Remove 2007 Remove Big Data Remove How To Remove Sourcing
article thumbnail

The expanding scope of procurement analytics: Some initial thoughts

NC State SCRC

Thus, the focus of procurement management in this era was chiefly on how to efficiently trace and utilize tangible and intangible goods purchased from suppliers. Moreover, sourcing organizations increasingly adopted centralized sourcing strategy, raising the importance of data analytics in sourcing.

article thumbnail

Managerial Practice Will Need to Catch up with the Emergence of Real-time Supply Chains

NC State SCRC

Real-time data is enabled by the emergence of cloud computing and mobile devices, which creates “big data” technology platforms that process higher volumes of internal and external data from multiple sources. Much of the data is “integrated” (e.g.,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

50 Online Resources for Aspiring Supply Chain Scholars

Supply Chain Opz

You may have to spend lots of time in libraries to gather information, try to understand strange terminology and try to figure out how to draw useful information. So let's have a look :) Find Valuable Data 1. Eliminate cliche using Cliche Finder Do you know how often you use cliche in your writing? Resource: R Stat 21.

article thumbnail

Growing Challenges in Supplier CSR Monitoring are Being Met with Powerful Digital Solutions

EcoVadis

This is creating a ‘triple-whammy’ of imperatives for procurement teams — and their trading partners — to monitor and manage risk, while at the same time exposing new sources of value that will be the key differentiators in the future. Additional data such as sustainability indicators, can be attached at each step in the chain.

article thumbnail

Top 2016 Supply Chain Strategy Posts from the Supply Chain Link Blog

Arkieva

In this post, Bram Desmet outlines the three main categories of supply chain complexity — Planning/Sourcing/Making/Delivering, Processes/People/Tools/Analytics, the impact of fast changing technology, increasing market speed and turbulence, attracting and developing talent. Supply Chain Complexity 1 – Plan/Source/Make/Deliver/….

article thumbnail

When We Don’t Have Answers, We Need to Work Quickly To Build Them

Supply Chain Shaman

Does anyone want to wager with me how many of those ships have inventory that is not really needed in the supply chain? We started the pandemic with an average of twenty-one more days of inventory on average across industries than at the start of the 2007 recession. Could Outside-in Thinking Help? The reason?

article thumbnail

When We Don’t Have Answers, We Need to Work Quickly To Build Them

Supply Chain Shaman

Does anyone want to wager with me how many of those ships have inventory that is not really needed in the supply chain? We started the pandemic with an average of twenty-one more days of inventory on average across industries than at the start of the 2007 recession. Could Outside-in Thinking Help? The reason?