EC Sourcing Group

JULY 26, 2022

Advanced analytics exceeds standard business intelligence (BI) using state-of-the-art technology and tools to create data asset information and real-time statistics. These diagnostic analyses help businesses predict market trends, optimize global supply chains, to make quicker, strategic decisions to pursue financial opportunities.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. With supply chain management analytics software, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Shaman

OCTOBER 13, 2022

On this tour, I heard Jeff Ma, a former member of the MIT blackjack team, speak on the use of analytics to make better decisions in “beating the house.” The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. A focus on functional metrics throws the supply chain out of balance.

Supply Chain Planning Software 219

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 219

Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. Maturity in Analytics.

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 322

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

SCMDOJO

APRIL 29, 2024

Whether you’re a business owner, manager, or simply curious about the inner workings of the global economy, this article will provide you with a solid foundation. We’ll also delve into the importance of technology and data analytics in optimizing supply chain operations.

Supply Chain Planning Software 83

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 83

ivalua

SEPTEMBER 14, 2022

Yet despite the availability of new platforms and analytics tools, supply chain risk management strategies remain in their infancy post-pandemic. Black Swan events are expected to come at shrinking intervals, so organizations must think about where disruption will come from and how it will affect global supply chains.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

HICX Solutions

FEBRUARY 15, 2024

As an increasing number of organizations engage with vendors on a global level to fulfill their supply chains, the need for supply chain robustness has never been so critical. This has been acutely highlighted since the turn of the decade due to global events. The Global Supply Chain Landscape: What is the current situation?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

Precoro

JULY 16, 2023

These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

GlobalTranz

OCTOBER 6, 2021

Focusing on the transportation metrics that have the greatest impact on the supply chain can help managers stay attentive to both short-term and long-term goals and needs. . Descriptive analytics focuses on utilizing historical data to understand events that transpired and what happened within the network over a set period.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Supply Chain Shaman

JANUARY 31, 2022

My observation is that over the last two decades and the myriad of mergers and acquisitions and the building of global supply chains, five things happened which makes it harder for organizations to make good decisions at the pace of business: Alignment. Using the new forms of analytics test and learn on market approaches.

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

Supply Chain Shaman

DECEMBER 28, 2020

In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay. The third story is a very profitable global brand with regional supply chain structures. The movement from regional to global supply chains increased corporate politics with few having clear governance.

Supply Chain Planning Software 415

Supply Chain Planning Software Forecasting Forecasting Software Modeling 415

Logistics Viewpoints

MAY 19, 2022

He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supply chains. Operational innovations like the invention of containers led to the huge growth in global value chains, and today 95% of manufactured goods move on ships.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

Supply Chain Shaman

FEBRUARY 7, 2022

My observation is that over the last two decades and the myriad of mergers and acquisitions and the building of global supply chains, five things happened which makes it harder for organizations to make good decisions at the pace of business: Alignment. Using the new forms of analytics test and learn on market approaches.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). At Mars, procurement (commercial as it was called) was one of the most highly regarded of the professions.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Supply Chain View from the Field

AUGUST 24, 2015

The team will assist the Austin’s with a transition plan and identify metrics (and record keeping needed for these metrics) so that the Austin’s and other transitioning dairies have a heightened chance of success as they move from suppliers of raw milk, to small businesses producing finished dairy products for sale.

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

Supply Chain Shaman

MARCH 21, 2024

The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. Today, 56% of global multinational companies greater than 5B in revenue have a supply chain center of excellence. Lack of aligned metrics. I used to think so, but now, I say, ” Be careful. They take different forms.

Inventory Reduction 406

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 406

Supply Chain Shaman

FEBRUARY 14, 2022

Organizations can align to drive value despite the allegiance to functional metrics. Every time I published a report, he would call me and express his concern that I did not fully understand the issues of the global supply chain organization. Shifts in Thinking on Planning Processes When Embracing New Forms of Analytics.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Logility

APRIL 29, 2021

As global supply chains and procurement scrutiny become more and more complex, risks increase and the range of stakeholders who demand a compliant supply chain has increased from simply regulators to investors, providers, partners, consumers, and the media. Maintain a vendor scorecard with profiles and performance statistics.

Optimal Sourcing 203

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 203

Logility

AUGUST 15, 2023

The average volume, rising expenditures, and varying price arrangements for each item across multiple suppliers further complicate the procurement landscape. This broad spectrum must be captured fully, including metrics on energy consumption, water usage, and overall environmental impact,” explains Vethuizen.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. transportation metrics ?that Descriptive analytics focuses on utilizing historical data to understand events that transpired and what happened within the network over a set period. today’s freight market, OTR freight services?enable?continued

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain Shaman

JULY 30, 2022

Here I want to address the question, “Why is the focus on the basics of supply chain a barrier to adopting new forms of analytics and supply chain processes? ” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.).

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

ThroughPut

APRIL 30, 2024

ThroughPut AI: For Making Intelligent Decisions Across the Supply Chain Watch On-demand Demo ThroughPut AI has been recognized as a Leading Vendor in the prestigious 2023 Gartner Market Guide for Analytics and Decision Intelligence Platforms in Supply Chain. The platform primarily helps predict demand and improve customer experience.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Logistics Viewpoints

JUNE 1, 2023

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. Here are some highlights from these trends in 2023 and implications on supply chain planning. in 2021 compared to the year before.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. As background, Peter Gibbons is the Executive Vice President, Global Supply Chain for Mattel, Inc. I recently interviewed him for my upcoming book, Metrics that Matter, that publishes in August 2014.

Procurement Analytics 260

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 260

Supply Chain View from the Field

NOVEMBER 10, 2014

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Does procurement add to top line revenue.

Manufacturing Procurement 124

Manufacturing Procurement Procurement Conference North America 124

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Supply Chain Shaman

SEPTEMBER 2, 2016

The reasons are many: early retirements, growth in global markets and the growing importance of supply chain leadership. Before I started doing this research, I believed procurement and manufacturing were aligned. Analytics Techniques for Supply Chain 2030. The struggle is what to do? What defines success to fill this gap?

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Strategy Supply Chain Design Software Supply Chain Software 0

American Global Logistics

JULY 14, 2023

However, there is a need for more precise and comprehensive metrics to understand the full economic impact of supply chains. Supply Chain Disruptions and Economic Consequences Supply chain disruptions can have significant consequences for the global economy. business logistics amounts to 9.1% of the country's GDP or $2.3

North Carolina 52

North Carolina Supply Chain Software Modeling Procurement Analytics 52

Supply Chain Shaman

SEPTEMBER 17, 2014

Last week was the Supply Chain Insights Global Summit. There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. The use of channel data into advanced analytics to sense demand. Aligned Metrics. It was great to see old faces at the kick-off.

Optimal Sourcing 305

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 305

SYSPRO Smarter ERP

MARCH 27, 2023

The term “supply chain” started being used in the mid-1990s as global political conditions changed in ways that encouraged international commerce. The belief in globalization is also now being challenged. Greater cross-functional decision-making should be implemented with finance, procurement , and supply chain working together.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Modeling 104

ThroughPut

MAY 3, 2024

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. This involved procurement, maintenance, and transportation of military facilities, services, materials, and personnel.

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

The Logistics of Logistics

JUNE 23, 2022

We’ve seen how the lockdowns in Shanghai snarled global supply chains. The ongoing Ukraine–Russia conflict has caused turmoil in significant parts of the global food chain, and in fact, Ukraine is a major exporter of barley (30% of global totals), wheat (25%), and sunflower oil (60%). of global retail sales by the end of 2022.

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 238

The Logistics of Logistics

NOVEMBER 5, 2021

In light of the global environment in the past year and a half, we listed the top transportation & logistics influencers. He is also the Founder and Co-Director of the MIT FreightLab – a research initiative that works on improving the way freight transportation is designed, procured, and managed. Cassandra Gaines.

Logistics Network Optimization Software 147

Logistics Network Optimization Software Transportation Supply Chain Design Software Supply Chain Planning Software 147