article thumbnail

Big data and inventory management

EazyStock

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

article thumbnail

Data key to tackling forecasting challenges

FreightWaves SONAR

Businesses are prioritizing the speed of data propagation within their supply chains. According to Gold, NRF members have made significant investments in data analysis to improve their ability to predict consumer demand to prevent bloated inventory levels that many large retailers experienced around this time in 2022.

Data 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

New AI Technology for Warehouse Optimization

Logistics Business Magazine

UK-based robotics and data intelligence company Dexory is introducing a first of its kind, AI-powered logistics engine to help warehouses maximize operational efficiency, optimize inventory management, and enhance the overall warehouse agility and responsiveness.

article thumbnail

The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud

GlobalTranz

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Data Analysis Grew Exponentially, Providing More End-to-End Visibility and Continuous Improvement. Data analysis is the companion of cloud-computing technologies.

article thumbnail

Gartner's Market Guide for Data Analytics and Intelligence Platforms in Supply Chain

Gartner observes several trends in this market for data analytics and intelligence. One overarching theme is the convergence of analytics & BI, data science and AI. This report covers market analysis on: Supply chain specific market trends - what are supply chain organizations looking for?

article thumbnail

How transportation brokers should start each morning with FreightWaves SONAR-fueled data

FreightWaves SONAR

However, the application of such data does not necessarily translate into meaningful improvements within day-to-day operations. Yes, analytics add value, but that value often gets overshadowed by the sheer volume of freight data insights available. And it’s in this space where big data analytics can add the most value.

Data 52
article thumbnail

The Future of Supply Chain: Top 5 Supply Chain Trends in 2024

3PL Links

It’s not by accident that 82% of procurement leaders surveyed for the Gartner research “Future Supply Chains: Resilience, Agility, Sustainability & Technology” in 2023 stated they want to make significant investments in technology over the next five years.