RFgen

NOVEMBER 27, 2024

That’s where data analytics comes in. By harnessing the power of data science and analytics, you can gain end-to-end visibility across your entire network, breaking down information silos and optimizing every stage of your operations. In this post, we’ll explore how data analytics can revolutionize your supply chain.

Optimal Sourcing 97

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 97

SCMDOJO

NOVEMBER 20, 2024

Excessive and obsolete inventory can cause a business to fail. One needs to mitigate these challenges and learn how to optimize inventory. Healthy inventory optimization management can help a company flourish like a wealthy field. That is why optimizing inventory and reducing obsolescence is a necessity.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 98

Logistics Viewpoints

JUNE 9, 2022

Here, it’s extremely difficult to predict which sales volume will be reached for which goods. This warehouse runs at a perfect optimum with fixed capital in the form of inventory balanced perfectly with sales and purchasing, and all the items perfectly distributed to the various storage areas of the warehouse.

Logistics Network Optimization Software 293

Logistics Network Optimization Software Analytics Software Optimization Software Forecasting Software 293

SCMDOJO

OCTOBER 30, 2024

For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs. Developing Analytical Skills Data analysis is at the heart of effective supply chain management.

Supply Chain Planning Software 97

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 97

Supply Chain Shaman

DECEMBER 27, 2022

It combines robotics, analytics, and the Internet of Things (IoT). McKinsey promises improved agility (not defined) with up to a 30% reduction in operational cost and a decrease in inventory of 75%. (I When asked how to drive interoperability, I replied, “There is no good template. How will jobs change with this evolution?

Supply Chain Software 413

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 413

ToolsGroup

AUGUST 29, 2017

Gartner measures supply chain analytics maturity across seven different dimensions. There are supply chain and demand analytics models that describe the type of analytics being deployed (e.g., Gartner reports a strong correlation between supply chain organizations that use analytics and improved business performance.

Modeling 189

Modeling Prescriptive Analytics Software Analytics Software Modeling Software 189

ToolsGroup

JUNE 19, 2018

Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. Much of inventory is a hedge against uncertainty. If you could predict your demand exactly you wouldn’t likely need as much inventory.

Optimization Software 197

Optimization Software Inventory Demand Planning Software Modeling 197

Supply Chain Shaman

JULY 31, 2024

My goal was to think harder about how to best implement Advanced Planning before I wrote my next post. In one project, I am interviewing over fifty supply chain leaders on their perceived impact of advanced planning, what makes a good plan, and how effectively they use the technology. Reflection A month has passed since my last post.

Supply Chain Planning Software 382

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 382

Logility

MARCH 6, 2024

With improving machine learning and artificial intelligence capabilities, advanced analytics are shifting, becoming a more attractive option to leaders across industries. But how can you incorporate advanced analytics into your supply chain flow? What Are Advanced Analytics? What Are the Benefits of Advanced Analytics?

Prescriptive Analytics Software 181

Prescriptive Analytics Software Analytics Software Predictive Analytics Supply Chain Planning Software 181

Logistics Viewpoints

MAY 11, 2023

In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. Inventory management Another area where digital twins can be beneficial is inventory management.

Modeling 307

Modeling Analytics Software Supply Chain Design Software Optimization Software 307

Kinaxis

OCTOBER 20, 2014

Over the next several weeks, I’ll outline these issues and discuss some ideas around how to avoid these practices. Reason #6 Not effectively managing inventory. Unfortunately, all the same kinds of things can happen to your supply chain inventory. Except that your inventory costs millions of dollars. How about tomorrow?

Supply Chain Planning Software 257

Supply Chain Planning Software Inventory Reduction Modeling Cost Reduction Strategies 257

SCMDOJO

DECEMBER 5, 2024

The Four Stages of the Product Life Cycle Introduction: Inventory products are usually on-demand products that make their demand once launched. This kit is designed to help one master inventory management. Accurate forecasting is one of the main tools businesses use to predict the future.

Inventory Reduction 96

Inventory Reduction Optimal Sourcing Price Reduction Resource Reduction 96

Enterra Insights

DECEMBER 17, 2024

. “Advanced AI algorithms analyze historical data to predict future stock requirements and optimize warehouse space. IoT devices track inventory in real time, providing valuable insights into stock movement, reducing waste, and ensuring products are available when needed.” ” Inventory optimization.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 130

SCMDOJO

JANUARY 23, 2023

If you want to gain more supply chain analytics knowledge, you’re in the right place. We’ve compiled a list of 10 great supply chain analytics books to help you better understand the concepts and strategies behind this vital business field.

Prescriptive Analytics Software 132

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 132

ToolsGroup

MARCH 3, 2022

And even though meteorology has come a long way, weather is a notoriously fickle and uncontrollable factor, and no forecaster can reliably predict it beyond the next few weeks. How to Use Weather Analytics in Retail Forecasting. What are the Benefits of Using Weather Analytics in Retail Forecasting?

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Supply Chain Shaman

APRIL 15, 2020

I continue to think about the COVID-19 recovery and how to help clients. Another is looking at hospital bed utilization to predict market baskets. Don’t expect demand to be predictable. For example, how long will it take for the restaurant and food distribution supply chain to restart? Evaluate Inventory.

Supply Chain Planning Software 453

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 453

QAD

APRIL 11, 2024

Artificial intelligence (AI) is one of the big “buzzwords” of 2024, which is a shame because the technology’s analytical capabilities have a lot to offer supply chain planners – if you can cut through the hype. How is AI Improving Supply Chain Management? I’m never one to jump on the bandwagon with emerging technologies.

Predictive Analytics 94

Predictive Analytics Predictive Analytics Software Supply and Demand Supply Chain Disruption 94

Supply Chain Shaman

JUNE 30, 2023

As a supply chain leader, he is struggling how to dance in the ring of fire. As a result, demand planning is largely manual, inventory management is a series of manual inputs, and production planning is via spreadsheet. Anne is a lean disciple and sees all inventory as Muda. This week, I spoke to John. Let me explain.

Supply Chain Planning Software 341

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 341

Logistics Viewpoints

JANUARY 25, 2024

What AI has been able to do for years is find patterns and make predictions at a scale far beyond our human cognitive capacity, such as forecasting for a retailer with billions of sales records and millions of items. AI can accomplish tasks humans couldn’t do before, and do them better and faster, saving time and money.

Supply Chain Planning Software 307

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 307

ThroughPut

FEBRUARY 25, 2025

Poor demand planning results in stockouts, excess inventory, and financial loss. Lack of real-time insights leads to inefficiencies in inventory management and distribution. Key Challenges Accurate Demand Forecasting: Predict near-future demand with AI-driven insights. Competitive Advantages of ThroughPut.AI

Supply and Demand 52

Supply and Demand Material Savings Optimal Sourcing Waste Reduction 52

ThroughPut

FEBRUARY 18, 2025

In todays fast paced industrial world, inventory mismanagement poses substantial financial risks. With approximately $30 trillion of trade flowing from node to node, inventory rebalancing or mismanagement contributes to two major and often preventable issues: lost uptime, and lost sales. The Solution: ThroughPut.AI ThroughPut.AI

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Waste Reduction Cost Reduction Strategies 52

ToolsGroup

JUNE 15, 2023

This is 1960’s and 1970’s thinking How do we make planning more resilient? With more visibility and predictive forecasting. Analytics in the past were backward looking. Prescriptive analytics. Now we are using analytics for predictive purposes, this still does not demand real-time data.

Gartner 293

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 293

Logility

APRIL 23, 2020

So, the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. In far too many cases, forecasts are done as a fishing expedition where analysts run the data through predictive algorithms to see what “pops.” Take a data asset inventory.

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

SCMDOJO

NOVEMBER 29, 2023

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow.

Inventory Reduction 111

Inventory Reduction Material Savings Resource Reduction Inventory Management Software 111

Enterra Insights

APRIL 6, 2021

The late philosopher Eric Hoffer and the late business guru Peter Drucker shared a common belief about the difficulty of predicting the future. Hoffer wrote, “The only way to predict the future is to have power to shape the future.” Drucker wrote, “The best way to predict the future is to create it.”

Predictive Analytics Software 113

Predictive Analytics Software Predictive Analytics Analytics Software Modeling Software 113

AFFLINK

JANUARY 30, 2025

How Demand Forecasting Can Help with Seasonal Supply Chain Optimization Today, thanks to the power of technology, businesses have plenty of tools to help anticipate high-demand periods. Demand forecasting uses historical data, market trends, and advanced analytics to predict upcoming demand surges.

Optimal Sourcing 48

Optimal Sourcing Supply Chain Planning Software Demand Planning Software Supply and Demand 48

Logility

MARCH 12, 2021

Descriptive, predictive and prescriptive analytics should be combined to optimize your demand planning processes. Data were inconsistent across groups, and despite endless graphs and tables, no one was clear on how to improve business using the information. Teams were disappointed. Here’s where they help.

Supply and Demand 189

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 189

GlobalTranz

APRIL 20, 2021

To build supply chain resiliency, leaders should consider these factors: Buffer inventory and shift away from JIT.? The coronavirus disruptions highlighted the stressed nature of lean and just-in-time inventories. Those factories with essentially zero inventory of critical components were forced to close or drastically scale back.

Supply Chain Planning Software 288

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design Software Sourcing Strategies 288

Logistics Viewpoints

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. Dynamic Cross-dock allocation takes into account sales rates and current inventory at the stores.

Supply Chain Planning Software 293

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 293

Logility

JANUARY 10, 2023

The technology enables organizations to modernize their operations with five essential capabilities, leveraging a combination of artificial intelligence, machine learning, process automation, and predictive and prescriptive analytics.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 130

SYSPRO Smarter ERP

SEPTEMBER 4, 2023

Initially, companies rolled out business intelligence (BI) tools but as these solutions struggle to support a growing set of new use cases, companies are implementing embedded analytics (EA) in their ERP systems. A supply chain dashboard can help to track inventory levels, logistics management and warehouse operations from a single display.

Analytics Software 111

Analytics Software Manufacturing Procurement Supply Chain Planning Software Optimization Software 111

ToolsGroup

OCTOBER 4, 2016

Owyang helped put this in personal perspective when he said his 2 year old daughter would likely not ever need to learn how to drive a car. Streams of data will be pooled, and analytics will make sense of it. Keith Nash of Lennox Residential described how they achieved 99.7% So what about driverless supply chain planning?

Supply Chain Planning Software 254

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 254

ToolsGroup

JUNE 11, 2020

SKF’s use of a digital twin for analytics to support integrated planning demonstrated exceptional supply chain innovation. SKF’s Joerg Schlager and his peers in the Demand Chain team realized that its supply chain operation needed to become more nimble, resilient and predictive to avoid being ambushed by a competitor.

Gartner 248

Gartner Supply Chain Planning Software Supply Chain Software Optimization Software 248

Enterra Insights

OCTOBER 26, 2022

Keeping up with and making sense of all this data is far beyond the capabilities of traditional analytic methods. The staff at Predictive Oncology explains, “Machine learning and artificial intelligence (AI) are no longer the concepts of science fiction — they’re a $1.41 ”[1]. Footnotes. [1] 3] Eric Siegel, “ Why A.I.

Predictive Analytics Software 264

Predictive Analytics Software Analytics Software Optimization Software Material Savings 264

Unleashed

DECEMBER 20, 2021

Here we explain what multichannel involves, why it’s so complex, and how you can give your multichannel operation a strong foundation with a robust inventory management system. What is multichannel inventory management? In other words, it’s inventory management that takes into account multiple sources of information.

Inventory Management Software 97

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 97

Logility

FEBRUARY 7, 2023

Lurking beneath the relentless wave of supply chain disruptions are challenges managing supply and demand, as peaks and valleys in orders mean a longer shelf life for warehouse inventory. It’s a tug-of-war that can cause inventory carrying costs to soar. Take, for example, Nike.

Supply and Demand 130

Supply and Demand Demand Planning Software Supply Chain Planning Software Forecasting Software 130

Logility

AUGUST 31, 2022

It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.

Supply Chain Planning Software 130

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