Archive for Machine Learning

Using AI & ML in Retail Supply Chain Planning

Companies like Amazon, Walmart, Alibaba, and Zara are leading the path in the use of technology and advanced analytics in managing supply chains.  Artificial Intelligence (AI) and Machine Learning (ML) are of the hot topics being discussed in the retail world. Across the globe, whether they are grocery, mass merchant, or fashion, retailers are looking for ways to make faster and smarter decisions using this technology.  Among the leading applications of AI & ML in […]

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FourKites Visibility 2020: Setting the Stage for Success

As I’ve mentioned a few times here, COVID-19 has changed the nature of my job. Two weeks ago, instead of traveling to an in-person event, I joined the FourKites Visibility 2020 conference from the confines of my home office. The conference was an excellent event, with a clear message of how the company is moving forward during the current pandemic, a vision of what is to come, and a number of customer success stories.

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Editor’s Choice: 5 Ingredients for Predicting Accurate Shipment ETAs

Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article comes from Vivek Vaid, CTO at FourKites, and examines how to predict accurate shipments ETAs. Predictive intelligence is a big deal these days. In talking to one of our customers, it occurred to me that despite the advances FourKites has demonstrated in machine learning and data science, […]

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The TMS Outlook: 2020 Update

I recently wrapped up my Transportation Management Systems market study which looks at the total size of the market, the forecasted growth through 2024, and the leading suppliers across a number of categories including industry, region, and customer size. The study includes a holistic view of the TMS outlook. I was recently interviewed by ARC Advisory Group’s Allen Avery to take a deeper look into the TMS outlook for the foreseeable future and identify some of the larger trends in the TMS market.

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AI is Changing Everything We Thought About Forecasting Demand

The rise of cloud computing, smart devices and IoT have all resulted in a massive data explosion. By 2025, the amount of data will double every 12 hours. AI now has the ability to consume data far more efficiently than humans, delivering on the possibility of insights and predictions never before imagined. But McKinsey reports that only 33% of organizations are effectively using internal and external data to take advantage of AI capabilities. Predicting future […]

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Digital Transformation of your Supply Chain Network in the Age of AI

Trying to understand and implement artificial intelligence (AI) for your supply chain network during your digital transformation efforts, or let alone finding the right partner in your journey, is like walking in an enchanted forest full of myths, ogres, and lost souls trying to find a way out. Finding the right path in there to an eternal bliss starts with knowing what is not right. Implementing AI is not a small feat and you may get bombarded with vague definitions and stories about how AI makes the world a better place. Let’s look at a few common myths you may come face to face with in your quest to transform your supply chain network by using AI while going digital in your organization.

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Transportation Execution Snapshot

I am finishing up my latest market study on global transportation execution and visibility systems. Transportation Execution Solutions (TE) allow shippers to connect to multiple carriers and then tender, track, and pay in the system. Visibility solutions allow real-time asset tracking across the entire distribution network. This enables improved estimated arrival times of goods. Visibility solutions are playing a larger role in the market, as real-time tracking of assets becomes more important. Suppliers of visibility […]

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How to Put Data Science to Work for Your Supply Chain

Driving operational growth and increasing supply chain efficiency in today’s ever-changing business world is a top priority for many companies. In order to grow in a rapidly evolving marketplace, organizations must possess the ability to use advanced algorithms and data analytics to generate the next wave of supply chain value. With the abundant data available and the advanced technologies now accessible to help harness it, organizations must establish effective strategies to curate data, produce and […]

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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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Achieving Energy Savings through a Digital Transformation: The Vopak Case Study

Vopak, a leading operator of tank terminals, is undergoing a digital transformation. One of their projects occurred at their Savannah terminal. New sensors, machine learning, and optimization drove significant energy savings.

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