What Is Spend Analysis?

EC Sourcing Group

Spend analysis is a process that identifies, cleans, categorizes, and analyzes your business spend data. The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. Spend analysis.

6 Benefits of Spend Analysis

EC Sourcing Group

Spend analysis in procurement has always been an imperative, playing a vital role both in procurement management and the supply chain. Spend analysis technology” and “ spend analysis software” are parallel terms, and automates the entire spending analysis system.

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Fundamentals of vibration analysis

IT Supply Chain

The post Fundamentals of vibration analysis appeared first on IT Supply Chain. By Chris Robson (pictured). Sales Director, Houghton International. Industry Talk

Reduce Excess Inventory While Protecting Margins with a Pricing and Promotion Analysis  Solution

Logility

An optimal pricing and promotion analysis solution uses machine learning algorithms and price elasticity models to create promotion-influenced forecasts. Are you interested in learning about more ways a pricing and promotion analysis solution can help with supply chain planning?

The Essential Supply Chain Network Design Tooling Checklist

Dedicated supply chain network design software is fuelled by intuitive scenario analysis capabilities and powerful mathematical optimization. Answer 10 relevant questions to see if advanced network design & scenario modeling technology can help you.

Guide to SKU Analysis

ShipBob

And proper SKU management requires accurate SKU analysis. In this post, we give you a closer look at what SKU analysis is, why you should analyze your SKUs, and how you can use SKU analysis to improve inventory management. What is SKU analysis? SKU analysis FAQs.

COVID-19 Data Analysis Basics – Taking the Mystery Out of Smoothing Daily Counts

Arkieva

COVID-19 Data Analysis Basics – Taking the Mystery Out of Smoothing Daily Counts was first posted on April 22, 2020 at 8:32 am. ©2017 We see graphs of COVID-19 events on a regular basis. One of the most common is a bar chart for daily new events (COVID-19 cases, hospitalizations, deaths).

The Benefits of What-If Analysis for Durable Goods Companies

Logility

For durable goods companies, what-if analysis is a valuable tool helping to meet service goals while staying on budget or even improving the financial picture overall. To Be Effective, Perform Your What-If Analysis the Right Way.

Some COVID19 Data Analysis Basics – New Events, Cum Events, and Logarithms

Arkieva

Some COVID19 Data Analysis Basics – New Events, Cum Events, and Logarithms was first posted on April 14, 2020 at 8:03 am. ©2017 We see graphs of COVID-19 events on a regular basis these days.

Using ABC Analysis to Determine Off Balance Inventory

Arkieva

In this blog are some analyses based on the Pareto principle (or as is very commonly referred to as ABC analysis) that one can do in order to determine the alignment of the inventory with the overall needs of the supply chain.

Supply Chain Network Design: The Ultimate Use Cases eBook

Explore the most common use cases for network design and optimization software. This eBook shares how supply chain leaders leverage their supply chain design software to tackle a variety of challenges and questions.

Time to Automate Scenario Analysis in Supply Chain Planning

Adexa

Time to Automate Scenario Analysis in Supply Chain Planning What-if scenario analysis is widely used by supply chain professionals in order to find the best response to an event in the past or one that is likely in the future.

Spend Analysis in Supply Chain Management

EC Sourcing Group

Spend Analysis in Supply Chain Management. If you’re executing your procurement strategies efficiently, you’re also continually running spend analysis reports. Spend Analysis in Supply Chain Management: What Are the Basic Parts of the Supply Chain? Blog Spend Analysis

Scenario Analysis: A Powerful Analytics Force

River Logic

Scenario Management Supply Chain Management Scenario Analysis

Some COVID-19 Data Analysis Basics – New Events, Cum Events, and Logarithms

Arkieva

Some COVID-19 Data Analysis Basics – New Events, Cum Events, and Logarithms was first posted on April 14, 2020 at 8:03 am. ©2017 We see graphs of COVID-19 events on a regular basis these days.

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

Blockchain Tech is Vulnerable to Tampering, a DARPA Analysis Finds

Supply Chain Brain

By design, blockchain technology is meant to be free from interference by banks, companies and governments. But a new report says the decentralized system might not be working as well as many crypto enthusiasts assume

Rising Interest Rates: Maybe It’s Time to Bring Back the Forgotten Art of Price Analysis

NC State SCRC

Price analysis is a subject that is often overlooked in supply chain education, (although it is certainly a big part of our chapter on Strategic Cost Management in Purchasing and Supply Chain Management ). Maybe Price Analysis’s time has returned!

How to use Root Cause Analysis in Supply Chain Management

All Things Supply Chain

And while a global supply chain brings benefits in terms of… General Supply Chain Management root cause analysis supply chain supply chain managementMost consumers realize that the products they purchase are the result of a global chain of suppliers and logistics.

Meeting EV Targets through Data Collection & Analysis

IT Supply Chain

The post Meeting EV Targets through Data Collection & Analysis appeared first on IT Supply Chain. By Nick Sacke (pictured). Head of IoT Solutions, Comms365. Industry Talk

Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align. Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line.

IT Budgets Analysis Predicts Even Faster Move to the Cloud

QAD

The post IT Budgets Analysis Predicts Even Faster Move to the Cloud appeared first on QAD Blog. Featured Innovation + Technology cloud cloud computing cloud erp Cloud-based services erp IT budgets IT budgets analysis IT spend Managed services manufacturing Move to the cloud

Managing E-Commerce Fulfillment Spikes With Data Analysis

GlobalTranz

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Data Analysis Enhances E-Commerce Forecasts and More Take a moment to consider what goes into managing e-commerce fulfillment. Fortunately, data analysis allows Warehouse Managers to gain the insights necessary to create metrics to track performance, which are also known as key performance indicators (KPIs).

What is well-to-wake emissions analysis?

The Supply Chain Journal

However, the climate and health impacts of a fuel do not change depending on the emissions analysis chosen. Well-to-wake emissions analysis is similar to well-to-wheel emissions analysis for road vehicles and is also known as life cycle analysis.

Employee Safety in the Logistics Industry Starts with Data Collection & Analysis

IT Supply Chain

The post Employee Safety in the Logistics Industry Starts with Data Collection & Analysis appeared first on IT Supply Chain. By Peter Ruffley, CEO of Zizo (pictured). & & Ian Brown, CEO, Excelpoint.

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.

What if there were no limitations to your what-if analysis? What would you simulate?

Kinaxis

by Lori Smith What if there were little, to no, limitations to the what-if analysis you could do? Yet the value of what-if analysis is in the power to put the ability to do scenario simulations in the hands of many. What-if analysis, in the most optimal condition, would be quick, flexible, extensive, and collaborative. The post What if there were no limitations to your what-if analysis? General News Supply chain management what-if analysis

8 Inventory Management KPIs for Effective Inventory Analysis

EazyStock

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency?

Wall Street analysis puts value of Uber Freight at $3.5B

The Supply Chain Journal

A report from Morgan Stanley’s transportation research team, headed by Ravi Shanker, estimates the value of Uber Technologies’ (NYSE: UBER) “sum of parts” at $72 per share. Of that, about $2 can be attributed to Uber Freight, based on valuing Uber Freight at $3.5 billion. The $3.5

Why regularly conducting a business impact analysis is so important

IT Supply Chain

The post Why regularly conducting a business impact analysis is so important appeared first on IT Supply Chain. By Chris Huggett (pictured). Senior Vice President, Europe & India, Sungard AS.

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How to Transform Your Supply Chain: Digitization for Decision-Making

Speaker: Hannah Testani, CEO of Intelligent Audit

The future of the supply chain industry will take the emotion out of decision-making and leverage the advantages of technology to transform data into actionable intelligence.

White Paper: How to Disrupt Driver Turnover: The 2021 Mid-Year Driver Feedback Trends Analysis

The Supply Chain Journal

Based on the analysis of more than 24,000 anonymous comments from over 10,000 drivers, the 2021 mid-year edition of The WorkHound Report reveals the trends in driver feedback to help trucking companies understand exactly what drivers want and how to retain them.

Refining Analysis of M&A Impacts

Resilinc

Download the full 2018 annual report here. supply chain risk management supply chain event monitoring supplier capacity risk Supply chain management supply chain event resiliency Merger & Acquisition

Spend Analysis Datasheet

ivalua

The post Spend Analysis Datasheet appeared first on Ivalua

Benchmarks, analysis, monitoring and forecasts — Midday Market Update

The Supply Chain Journal

On this episode of Midday Market Update, Kaylee Nix and Michael Vincent explore the changing landscape of the FreightWavesTV lineup and talk to some experts about where the market is headed next.

Gartner's Market Guide for Data Analytics and Intelligence Platforms in Supply Chain

The data analytics and intelligence markets are evolving, and supply chain leaders are struggling to keep up. This research offers an overview of the market conditions and provides a list of representative vendors with platform-based solutions for supply chain.

Two Penny Model and COVID-19 Breakthrough Cases – Avoiding Data Driven Disaster

Arkieva

Learn how a simple binomial model can help anticipate the future including COVID-19 breakthrough cases just as models help a firm estimate it's future. Two Penny Model and COVID-19 Breakthrough Cases – Avoiding Data Driven Disaster was first posted on August 2, 2021 at 11:19 am. ©2017

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Conducting Effective Procurement Spend Analysis in the Current Environment

Jaggaer

Before decisions are made, it is imperative that a thorough procurement spend analysis is conducted in order to identify exactly how money is being spent, what non-essential and maverick spending is taking place and where savings opportunities exist that do not impact operational performance.

Introducing Lot Analysis in HIMPACT

Herlitz Inventory Management

The newest perishable feature in HIMPACT® is a Lot Analysis tool. Lot Analysis predicts potential spoilage, tracks spoilage by the buyer, and uses that spoilage projection to optimize for today’s purchasing. Lot Analysis Benefits. Lot Analysis in Action.

Root Cause Analysis: A Guide to Making Corrective Actions

USC Consulting Group

One of the most effective methods of analyzing operational breakdowns is to conduct a Root Cause Analysis (RCA). After conducting a Root Cause Analysis, the management team will have a list of action items. Reach out today to learn more on how to set up an effective Root Cause Analysis.

Top 5 Barriers to Supply Chain Network Design Adoption and How to Overcome Them

Speaker: Brian Dooley, Director SC Navigator, AIMMS, and Paul van Nierop, Supply Chain Planning Specialist, AIMMS

Want to build your internal capability, reduce costs and make better decisions? It's easier than you think. This on-demand webinar shares research findings from Supply Chain Insights, including the top 5 obstacles that bog you down when trying to improve your network design efforts.