06 May MH&L: Predictive Analytics for the Supply Chain
By analyzing supply chain data from across the company, Optimize identifies hidden inefficiencies to reduce costs, employs predictive analytics to gauge the impact of important business decisions and investments, and links order, transportation, and logistics data together to paint a clearer picture of a business’ entire supply chain.
The Optimize platform sends actionable alerts so that companies can identify new opportunities and make their supply chains as efficient as possible. For example, the platform analyzes historical discount levels, predicts future shipping volume for specific carriers and notifies a company when they would gain or lose the advantage of a carrier discount. Further, the platform can predict carrier cost increases as well as prescribe the ideal time to begin an RFP process to procure carrier services.