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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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Data Privacy Day 2024

Enterra Insights

Data Privacy Day (initially Data Protection Day) was initiated in 2006 by the Council of Europe. This data ranges from your interests and purchases to your online behaviors, and it is collected by websites, apps, devices, services, and companies all around the globe. Two years later, Data Privacy Day was observed in the United States.

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How the UAW Strike is Shaking Up the Automotive Supply Chain

Resilinc

Opened in 2006, this plant is responsible for building the Buick Enclave and the Chevrolet Traverse. While larger parts like chassis and engines are crucial—being unable to secure even a $0.01 Where possible, Resilinc recommends multi-sourcing on UAW-affected component suppliers and qualifying parts as a priority.

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Why Energy Supply Chains are Transitioning to Renewables

Requis

Despite the persistance of some strong fundamentals , 2020 may signal the true turning point in the shift to renewable sources for energy companies. This is not an isolated phenomenon: Norway has been divesting a number of funds of oil and gas investments, especially from high-carbon emission sources like Canadian oil sands.

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Will the Downturn Signal an Upturn?

Supply Chain Shaman

Many organizations will play the shell game of reporting forecast error so that the numbers look better: either calculating the forecast at a higher level in the forecast hierarchy (not at the item level) or reporting the data as a Weighted Mean Absolute Error. This gives supply chain leaders a false sense of security.

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How to Choose The Right Ecommerce Platform for Wholesale

Unleashed

Purchases made through wholesale eCommerce platforms are generally for large unit numbers – and often for products bought before – and will therefore be highly transactional. Its report on the B2B sector revealed two-thirds of corporate buyers now rely on digital channels as part of the purchasing experience. In the U.S.