Remove Analysis Remove Journal Remove Procurement Analytics Remove Sourcing
article thumbnail

Gaining a Competitive Edge through Advanced Analytics

Enterra Insights

Gary Cokins ( @GaryCokins ), founder of Analytics-Based Performance Management LLC, asserts, “Analytics is becoming a competitive edge for organizations. Once being a ‘nice-to-have,’ applying analytics is now becoming mission-critical.”[1] Organizations are drowning in data but starving for information.

article thumbnail

Mining Mountains of Data for Insights

Enterra Insights

Bits and bytes are pouring in from sources ranging from satellites and MRI scans to massive computer simulations and seismic-sensor networks, from security cameras to smartphones, from genome sequencing of SARS-Cov-2 to COVID-19 test results, from social networks to texts zipping from phone to phone.”[1] Descriptive analytics.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cost of Goods Sold Formula (with examples)

Unleashed

The Cost of Goods Sold formula is: Opening Inventory + Purchases + Production Costs – Closing Inventory = Cost of Goods Sold Below, we explain what the cost of goods sold (COGS) is, why it’s important for product businesses, and how to calculate COGS using the cost of goods sold formula.

article thumbnail

5 Best Logistics Books to Keep Within Reach

Supply Chain Opz

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. The links below are paid links.

article thumbnail

Data is Essential for CPG Success

Enterra Insights

… With an ever-complex consumer purchasing path, it can be difficult for a brand to know where exactly to adjust their efforts. Data and advanced analytics. Data analytics and cognitive risk sensing are becoming increasingly important tools for organizations.” ”[2]. CPG industry and cognitive technologies.

Data 100
article thumbnail

Influenza, Covid, and Omnichannel Operations

Enterra Insights

Reporter Erika Edwards ( @erikaedwardsnbc ), and her colleague Dr. Akshay Syal, observe, “Hospitals nationwide are preparing for another winter with Covid — the first one that’s also expected to include high levels of influenza and other respiratory illnesses that have simmered quietly in the background for the past two years.

article thumbnail

This Year’s Shifts in Retail Consumer Demand May Not Have Been That Sudden

Supply Chain Matters

Supply Chain Matters calls reader attention to a published report that indicates for one retailer, the sudden shift in consumer demand this year may not have been that sudden. Instead, a detailed analysis of consumer buying and general apparel and clothing trends buying trends proved beneficial in limiting overall inventory exposure.