Archive for Business Intelligence

Big Data, Big Possibilities: The Power of a Telematics Platform

Fleet telematics has a robust return on investment. Multitenant platforms can be an elegant way to collect Big Data. Big Data, used right, has great power. Put them all together and what do you get? An interesting logistics technology. The Geotab Telematics Platform Telematics solutions provide truck fleets with the ability to remotely monitor the location, status, health, and activity of vehicles.  Geotab is the telematics company that gathers Big Data for analysis in their […]

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Benchmarking: Avoid Being The Tallest Pigmy

Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. It is used to measure performance using a specific indicator or indicators resulting in a metric of performance that is then compared to others to assess how well or how poorly a company is performing. This is sometimes referred to as “best practice benchmarking” or “process benchmarking”.  Management uses this process to evaluate various aspects […]

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Machine Learning in the Supply Chain

One area of interest in today’s end-to-end supply chain is machine learning. And this is certainly a topic that we have written about quite often. Over the last few months, Steve Banker, Clint Reiser, and I have written about artificial intelligence and machine learning in a number of contexts and how it impacts the supply chain. These topics have included transportation management, warehouse management, and supply chain planning, among others. This technology continues to be […]

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Modern Business Intelligence for E-commerce Shipping

Organizations must properly execute their e-commerce shipping strategy to survive in today’s market. Business Intelligence is critical to proper execution, providing opportunities to significantly shift, reduce, and manage global transportation costs without sacrificing service.

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Using Big Data to Improve Your Supply Chain

The term “big data” has been one of the hottest buzzwords over the last couple of years, and that’s not a big surprise. Statistical science and data analytics can help organizations (of any size and type) obtain historical measurements and generate actionable information that increases supply chain visibility, drives operational efficiency and supports overall growth. But knowing the importance of having access to data is only the first step. Organizations need to have the right […]

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The Citizen Data Scientist

Mike Guilfoyle of ARC has been doing some interesting writing on predictive analytics. One of the terms he uses is the “citizen data scientist.”  I like the concept, and will explain Mike’s thinking in this article. But let me provide a little context first.  It would be easy for a supply chain executive, or any business manager, to ask what is the difference between “predictive analytics” and “forecasting.”  Forecasting is based on traditional mathematical and […]

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eCommerce Company uses Artificial Intelligence to Improve their Value Chain

Plated is using  machine learning and artificial intelligence to improve diverse operations across their value chain. These operations include product development, customer engagement, sales, and forecasting.

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The Peril of Circular Reasoning in Machine Learning and Forecasting

Machine learning engines can take data on forecast accuracy and use that data to automatically improve the forecast model. However, three is a rub. Lost sales is a key piece of data on the accuracy of the forecast, but lost sales is generated with a demand forecast. This is circular reasoning. But that does not mean this analysis is without value.

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Business Intelligence Can Deliver Positive Supply Chain and Business Results, Using Information Already Being Captured Through Existing Processes

Logistics professionals have access to tons of data. However, it may be challenging to get the exact information needed quickly so that it becomes actionable, driving strategic decision making, rather than a historical review of tactical actions and transactions. To seek a better understanding of daily transportation operations, an important first step is implementing a supply chain business intelligence (BI) solution that offers greater insight and helps drive strategic, proactive decision making. If a company currently […]

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The Arms Race to Leverage Machine Learning in Supply Chain Planning

Artificial intelligence (AI) is hot.  Over $4 billion in venture capital has been invested in AI firms just in the US. But supply chain planning software companies, with their cadre of operations research Ph.Ds who have been modeling complex problems for decades, may be better poised to solve many complex business problems than the hot new Silicon Valley firms.

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