collection, identification, and analysis exists

The Power of Predictive Analytics


The Power of Predictive Analytics. According to KPMG’s 2016 Global Consumer Executive Top of Mind Survey , the use of predictive analytics will double by 2018, with 46% of companies planning to use advanced analytics to sense and shape demand within the next two years. In a recent Supply & Demand Chain Executive webinar , we took a deeper dive on how predictive analytics such as demand sensing can help control volatility.

End to End Supply Chain Visibility - Solving The Data Problem

artificial intelligence to provide predictive. analytics via a cloud-based application that. provides real-time, end-to-end, predictive. 1DIGITAL TRANSFORMATION, END-TO-END VISIBILITY, AND. THE "DATA PROBLEM". Given the macroeconomic cl imate and the.

ArcelorMittal Optimizes Supply Chain Logistics with Predictive Analytics

Logistics Viewpoints

Michel Plourde, Systems Director at ArcelorMittal Canada, recently briefed ARC Advisory Group about the supply chain challenges surrounding the company’s decision in 2012 to expand its iron ore pellet production in Canada. These challenges largely involved eliminating logistics bottlenecks created by an inability to adapt quickly to disruptions and changes to plans.

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

Supply Chain Nation

3PL Logistics Supply Chain big data predictive analytics third-party logisticsIt takes a lot of data to make a good decision. And for decision making within the supply chain, big data can provide insights for companies and enable them to make better decisions. Big data is defined as extremely large datasets, structured and unstructured, that reveal patterns, trends and correlations.

Tapping into Big Data to Enable Actionable Supply Chain Visibility and Predictive Analytics

Supply Chain Nation

And while unplanned disruptions will always occur, the emergence of newer technologies provides the ability to predict potential future disruptions and act on them accordingly, moving to a more proactive view of visibility. TransVoyant is at the forefront of the predictive analytics space. Their proprietary machine learning algorithms analyze these massive big data streams in real-time to produce live and predictive insights that help companies achieve competitive advantage.

Predictive Analytics and Machine Learning Technology Continues to Make a Presence

Supply Chain Matters

Last week, Supply Chain Matters shared our initial impressions of PTC’s LiveWorx 2015 conference, which had a sole focus on the emergence of Internet of Things technology. For us, one of the more interesting notions of PTC’s IoT strategic portfolio was the announced acquisition of ColdLight. According to PTC’s briefing with press and analysts, the […].

Removing the 3 Barriers to Building a Predictive Supply Chain

in Predictive Logistics ClearMetal Inc. Each handoff and decision is based on a prediction of outcomes and every event has. Orchestration requires better predictions. Accurate predictions require. Can machine learning really help predict. Predictive Logistics is.

Final Mile Delivery: How Predictive Analytics Can Drive Improvement

Talking Logistics

Can you give some examples of how predictive analytics can drive improvement in final mile delivery? Podcast version (click to play): The post Final Mile Delivery: How Predictive Analytics Can Drive Improvement appeared first on Talking Logistics with Adrian Gonzalez.

The Limitations of Predictive Analytics Tools and Why Execs Should Care

River Logic

Most people are familiar with predictive analytics. In short, predictive is there to answer the question “what is the likelihood that x, y, or z will happen based on the data I have?”. While this is a useful — and in many cases essential — question to answer, the main limitation of predictive analytics isn’t the analytics itself…It’s how a business responds when the “likelihood” of a good/bad event occurring reaches a certain threshold that requires action.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

Artificial Intelligence (AI) and Predictive Analytics are also now increasingly being applied in order to make sense of, and best utilize all of these data sources, which are now clearly beyond the capability of human operators to manipulate, analyze, determine insights and then take action from in any kind of a timely manner. When it comes to examples of Predictive Analytics firms focused on supply chains Elementum and ClearMetal are just a couple that come to mind.

Mitigating the Effect of Natural Disasters on Your Supply Chain

Talking Logistics

The key to answering those to questions: actionable data and predictive analytics. Predictive Analytics Enabling Risk Mitigation. It has certainly been evident this year that natural disasters can significantly disrupt the supply chain.

Predictions on Predictive Analytics in Procurement


What is predictive analytics? 5 predictions on the impact that predictive analytics will have on the future of procurement. What procurement leaders should be thinking about as they consider building greater data and analytic capabilities. I was recently interviewed by Phillip Ideson of the “Art of Procurement” webcast. I met Phillip at the ISM Global Procurement Tech Summit about a month ago, and he invited me to join the show.

Predictive analytics in procurement means using whatever data is available


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. Prediction requires a deep understanding of the technical and commercial attributes of the supply chain ecosystem, as well as advanced statistical and modeling capabilities.

What is the difference between forecasting and predictive analytics anyway?

Blue Ridge

First, let's look at the origin of the words: forecast is a Germanic word, whereas predict is a Latin word. Predicting is Latin. Predictive Analytics takes a similar, more humanistic approach. Predict the Actor, not the Widget. View From The Ridge: 69.

Presenting Predictive Analytics and Machine Learning Use Cases in the Planning and Decision Support Process.

River Logic

Are you up to date with how predictive analytics and machine learning could help your business? Advanced Analytics predictive analytics Machine Learning

Moving Beyond Key Performance Indicators

Supply Chain Matters

In our prior Supply Chain Matters posting we called attention to the evolving attraction for leveraging predictive analytics in supply chain decision-making practices which has added to the continued pent-up demand for data scientists. We highlighted a guest contribution indicating that big data and more predictive analytics capabilities can be non-effective if not preceded by […].

Supply Chain Matters Interviews Irfan Khan- CEO of Bristlecone

Supply Chain Matters

We had the opportunity to speak with Irfan Khan, President and CEO of specialized supply chain and analytics business advisory and […]. Internet of Things Predictive Analytics Supply Chain Planning Supply Chain Technology Bristlecone Inc. predictive analytics in supply chain planning specialized supply chain planning systems integrators specialty systems integrators focused on supply chain planning Supply chain Matters blog supply chain systems integrators

Predictive Commerce as an Enabler of Distribution Sensitive Industry Supply Chains

Supply Chain Matters

The term Predictive Commerce has been brought forward in the context of connecting up and downstream, Omni-channel product demand sensing with an integrated, single-model, end-to-end supply chain planning and execution. In some sense, it can be viewed as an enhanced iteration of demand-driven supply chain response capability for complex distribution and long-tail product demand environments. […].

Applying the Laws of Forecasting to Predictive Analytics


We met at the United Club in Chicago, as he was on his way back from a visit with Honda, and met to discuss the upcoming study I will be working on with him on procurement analytics for the Center for Advanced Purchasing Studies later this summer. We had a chance to catch up on a great number of things, but one that sticks in my mind is the discussion on predictive analytics and forecasting.

While Slowdown in China Attracts Attention- Focus on a Holistic and More Predictive Planning Perspective

Supply Chain Matters

China Supply Chain Strategy Industry Specific Supply Chain Challenges Predictive Analytics Procurement and Sourcing Sales and Operations Planning Supply Chain Business Intelligence Supply Chain Planning economic slowdown in China independent blog analysis and insights on supply chain management supply chain industry analyst advisory services Supply chain Matters blog supply chain predictive analytics

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The Data Needed to Transform Supply Chains

Talking Logistics

The Hackett Group provides a useful visual for describing the maturity stages that supply chain is moving through as the industry strives to leverage data and advanced analytics. Supply Chain Analytics Maturity Model (Source: Hackett Group). Descriptive Analytics (What happened?).

Data 173

Podcast Episode 40: Bringing Transformational Value in IOT and Predictive Analytics w/ Scott Byrnes


ICECORP is excited to share Episode 40 of the " 2 Babes Talk Supply Chain " Podcast! Supply Chain Work

Top Ten Most Read 2015 Supply Chain Matters Content

Supply Chain Matters

This Editor had the opportunity to view our Supply Chain Matters readership analytics (thanks to Google Analytics) for all of 2015 and can now share our ten most popular 2015 commentaries during the year. In reverse order: Number 10 Highlights of the APICS Annual 2015 Conference held in Las Vegas in October, and specifically […].

IBM Closes its Most Important and Far Reaching Acquisition- The Weather Company

Supply Chain Matters

If you have had the opportunity to view this author’s prior conference presentations on future technology trends in supply chain management you might have recalled my references to the technology-enabled data analytics services related to The Weather Company and its implications as to how industry supply chains can literally predict future product demand needs by […].

Supply Chain Matters Update on Analytics Services and Software Provider Lokad

Supply Chain Matters

Sales and Operations Planning Service Parts Planning Service-centered Supply Chains Supply Chain Planning Supply Chain Technology cloud computing trends in supply chain management Lokad Microsoft Azure predictive analytics in supply chain management predictive analytics in supply chain planning supply chain industry analyst advisory services supply chain industry analyst Bob Ferrari Supply chain Matters blog supply chain planning services and software provider Lokad

The Power of Predictive Analytics

Supply Chain 24/7

According to KPMG’s 2016 Global Consumer Executive Top of Mind Survey, the use of predictive analytics was set to double by 2018

Supply Chain Segmentation Educational Webcast Now Available On-Demand

Supply Chain Matters

Earlier this week, this author had the pleasure of delivering a JDA Software sponsored webcast titled: Supply Chain Segmentation- The Key to More Predictable and Profitable Business Outcomes. We have since received positive feedback regarding the content.