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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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Who Should Be In The Winner’s Circle?

Supply Chain Shaman

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. The first step was to charter a research project with the Arizona State University statistics department to analyze which combination of metrics drives the highest market capitalization. The result? The reason?

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Rivian’s Missed 2022 Production Performance and Executive Turnover

Supply Chain Matters

Supply Chain Matters highlights reports that Rivian Automotive fell short of its 2022 vehicle production goal and that several top executives have departed the company, including the company’s purchasing head. Previously, the company’s initial Chief Operating Officer departed at the end of 2019. Executive Departures.

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The Manufacturers Health Check: Firms Holding Double the Stock Amidst ‘Inventory Crisis’

Unleashed

The Manufacturers Health Check report shows SMEs in the UK, New Zealand and Australia were forced to hold record levels of stock in Q3 2022 – a response to billowing international lead times. We did this by analysing four key metrics: The average value of total stock on hand – reflecting the volume of goods held (plus impacts from inflation).

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Synthetic Data and Natural Results

Enterra Insights

Science writer Anjana Ahuja ( @anjahuja ) reports, “In an algorithm-driven world where data is king, one misstep can lead to a royal mess. Netflix discovered this in 2009 when it released anonymized movie reviews penned by subscribers. ” Shaked adds, “AI/ML models are starved for data.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Overcome supply chain challenges – and maximize margins in the face of inflation – with retail planning software and demand forecasting tools. Material Handling & Logistics ).

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Ecommerce Venture Capital Trends: Which VCs & Seed Investors are Investing in Ecommerce?

ShipBob

It has been forecasted that by 2040, approximately 95% of all purchases will be facilitated by ecommerce. Google now has a market cap of $831 billion, as of 2019. Founded in 2009, Forerunner Ventures specializes in investing in commerce-related businesses including Warby Parker, Away, Jet, Hims, Hers, Glossier, Bonobos, and others.

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