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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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Lifting The Gray Curtain

Supply Chain Shaman

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Using Analytics In the World of Gray.

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What is the return on ERP implementation? Results from our research

Supply Chain View from the Field

ERP systems are designed to integrate transactions from finance, human resources, procurement, operations, sales and marketing, logistics, and other functions in a firm. Our model would therefore predict that organizations who do not follow-up ERP deployments with other strategic efforts are not only missing out on the potential benefits!

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Twitter Insights from GT Nexus Bridges 2015 Conference

Talking Logistics

Transportation Analytics. Solutions addressing the financial side of the supply chain, including Procure-to-Pay, is another core differentiator for GT Nexus. Cavano @GTNexus predicts that within 3 yrs #IoT will provide more accurate, detailed, and real time info about shipments. Ready to Ship Rating, Planning, and Optimization.

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Why Your Approach to MDM Matters: Single Domain MDM Versus Multidomain MDM

HICX Solutions

McGraw Hill, 2007. Supplier Information Management (SIM), underpinned by MDM, is therefore leading the digital transformation in Procurement. Data can be made available across multiple systems and can be used for BI and analytics projects. Single version of truth. This results in bad data, wasted time and increased cost.

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Why Your Approach to MDM Matters: Single Domain MDM Versus Multidomain MDM

HICX Solutions

McGraw Hill, 2007. Supplier Information Management (SIM), underpinned by MDM, is therefore leading the digital transformation in Procurement. Data can be made available across multiple systems and can be used for BI and analytics projects. Single version of truth. This results in bad data, wasted time and increased cost.

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Why Is It So Hard to Find Good Help These Days?

Material Handling & Logistics

It is impossible to predict with certainty how AI, robotics and automation will affect SCM employment opportunities and requirements in the future. The fear of competitive disadvantage and the promise of gaining competitive advantages through data analytics has stimulated enormous internal investments in labor (i.e.,