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Using Predictive Analytics For Better Supply Chain Resilience

Blue Grace Logistics

Improving predictability in outcomes is valuable, but ensuring your supply chain is nimble enough to act on the data is even more so. We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. Concept of Predictive Analytics.

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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.

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The Importance of Clear Data When Planning for Your Business’s Success

WorkWave

In the grand scheme of things, data analysis falls into the categories of descriptive, predictive, and prescriptive. While descriptive data presents existing figures, predictive data allows you to draw insights from trends in your descriptive data in order to make an educated guess about what might happen next.

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Penske-Sponsored State of Sustainable Fleets Report Finds Fleets Are Accelerating Use of Clean Vehicles

Penske Move Ahead

In the third annual State of Sustainable Fleets Market Brief , released today and available at no cost, transportation fleets continued to report a resounding trend — their use of clean fuels and advanced vehicle technologies is rapidly progressing. is a supply chain sponsor of the report. Report authors surveyed nearly 250 U.S.-based

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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation.

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How the fabricated metals industry can benefit from a Cloud ERP system

SYSPRO Smarter ERP

According to the recent SYSPRO global research survey, an enormous 82 percent of Fabricated Metal Manufacturers experienced supply chain and material handling disruptions over the past twelve months. Time-stamped data records can be integrated with a cloud ERP system to improve the ability to make decisions quickly and optimize operations.

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Demand Forecasting in Logistics: How to Increase Your Supply Chain Income?

GoShip Blog

You can invest saved costs into more wanted products or launch a new line. According to statistics, about 80% of customers prioritize personalized service when purchasing. Forecasting operations typically aim to examine and evaluate customers’ purchasing patterns and habits. Collect the data. Analyze received data.