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4 Ways to Enhance Warehouse Efficiency with Prescriptive and Predictive Analytics

Logistics Viewpoints

While predictive analytics seeks to answer questions such as “what might happen in the future,” prescriptive analytics goes beyond by recommending the best course of action going forward. Traditional slotting solutions require customized models, extensive engineering, measurement, and data collection.

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2016 Supply Chain Trends: 7 of 12 Trends that Will Drive Supply Chain Management in 2016

GlobalTranz

As we head into a new year it is a good time to take a look at the coming year and see what it may hold in the way of trends. We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. Do you have the right people in place?

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Beat your transportation budget this year without sacrificing service

FreightWaves SONAR

The reason they’re doing this is that they lack granular market data on contract and spot rates and prevailing service levels. Let’s look at some data. Broad-based freight market data suggests that there’s still a substantial cost-reduction opportunity in front of supply chain leaders.

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Top 8 Applications of Artificial Intelligence in The Supply Chain

3PL Links

Read also: Top 9 Technology Trends for Your Warehouse in 2024 The supply chain Although it incorporates logistics, the supply chain is not to be mistaken with logistics. The finest relationships for your business are identified by developing decision models based on multiple criteria and accessing useful data through algorithms.

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Demand forecasting challenges – how to deal with fluctuating demand

EazyStock

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. Use appropriate historical data. Use qualitative data.

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Demand Forecasting 101: Everything eCommerce Businesses Need to Know

Ship Monk

We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. Put simply, demand forecasting uses a variety of data to foresee customer demand and inform major business decisions, from launching new products to finding the perfect 3PL partner. What is Demand Forecasting?

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6 Ways Big Data is enhancing the global supply chain

The Logistics Academy

As global supply chains become more complex and customers more demanding, the race is on to develop software applications that can effectively manage and make sense of the zettabytes of data being generated by our digital world. Of course, capturing the data and then using it to make good decisions are two entirely different things.