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

SCMDOJO

JUNE 6, 2023

Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. How does data analytics help supply chain optimization? Let’s explore the roles which data analytics play in this process. Why is it crucial? Download from the below link.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

Supply Chain View from the Field

DECEMBER 16, 2013

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Not surprisingly, analytics is at the top of the list.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

GlobalTranz

SEPTEMBER 23, 2021

Pent-up demand of customers and the strong predictions for another above-average peak season has put a unique burden on truckload and parcel transportation. Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.? Reducing Reliance on Outdated Systems and Technology.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

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

GlobalTranz

OCTOBER 6, 2021

Descriptive analytics focuses on utilizing historical data to understand events that transpired and what happened within the network over a set period. Predictive analytics makes predictions about future outcomes based on historical data, statistical modeling, and machine learning.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Supply Chain Game Changer

SEPTEMBER 9, 2020

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy. Important Digital Procurement Trends.

Optimal Sourcing 58

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Procurement 58

Logistics Viewpoints

DECEMBER 5, 2022

A multi-enterprise supply chain network platform provides network-based order fulfillment applications and advanced network-based supply chain risk analytics. Yes, SAP had inbound ASN’s (advanced ship notices). In one major case in 2017, the Hanjin Shipping company was declared bankrupt by South Korean courts.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

SCMDOJO

MARCH 27, 2024

That could include AI-driven analytics, real-time tracking, and integration with loT devices. 3 Precoro Precoro simplifies procurement processes for small to medium-sized businesses. Hence, it offers an accessible and streamlined procurement solution. Cons: It is more focused on procurement. Cons: Focused on freight.

Supply Chain Design Software 73

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 73

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Using Analytics In the World of Gray.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Talking Logistics

DECEMBER 11, 2014

made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). million bbl/d in 2015.” .

Predictive Analytics Software 201

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 201

Supply Chain Shaman

MARCH 12, 2019

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. The team was seeking analytics to monitor process compliance. Advancement in analytics improves outcomes.

Prescriptive Analytics Software 173

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 173

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Procurement Experiences, Trends and the Future! These are the innovative technologies that I predict companies must use to undergo this transformation within their supply chains: Cloud-based technology deployments lower cost of ownership due to not having a large capital expenditure on hardware and upgrades. Subscribe Here!

Predictive Analytics 45

Predictive Analytics Predictive Analytics Software Supply Chain Planning Software Supply Chain Software 45

Logistics Viewpoints

JUNE 1, 2023

Consumers have gotten used to ordering more than what they are planning to keep for trying on different sizes of clothing or shoes or for trying a new brand and shipping the returns for free. And future supply chains will rely on effective data collection, advanced analytics, automation, and control towers augmented with AI/ML technology.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Intelligent Audit

AUGUST 10, 2021

Predictive planning and brilliant seasonal preparation are essential to offset the impacts of capacity issues and changes in demand and supply levels ahead of the coming economic surge. Why a Lack of Shipping Capacity Is Happening. Added Ways to Get Ready for lack of Shipping Capacity During Peak Season.

Capacity 52

Capacity Shipping Supply Chain Planning Software Predictive Analytics 52

Supply Chain Shaman

OCTOBER 13, 2022

On this tour, I heard Jeff Ma, a former member of the MIT blackjack team, speak on the use of analytics to make better decisions in “beating the house.” The outcomes are less predictable or clear. The gap between logistics and procurement; and logistics and customer service increases process latency. We are re-writing the rules.

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

Talking Logistics

APRIL 17, 2018

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?). Diagnostic Analytics (Why did it happen?).

Prescriptive Analytics Software 115

Prescriptive Analytics Software Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 115

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Source: IDC FutureScape: Worldwide Supply Chain 2022 Predictions — APEJ Implications. A procurement professional I recently spoke to said “it’s coming at us thick and fast, so we’ve got to be ready for it.” Greener Shopping and Shipping: The Rise of Carbon Neutral e-Commerce Delivery.

Supply Chain Design Software 264

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Sustainability 264

AFFLINK

MAY 10, 2016

By 2020, the market for analytics in the healthcare industry is expected to reach nearly $20 billion , with predictive analytics alone accounting for $2.3 The problem is that it’s a completely new virus: there is no historical data to base predictions on. Historical Data. Financial Data.

Predictive Analytics 48

Predictive Analytics Predictive Analytics Software Modeling Procurement Analytics 48

AFFLINK

MAY 10, 2016

By 2020, the market for analytics in the healthcare industry is expected to reach nearly $20 billion , with predictive analytics alone accounting for $2.3 The problem is that it’s a completely new virus: there is no historical data to base predictions on. Historical Data. Financial Data.

Predictive Analytics 48

Predictive Analytics Predictive Analytics Software Modeling Procurement Analytics 48

Enterra Insights

OCTOBER 31, 2023

Despite inflation and economic uncertainty, the National Retail Federation (NRF) predicts consumers will spend a record-breaking 12.2 Journalist Nate Delesline III reports, “Prosper Insights & Analytics surveyed about 8,000 people and found that 73% of them said they plan to participate in Halloween-related activities this year.

S&OP 130

S&OP Scenario Planning Predictive Analytics Supply Chain Planning 130

Logistics Viewpoints

SEPTEMBER 28, 2021

If you’re Home Depot, you reserve an entire ship for your own exclusive use. Using AI and predictive analytics, we make it possible to anticipate and mitigate the impact of disruptions and delays, whether from bad weather, port shutdowns or overloaded distribution centers. So how do we adjust to this new reality?

Rail Software 188

Rail Software Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 188

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Vanguard Software

MARCH 26, 2021

Besides raw material costs, logistics can account for anything between 5% and 50% of the total product cost , depending on where products are sourced, their value, and the shipping methods. Transportation methods Procurement Inventory policies Distribution costs Forecasting and demand planning Customer service levels.

Optimal Sourcing 52

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 52

6 River Systems

NOVEMBER 1, 2022

Using predictive analytics. The best 3PLs enable businesses to easily expand into global markets by providing regional expertise (such as applicable laws and regulations in other countries), infrastructure (such as distribution centers) and established global shipping resources (such as air freight and sea freight).

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Resource Reduction Optimal Sourcing 52

Ware2Go

FEBRUARY 20, 2023

These solutions often use real-time data and analytics to optimize the flow of goods and information throughout the supply chain. Using predictive analytics, artificial intelligence, and machine learning will enable better decision-making and reduce costs.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Supply Chain Optimization 98

Enterra Insights

FEBRUARY 13, 2019

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] Machine learning can prove useful all along the supply chain from procurement to production to marketing to after sales support.

Optimal Sourcing 124

Optimal Sourcing Columbus Procurement Analytics Predictive Analytics 124

My Office Apps

MAY 30, 2023

With features like automated reorder points and demand forecasting, distributors can streamline procurement and maintain optimal inventory levels. This integration allows for efficient picking, packing, and shipping processes, leading to faster order processing and reduced fulfillment errors.

Optimal Sourcing 78

Optimal Sourcing Inventory Management Software Supply Chain Planning Software Optimization Software 78

QAD

APRIL 26, 2022

A critical report finding is the prediction that technology investments are expected to widely increase in response to supply chain disruptions. . The supply chain expo MODEX 2022 held last month included a keynote presentation highlighting the 2022 MHI Annual Industry Report “Evolution to Revolution: Building the Supply Chains of Tomorrow.”

Supply Chain Software 93

Supply Chain Software Prescriptive Analytics Software Agile and Lean Supply Chain Logistics Network Optimization Software 93

EC Sourcing Group

NOVEMBER 15, 2022

A critical aspect of the following supply chain best practices is to have intuitive procurement software that provides insights and analytics to help navigate the uncertainty and make the best decisions for the future. Supply Chain Best Practices : The Effect of Inflation on Procurement & the Supply Chain. Labor shortages.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Supply Chain Design Optimal Sourcing 52

RFgen

APRIL 12, 2024

Even the initial purchase of inventory triggers a cascade of additional expenses, like shipping, handling, taxes, and so on. Some fees are more obvious, like shipping charges. Others are less visible, such as the cost of administrative tasks for procurement and order management. Next is the cost of storing the inventory.

Inventory Reduction 77

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 77

Precoro

APRIL 18, 2023

Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending. While businesses cannot predict everything, they can certainly improve supply chain visibility so that they have the insight to respond to whatever disruption comes their way.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

SYSPRO Smarter ERP

APRIL 13, 2022

Even before the pandemic, global supply chain were fragile thanks to factors such as the US-China trade war, less efficient shipping routes and a huge drive to cut costs by consolidating loads. Put your logistics, supply chain and procurement teams on high alert for computer viruses and increased phishing attempts.

Supply Chain Planning Software 111

Supply Chain Planning Software Price Reduction Cost Reduction Strategies Material Savings 111

Enterra Insights

JULY 31, 2019

Multinational enterprises deal with a dizzying array of paperwork involving procurement deals, purchase orders, shipping data, etc. We must embrace the possibilities of Big Data, the Internet of things, blockchain technology, predictive analytics, and the growing unrest that these things bring to the industry.”[5].

Supply Chain Planning Software 100

Supply Chain Planning Software Analytics Software Supply Chain Software Predictive Analytics Software 100

ShipBob

DECEMBER 13, 2023

Using ShipBob: ShipBob’s analytics tools provide real-time data on sales and inventory levels, allowing for accurate calculation of the turnover ratio. Supply chain inefficiencies Inefficiencies in the supply chain , such as delays in procurement, transportation, or manufacturing, can disrupt inventory flow and lead to stock issues.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Supply Chain Matters

DECEMBER 14, 2022

The Ferrari Consulting and Research Group through its affiliate, Supply Chain Matters blog unveils part two of a summarized overview of our annual prediction themes for industry and global supply chains for the year 2023 and beyond. That will have a direct impact on the dynamics of global container shipping, airfreight and logistics networks.

Supply Chain Software 52

Supply Chain Software Supply Chain Planning Software Cost Reduction Strategies Material Savings 52