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Lifting The Gray Curtain

Supply Chain Shaman

Allyson Hatfield, demand planner at MARS Petcare presented. At the end of the presentation, I asked Allyson her perspective on open source analytics. My question was, ” Would the world of Python, R, and NoSQL offer for an improved modeling environment with a digital twin deployment. ” Her answer was telling.

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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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Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

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2020 Requires Big Wings and Feet

Supply Chain Shaman

The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. The budget is for a fiscal year with quarter reporting and updates. The direct connection between the two processes increases costs and increases error. 5 A Focus on Functional Metrics Throws the Supply Chain Out of Balance.

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The worst Supply Chain practices must be confessed and not only by constraint

KEPLER Consulting

Non-updated product sheets in ERP (purchase price, MOQ, Incoterm,…) resulting in non-compliant supplier orders . However, it is essential to react quickly in order to prevent harmful effects due to the overload of the operational system (Véronneau and Cimon, 2007) and also to preserve a certain agility in for the Supply Chain.

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GAAP for Accounts Payable: What it is and why it's important

Precoro

Accurate financial reporting is crucial for maintaining transparency, complying with laws and market regulations, and building trust in relationships with suppliers, creditors, and investors. Utilizing well-established accounting principles is especially important when there is a need to analyze and present data about payments and debts.

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Lessons from the Latest Forrester Wave Reports

ivalua

This month Forrester published 2 major Wave reports, which together span the full Source-to-Pay process. The first, authored by Duncan Jones and published on December 10, is The Forrester Wave™: eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ).