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It\\u2019s episode two of our brand new Sifted mini-series!

Last week on episode one, we took a closer look at the Sifted Score. I was joined by Chief Experience Officer Ami to explore exactly how the Sifted Score works; how it helps to deliver categorized insights for quick actions; and how Sifted are empowering shippers to make confident and future-proof decisions.

Today in episode 2, we\\u2019re turning our attention to predictive modeling. I\\u2019m joined by Kevin Miller, VP of Data Insights at Sifted, to talk all about what simulation and modeling means; common misconceptions; the benefits of using simulation to make smart supply chain adjustments; and how predictive modeling has the potential to revolutionize your business\\u2019s sustainability goals.

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IN THIS EPISODE WE DISCUSS:

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[01.36] Exactly what modeling and simulation means, and the differences between the two.

\\u201cPeople bucket modeling and simulation together quite often, but they\\u2019re quite different\\u2026 most of the tools that people have can\\u2019t process the amount of data that simulation takes in this industry \\u2013 we call it Excel hell!\\u201d

[03.27] Some of the common myths and misconceptions around simulation, and how Sifted address them with their customers.

\\u201cThe biggest thing people say is that they can\\u2019t do an apples to apples comparison\\u2026 because this industry always changes... We really try to debunk those myths.\\u201d

[09.09] An overview of Sifted\\u2019s modeling and simulation solution, and why they call it a \\u2018virtual sandbox.\\u2019

\\u201cWe\\u2019ve built these solutions to help our users focus on what\\u2019s important to their business specifically \\u2013 because it\\u2019s different for everybody.\\u201d

[11.51] A closer look at how Sifted\\u2019s modeling and simulation solution works.

[15.27] Integration and connectivity, and the importance of good data.

\\u201cWe\\u2019ve had a lot of really big, enterprise level clients come back and say \\u2018holy cow! It took us a year to get through this, and it took you two weeks \\u2013 how do you do it?\\u2019 Well, it\'s what we do every single day \\u2013 we\\u2019ve built the infrastructure to handle it.\\u201d

[17.02] Kevin shares the kinds of challenges Sifted\\u2019s modeling and simulation solution can help solve for clients, and how they\\u2019re using the software.

\\u201cIt provides clarity and visibility, where previously people didn\\u2019t have any.\\u201d

[19.17] Kevin reflects on empowering confident decisions through Sifted software, and why it\\u2019s so important in a climate with a heavy focus on mitigating risk and facilitating agility and transparency.

\\u201cWe live in an ever changing world of transparency\\u2026 so in order to succeed in this type of environment, you have to have a good grasp on the decisions that you\\u2019re making, and the impact of those decisions in the future.\\u201d

[21.35] How modelling and simulation can help businesses to tackle key sustainability goals.

[25.24] The ideal client for Sifted\\u2019s modeling and simulation solution.

[26.48] A case study detailing how Sifted\\u2019s modeling and simulation solution helped a key client determine the most strategic location for a new warehouse, ultimately saving them over a million dollars in shipping expenses, helping them to reduce their average transit time, and reduce their carbon foot print.

[29.57] Why it\\u2019s so important for businesses to invest in future-proofing their business, to set themselves up for success.

\\u201cIn order to be sustainable, you\\u2019ve got to be agile and you\\u2019ve got to start thinking about these different scenarios now \\u2013 or else you\\u2019re going to be left in the dust!\\u201d

RESOURCES AND LINKS MENTIONED:

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Head over to Sifted\\u2019s website now to find out more and discover how they could help you too. You can also connect with Sifted and keep up to date with the latest over on LinkedIn, Twitter, Facebook and YouTube, or you can connect with Kevin on LinkedIn.

If you enjoyed the show, why not check out episode 286, the first show in our Tomorrow\\u2019s Insights Delivered Today mini-series with Sifted.

Check out our other podcasts HERE.