8 Tips to Help Procurement Optimize Supplier Master Data

ivalua

Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Tip #1 – Use holistic data modeling to optimize organizational needs.

Big Data: The Gift that Keeps on Giving

Enterra Insights

Big data seems like old news; but, it becomes more important every second of every day as humongous amounts of data are generated. Gillian Tett ( @gilliantett ) notes the word “data” comes “from the Latin verb ‘to give’, presented in the neuter past participle, which could be translated as ‘that which is given’ — or even ‘a gift’ ”[1] She believes the etymology of the word is entirely appropriate. Big data analytics.

Building the Future of my Supply Chain

DynaSys

According to Oliver Wight, a key factor for these trends is the availability of data in almost real-time. Data is now available but the way to use it as a true pillar for decision making is still not fully implemented. Companies now have functions called data analysts.

Transportation TIP List: Week of May 12th, 2019

Transplace

Blockchain Supply Chain Initiatives Will Face Fatigue by 2023 : Despite what some might call a cooling off period, blockchain remains a popular technology trend. Therefore, Gartner predicts that by 2023, 90% of blockchain-based supply chain initiatives will suffer “blockchain fatigue.”.

Four Ways Blockchain Will Transform Supply Chain…and Beyond

ToolsGroup

Public ledgers dating to the Italian Renaissance may help us see the potential of today’s blockchain technology for data accessibility. . It’s “democratic”: Blockchain is public ledger transaction data, publically-validated, shared and distributed.

A New Technology Superpower: AIoT-The Convergence of AI and IoT

DELMIA Quintiq

The ability to capture large amounts of data has exploded in the last 3-5 years. Large volumes of user data and company proprietary information are tempting targets for dark web hackers and even government entities around the world. By 2023.

Applying Blockchain in Logistics & Supply Chain Management: 5 Reasons Why Supply Chain Execs Need to Know More

Cerasis

Intermediaries may include financial experts, data analysts, freight auditors, and more. In general, today’s supply chain executives and managers continue using outdated, manual data entry processes, which will increase risk. Even in blockchain, errors in data entry will result in continuous compounding negative effects and incorrect supply chain analytics insight.

Cognitive Technologies are Paving Stones on the Digital Path to Purchase

Enterra Insights

retail sales will be digitally impacted by 2023, meaning those sales either will occur online or may occur in-store but be influenced by digital technologies.”[1] The digital age is all about data and, to make sense of data, you need cognitive technologies. At its lowest common denominator, AI enables brands to better synthesize mounds of data and incorporate those learnings to improve the commerce experience.

Surviving the Retail Apocalypse

Enterra Insights

He explains, “Several studies have shown that Artificial Intelligence (AI) can sift through data quickly. retail sales will be digitally impacted by 2023, meaning those sales either will occur online or may occur in-store but be influenced by digital technologies.”[7] Second, retailers need to leverage the data being created by digital sales.

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The Transformative Tech Your Supermarket Can’t Afford to Ignore

Repl Group

to £218 billion by 2023, securing your slice of the supermarket pie has never been more important. billion by 2023, an increase of over 52%. For example, modern mobile workforce management software can put unprecedented amounts of data in the palm of your hand. Machine learning can use this data to decide what is most important to your business, passing that crucial knowledge on to you. It’s hungry for data: the more it collects, the more powerful it becomes.

Multiple Constraints of Route Planning in ASEAN

Abivin

According to SpirE-Journal 2016 Q4 - Spire’s Asia Market Research, ASEAN trade volume is expected to increase by 130% and will be valued at $5,653 billion by 2023. per annum from 2012 to 2023. They proceed their data in Excel, some even manage their data system using paperwork.

New Automotive Technologies Threat Your Long-Term Visibility

DynaSys

To go even further, the top 12 OEMs will launch 182 new electric vehicles nameplates by 2023. Scenario planning requires a robust set of repository data, such as historical ERP data, market forecast data and OEM data in order to provide an accurate and reliable simulation and plan.

How Blockchain Can Improve Manufacturing In 2019

IQMS

By 2023, 30% of manufacturing companies with more than $5B in revenue will have implemented Industry 4.0 The business value-add of blockchain will grow to slightly more than $176B by 2025, then exceed $3.1T by 2030 according to Gartner.

Blockchain – The Answer to the Future of Retail?

Adjuno

billion USD by 2023. Auditability – provide full audit trail of data within the supply chain. Smart Contracts – real-time tracking of data. Everybody is talking about blockchain these days, some are even referring to it as the next disruptive technology that will change the retail industry. The impact of blockchain on the financial services is well known. The use of cryptocurrencies has dominated the news even though many don’t understand the technology behind it.

Disrupting Logistics: 4 Innovative Blockchain Startups to Watch in 2018

Techgistics

trillion in 2023. Currently, supply chain data is fragmented and spread across many parties which makes traceability very difficult beyond one step backwards or forwards at any point in the supply chain. Source: The Daily Dot. The global logistics market is predicted to reach US 15.5

Food Industry Delivery Trends!

Supply Chain Game Changer

Restaurant delivery has grown 20% in the last five years; while estimates differ, online food delivery sales are estimated to grow as high as $220 billion by 2023 – 40% of total restaurant sales. Tracking Delivery Data. Subscribe Here! Email Address.

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10 Ways IoT Can Improve Supply Chains

IQMS

By 2023, blockchain will support the global movement and tracking of $2T of goods and services annually based on a recent Gartner.

3 Technologies Transforming Modern Manufacturing Techniques

USC Consulting Group

The unemployment rate is at a low last seen more than 50 years ago , according to government data, and millions of jobs have been created since 2016, approximately 2.6 billion come 2023, according to a report from Markets and Markets. The U.S.

Online Grocery Sales Continue to Grow

Enterra Insights

Data breaches are one of the quickest ways to lose consumer confidence and support. But all that data-sharing can come at a cost — the risk of hacking is ever-present, and could become an even bigger risk as cyber attackers become more sophisticated and more consumer data is collected and stored. 1] Krishna Thakker, “ Report: Online grocery sales set to quadruple by 2023 ,” Grocery Dive , 28 October 2018. [2]

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

Adidas @adidas Adidas is expected to move nearly 20% of its production to more automated factories by 2023 , many of them potentially proprietary. The world of supply chain and logistics is changing every day.

Trends 2019: Business Technology

Enterra Insights

Tangible efforts, such as shifting customers to lower-cost digital channels, launching digital products, monetizing data assets, and automating processes to improve margins, will come to the fore.”[2] Those sensors generate enormous amounts of data transmitted through machine-to-machine networks (i.e., It will offer lower lag times when transferring data.”[5] Distributed ledgers are touted as a secure way to exchange data and garner trust.

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50 warehouse automation stats you should know

6 River Systems

According to data from the U.S. billion and are projected to surpass $735 billion in 2023,” according to Statista. According to data from the U.S. Data from the BLS shows that hourly wages in the warehousing and storage subsector rose by more than 20% between 2008 and 2017.

Drug-Alcohol Clearinghouse: Employer asset or capacity killer?

DAT Solutions

January 6, 2023 - Once three years of violation data are stored in the clearinghouse, employers are no longer required to also request information from the driver’s previous FMCSA-regulated employers.

Significant Robotic Process Automation Growth Predicted

Enterra Insights

Linda Tucci ( @ LTucci ), explains, “Robotic process automation … refers to software that can help automate mainly back office work that is rules-driven, repetitive and involves overlapping systems: think tasks that search, gather, collate and update data.” [3] For others, it has the potential for huge cost savings and can enable enterprises to move people from mundane tasks such as data entry to more exciting endeavors.