Harnessing the power of predictive analytics

Harnessing the power of predictive analytics

7 maart 2018

Big Data provides supplier networks with greater data accuracy and insights, leading to more contextual intelligence. However the real opportunity for complex supply chains is implementation of predictive analytics and learning algorithms to analyse the wealth of data coming in from the web, point of sales and other sources. This allows Supply Chain leaders to understand the state of their supply chains in real time, ask the right questions and take effective decisions to grow sales, improve service levels and reduce inventories.

March 5-7 2018, the community of supply chain leaders from industry-shaping brands came together on their annual Supply Chain Leadership Conference in Warsaw, Poland. At this conference EyeOn’s Forecast Services hosted an expert session on harnessing the power of predictive analytics, for real time supply chain intelligence.

How to make it work?

  • Start collecting & storing data as of tomorrow
  • Build strong analytical skills – often centrally organized
  • Do not make analytics a stand-alone exercise – embed in process
  • Develop fact-based collaboration & communication – planner as orchestrator

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