Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Now, let’s take consumer products. What can we learn?

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Enterra Insights

APRIL 6, 2021

That’s where forecasting and predictive analytics come into play. Predictive analytics involve techniques like data mining and machine learning to predict future trends from past and current data. You might be asking yourself: What is the difference between traditional forecasting and predictive analytics?

Predictive Analytics Software 113

Predictive Analytics Software Predictive Analytics Analytics Software Modeling Software 113

Jaggaer

JANUARY 28, 2019

As we’ve explored in our last two blog posts, economists are predicting a decline in global economic growth due to policy and trade issues both in the United States and the European Union , bringing an increased risk to supply chains and procurement organizations.

Manufacturing Procurement 40

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Procurement 40

Enterra Insights

MAY 3, 2018

” Advanced analytics is playing (and will play) a significant role in omnichannel operations. Lori Schafer, Retail analytics technology executive, explains, “[Omnichannel analytics are] allowing the retailer to apply analytics to every step of the customer journey. ” Customer Think , 29 April 2017. [4]

Omnichannel 100

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Enterra Insights

FEBRUARY 13, 2019

”[1] Dr. Nipa Basu ( @nipabasu ), Chief Analytics Officer at Dun & Bradstreet, adds, “Machine learning is changing the way businesses look at data and presenting new analytics opportunities for companies of all sizes. ”[2]. ”[2]. Machine learning and the business of tomorrow. Greater efficiency. ” 10.

Optimal Sourcing 124

Optimal Sourcing Columbus Procurement Analytics Predictive Analytics 124

C3 Solutions

JULY 30, 2020

It's not the retailers aren't interested; in fact, they strongly believe that IoT will have a dramatic effect on business in the next three years , and 72 percent in a recent North American study said they were interested in IoT based automation, sensors and analytics. Where's the ROI?

Gartner 127

Gartner Internet of things Supply Chain Design Software Supply Chain Software 127

Enterra Insights

JULY 31, 2019

Multinational enterprises deal with a dizzying array of paperwork involving procurement deals, purchase orders, shipping data, etc. We must embrace the possibilities of Big Data, the Internet of things, blockchain technology, predictive analytics, and the growing unrest that these things bring to the industry.”[5]. ”[5].

Supply Chain Planning Software 100

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Enterra Insights

NOVEMBER 5, 2018

By December, 2017 had seen 26 major retail bankruptcies (defined in this case as companies with more than $50 million in liabilities).”[1] For businesses, this means that an efficient supply chain with a well-managed inventory tracking system is essential. Thus, they are always a step ahead.

Retail 100

Retail Supply Chain Planning Software Analytics Software Forecasting Software 100

Enterra Insights

MARCH 26, 2018

In another article, Nahata predicts, “By 2021, 25% of large global companies will be piloting or using artificial intelligence automation in transactional procurement.”[5] There were only a handful of e-commerce companies offering this feature in 2017 but the trend will pick up in 2018.” 5] Sawaram Suthar ( @sawarams ?),

Logistics Network Optimization Software 100

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IQMS

OCTOBER 18, 2019

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. 15th, 2017 (PDF., How the Use of Big Data Analytics Affects Value Creation in Supply Chain Management. no opt-in).

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Enterra Insights

APRIL 4, 2018

Also, the expanse and coverage of these technologies have multiplied, as enterprises continue to integrate with suppliers, co-packers, manufacturers, warehousing teams, and procurement service providers. “In 2017, WannaCry ransomware outbreak exacted damages valued at more than $4 billion. ”[3]. ”[4].

Risk Management 100

Risk Management Supply Chain Design Software Supply Chain Planning Software Analytics Software 100

IQMS

JULY 11, 2019

Asset Management, Supply Chain Management, and Inventory Management are the hottest areas of artificial intelligence, machine learning and IoT adoption in manufacturing today. Manufacturer’s adoption of machine learning and analytics to improve predictive maintenance is predicted to increase 38% in the next five years according to PwC.

Manufacturing Procurement 42

Manufacturing Procurement Optimal Sourcing Modeling Manufacturing 42

Veridian Solutions

JANUARY 8, 2020

The use of an order management system can dramatically improve product cycle times, reduce errors in order fulfillment , and lend itself to better inventory management strategies. Additional benefits include improved inventory management , better order accuracy, and real-time order status reports to improve customer service.

Supply Chain Planning Software 53

Supply Chain Planning Software Inventory Management Software Analytics Software Demand Planning Software 53

Supply Chain Game Changer

NOVEMBER 19, 2018

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. The Cash Cycle is a function of the days of Accounts Receivable, Accounts Payable, Inventory and Capital Expenditures. The Supply Chain function within your company has many responsibilities.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Shaman

NOVEMBER 27, 2016

Could we define business network flows through Apache Spark which can move real-time data like telematics, GPS, weather and temperature data, and sensor information at the speed of business to drive new forms of prescriptive analytics? Traditional procurement functionality in SRM focused on improving transactional efficiency.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Trends Prescriptive Analytics Software 150

Logistics Bureau

JANUARY 7, 2020

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. Development of analytical and network design skills within the company’s supply chain teams. Inventory shortages. Place your main inventory holdings close to your logistic partner’s central hub.

Inventory Reduction 101

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Enterra Insights

AUGUST 14, 2019

Analytics can give companies deep insights into these aspects of their customers.” Matt Butler writes, “Effective management of inventory procurement and replenishment … will increasingly influence the consumer experience. Focus on customer wants and needs. ” Footnotes. [1] ” Footnotes. [1]

Price Reduction 100

Price Reduction Inventory Reduction Optimal Sourcing Procurement Analytics 100

Enterra Insights

JUNE 14, 2019

Michael Watson, an instructor at Northwestern University and a founding partner at Opex Analytics, explains, “‘AI’ is a tech buzzword that seems to take on a new meaning each time you hear it. AI systems can also help with inventory control, logistics movement, and numerous other retail-related activities.

Supply Chain Network Software 113

Supply Chain Network Software Optimization Software Analytics Software Predictive Analytics Software 113

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). Diversified Industry Performance For the Period of 2010-2017. Meet Ernest.

Supply Chain Software 33

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 33

Enterra Insights

JUNE 13, 2019

.” He suggests focusing on forecasting, inventory, supplier relations, and market awareness. 6] Karan Girotra, “ Rethinking Resilience in Global Supply Chains ,” INSEAD Knowledge , 24 March 2017. [7] Cognitive technologies can help in each of those areas as well. Technology. ” Design. Footnotes. [1]

Supply Chain Design Software 100

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The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Advanced and predictive analytics. Advanced and predictive analytics are deployed in real- or near-real time. That’s an increase from 17% in 2017.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). Diversified Industry Performance For the Period of 2010-2017. Meet Ernest.

Supply Chain Software 30

Supply Chain Software Case Study Supply Chain Planning Software Supply Chain Design Software 30

Aera Technology

AUGUST 16, 2018

By placing “sensors” throughout its supply chain that gather data about inventory distribution practices and availability for every SKU, Merck has end-to-end visibility. A few months ago, Crunchbase reported that in the third quarter of 2017, a whopping $1.165 billion was invested in American AI startups. ATP is just one example.

Pharmaceutical 40

Pharmaceutical Supply Chain Planning Software Supply Chain Software Forecasting Software 40

Requis

JULY 14, 2020

I did an update on that piece in 2017, and then did a deep dive on shipping. The amazing thing is that the community is only three years old (it started in 2017) and has been completely bootstrapped. Data and analytics. Those posts are what really put me on the map for other people who are really focused on this.

Supply Chain Software 126

Supply Chain Software Supply Chain Strategy Pharmaceutical Supply Chain Optimization 126

FLEXE

JANUARY 5, 2017

Download the Future of Logistics Report—20 Trends to Follow in 2017. Expanding your network of distribution centers can position key inventory closer to customers and shipping destinations. These companies know how important it is to keep a close eye on inventory levels. The inventory systems of today are highly sophisticated.

Warehousing 31

Warehousing Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 31

Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

Inventory Management Software 80

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Logistics Viewpoints

MARCH 21, 2021

We need problem solvers, people that can work with data from a data analytics perspective. In short, analytic skills – the ability to run what-if scenario planning will become increasingly important. As forecasting and order fulfillment becomes more automated, the skills needed by supply chain planners become more analytical.

Supply Chain Design Software 240

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Modeling 240

The Logistics & Supply Chain Management Society

JULY 21, 2020

As an offspring of globalisation, supply chains are focused on optimisation – cost reduction, just-in-time deliveries and tight inventory-to-sales ratios. A significant paradigm shift in procurement and inventory control is an emerging area of focus. Digital technology redefines supply chain talent.

Supply Chain Planning Software 233

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Enterra Insights

OCTOBER 17, 2019

Linda Rosencrance writes, “Various types of supply chain risk management tools are available to enterprises, including predictive analytics, enterprise risk management (ERM) systems and sensors.”[5] Several tools are available at a company’s disposal, with the most important generally being a system of predictive analytics.”

Supply Chain Risk Management 100

Supply Chain Risk Management Supply Chain Planning Software Supply Chain Design Software Risk Management 100

6 River Systems

FEBRUARY 3, 2020

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Advanced and predictive analytics Advanced and predictive analytics are deployed in real- or near-real time.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 59

Turvo

JUNE 10, 2021

Poor Transparency and Inefficient Procurement Results in Longer Transit and Higher Fuel Surcharges. Supply chain inefficiencies that run rampant can have an impact on everything from deliveries to inventory. Connect the system to analytics platforms for data collection and processing.

Supply Chain Software 58

Supply Chain Software Inventory Reduction Inventory Management Software Supply Chain 58

Enterra Insights

JUNE 13, 2018

In the best companies, she explains, “The focus is outside-in, from the customer back, and demand-orchestrated across the silos to guide procurement decisions. The end game should include building “business processes based on data-driven insights” and using “analytics to manage business decisions.”

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Agile and Lean Supply Chain 100

Talking Logistics

MAY 11, 2018

The key takeaway here is that companies need to take a holistic and integrated approach to how they procure, plan, and execute their transportation operations. Full block train, single or multiple containers, LCL shipments and oversized cargo are available options.

Logistics Network Optimization Software 101

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Supply Chain Game Changer

NOVEMBER 14, 2018

Big Data and Analytics, and Digitalization are all phrases that are emblematic of revolutionary changes both today and in the future. Technological expertise and adeptness in areas such as Analytics, Artificial Intelligence, Robotics and the Internet of Things and how to imagine and apply this technology to advance the Digital Supply Chain.

Negotiating Skills 73

Negotiating Skills Purchasing Skills Supply Chain Skills Buyer Training 73

Supply Chain Game Changer

NOVEMBER 22, 2018

The digital transformation of supply chain management, more specifically procurement and sourcing functions, is becoming a part of the new normal in business. In this context, it means that change management is vital to digital transformation, no matter how imminent the external threat” ( O’Marah 2017 ). What You Need to Know!

SCM 56

SCM Alloy Resource Reduction Sourcing Strategies 56

Supply Chain Game Changer

NOVEMBER 23, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. He cites data from the American Trucking Association that wages have risen between 15 and 18 percent from 2013-2017, and says this should mean that the shortage will be overblown. Fallacy 4: Improved forecasting will always lead to lower inventory levels.

Manufacturing Procurement 49

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Enterra Insights

MARCH 29, 2018

Re-orienting the company to embrace omnichannel retailing requires integration with IT, sales and marketing, and procurement as well as transportation.”[5] Analysts from Veridian explain, “Retailers must align inventory placement, its physical location, with demand. ”[6]. 5] Staff, “ H.O.W. |

Omnichannel 100

Omnichannel Inventory Reduction Cost Reduction Strategies Manufacturing Procurement 100