Using Predictive Analytics to Plan Inventory to Support Product Warranty Claims

Using Predictive Analytics to Plan Inventory to Support Product Warranty Claims

Understanding Predictive Analytics and Predictive Understanding

The term predictive analytics refers to the analysis of existing data to create forecasts that when properly applied, help avoid future problems. While kaizen helps spot problems live on the manufacturing floor, using predictive understanding methods provides an opportunity to:

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Inventory Management in the Age of Big Data

With a booming tech industry in conjunction with the entrepreneurial spirit, business owners today have a myriad of tools and software available to increase sales and profits while increasing ROI exponentially. Understanding inventory management in the age of big data is essential for any industry looking to get ahead in an ever-increasing competitive marketplace.

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