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. 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.

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. Supply chains will be able to procure, source, manufacture and handle logistics across a broad array of players including small to medium businesses. Greeting the new year is like walking into a dimly lit room from the bright sunlight.

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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.

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.

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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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.