Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. Or planned orders to purchase orders?) I struggle to find any consultants who are experienced enough with demand modeling to help. Go to the source. Data Everywhere, Insights Are Few. I encourage all to explore the data available and how to drive insights.

Supply and Demand 389

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 389

NC State SCRC

JULY 5, 2019

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019).

Procurement Analytics 40

Procurement Analytics Optimal Sourcing Analytics Software Procurement Solutions 40

Enterra Insights

MAY 6, 2021

In the area of big data, geological features are often used to depict the enormity of the data involved. ” Alexandrov and Vesselinov write, “A seemingly bottomless ocean of ‘big data’ has flooded our world. Hausman reports that many companies haven’t learned that lesson.

Prescriptive Analytics Software 130

Prescriptive Analytics Software Analytics Software Data Supply Chain Network Software 130

Enterra Insights

MARCH 13, 2018

The good news is almost every organization has access to data and, increasingly, has the means to mine that data. Gary Cokins ( @GaryCokins ), founder of Analytics-Based Performance Management LLC, asserts, “Analytics is becoming a competitive edge for organizations. ” Gaining a competitive edge.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Analytics Software Predictive Analytics Procurement Analytics 100

SCM Research

MAY 15, 2017

Today’s guest post comes from Lydia Bals, who presents project PERFECT’s recent insights on competences in purchasing & supply management. Digitization is expected to particularly impact PSM operational tasks with regards to automation: Sub functions, especially taking care of the purchase-to-pay process, are expected to disappear.

Purchasing Skills 113

Purchasing Skills Procurement Analytics Case Study Modeling 113

EazyStock

OCTOBER 10, 2018

Big data is a term used to describe a massive volume of both structured and unstructured data that’s too large to be processed using traditional database and software techniques. In most enterprise scenarios, the volume of data is too big, moves too fast and exceeds processing capacity of existing applications.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

Enterra Insights

MAY 31, 2022

We live in a digital age in which, according to Yossi Sheffi ( @YossiSheffi ), Director of the MIT Center for Transportation & Logistics, big data is an organization’s most valuable asset. Today, it’s not people but data that tops the asset value list for companies.”[1] 1] Staff writers at Gadget go even further. ”[3].

Supply Chain Software 130

Supply Chain Software Supply Chain Optimization Modeling Supply Chain 130

Enterra Insights

JANUARY 25, 2024

Most promotional materials for Data Privacy Day are aimed at users rather than businesses. For example, the National Cybersecurity Alliance notes, “Your online activity creates a treasure trove of data. Show people what they get in return for sharing their data. Remind people what data they shared and when.

Data 130

Data Modeling Software Supply Chain Design Software Analytics Software 130

ThroughPut

MARCH 24, 2024

Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. Demand planning and forecasting in the traditional sense relied heavily on a combination of limited and biased data and gut instinct. The unavailability of raw materials and changing consumer patterns heavily impacted demand.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer?

Procurement Analytics 71

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 71

Supply Chain Shaman

MARCH 12, 2019

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. These sources while functional are difficult to connect. Visibility Maturity Model.

Prescriptive Analytics Software 177

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 177

Supply Chain Shaman

NOVEMBER 29, 2021

Shippers pushed cost and waste backward in the supply chain. There is no planning model in traditional solutions that recognizes a logistics bottleneck and drives bi-directional orchestration across source, make and deliver. The news reports symptoms, not root causes. Changing Analytic Capabilities.

Supply Chain Planning Software 280

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 280

NC State SCRC

SEPTEMBER 23, 2016

IBM hosted a roundtable for the Center for Advanced Purchasing Studies, with executives from P&G, US Steel, CB&I, Mastercard, and others attending. In that session, Dan Carrell from IBM shared a number of key perspectives that is driving IBM to diversify into the world of analytics.

Optimal Sourcing 40

Optimal Sourcing Big Data Procurement Analytics Procurement Solutions 40

Procurement Academy

JANUARY 25, 2021

The retail staff is the most significant stimulus for the customer’s purchase decisions. Retail Academy is the newest venture of Procurement, Supply Chain, and Sales Academy. The employee’s progression throughout the training journey will be monitored through an influential Report Management Center.

Procurement Analytics 98

Procurement Analytics Buyer Training Purchasing Skills Retail 98

Supply Chain Shaman

NOVEMBER 29, 2021

Shippers pushed cost and waste backward in the supply chain. There is no planning model in traditional solutions that recognizes a logistics bottleneck and drives bi-directional orchestration across source, make and deliver. The news reports symptoms, not root causes. Changing Analytic Capabilities.

Supply Chain Planning Software 269

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 269

NC State SCRC

AUGUST 18, 2022

Artificial intelligence is growing rapidly across many organizational applications, and nowhere is this impact greater than in procurement. Given the recent rapid inflationary pressure and the challenges of significant material shortages in 2022, there is growing pressure on procurement to continue to deliver value, as never before.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

GlobalTranz

FEBRUARY 19, 2016

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. Why Is Technology Driving Procurement Trends and the Role of Procurement?

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 120

Enterra Insights

JUNE 1, 2020

When people hear or read the term “big data,” they initially think two things: It’s data and it’s big. First, let’s talk about what “big” really means. The volume of data being created is unprecedented and will only increase. How much data will it generate?

Big Data 147

Big Data Data Analytics Software Manufacturing Procurement 147

Supply Chain Shaman

NOVEMBER 29, 2021

Shippers pushed cost and waste backward in the supply chain. There is no planning model in traditional solutions that recognizes a logistics bottleneck and drives bi-directional orchestration across source, make and deliver. The news reports symptoms, not root causes. Changing Analytic Capabilities.

Supply Chain Planning Software 195

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 195

Supply Chain Shaman

JUNE 14, 2014

I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter. E2open last week announced the purchase of Serus. This purchase increases E2open’s capabilities for visibility into the processes of the outsourced semiconductor network of foundries.

Optimal Sourcing 287

Optimal Sourcing Manufacturing Procurement Procurement Analytics Modeling 287

RFgen

APRIL 16, 2013

By using automated data collection software to feed information into its big data analytics program, British grocery and merchandise retailer Tesco has dramatically boosted profits and more proactively met consumer demands. “That [program] has revealed some interesting insights,” the news source said.

Supply Chain Software 52

Supply Chain Software Big Data Optimal Sourcing Data 52

Enterra Insights

SEPTEMBER 28, 2020

… With an ever-complex consumer purchasing path, it can be difficult for a brand to know where exactly to adjust their efforts. To avoid diving blindly into new endeavors and wasting resources by consequence, CPG brands need sales and media data to direct and inform their alterations.”[1] Data and advanced analytics.

Data 100

Data Analytics Software Supply Chain Design Software Sourcing Strategies 100

Supply Chain Game Changer

APRIL 23, 2019

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers.

Procurement Analytics 50

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 50

Enterra Insights

JULY 31, 2019

Multinational enterprises deal with a dizzying array of paperwork involving procurement deals, purchase orders, shipping data, etc. ”[3] They go on to note, “A traditional ERP simply cannot keep pace with the rate of change and the need to innovate and optimize quickly, accurately, and cost-effectively. .”[3]

Supply Chain Planning Software 100

Supply Chain Planning Software Analytics Software Supply Chain Software Predictive Analytics Software 100

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. Doing this, increases the benefits.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

Procurement Academy

JANUARY 25, 2021

The retail staff is the most significant stimulus for the customer’s purchase decisions. Almost half of the consumers say they have purchased something more expensive than they originally planned because their customer experience was personalized. Their skills and knowledge are an important concern.

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Training 52

Enterra Insights

MARCH 30, 2020

Marketers understand the value of data, but many of them still struggle with challenges associated with big data. ”[1] Mastering big data challenges in order to increase advertising effectiveness is becoming an imperative. ” Good analytic results begin with good data. Kimberly A.

Big Data 113

Big Data Data Optimal Sourcing Sourcing Strategies 113

NC State SCRC

MARCH 22, 2019

” This session captures the essence of what I believe is wrong with procurement’s relationship with sales. It’s about time that we re-think the sales-procurement relatinship. How has the need for responsive supply chains shifted the role of industrial marketing and procurement?

Negotiate Pricing 56

Negotiate Pricing Procurement Analytics Negotiating Skills Purchasing Skills 56

RFgen

APRIL 16, 2013

By using automated data collection software to feed information into its big data analytics program, British grocery and merchandise retailer Tesco has dramatically boosted profits and more proactively met consumer demands. “That [program] has revealed some interesting insights,” the news source said.

Supply Chain Software 40

Supply Chain Software Big Data Optimal Sourcing Data 40

Arena Solutions

APRIL 4, 2023

IIoT is the connection of distinct devices within an existing internet infrastructure making it possible for manufacturers to make knowledgeable, strategic decisions using real-time data to improve cost reduction, efficiency, safety, product innovation, and more. Big data The use of big data is increasing in manufacturing.

Manufacturing Procurement 74

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 74

Enterra Insights

JANUARY 14, 2021

The rise of analytics has positioned companies to achieve closer customer analysis — on a far greater scale than feedback surveys or social media comments. With access to a mix of complex data sets from an array of sources, companies now have better insight into customer behavior, leading to higher sales numbers and better customer service.”

Customer Service 100

Customer Service Analytics Software Predictive Analytics Software Modeling Software 100

Enterra Insights

SEPTEMBER 6, 2018

For example, one often reads about companies collecting an ocean of big data; and, it’s a fitting comparison. ”[1] The same can be said for companies that never delve deep into the ocean of data they collect. The growing ocean of data. Companies are often compared to swimmers in an ocean of data.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Data Predictive Analytics Analytics Software 100

Claritum

MAY 12, 2019

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. 2 Technologies and Procurement Table. Machine Learning, Cognitive Analytics.

Analytics Software 36

Analytics Software Predictive Analytics Software Modeling Software Supply Chain Network Software 36

Supply Chain Shaman

SEPTEMBER 10, 2020

Demand latency is the time from channel purchase to order receipt.) We have tethered the supply chain to transactional enterprise data. While many companies attempt to improve the response by being reactive on traditional data sources, this is not the answer. Rising Complexity. What To Do?

Supply Chain Planning Software 413

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 413

GlobalTranz

AUGUST 1, 2018

In general, today’s supply chain executives and managers continue using outdated, manual data entry processes, which will increase risk. Even in blockchain, errors in data entry will result in continuous compounding negative effects and incorrect supply chain analytics insight. GET YOUR FREE WHITE PAPER. DOWNLOAD WHITE PAPER.

Supply Chain Planning Software 121

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Pharmaceutical 121

Talking Logistics

NOVEMBER 15, 2016

He defines each lever in the clip below, but in a nutshell, Assurance is about making sure you’re paying the right amount of money, Efficiency is about simplifying and facilitating all of the processes involved, and Insight is about “moving beyond providing reports and helping companies get value from this source of data.”.

Freight 0

Freight Analytics Software Procurement Analytics Sourcing Strategies 0

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Whether it’s purchasing, procurement, transport, technology, facilities, or other specialized areas, understanding your passion will influence the subsequent steps in this rewarding career path.

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 71