Remove 2009 Remove Data Remove Innovation Remove Procurement Analytics
article thumbnail

Data Privacy Day 2024

Enterra Insights

Data privacy is a big deal. We sit on the cusp of a new business era driven by artificial intelligence (AI); however, without data AI doesn’t work. That’s why there is a growing tension between data availability and data protection. Two years later, Data Privacy Day was observed in the United States.

Data 130
article thumbnail

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).

Insiders

Sign Up for our Newsletter

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

article thumbnail

Trends 2023: Retail

Enterra Insights

Jocz noted, “Purchases depend on consumers’ having disposable income, feeling confident about their future, trusting in business and the economy, and embracing lifestyles and values that encourage consumption. Journalist Audrey Kemp reports that changing consumer behavior has permanently affected omnichannel operations.

Trends 130
article thumbnail

How to Reduce Costs and Invest in Better Technology at the Same Time

AB&R

This is why many companies invest in innovation before and during the toughest times to help them quickly cut costs while creating new labor efficiency and productivity. These reports found that 9% of roughly 4,700 companies studied outperformed their competitors by at least 10% in sales growth and profit [1].

article thumbnail

Synthetic Data and Natural Results

Enterra Insights

The lifeblood of the Digital Age is data. Between people, businesses, and machines record amounts of data are being generated every day. So why do we need synthetic data? ”[1] Sigal Shaked, CTO and Co-Founder of Datomize, a business that promotes the use of synthetic data, agrees with Lucini’s assessment.

Data 130
article thumbnail

Biogen Idec designs the innovation supply chain

Supply Chain View from the Field

” He noted that “My passion is Process Analytics: taking business datasets and using my technical background in engineering. I love data and analytics that create insights into processes and approaches.” In 2009 we were $2B, and suddenly had five new drugs approved in two years.

article thumbnail

Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.