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.

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2020 The Year To Address The Elephant in Every Room – Data

ivalua

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. Getting Data right is an imperative. Source: 2019 Supply Chain Data Quality and Governance Study.

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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.

Blockchain Makes a Strong Case for the Pharmaceutical Industry

Logistics Trends and Insights

It’s increasingly looking like a viable solution for one of the industry’s biggest problems thanks to its ability to track and trace data without it being altered. This can all be done without any proprietary data being shared openly on the blockchain or ever leaving a company’s control.

Trends and Predictions 2020: Information Technology

Enterra Insights

In this article, I’m equating “information” with “data.” AI is maturing because of the oceans of data available for it to analyze. AI and data are inseparable and symbiotic. Because of the massive amounts of data being generated, processing data where it is generated is becoming more useful, if not essential. Data is now considered the world’s most valuable resource.

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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.

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.

Trends and Predictions 2020: Supply Chain

Enterra Insights

“Spurred in part by the Internet of Things, supply chains are increasingly integrating data from sensors, GPS and weather patterns to see events and witness scenarios as they occur. Automated Analysis : “By the end of 2020, half of all large manufacturers will have automated supplier and spend data analysis, resulting in a 15% procurement productivity gain.” Greeting the new year is like walking into a dimly lit room from the bright sunlight.

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Trends and Predictions 2020: Technology

Enterra Insights

Even though transparency and traceability are improving, Eide notes, “With all the advancements in technology, a trust crisis is on the horizon — industry can blame unauditable AI, fake news and unauthorized data harvesting, among other concerns.” Everyone is aware oceans of data are being generated every day. Processing all that data centrally has become a challenge. As a result, more efforts are being made to process data where it is being creating (i.e.,

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Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

CH Robinson Transportfolio

According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.” Exponential Growth of Data: We’re seeing an explosion in the amount of data available across the supply chain.

Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

CH Robinson Transportfolio

According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.” Exponential Growth of Data: We’re seeing an explosion in the amount of data available across the supply chain.

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.

Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

TMC

According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.” Exponential Growth of Data: We’re seeing an explosion in the amount of data available across the supply chain.

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.

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.

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.

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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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.

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

Digitalisation of Logistics Industry and its Impact

20Cube Logistics

during 2018-2023, reaching a value of US$ 1,374 Billion by 2023. Implementing technologies like IoT, data analytics, sensors and robotics is changing the complete roadmap of logistics. IT helps to gather data about the cargo and push it automatically to the platform.

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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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Confused About What to Do? Try Prescriptive Analytics.

Enterra Insights

Those tools became possible with the creation of large datasets (aka big data) and the maturation of artificial intelligence (AI). This is why the Big Data space is set to reach over $273 Billion by 2023 and companies like Microsoft, Amazon and Google among so many others are so heavily invested in not only collecting data, but enabling data for the enterprise. What you want from your data determines which kind of analytics you need to apply.

Blockchain – The Answer to the Future of Retail?

EV Cargo Technology

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.

2020 Challenges and Solutions for HVAC Distributors

EazyStock

HVAC has a constantly growing market – especially a growing global market as emerging economies ramp up construction and additional end-users emerge (such as data centers who need to keep their machines cool and ventilated). Market Trends for the HVAC Industry.

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.

Trends and Predictions 2020: Blockchain

Enterra Insights

”[2] Panetta reports, “Gartner predicts blockchain will be fully scalable by 2023.” … The International Data Corporation (IDC) is expecting that 20 percent of IoT deployments will enable blockchain services by 2020.” One of the most hyped cutting-edge technologies is blockchain (aka distributed ledger) technology.

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.

Trends 2020: An Overview

Enterra Insights

Jason Mander ( @thejasonmander ), Chief Research Officer at GlobalWebIndex, observes, “Like the world at large, data can seem intimidating and indecipherable. For example, Gartner analysts predict, “By 2023, the number of people with disabilities employed will triple due to AI and emerging technologies, reducing barriers to access.”[2] The value of data is growing. According to The Economist , “The world’s most valuable resource is no longer oil, but data.

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Blockchain in the Supply Chain is Only a Few Links Long

Enterra Insights

Manufacturers may ship their products across the globe, but they lack key data about shipment location and status as packages move from sea port to port. She writes, “Connected devices can’t help an industry whose data is largely paper based. A blockchain is a distributed ledger that can track a variety of transactions, encrypt the associated data, and also make that data accessible from anywhere.

Blockchain – The Answer to the Future of Retail?

EV Cargo Technology

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.

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.”.

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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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.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Gartner also predicts that by 2023 intelligent algorithms and AI techniques will be an embedded or augmented component across 25% of all supply chain technology solutions. This is very helpful, especially when you use data pulled from real-time analytics.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Gartner also predicts that by 2023 intelligent algorithms and AI techniques will be an embedded or augmented component across 25% of all supply chain technology solutions. This is very helpful, especially when you use data pulled from real-time analytics.

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.