What is Predictive Analytics and How is it Used in Supply Chain Operations?

Kuebix

You may be familiar with the term predictive analytics – but have you ever stopped to ask yourself what it really means for your supply chain? Analytics help companies streamline process efficiencies and make sure important trends aren’t overlooked.

Artificial Intelligence, Machine Learning, and Predictive Analytics in the Supply Chain

Kuebix

The world of transportation and logistics management looks completely different than it did even 50 years ago. With the advent of advanced cloud-based transportation management systems, there […].

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

Cerasis

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

Even though shipments may be transported over hundreds of miles, or just a few miles, the main focus today is on the final mile — that is, making sure the delivery experience for the end-customer (which in many cases is a home delivery) is a positive one. How can technology, specifically transportation management systems and predictive analytics, help shippers and third-party logistics providers (3PLs) excel in this area?

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. Looming risks like wars, environmental and labor regulations, natural disasters and transportation challenges are placing many retail supply chains and retail profit centers at the mercy of the unforeseen.”[1] Petro goes on to predict companies failing to grasp the future risk ending up in history’s dustbin.

Four Ways a TMS Solution Leverages Predictive Analytics

Supply Chain Collaborator

TMS users in transportation logistics organizations are sitting atop a gold mine of actionable data captured by their TMS solutions. The shrewd operators are leveraging these data to support predictive analyses with the goal of achieving more accurate planning and execution of logistics as product moves through their supply chain. Here are four ways smart TMS users can harness the power of their data for predictive analytics.

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

Cerasis

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.

Final Mile Delivery: How Predictive Analytics Can Drive Improvement

Talking Logistics

How are transportation management systems helping shippers and 3PLs address these final mile challenges and requirements? Can you give some examples of how predictive analytics can drive improvement in final mile delivery?

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

Gaining end-to-end visibility across your transportation processes delivers: $32.00 Use predictive and prescriptive analytics to support your visibility goals.

Mitigate Seasonality and Other Logistics Disruptions with TMS Supporting Predictive Analytics

Supply Chain Collaborator

More importantly, how does a shipper synthesize the seemingly endless stream of conflicting market analysis into proactive plans that avoid simple, reactive responses to the often confusing and counter-intuitive moves in the market? . – Realize the goal of cutting through the static using analytics as a “knife” in your TMS. You may have some questions about how to realize the goal of cutting through the static using analytics as a “knife”.

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

Supply Chain Network

With maritime transport growing at an average rate of over 8.5 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.

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

Supply Chain Nation

Read the full blog post , which was originally featured in Transportation & Logistics International Magazine. The post How Companies Can Leverage Big Data and Predictive Analytics to Optimize the Supply Chain appeared first on Supply Chain Nation Blog.

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

Supply Chain Nation

Read the full blog post , which was originally featured in Transportation & Logistics International Magazine. 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.

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.

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.

Redefining Logistics Management in a Digital World

Talking Logistics

In today’s global, fast-paced world it’s no longer a question of whether an organization should be using technology to manage its supply chain and transportation processes. At the core of just about every efficient transportation process is data. Blockchain in transport.

10 Keywords Logistics Professionals Should Keep an Eye on in 2020

Kuebix

Amazon Effect Autonomous Vehicles Blog Digital Supply Chain TMS customer experience kuebix tms Predictive Analytics sustainability transportation management system Virtual RealityThe start of a new year means that it’s time to realign priorities and set new goals.

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?).

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Mitigating the Effect of Natural Disasters on Your Supply Chain

Talking Logistics

And when recent hurricanes, earthquakes and wildfires began wreaking havoc, many shippers were left asking themselves: “How have recent natural disasters affected our transportation network?” The key to answering those to questions: actionable data and predictive analytics.

Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption

Gravity Supply Chain

Sourcing: Mitigate risk during periods of supply chain disruption, such as those caused by the Coronavirus outbreak, by using digital technology. . The post Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption appeared first on Gravity Supply Chain.

Transportation TIP List: Week of April 21st, 2019

Transplace

Transportation TIP List: Week of April 21 st , 2019. With this week’s observance of Earth Day, it’s only natural that our TIP List showcases a number of stories impacting the current transportation environment.

Real-time Capacity Matching: Making Brokers More Efficient

Talking Logistics

Demand for these solutions, from both shippers and brokers, continues to grow because companies want to identify and implement better ways to plan and execute their transportation and logistics operations, which is what ultimately delivers value. Not only are you reducing the cost of purchasing transportation, you’re also [making fewer phone calls and using less labor] to find the truck you need.”.

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.

Think Tank 2020: Answering the Tough Questions with Transparency and the Right Data at the Right Time

Transplace

At Transplace, data transparency comes from integrated analytics and data science that provides a 360-degree view of businesses without long lead times and complicated data extracts. Support the development of continuous improvement initiatives, with a focus on transportation value.

What Is the Impact of Big Data in the Transportation & Supply Chain Industries?

Cerasis

This graphic shows the true scope of impact of big data in the Transportation, SupplyChain & Logistics industries. . In other words, selecting the best way to consolidate, mix and transport products can help attain a goal of $0 shipping in the eyes of consumers. .

The Role of Emerging Technologies in Managed Transportation Services

Talking Logistics

When I ask shippers what they look for in a logistics or transportation management partner, technology capabilities — and the data and insights those technologies provide — is always near the top of the list. What impact are these technologies having on transportation managed services? Several years ago, I wrote about how the worlds of technology, managed services and consulting were converging , particularly in transportation management.

Defining the Future of Transportation Management Systems

Talking Logistics

The role and capabilities of transportation management systems (TMS) must continue to evolve and improve as transportation networks and operations become more dynamic and complex. Companies that continue to manage their transportation operations with outdated systems, or worse, with Excel spreadsheets, will find it difficult or impossible to keep pace with their customer requirements, as well as their cost and strategic objectives.

Transportation Market Update: Capacity Outlook

Transplace

Transportation Market Update: Capacity Outlook. 2018 was a historic year for the transportation industry. Transportation professionals should keep an eye on these regulations that could have a big impact on trucking in 2019 and beyond: Electronic on-board recording devices.

Transportation Management Systems as a Service (TMSaaS) Transform the Logistics Industry

Cerasis

Last year, the technology trends in logistics seemed straightforward, and many of our technology predictions came true. The use of the new technologies, ranging from robotics to value-added services within transportation management systems (TMSs) saw greater implementation across supply chains via TMSaas, and widely-held beliefs about the supply chain’s limitations were tested. We expected there to be some improvement, but across the board, our predictions did not go far enough.

Modern Transportation Management Software Demands Carrier Connectivity

GTG Technology Group

Anyone in the shipping and transportation industry recognizes the importance of carriers. With increasingly complicated logistical and resource issues arising, Transportation Management Software (TMS) must remain at the forefront of technology to stay afloat. Analytics.

Transportation Market Update: Capacity Outlook

Transplace

Transportation Market Update: Capacity Outlook. 2018 was a historic year for the transportation industry. The truckload (TL) market was extremely tight due to limited capacity—and as a result, many shippers looked to alternative modes of transportation to move their freight and went to extra lengths to increase efficiency and reduce costs. Enhancing access to key data points and always striving toward greater accuracy and predictive analytics.

Control Tower Visibility: Delivering Value in Transportation

Talking Logistics

Companies today are facing significant transportation challenges — tight capacity, rising rates, and more demanding delivery expectations from customers. Navigating through these challenges requires timely and accurate visibility to what’s happening in their transportation operations, which is where Control Tower visibility comes in. VP Operations at Transplace , and Ken Rogers, National Transportation Director at Nestle Waters , in a recent episode of Talking Logistics.

On the Track to Profitability: The Power of Pricing Analytics in Rail Freight

Talking Logistics

Where rail freight once was the price-competitive transport mode of choice, low fuel prices and increased availability of trucks in the spot market have resulted in low freight rates that are expected to remain low. What is pricing analytics?

Transplace’s Q2 2020 Logistics Market Quarterly Update

Transplace

Supply chain, transportation, and logistics professionals can use the quarterly reports to streamline their operations and prepare for what’s ahead in the second half of 2020. Would you like to see Transplace’s Transportation Management System at work?

The customer is king. Can you give him what he wants – before he wants it?

DELMIA Quintiq

In retail, fully automated warehouses allow home delivery within hours of ordering – or even minutes, when predictive analytics can fill trucks with products not even ordered yet. Quintiq World Tour Supply Chain Planning & Optimization Transport & Logistics