Transcription of Supply Chain Intelligence: Descriptive, Prescriptive, …
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Supply Chain Intelligence: Descriptive, Prescriptive, …
Top performing companies are transforming and harnessing data adopting advanced analytical and dynamic optimization capabilities. Starting with descriptive analytics of the current state, they are moving to predictive analytics to describe the future or alternate states, and prescriptive analytics to optimize outcomes during the Supply Chain planning and execution phases. Supply Chain INTELLIGENCE: DESCRIPTIVE, PRESCRIPTIVE, AND PREDICTIVE OPTIMIZATION February, 2015 Bob Heaney, Research Director Supply Chain , Wholesale and Retail Practices Report Highlights 65% of companies believe that they need to improve their analytics capability. Only 50% believe that they are spending enough on analytics The move from historical descriptive analytics to a culture of organizational intelligence and the use of prescriptive analytics is a differentiating factor for top performers that allows them to OPTIMIZE and break away from the competition Top performers are times as likely to accrue landed cost updates as an order or shipment progresses.
www.aberdeen.com Supply Chain Intelligence: Descriptive, Prescriptive, and Predictive Optimization 3 times more likely to embrace analytics than low performers.
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