Remove Analysis Remove Document Remove Optimal Sourcing Remove Survey
article thumbnail

Use Digitization to Transform Chemical Supply Chain Planning Copy

CLX Logistics

Supply chain planning aims to ensure that the right products are available at the right place, time, and quantity while minimizing costs and optimizing overall efficiency. 2] Hence, it is no surprise that a recent industry survey found that 97% of respondents anticipate AI’s influence on product development and manufacturing. [3]

article thumbnail

Use Digitization to Transform Chemical Supply Chain Planning

CLX Logistics

Supply chain planning aims to ensure that the right products are available at the right place, time, and quantity while minimizing costs and optimizing overall efficiency. 2] Hence, it is no surprise that a recent industry survey found that 97% of respondents anticipate AI’s influence on product development and manufacturing. [3]

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

How AI and Machine Learning Changed Procurement Management

CLX Logistics

Procurement management stands at the crossroads of technological innovation and strategic decision-making. As organizations strive to enhance operational efficiency, mitigate risks, and capitalize on emerging opportunities, the role of Artificial Intelligence (AI) and Machine Learning (ML) in procurement has become increasingly prominent.

article thumbnail

AI in Supply Chains: People Will Always Be Needed

Trinity Logistics

And of more than 1,000 supply chain professionals surveyed, 25 percent stated they plan to invest in AI within the next three years. For example, take an area of the supply chain that has had this form of technology applied to it, quite successfully, for many years – route optimization. .

article thumbnail

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. Predictive data is arguably the most important type though, as analysis allows you to draw actionable insights and make business decisions that can impact what happens next for your business. Billing Metrics.

Data 91
article thumbnail

Power of Forecasting

20Cube Logistics

Data analysis renders greatest of help in taking key decisions which are based on facts and trends. Businesses must have a few solid key performance indicators (KPIs) that act as their short and long term objective and utilize data analysis to align themselves to those goals. The fundamentals of data analysis lie in data.

article thumbnail

The Impact of Visibility In Fireproofing Inventories Against Volatility

Blue Grace Logistics

Digitalization ensures supply chain connectivity by allowing enterprises to engage and communicate more effectively, improving predictions, demand, inventory, and shipments. According to the survey, only 2% of organizations said that they were well prepared for the pandemic. procurement 4.0. Inventory Optimization.