The Ledger
Curated content foranalytical business leaders
The Right Technology Can Save the Food Production Industry
August 9, 2018
According to the CIO at Maple Leaf Foods, Andreas Liris, the global food production is heading towards a crisis. The system is unsustainable, and things will only get worse unless a solution arises. That solution is potentially utilizing a technology that enables production supervisors to do on the shop floor everything they do in their offices, including keeping track of materials and inventory, making process orders, scanning labels, and staying in touch with others. The act of moving between the floor and office was an inefficient process for production supervisors and they had to decontaminate every time they entered the production area.
Read More at The Digitalist by SAP >
A Profitable Approach to Product Returns
August 8, 2018
Customer behavior after a purchase can be difficult to predict, which is why many large retailers have very lenient return policies. However, in recent years, these companies have noticed customers taking advantage of these policies and ultimately cutting into profits. Yet new tools and technologies make it possible to segment customers and impose stricter return policies on those whose past behavior warrants it. These predictive models are unique to each retailer, but the right tools will help retailers manage their returns profitability while delivering a positive customer experience.
Read More at The Sloan Review >
Forecasting Labor Costs for 2030
August 7, 2018
“Organizations around the world could add more than $2.5 trillion to their annual labor costs within 12 years as a result of the global shortage of highly skilled workers, according to new research from Korn Ferry. The report follows up on the recruiting and workforce management firm’s forecast that talent shortage could cost companies $8.5 trillion in unrealized annual revenue by 2030. The United States will face the biggest “wage premium” in 2030, at $531 billion, Korn Ferry says. The term refers to the additional amount employers will need to pay to secure the right talent, above the amount that wages would rise over time due to normal inflation.”
Take Control of Your Cash Flow with Predictive Analytics
August 6, 2018
Building, developing and growing any business is a challenging endeavor. Growing companies that are more successful than their rivals at navigating this high-stakes environment usually have access to capital that helps cushion the blow of late payments and unplanned costs, optimizes working capital when budget items cannot be redirected, and helps business owners invest in resources to seize new opportunities and mitigate emerging risks.Getting funding for most businesses, unfortunately, is still a challenge. However, one way that midsize companies can improve their chances of getting funding is with better insight- predictive analytics.
Read More at The Digitalist by SAP >
