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The company, heavily invested in Canadian manufacturing, faced a crisis because its raw materials were sourced from outside North America, disqualifying it from USMCA tariff exemptions. Design product flexibility to include materials sourced for US and non-US markets or quickly adapt to different sources of materials.
For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.
Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more. Concepts like GenAI Assistants and Agents were presented, offering conversational interfaces and on-demand analysis. Smart Import is also being leveraged to accelerate data integration from various sources.
From raw material sourcing to logistics and regulatory compliance, stakeholders across the value chain will need to prepare for structural adjustments. Sourcing and Ingredient Availability A central impact of this policy is the need to replace synthetic colorants with natural alternatives.
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.
It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.
Winning the Supply Chain Wars To thrive amidst these challenges, ToolsGroup recommends five strategic pillars: Conduct What-If Scenario Analysis Simulate potential disruptions to plan and respond proactively. Evolving Customer Expectations Faster delivery, customized solutions, and real-time communication are now essential.
Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".
I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. Consequently, demand for robust GTC solutions will continue to rise. from Canada and Mexico.
Enhanced Promotions and Events Analysis Promotions, advertising campaigns, and trade events are vital components of marketing strategy, but accurately measuring their impact on demand remains challenging. Five Ways Advanced Machine Learning in Demand Planning Is Improving Forecasting 1.
Limitations of Traditional Supply Chain Planning Traditional supply chain planning relies on retrospective analysis. This enables companies to adjust sourcing, production, and logistics well in advance of potential disruptions.
From sourcing and bid evaluation to warehouse slotting and dynamic routing, AI tools support faster and more consistent outcomes by processing large volumes of operational data and identifying patterns that human decision-makers may overlook. Integration allows seamless transitions from data insights to purchase approvals and execution.
Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics.
He is responsible for driving strategy, customer engagement, and industry analysis. During his tenure in the industry, he built innovative pricing and forecasting models, leveraging internal and external data sources to improve internal decision-making and increase profitability.
What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.
What is the role of make, source, and deliver? In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower. What defines a feasible plan?
Our analysis of enterprise logistics operations revealed that teams using manual processes spend an average of 22 hours per week on data entry and validation tasks. We’re talking about solving for the entirety of the procurement lifecycle from strategic sourcing through execution and analysis.
Scenario analysis and optimization defined. Diversifying sourcing and manufacturing. Creating a strategic digital twin (digital representation) of your supply chain network. Modeling your base case. Optimizing your supply chain based on costs and service levels. Modeling carbon costs. Dealing with multiple capacity constraints.
Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Strategic sourcing plays a critical role in this transformation, ensuring organizations secure the best value while mitigating risk.
data extractors, search APIs) to perform tasks, enabling them to dynamically adjust to new information and real-time knowledge sources. Real-time data processing and analysis are crucial for identifying and resolving supply chain disruptions.
They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. “AI allows you to integrate real-time data from various sources, helping you devise more efficient delivery routes and schedules.
Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.
It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
While I was preparing for surgery, Gartner released the Gartner Top 25 Analysis. The analysis is now in its ninetieth year. The Gartner analysis is biased toward companies within the Gartner network. Semiconductor Industry Analysis Would you feel better about your results if you were Intel or TSMC? The reason?
In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design and why. Much of this has to do with needs for deep integration and two way flow of data streams.
For my long-time readers, you know that fewer than 3% of companies outperform their peer group in our Supply Chains to Admire analysis , and that the Gartner Top 25 is essentially a beauty contest for underperformers. Using channel and trading partner signals build outside-in models and orchestrate decisions across source, make and deliver.
Within hours of the export ban announcement, Exiger was called on by key clients within the Defense Industrial Base (DIB), Capitol Hill, and multiple government agencies to do a quick-turn analysis of impacts on critical supply chains. imports over 50% of its antimony, gallium, and germanium needs.
Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.
In this traditional definition of a supply chain model, I define a good plan as: A positive Forecast Value Added (FVA) analysis/output for the forecast with minimal bias. (I The analysis is bi-directional and tethered to a balanced scorecard. I do not define it by error.) The order is only one of 15-20 inputs.
The panel group is sourced from my group of LinkedIn followers. In Figure 1, we share the gap analysis. Figure 1: Supply Chain Center of Excellence Gap Analysis To understand the root issue, we analyzed the impact of different factors on Sales and Operations effectiveness (S&OP). My goal is to help.
If you answer the survey, I will gladly give you a custom analysis of your organization against the peer group. In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations. To respond, follow this link.
Operating margin, inventory turns, and revenue/employee translates to over 50% of market capitalization based on the regression analysis. The data sourced from Y charts was charted by Regina Denman and shared with the statistics department at Georgia Tech. The regression analysis is based on nine months of work.
In our analysis, small and regional players outperform larger multi-nationals Does End-to-End Supply Chain Planning Drive Value? There is a need to actively make trade-offs across source, make, and deliver while aligning to a balanced scorecard. I am not sure. No planning technology today can do this.
Edge computing processing data locally, near the source has emerged as a method to address these challenges by reducing latency and improving resiliency. This reduces dependency on external networks while retaining the benefits of centralized reporting and analysis.
China's Production of Impacted Minerals Source: Bloomberg In recent years, China restricted the exports of several other critical minerals. Exigers analysis indicates that of the five impacted materials, tungsten was the top material shipped by value. China is the top producer of all five recently restricted metals.
Cost-to-Serve Analysis. For more on cost-to-serve analysis check out our recent report on supply chain finance. The advancements in analytics–open-source, cloud, internet-of-things (IOT), and cognitive computing–are very promising. Network Design Analysis. Maturity in S&OP. Maturity in Analytics.
My failure was three-fold: In this analysis, I never benchmarked companies to the industry averages. The analysis was too short-term. My analysis only considered three-year averages. Supply chain performance analysis should be at least five years to reduce the variation from industry movement (noise) in the system.
The pace and scope of supply chain disruption are beyond human cognition, manual analysis, and consumer-grade spreadsheet tools. Whether supply chain and logistics teams are looking for new sources of inventory, transportation or warehousing, a full-service logistics software partner can seamlessly connect them with the right partners.
Companies having the teams from source, make, and deliver reporting to a common leader tend to be the most balanced, with the smallest gaps between operations and commercial teams. For each issue in the customer service analysis ask, “When did we know? Armed with this analysis, you are ready to take the next step. Next Steps?
What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so.
True resiliency is achieved when supply chain leaders can predict issues and dynamically respond – from sourcing and manufacturing to final delivery – with agile solutions. Real-time analysis of integrated data spanning customers, partners and suppliers will lead to outcomes that better match supply and demand while containing costs.
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