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

ThroughPut

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.” What Is Predictive Analytics for Supply Chain?

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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?

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2024 Predictions for Industry and Global Supply Chains- Prediction Five

Supply Chain Matters

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.

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Big Data, Analytics, and Industry 4.0

Enterra Insights

” Data and Advanced Analytics in Industry 4.0 Industry 4.0 Venkat Viswanathan ( @venkatlv ), Founder and Chairman of LatentView Analytics, explains, “There has been a lot of talk about the enormous potential and market opportunity for smart factories. In fact, it already is.” begins with connectivity.

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Trends 2024: Artificial Intelligence

Enterra Insights

Predicting the Future. Making predictions can be a fool’s errand; however, AI tools are making the cloudy crystal ball a bit clearer. Mario Mirabella , CEO of MSM Digital, writes, “AI-powered predictive analytics enables us to harness the power of data and uncover valuable insights that can drive business success.

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Big Data Analytics are Table Stakes for Digital Age Businesses

Enterra Insights

Business executives are always looking for a competitive edge and many have turned to advanced analytics to find that advantage. In the digital age, they often gamble their company’s future on the decisions they make, which is why advanced analytics have become table stakes in business. Descriptive analytics. ”[6].

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Gaining a Competitive Edge through Advanced Analytics

Enterra Insights

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.