Remove Blog Remove Data Remove Survey Remove Tools
article thumbnail

Using an ERP system to provide data for decision-making in manufacturing

SYSPRO Smarter ERP

Manufacturers increasingly turning to data and analytics, from an ERP system, to support business initiatives. Data is after all the fuel that runs the Fourth Industrial Revolution. In most cases, there has been a succession of tools that worked in some cases but were not broadly successful. Challenges to using data.

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. and Target Corp.

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

The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization

Freightos

Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. I can’t export maritime incident data from the US Coast Guard (which could use some tech) but based on this report there were 18 bridge allisions in the United States between 1960 and 2015.

Digital 106
article thumbnail

Freight market data size matters: 5 key hallmarks of data sets that improve transportation procurement

FreightWaves SONAR

According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.

article thumbnail

Logistics Confidence Index Unlocks Growth Potential

Blue Grace Logistics

Mark Derks, BlueGrace Chief Marketing Officer June 23, 2023 In the dynamic and ever-evolving logistics landscape, having access to accurate and timely data is essential. Updated quarterly, the LCI has become an important resource for shippers seeking to maximize data forecasting as part of a predictive and prescriptive analytics model.

article thumbnail

How manufacturers and distributors can use ERP to gain control across the supply chain

SYSPRO Smarter ERP

With reliable data from ERP manufacturers and distributors can use data analytics to respond to challenges. Without the right data insights businesses are unable to understand the impact of all factors on their daily business activities and deal with supply and demand shocks. Digitalization to thrive into the future.

article thumbnail

Use Digitization to Transform Chemical Supply Chain Planning Copy

CLX Logistics

Whether achieving real-time compliance tracking, navigating market uncertainties through advanced analytics, or reinforcing safety protocols via secure data exchange, the digital revolution within the chemical supply chain emerges as the critical factor in surmounting these difficulties. Data informs transportation capacity and rates.