Supply Chain View from the Field

DECEMBER 16, 2013

I visited the BVL Kongress in Berlin, and also attended the International Institute for Analytics ”Chief Analytics Officer” meeting last summer. We just finished hosting over 150 executives at our Supply Chain Resource Cooperative, with a theme on Supply Chain Analytics.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

AIMMS

FEBRUARY 9, 2017

If you’ve read up on the latest topics in the field of data analysis, then you’ve probably encountered the term Prescriptive Analytics. Prescriptive Analytics is a type of Advanced Analytics that results in a recommended action. Supply chain teams are curious about adopting Prescriptive Analytics and exploring the benefits.

Prescriptive Analytics Software 156

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 156

GlobalTranz

NOVEMBER 30, 2021

Analytics provides visibility into your transportation network and operations. Analytics and market intelligence that enables businesses to make data-driven decisions is especially valuable for an industry marred with the effects of? Harvard Business Review Analytic Services study?report Forecast Demand?with?Analytics.

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

AIMMS

FEBRUARY 9, 2017

If you’ve read up on the latest topics in the field of data analysis, then you’ve probably encountered the term Prescriptive Analytics. Prescriptive Analytics is a type of Advanced Analytics that results in a recommended action. According to Gartner’s Forecast Snapshot , the Prescriptive Analytics software market will reach $1.1

Prescriptive Analytics Software 120

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Optimization Software 120

LevaData

JANUARY 23, 2020

Although there’s no shortage of annual predictions at this time of the year, we wanted to share some trends that consistently come up on our platform, across our customers and in the news. Risk management will evolve into a core strategic sourcing discipline. To manage, sourcing professionals will have to find ways to adapt.

Predictive Analytics Software 52

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Negotiating Skills 52

Logistics Viewpoints

MARCH 19, 2024

Bridging this technological divide requires a concerted effort to harmonize data flows and establish a unified source of truth. This is how you begin to predict disruptions, mitigate their impact, and automate responses with greater speed and efficacy.

Supply Chain Planning Software 248

Supply Chain Planning Software Scenario Planning Supply Chain Planning Prescriptive Analytics Software 248

Elementum

DECEMBER 14, 2023

As intelligent systems learn from data, they become better at predicting outcomes, streamlining operations, and enhancing customer experiences. By leveraging machine learning algorithms and data analytics, businesses are able to automate complex tasks that were previously manual, enhancing efficiency and productivity.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Requis

FEBRUARY 19, 2021

He is based in Germany, and, as a founding partner of the supply chain practice at McKinsey & Company , consults on a variety of supply chain-related business problems, including S&OP and advanced analytics. Today we would use demand sensing, machine learning (ML), and other tools to predict demand. Yes, that’s fair.

Predictive Analytics 52

Predictive Analytics Predictive Analytics Software Analytics Software Supply Chain Planning Software 52

Locus

MARCH 30, 2023

Your business needs data that reflects on-ground reality to build cost-effective plans for the final mile, and the need for advanced supply chain analytics arises here! This led him towards advanced analytics to make optimal decisions in selecting and managing players. A study says retail e-commerce sales will reach 8.1

Predictive Analytics 52

Predictive Analytics Analytics Software Optimal Sourcing Analytics 52

Material Handling & Logistics

JANUARY 10, 2018

While predicting the future is never an easy task, in order to be competitive all businesses need to be able to accurately anticipate what trends will affect them in the coming year. According to a recent study by Pew Research study, 80% of consumers make online purchases, compared to just 22% in 2000.

Predictive Analytics Software 96

Predictive Analytics Software Supply Chain Design Software Predictive Analytics Supply Chain Software 96

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Applying innovation to supply chains, combines innovative technologies like the Internet of Things (IoT), analytics, and robotics to supply chain management to improve performance and meet customer demands. brings innovations like IoT, robotics, data analytics, and other technologies to improve supply chain management and improve performance.

Supply Chain Disruption 246

Supply Chain Disruption Optimal Sourcing Supply Chain Software Agile and Lean Supply Chain 246

ModusLink Corporation

APRIL 22, 2024

Continuous improvement initiatives driven by data analytics and feedback mechanisms. Predictive analytics to anticipate supply chain disruptions and mitigate risks. Environmental Sustainability Initiatives: Commitment to sustainable practices and ethical sourcing throughout the supply chain.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

BlueYonder

OCTOBER 4, 2022

Following on the heels of COVID-19, port closures, labor shortages and geopolitical conflict, climate change-related events are emerging as a significant source of supply chain disruption. A recent study focusing on the resilience of high tech, auto and CPG companies found that 80% of their production facilities in the U.S. In the U.S.

Optimal Sourcing 81

Optimal Sourcing Supply Chain Planning Software Sourcing Modeling 81

ivalua

SEPTEMBER 14, 2022

Yet despite the availability of new platforms and analytics tools, supply chain risk management strategies remain in their infancy post-pandemic. The study also found that suppliers will be vital for successfully ensuring supply continuity. The study was conducted by Forrester Consulting in March 2022 on behalf of Ivalua.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

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

ThroughPut

APRIL 15, 2024

It has the power to analyze vast datasets, predict future trends with remarkable accuracy, and adapt to changes in real time, offering businesses a competitive edge. Supply chain forecasting predicts future demand for products and services, inventory needs, and production planning based on historical data, market analysis, and current trends.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

NC State SCRC

MAY 16, 2016

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. They offer opinions and paint the future for us.

Forecasting 40

Forecasting Predictive Analytics Procurement Analytics Analytics 40

Enterra Insights

NOVEMBER 22, 2021

One answer is advanced analytics. Big Data and Advanced Analytics. Johnston notes that a rapid rise in e-commerce during the pandemic — “ten years growth in just the first three months of 2020” — made it “apparent that predicting future supply chain demand using outdated data is no longer feasible.”

Supply Chain Planning Software 130

Supply Chain Planning Software Prescriptive Analytics Software Supply Chain Design Software Supply Chain Software 130

ivalua

FEBRUARY 4, 2020

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. Source: 2019 Supply Chain Data Quality and Governance Study. Source: 2019 Supply Chain Data Quality and Governance Study. But it’s not easy. This means no siloes.

Data 130

Data Analytics Software Optimal Sourcing Supply Chain Software 130

ToolsGroup

AUGUST 30, 2016

In the survey, enhanced analytic capabilities was the top-ranked technology-driven supply chain planning improvement in terms of expected benefits. Advanced analytics go beyond traditional forecasting methods to an approach where companies “will increasingly be able to predict potential problems or opportunities,” the study says.

Gartner 185

Gartner Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 185

Talking Logistics

DECEMBER 16, 2015

Well, my big audacious prediction for 2015 did not come true. But some of my other predictions did hit the mark or came close. Making supply chain and logistics predictions is like throwing darts at a moving target. When making predictions, it’s easy to look at recent trends and simply project them forward.

Predictive Analytics Software 120

Predictive Analytics Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 120

Logility

SEPTEMBER 3, 2021

At the same time, the McKinsey study linked above found that consumer spending decreased, especially in discretionary categories, and 20% of consumers said they have deserted preferred brands and retailers and plan to make these switches permanent. Predict demand. Data is the key to growth. Seek out third-party data.

Modeling 130

Modeling Scenario Planning Predictive Analytics Price Reduction 130

Enterra Insights

OCTOBER 10, 2023

Journalist Katie Hunt reports, “The term Anthropocene, first proposed in 2000 to reflect how profoundly human activity has altered the world, has become a commonly used academic buzzword uniting different fields of study.”[1] The second is investing in greener technologies and energy sources. 3] Hunt, op.

Supply Chain Strategy 130

Supply Chain Strategy Supply Chain Software Prescriptive Analytics Software Modeling 130

Logistics Viewpoints

MARCH 1, 2021

It was predictable. The FDA issued an exposure modification order that allows the claim to be made that “scientific studies show that switching completely from conventional cigarettes to IQOS significantly reduces your body’s exposure to harmful or potentially harmful chemicals.”. PMI was not an easy prospect.

Modeling 179

Modeling Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 179

SYSPRO Smarter ERP

NOVEMBER 1, 2021

With one universal touchpoint, businesses can have full visibility of inventory levels along with backend systems to handle procurement and sourcing policy changes, distribution, and lead time planning as well as analytics providing data real-time to support improved decision-making. Maintaining competitive advantage.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

ivalua

FEBRUARY 24, 2021

Our study found that 77% of organizations highlighted they would moderately to highly accelerate their digital transformation efforts,” he said. But there’s also a need for predictive capabilities. 2021 Procurement Insights & Key Issues Results from The Hackett Group’s Annual Key Issues Study.

Supply Chain Transformation 162

Supply Chain Transformation Agile and Lean Supply Chain Supply Chain Design Software Cost Reduction Strategies 162

Enterra Insights

FEBRUARY 7, 2023

degrees Celsius above pre-industrial levels will likely be permanently out of reach in nine years, the study found.”[1] Science journalist Dave Levitan predicts, “Over the next 30 years, climate change is likely to uproot hundreds of millions of people around the world from their homes.”[5] degrees Celsius (2.7

Predictive Analytics 130

Predictive Analytics Analytics Software Manufacturing Procurement Predictive Analytics Software 130

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. No doubt about it, we are characters in a supply chain case study searching to define a new normal. Today, we find ourselves in the middle of a risk management case study. China was the source of over 90% of PPE.) Don’t expect demand to be predictable. Bottom line?

Supply Chain Planning Software 427

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 427

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?). Predictive Analytics (What will happen?).

Prescriptive Analytics Software 115

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

ivalua

APRIL 12, 2019

Anyway, there were also a couple of very good customer cases studies, but we’ll save those for a future discussion and focus on AI here. The strategy for the firm is to embed AI onto the core Ivalua platform for multiple use cases across the whole source to pay process. More support in terms of predictive analytics is the dream.

Analytics Software 176

Analytics Software Negotiating Skills Supply Chain Planning Software Predictive Analytics Software 176

ThroughPut

MARCH 25, 2024

Demand forecasting is the process of predicting future customer demand for a product or service. This practice has evolved significantly from its historical roots, largely a game of educated guesses, to today’s data-driven approach that harnesses the power of advanced analytics. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Trend

JANUARY 29, 2024

Your data decays : An I DC study revealed that 50% of respondents says data loses value within hours. 90% of predictive capability sits in 10% if your data. Think decision back, rather than data forward : work your way back from the decision, options, analytics needs and only then data requirements. Picture source

Data 60

Data Supply Chain Software Analytics Software Predictive Analytics Software 60

Logistics Viewpoints

MARCH 2, 2023

After months of dire predictions, many in the financial community are lowering the odds of a recession in the next year. A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. 17% went bankrupt, went private, or were acquired.

Waste Reduction 197

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 197

Vanguard Software

APRIL 16, 2021

While the transformational power of AI is evident, too much faith is put into supply chain simulation platforms that are neither accurate nor predictive. Gartner defines simulation as “the use of a mathematical or computer representation of a physical system to study constraint effects.” Scenario Planning During COVID-19.

Modeling 52

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Software 52

Supply Chain Shaman

JUNE 2, 2020

Global Risk Management Report Study of Risks Published in January 2020. Supply chain management as a discipline—a set of flows combining the processes of source, make and deliver together to drive value– is relatively new. The answer is advanced analytics. Global Risk Management 2020 Report Summary of 640 Business Leaders.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Design 254