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Better Supply Chain Decisions with Advanced Analytics

In today’s fast-paced world, the ability to rapidly evaluate multiple scenarios and drive smart business decisions can be the difference between success and failure, so how do you harness new data sources to boost business planning and can you quickly analyze the new data and transform it into actionable insights to accelerate your supply chain and planning initiatives?

Advanced Analytics Are Everywhere!

The ability to analyze performance and determine the root-cause of issues has become standard functionality in many of the devices we use today.

For many years, automobiles have provided the capability to determine why a dash light is on through fault code readers.

Today it seems like you can buy just about any type of device that supports analytics including;

  • Toothbrushes that analyze your brushing habits and alerts you to ways to maximize brushing through your smartphone;
  • Wristwatches that tracks your every motion and provides performance metrics to help you meet your health and fitness goals;
  • Refrigerators that monitor product usage and recommend when to buy milk or suggests new products based on actual consumption data; and
  • Swimming pool control systems that automatically adjust chemical levels based on your desired water chemistry and immediately alert you to potential issues or equipment failures.

Analytics are literally everywhere. They are a part of our personal lives and are quickly becoming a major part of our professional lives as well.

Open any supply chain periodical, blog, or report and chances there is a discussion about the importance of analytics.

At its most basic level, supply chain analytics is the application of mathematics, statistics, predictive modeling and machine-learning techniques to find meaningful patterns in the vast mountains of data produced by enterprise systems and external sources.

As we tap into both structured and unstructured data sources, advanced analytics help us draw conclusions about demand, inventory, production and distribution operations to quickly drive more informed business decisions.

An important goal of a supply chain analytics initiative is to enable better business decisions that improve operating results and allow you to be more responsive to customer needs.

View the Webcast: Accelerate Supply Chain Performance Using Advanced Analytics

The following is a quick checklist of capabilities you should look for to support your advanced analytics initiative:

  • Supply Chain Master Data Management (MDM): Provides consistent, harmonized, standardized and managed data across your complete supply chain including suppliers, customers, and trading partners
  • Common Data Platform: Enables visibility and performance measurement of cross-functional processes and collaboration with trading partners
  • Data Discovery: Provides the ability to use artificial intelligence and machine learning to mine internal and external data sources, including IoT and Big Data, to discover hidden patterns and trends
  • In-Memory Processing: Enables fast response times to analytic operations
  • Cloud-Based: Enables rapid deployment and flexible scalability
  • Mobile Device Support: Provides 24x7 visibility to supply chain operations and powerful collaborative capabilities to drive analysis and fast response
  • Configurable User Interface: Supports cross-functional analysis requirements
  • Process Automation: Uses collaborative work-flows, configurable limits and intelligent alerts to improve response time for cross-functional decision-making and execution; frees up resources to focus on higher value-added activities
  • Advanced Visualization: Provides the ability to view data and analysis output numerically and graphically in multiple units of measure, over various time-frames and at different aggregations to support all analysis requirements

Capabilities to Supports All Five Levels of Analytics:

  • Descriptive: Reports & Dashboards, Clustering & Association, Pattern-Based Analysis
  • Diagnostic: Root Cause Analysis, Simulation, What-If Analysis, Segmentation
  • Predictive: Simulations, What-If Scenarios, Sensitivity Curves, Statistical Forecasting
  • Prescriptive: Deterministic and Stochastic Optimization, Tradeoffs
  • Cognitive: Machine Learning, Automated Resolution, Artificial Intelligence, Smart Advisors

Analytics Maturity Curve

Download Three Checklists to Build a Successful Supply Chain Analytics Foundation

Download the White Paper: Three Checklists to Build a Successful Supply Chain Analytics Foundation


Article Topics
Trends   Technology   Software   Analytics   All topics


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24|7 Pro Team

The 24|7 Team is your direct pipeline to solutions for your business challenges. It's your opportunity to have supply chain and logistics experts look at your specific challenges and needs, and give you free, no-obligation advice, solutions, and information.

The 24|7 Team will simplify the task of creating a database of likely partners, building your knowledge base, and preparing your Request for Proposal list.

1
  Choose a topic for your RFP

Transportation RFP/RFI

The Transportation RFP is your direct pipeline to solutions for your transportation challenges. It's your opportunity to have logistics experts look at your specific transportation challenges and needs, and give you free, no-obligation advice, solutions, and information specific to your request.

Choosing the perfect software or system can be an indomitable challenge. Using this transportation/TMS RFP will simplify the task of creating a database of likely partners, building your knowledge base, and preparing your Request for Proposal list.

Warehouse/DC Management RFP/RFI

The Warehouse Management Systems (WMS) RFP is your direct pipeline to solutions for your WMS challenges. It's your opportunity to have logistics experts look at your specific WMS challenges and needs, and give you free, no-obligation advice, solutions, and information specific to your request.

Choosing the perfect WMS solution can be an indomitable challenge. Using this WMS RFP will simplify the task of creating a database of likely partners, building your knowledge base, and preparing your WMS Request for Proposal list.

Supply Chain RFP/RFI

The Supply Chain RFP is your opportunity to have logistics experts look at your specific challenges and needs, and receive free, no-obligation advice, solutions, and information. It simplifies finding a pool of likely partners, building your knowledge base, and preparing your Request for Proposal list. The companies in the Logistics Planner have agreed to respond to your request for in-depth information and follow-up, and your request is totally confidential.

Software/Technology RFP/RFI

The Software/Technology is your direct pipeline to solutions for your logistics information technology challenges. It's your opportunity to have logistics experts look at your specific technology challenges and needs, and give you free, no-obligation advice, solutions, and information specific to your request. Whether it's WMS, TMS, Mobile or Cloud, our pros can help.

The companies listed below have agreed to respond to your request for in-depth information and follow-up. Your request is totally confidential.

Executive Education RFI

The Logistics and Supply Chain Education RFI can help you identify the schools, coursework, continuing education, distance learning and certification opportunities available from leading logistics educational institutions.

Upgrade and improve your logistics and supply chain skillsets. Whatever route you choose—advanced degree, executive education, certification or distance learning—the time and money you invest in your education today can pay off in continued career success tomorrow. Contact leading universities and professional institutions for the information you need to prepare for the future.

Third Party Logistics RFP/RFI

This 3PL Request for Proposal (RFP)/Request for Information (RFI) can help you find the 3PL and 4PL providers that can meet your specific 3PL service challenges and needs. The 3PL companies below will provide free, no-obligation third-party logistics advice, solutions, and information.

Ask your 3PL questions, you'll get answers. Simply complete the information, and detail your 3PL challenges. Then, check off the third-party logistics companies that you want to review your request.

1. Choose an RFI topic.
2. Enter your contact information and challenge.
3. Select companies and optional categories.
4. Submit.


2

Your Information



Your Challenge, Problem or Request *

3

Select Transportation Companies

  • Select All

  • 3Gtms
  • BluJay Solutions
  • CSX Trans. Intermodal
  • Kuebix
  • Landstar
  • Legacy Supply Chain Svs.
  • One Network
  • Pitt Ohio
  • Purolator
  • Quintiq
  • SEKO Logistics
  • SMC3


Select Relevent Categories

  • Air Freight
  • Intermodal
  • Motor Freight
  • Ocean Freight
  • Rail Freight
  • TMS

Select Warehouse/DC Management Companies

  • Select All

  • 3PL Central
  • Apex Supply Chain Tech.
  • Honeywell Intelligrated
  • Kuebix
  • Legacy Supply Chain Svs.
  • Swisslog
  • Westfalia Technologies
  • Zebra Technologies


Select Relevent Categories

  • Auto ID & Data Capture
  • Automation
  • Conveyors & Sortation
  • Lift Trucks
  • Packaging & Labeling
  • Pallets & Containers
  • Shelving & Racking
  • WMS

Select Supply Chain Companies

  • Select All

  • 3Gtms
  • 3PL Central
  • Amber Road
  • Apex Supply Chain Tech.
  • APICS
  • BluJay Solutions
  • CSX Trans. Intermodal
  • Frontier Business
  • Kuebix
  • Landstar
  • Legacy Supply Chain Svs.
  • Logility
  • One Network
  • Purolator
  • Quintiq
  • SMC3
  • Synchrono
  • TAKE Supply Chain
  • Westfalia Technologies
  • Zebra Technologies


Select Relevent Categories

  • Global Trade
  • Inventory Management
  • Risk Management
  • Sustainability

Select Software/Technology Companies

  • Select All

  • 3GTMS
  • 3PL Central
  • Apex Supply Chain Tech.
  • BluJay Solutions
  • Honeywell Intelligrated
  • Frontier Business
  • Kuebix
  • Logility
  • One Network
  • Quintiq
  • SMC3
  • Swisslog Logistics
  • Synchrono
  • TAKE Supply Chain
  • Zebra Technologies


Select Relevent Categories

  • ERP
  • Sales & Operations
  • Sourcing/Procurement
  • Optimization
  • Transportation Mgmt
  • Warehouse Mgmt

Select Executive Education Choices

  • Select All

  • Graduate Courses
  • Online/Distance
  • Executive Education
  • Certifications
  • Undergraduate
  • Seminars
  • Associations
  • Conferences
  • Tradeshows


Select Third Party Logistics Companies

  • Select All

  • 3PL Central
  • Landstar
  • Legacy Supply Chain Svs.
  • Purolator
  • SEKO Logistics
  • Westfalia Technologies


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