Predictive Analytics
Predictive Analytics Tools Have Changed Logistics Forever
Predictive Analytics Tools Are Trending Virtually every industry is either already using predictive analytics tools to some degree or is exploring them as part of digital transformation efforts. CIO defines predictive analytics as “a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical…
Predictive Analytics and Supply Chain Network Optimization
The Benefits of Supply Chain Network Optimization The supply chain has a far-reaching impact on the entire organization, making it critical to understand your entire supply chain network. It’s not a once-and-done evaluation. Supply chain network optimization requires continual supply chain assessment. A brief by Supply Chain Dive Supply referenced a recent industry report that…
Managing Risk with Supply Chain Risk Management Software
Taming The Supply Chain Anyone who’s a stakeholder in a supply chain knows that it’s never predictable or stable. Change is constant and risks are abundant. One small disruption to the supply chain can quickly wreak havoc on the entire supply chain, making it critical for companies to be thorough in their risk assessment. You…
On-Time In-Full Commitments Are Achievable with Predictive Intelligence
The OTIF Driver On-time in-full (OTIF) is a relatively new concept that stems from a single driver: customer demand. As consumers become increasingly accustomed to locating, purchasing, and receiving products in a matter of days, their tolerance for anything outside of this new norm is relatively low. Even with understandable circumstances, such as a major…
6 Key Features to Look for in a Transportation Risk Analysis Solution
Using Risk Scores to Facilitate Risk Management
Managing Risk Well Brings Competitive Advantage Risk management is often a sticky subject. Few people enjoy thinking of all of the bad things that could happen. “We don’t take risks” is a common mantra. Is there any possibility you won’t meet your objectives, commitments or economic targets? That possibility IS risk. Companies recognize they need…
How to Prevent Lost Freight Loads with a Supply Chain Predictive Analytics Solution
Lost Freight Loads Aren’t Only about Damage The U.S. Department of Transportation and the Bureau of Transportation Statistics reported that in 2015, the U.S. transportation system moved an average of approximately 49.3 million tons of freight per day valued at more than $52.5 billion. With increase consumer demand for products, the value of freight is…