EazyStock

OCTOBER 10, 2018

Big data is a term used to describe a massive volume of both structured and unstructured data that’s too large to be processed using traditional database and software techniques. In most enterprise scenarios, the volume of data is too big, moves too fast and exceeds processing capacity of existing applications.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. Ask Traditional Questions, and Let Big Data Provide Answers. Inventory location and management. Distribution of goods prior to purchase.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

Enterra Insights

APRIL 25, 2019

Today, in addition to those activities, new analytical tools are available to help business leaders predict what could happen in the future. Those tools became possible with the creation of large datasets (aka big data) and the maturation of artificial intelligence (AI). ” Types of analytics. 2] They are: 1.

Predictive Analytics 124

Predictive Analytics Prescriptive Analytics Software Predictive Analytics Software Analytics Software 124

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. In addition, Lucas used inventory as a slush fund to make quarterly earnings.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Freightos

MARCH 23, 2016

And, like many other logistics startups , we’re particularly enthusiastic about how Big Data can change the way goods are moved around the world. Getting Smart With Logistics Big Data. Much like IT, the supply chain is no longer a cost center … but instead a profit driver. Bottom line?

Big Data 120

Big Data Logistics Network Optimization Software Data Predictive Analytics Software 120

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. ” Her answer was telling.

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain.

Supply and Demand 388

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 388

Unleashed

JANUARY 27, 2020

Big data refers to the process of examining and analysing large and diverse data sets for the purpose of uncovering valuable information to help businesses make informed decisions. The relationship between SMEs and big data is not contradictory, because no business is too small for big data.

Big Data 63

Big Data Analytics Software Predictive Analytics Software Purchasing Skills 63

GlobalTranz

MAY 25, 2018

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity. If you need help with this transition, Veridian is your one-stop shop.

Inventory Management Software 125

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 125

ThroughPut

MAY 3, 2024

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. This involved procurement, maintenance, and transportation of military facilities, services, materials, and personnel.

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

GlobalTranz

NOVEMBER 20, 2018

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. That’s two entirely different things. This is where the major problem lies.

Inventory Management Software 121

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory 121

Supply Chain Shaman

APRIL 16, 2024

Let’s start with definitions: Self Service Planning: Decision support technologies designed for business leaders to use analytic techniques on a collaborative platform to improve business planning. Outside-in Planning: Modeling based on channel and supply network signals. This week, I was at Informs Analytics Conference.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software How To Modeling 221

ThroughPut

JUNE 16, 2024

Retailers often need help with inefficiencies, stockouts, and overstocking due to a lack of real-time data and insights into their inventory processes. This lack of visibility can lead to increased costs, dissatisfied customers, and lost sales opportunities. What are the Challenges of Inventory Delivery Management in Retail?

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Supply Chain Software 52

Logistics Viewpoints

FEBRUARY 5, 2024

Russell Zuppo, a vice president for consulting services at Uber Freight, reports that in their customer base, Walmart suppliers are currently paying 0.16% of the cost of goods sold in fines to Walmart. The fines, Uber Freight reports, vary by the costs of the products being sold to Walmart.

Shipping 276

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 276

Supply Chain Shaman

MAY 26, 2023

In these conventional IT approaches, data is written and coded with fixed semantics into rows and columns. I term this our data jail. Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. The focus of the Gartner Magic Quadrant.)

Optimal Sourcing 345

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 345

Logistics Viewpoints

MARCH 9, 2023

CPG companies that utilize an autonomous supply chain technology see a reduction in their inventory and cost and an increase in revenue. Big data is used to understand a customer’s propensity to buy, the tendency to return, conversion of clicks to orders, demand sensing signals, individualized promotions, etc.

Supply Chain Planning Software 227

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 227

Supply Chain Shaman

NOVEMBER 29, 2021

The news reports symptoms, not root causes. Changing Analytic Capabilities. Dramatic improvement in capabilities to drive insights through the use of analytics. The world of NoSQL enables the use of disparate data to drive learning and new forms of insights. Chemical Sector Inventory Availability. Ocean Port Snarl.

Supply Chain Planning Software 284

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 284

Supply Chain Shaman

APRIL 1, 2015

I am speaking this morning at the Terra Technology conference and doing a book signing of my new book, Supply Chain Metrics That Matter. In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks. It will delay my report. It is morning in Orlando. The sun is rising.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Network Design Software Optimization Software 150

Supply Chain Shaman

NOVEMBER 29, 2021

The news reports symptoms, not root causes. Changing Analytic Capabilities. Dramatic improvement in capabilities to drive insights through the use of analytics. The world of NoSQL enables the use of disparate data to drive learning and new forms of insights. Chemical Sector Inventory Availability. Ocean Port Snarl.

Supply Chain Planning Software 273

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 273

GlobalTranz

OCTOBER 2, 2017

According to Mitchell’s NY , last mile logistics is seen as the least efficient leg of shipping, and it accounts for up to 20 percent of the total shipping cost of a product. Managing returns and reverse logistics are another consideration in creating an effective last mile logistics strategy, reports Industry Week.

Inventory Reduction 363

Inventory Reduction Cost Reduction Strategies Logistics Network Optimization Software Supply Chain Strategy 363

Enterra Insights

JULY 18, 2019

.”[1] At the same time, writes SAS’ Rodney Weidemann, “The impact of emerging technologies such as artificial intelligence, machine learning and cognitive computing — the latter underpinned by big data and advanced data analytics — is beginning to be felt.”[2] Omnichannel operations and big data.

Omnichannel 162

Omnichannel Analytics Software Predictive Analytics Software Purchasing Skills 162

Unleashed

AUGUST 23, 2021

A crystal ball sometimes wouldn’t go amiss in inventory forecasting. Here we explain the methods and formulas you can use to improve your inventory forecasting, and best practices for your business when designing and carrying out this process. Read more: What is Inventory Management?

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Inventory Management Software 98

Enterra Insights

JUNE 11, 2019

Every business person who deals with inventory management is involved in a balancing act. Keep too little inventory on hand and you risk losing sales and, on occasion, customers. Keep too much inventory on hand and the costs add up resulting in lower profits. And it begins with improving their inventory accuracy.”[2].

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Reduction Inventory 100

Procurement Academy

JANUARY 25, 2021

The retail staff is the most significant stimulus for the customer’s purchase decisions. Retail Academy is the newest venture of Procurement, Supply Chain, and Sales Academy. The employee’s progression throughout the training journey will be monitored through an influential Report Management Center.

Procurement Analytics 98

Procurement Analytics Buyer Training Purchasing Skills Retail 98

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability?

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Planners spend their precious time collecting and synthesizing the data to drive insights. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. .

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 277

Supply Chain Shaman

NOVEMBER 29, 2021

The news reports symptoms, not root causes. Changing Analytic Capabilities. Dramatic improvement in capabilities to drive insights through the use of analytics. The world of NoSQL enables the use of disparate data to drive learning and new forms of insights. Chemical Sector Inventory Availability. Ocean Port Snarl.

Supply Chain Planning Software 195

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 195

RFgen

AUGUST 16, 2018

Predictive analytics aren’t a sci-fi vision. Big data isn’t a new concept, but the technology has matured from technical and accessibility perspectives, making it a realistic option for organizations working to ramp up their supply chain operations. Exploring Predictive and Prescriptive Analytics.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Procurement Analytics Predictive Analytics Software 52

RFgen

AUGUST 16, 2018

Predictive analytics aren’t a sci-fi vision. Big data isn’t a new concept, but the technology has matured from technical and accessibility perspectives, making it a realistic option for organizations working to ramp up their supply chain operations. Exploring Predictive and Prescriptive Analytics.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Procurement Analytics Predictive Analytics Software 52

Unleashed

DECEMBER 6, 2021

With inventory management and other software features built for the wholesale environment, you’ll be able to work towards success in a number of ways: improved profit margins by holding a lean inventory, optimising inefficiencies to cut labour costs, better strategic decision making through data… the list goes on.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 98

Supply Chain Shaman

JUNE 14, 2014

I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter. In Figure 1, I share a composite orbit chart of progress of Cisco Systems, Intel, Samsung and Flextronics on the Effective Frontier at the intersection of inventory turns and operating margin for 2006-2012.

Optimal Sourcing 286

Optimal Sourcing Manufacturing Procurement Procurement Analytics Modeling 286

ToolsGroup

JULY 10, 2018

Computing power and storage capacity have grown exponentially, while the cost of both have plummeted. More and better data has turned demand analytics into mainstream reality. Demand signals can include downstream demand such as “sell out” or POS data and downstream inventory levels. Demand Planning.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

GlobalTranz

NOVEMBER 21, 2017

In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain data can have a big impact on their bottom line. Some supply chain companies are leaning on the power of analytics to help streamline their processes and get ahead of their competitors. Hanesbrand Inc. ,

Analytics Software 173

Analytics Software Procurement Analytics Agile and Lean Supply Chain Modeling Software 173

Logility

FEBRUARY 26, 2020

It’s no secret that an improvement in forecast accuracy, especially at the SKU level, can have a significant impact in reducing downstream supply chain costs and improving customer service levels. The Data Opportunity. Without clean, consistent data, demand planners will struggle to create accurate forecasts.

Forecasting 162

Forecasting Forecasting Software Optimal Sourcing Supply and Demand 162

Enterra Insights

JUNE 25, 2024

Now, we’re in the midst of a fourth industrial revolution, one driven by artificial intelligence and big data.”[1] ” The intelligence revolution is necessary thanks to the enormous amount of data being generated each day and the speed at which events unfold in today’s computer-driven world. .”

Predictive Analytics Software 130

Predictive Analytics Software Supply Chain Planning Software Analytics Software Demand Planning Software 130

ThroughPut

MARCH 24, 2024

Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. However, these models have tremendously faltered, when they have not altogether failed because of superior intelligence. Excess inventories lead to excess wastage. This helps ensure product visibility and viability.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

NC State SCRC

AUGUST 18, 2022

Artificial intelligence is growing rapidly across many organizational applications, and nowhere is this impact greater than in procurement. Given the recent rapid inflationary pressure and the challenges of significant material shortages in 2022, there is growing pressure on procurement to continue to deliver value, as never before.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52