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Is Procurement Drowning in Data?

Supply Chain Game Changer

Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management. When looking at risk management, category management, and information sharing, that number is as high as 70% ( Bain & Company 2018 ). Visibility and trust is a hot commodity in modern supplier management.

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Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

However, many companies lack awareness regarding supplier onboarding, selection, and S&OP with supplier management. Moreover, investing, hiring, and assignment can be challenging, leading to complex structures and hindered S&OP with supplier management.

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Artificial Intelligence: Procurement and Legal’s “New Frontier”

Proxima

Firms recognize the potential AI has to uproot the traditional way legal suppliers manage their corporate in-house work. In fact, it’s predicted that legal technology budgets will increase threefold by 2025. [1] For the legal industry, there are certainly widespread plans to use AI to drive greater operational benefits.

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Boeing’s Potential Sourcing Reversal- Financial or Operational?

Supply Chain Matters

In addition, The plane maker provided an incremental $60 million in added payments to Spirit in 2023, and has committed an additional $395 million in subsequent incremental payments in 2024 and 2025 to help the supplier fix both its quality and production ramp up challenges. billion.

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Rivian and Lucid Supply Chain and Production Challenges Continue

Supply Chain Matters

A management presentation indicated that liquidity is sufficient to carry the company into 2025. Net loss was reported as $2.8 billion in 2023 compared with a $2.6 billion operating loss in 2022. This EV auto maker ended Q4 with a reported $4.8 billion in total liquidity.

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Data Quality is More Important than Data Size

Enterra Insights

Timothy King ( @BigData_Review ) reports IDC predicts, “80 percent of worldwide data will be unstructured by 2025. Supplier management takes too long, impacting efficiencies and costs. No understanding of who your suppliers are, and orders are sent to the wrong place.

Quality 100
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Commercial Aircraft Industry Players Make Plans for 2023

Supply Chain Matters

Operational Plans The financial performance release clarified that the 737 program is stabilizing at a production rate at 31 aircraft per month with plans to ramp production to approximately 50 per month in the 2025/2026 timeframe. Boeing reiterated a plan to deliver between 400 to 450 of 737 MAX single aisle aircraft in 2023.