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The expanding scope of procurement analytics: Some initial thoughts

NC State SCRC

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).

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Visibility: If Only I Could See

Supply Chain Shaman

The IT taxonomy for visibility is supply chain analytics. In 2004-2006, Greg Aimi (now a Gartner analyst) and I worked on a common definition of visibility for over a year. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues.

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Let the Qs Begin

Supply Chain Shaman

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. The use of channel data into advanced analytics to sense demand.

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Notes from ProcureCon Indirect West at the Wigwam in Phoenix Arizona

Supply Chain View from the Field

I was amazed at the speed and convenience of the technical solutions emerging in the procurement area, based on the discussions I had with the individuals present. the challenges involve ensuring data is entered correctly and also can be used to drive insight through better spend analytics, contract accessibility, and supplier scorecards.

Phoenix 84
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10 Must-Read Supply Chain Analytics Books for 2023

SCMDOJO

If you want to gain more supply chain analytics knowledge, you’re in the right place. We’ve compiled a list of 10 great supply chain analytics books to help you better understand the concepts and strategies behind this vital business field.

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Using the Bits: Building Digital Outside-In Processes

Supply Chain Shaman

As a result, companies like AstraZenca, BASF, Colgate, Reckitt Benckiser, Seagate, and Taiwan Semiconductor outperformed their peer group in the period of 2006-2014, but sustained improvement becomes more and more difficult. We are just beginning to understand how to use sentiment data and new forms of analytics. Analytics Maturity.

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Rockwell Automation: Supply Chains to Admire Winner

Supply Chain Shaman

The orbit chart in Figure 1, shows the relative rate of improvement at the intersection of inventory turns and operating margin for the period of 2006-2017. Orbit Chart for Rockwell Automation at the Intersection of Operating Margin and Inventory Turns for the Period of 2006-2017. Ernest Nicolas joined Rockwell Automation in 2006.