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! Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy. Tip #1 – Use holistic data modeling to optimize organizational needs. Where are you on your Procurement journey?

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

CH Robinson Logistics

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.

Digital Supply Chain Predictions!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! GET our EBOOK HERE. Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business and Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8 Procurement.

How to Set Corporate Goals for Supply Chain ESG

SupplyShift

This ambition translated into a goal to achieve a deforestation-free supply chain by 2023. Three sectors of the supply chain have an outsized impact on corporate success: Procurement—are your goals realistic for divisions to execute?

The Supply Chain Links to Blockchain

Enterra Insights

”[4] She adds, “Blockchain technology will support the global movement of $2 trillion of goods and services by 2023, predicts Gartner in their new report. We’ve all heard the saying, “The job’s not over until the paperwork is done.”

ESG in the Public and Private Market: Putting the Supply Chain in Focus

SupplyShift

These consumers can spot greenwashing from a mile away and are demanding complete transparency and data from brands to back up their ESG claims. . Deloitte’s 10th Annual Chief Procurement Officer Survey mirrors this shift in priorities.

A World in Flux: Global Supply Chain Predictions for 2021

ToolsGroup

So going into this new year, clearly, everything—all the data, all the survey data, everything—aligns to the fact that there’s going to be a lot of emphasis in this area. And that’s an important consideration in all of this data.

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The conscious consumer – Buying the change they want retail to make?

Proxima

Publishing supplier lists and being honest about product ethics (they have a commitment to achieve 100% RSPO-certified sustainable palm oil by 2023 but are not yet there), Nestle is working towards rebuilding customer trust. And so what for retail procurement?

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.

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 Increasing visibility across every area of manufacturing starting with suppliers, strategic sourcing, procurement, and supplier quality to shop floor operations including machine-level monitoring and service, blockchain can enable entirely new manufacturing business models. The business value-add of blockchain will grow to slightly more than $176B by 2025, then exceed $3.1T

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

When it comes to processes, Sacra writes, “Pay careful attention to the areas of your business that are most likely to be affected by the introduction of new e-commerce technology, including IT, procurement, operations, logistics and other departments, as they’re more likely to feel overburdened and undersupported during times of extreme change. Data breaches are one of the quickest ways to lose consumer confidence and support.

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Ultimate B2B Ecommerce Guide: Everything You Need To Know

ShipBob

Distributors procure goods from suppliers to sell to wholesalers and retailers, and they work closely with manufacturers. trillion by 2023. Provides detailed data reports. Have you ever stumbled upon your favorite online brand’s products at a brick-and-mortar store?

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 DFC will ship parcel packages directly to consumers and eventually will service more than 1,750 Lowe’s retail stores and 15 of the company’s regional distribution centers, requiring an anticipated 600 workers by 2023, which is about 13% of the Coopertown population.