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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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Three Reasons Public Sector Must Transform Grants Management NOW

ivalua

They may lack resources required to meet programmatic and financial reporting requirements or mitigate the many risks of non-compliance. Inefficient, often disparate systems, as well as duplicative processes add to that complexity. The Procurement Link. Audit capabilities which help mitigate risk of fraud, waste and abuse.

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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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Throwing Down the Gauntlet

Supply Chain Shaman

“The idea of the value chain is based on the process view of organizations, the idea of seeing a manufacturing (or service) organisation as a system, made up of subsystems each with inputs, transformation processes and outputs. E2open last week announced the purchase of Serus. I believe that value is what you create.

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7 Best Supply Chain Books of All Time

Supply Chain Opz

Anyway, the access to this database costs an arm and a leg. Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics. Number of Copies in WorldCat Library System: we also check how well each book performs by looking into WorldCat Library System.

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Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

The supply chain is a complex non-linear system. At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Was this by design?