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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

This is despite the purchase of Terra Technology Demand Sensing and Multi-tier Inventory Management (MEIO) in 2014 for 12-14M$ (including implementation). The solution was too black box. Hence the solution couldn’t be much maintained. We started the pandemic with twenty-one more days of inventory than we had in 2007.

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

EcoVadis

These trends are exposing even more potential risks to brand reputation, supply disruption and increased costs or volatility. But assessing and monitoring the CSR practices of suppliers worldwide poses tough challenges for procurement teams, across these dimensions: Geographic diversity.

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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 . This approach impairs flexibility to cope with the hazards of the various downstream systems (production tool, customer demand, etc.). – 10 key trends to understand Supply Chain Management Garnier A.

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Supply Chain Operating Networks Create Supply Chain Rockstars

Talking Logistics

Others add traditional licensed software or add-ons to the existing ERP to improve efficiencies, but when these solutions meet the outside world, they stumble for a number of reasons. Incorporating elements from social media, partners can interact, share interesting trends, broadcast and “like” posts through the network.

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S&OP, a vision for the future. The expert interview series #7

Supply Chain Trend

To get some answers for S&OP practitioners, Niels van Hove founder of Supply Chain Trend, interviewed a group of S&OP leaders. Supply Chain Trend will publish a weekly Q&A with these S&OP leaders. 64% think there is not enough coordinated innovation in S&OP processes. Where to go from here for S&OP?

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