Precoro

FEBRUARY 27, 2023

Spend analysis is a crucial part of the broader business practice of spend management because a clear picture of the company's expenditures is essential for fact-based decisions in strategic sourcing and supplier management. If the answer to any of them points to problems, it might be time to explore other sourcing options.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Material Handling & Logistics

JUNE 7, 2018

As the pressures on supply chain teams—including those for sustainability, cost efficiency, and disruption and risk mitigation—are increasing and growing in complexity, supply chain organizations are struggling to both collect and analyze an overwhelming amount of data scattered across different processes, sources, and siloed systems.

Supply Chain Planning Software 95

Supply Chain Planning Software Prescriptive Analytics Software Supply Chain Software Analytics Software 95

Supply Chain Network

MAY 9, 2011

a provider of enterprise-class software as a service (SaaS) business analytics solutions. This investment further demonstrates Deloitte’s commitment to the managed analytics marketplace. This acquisition enhances our ability to help further an organization’s existing business analytics and data management strategy.

Analytics Software 68

Analytics Software Procurement Analytics Analytics Supply Chain Design Software 68

Supply Chain Shaman

AUGUST 16, 2015

The goal is deeper analytics to sense and respond across make, source and deliver. Most companies use multiple B2b networks because they have evolved to serve a part of a supply chain–source, make or deliver within an industry–versus a value chain solution that can connect industries. 2) Advanced Analytics.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

Enterra Insights

SEPTEMBER 18, 2018

’ Perfection is expected in the product, condition, quantity, documentation, and location.”[2] Surrett explains, “When shipping documents misreport significant attributes of cargo, the resulting inaccurate or false billing can prompt additional carrier charges. Lack of Benchmarking. ” They are: 1.

Supply Chain Software 100

Supply Chain Software Waste Reduction Inventory Reduction Price Reduction 100

Supply Chain Shaman

APRIL 20, 2018

This week I spoke at an SAS Global Analytics Summit on the connected supply chain. It was also clear to me that transactional data was only one of the feeds to the planning engines (approximately 60% of the data feed, but not the sole source). The use of analytics to manage business decisions. Some History.

Supply Chain Planning Software 163

Supply Chain Planning Software Supply Chain Design Software Gartner Supply Chain Software 163

Shipchain

NOVEMBER 29, 2018

Additionally, companies with limited financial and technical resources may not have advanced risk analytics programs in place. Blockchain could streamline the management of paperwork and documentation which would lower freight spend for ocean carriers by up to 20%. Others may forgo risk management in favor of profitability.

Analytics Software 95

Analytics Software Supply Chain Software Optimization Software Supply Chain Optimization 95

Logility

APRIL 3, 2018

There is a growing awareness within senior executives that transforming supply chain planning capabilities to take advantage of the emerging areas of “Big Data,” “Artificial Intelligence,” “Advanced Analytics,” and “Cloud Computing” is a competitive imperative. Additional Reading.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 100

Unleashed

MARCH 9, 2021

In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. What is procurement? Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Silvon Software

JULY 22, 2022

In fact, such KPIs are so crucial right now that the supply chain analytics market is expected to reach nearly $17 billion by 2027 as companies ramp up their supply chain performance management initiatives. 60% to 70% is considered a good benchmark of inventory levels. Why is KPI tracking so important in supply chain management?

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Intelligent Audit

SEPTEMBER 20, 2021

After beginning the freight audit partnership and beginning the steps for how to do a freight audit with in-house or external resources, the freight auditor will collect the invoices and normalize the data to validate the invoice details with an advanced analytics engine. Analyze data to benchmark carrier performance.

Analytics Software 52

Analytics Software Resource Reduction Cost Reduction Strategies Supply Chain Planning Software 52

NC State SCRC

AUGUST 6, 2016

Benchmarking Supply Management salaries : Understand what the ‘going rate’ is for key roles in Supply Management, so it can better develop its ‘employee value proposition’ to more effectively attract, develop and retain key staff. There is an opportunity to simplify and standardize the processes further through the documentation process.

Sourcing Strategies 40

Sourcing Strategies Modeling Resource Reduction Supply Chain Strategy 40

Supply Chain View from the Field

JUNE 4, 2015

Guarav’s story is also documented in the recent post in the Jenkins news page. As part of the supply management class that all of our incoming MBA students take in the fall, I seek to expose students to a number of different tools, decision methods, analytical frameworks, and strategic alignment issues related to supply management.

Negotiating Skills 60

Negotiating Skills Negotiate Pricing Supply Chain Software Supply Chain Strategy 60

NC State SCRC

NOVEMBER 5, 2016

Contract management analytics are critical for tracking transactional compliance with contract pricing, terms and conditions, but also as a vehicle for workflow management around negotiation of contract renewals, and aggregation of supplier performance data on service level agreements, delivery, quality, and service performance.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Zipline Logistics

FEBRUARY 9, 2021

It is critical to leverage transportation analytics to get the most out of your operation. Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. In this ebook, you will learn how data can be used to identify efficiencies and make logistics improvements. Learn More.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Performance Supply Chain Planning Software Cost Reduction Strategies 52

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. Step 2 – Develop Metrics and Data Sources. Each metric must be defined carefully, and the source of data (whether from the MRP system, the accounting system, etc.) must be identified and formally documented.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Precoro

MAY 19, 2023

By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time. An order is typically considered perfect when it has been delivered to the right place, at the right time, with the right product, in the right quantity, in the right condition, and with the correct documents included.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

RFgen

JANUARY 18, 2024

Real-time insights and analytics enable faster and better-informed decision-making. Unified Data Source: With a centralized database, cloud ERP ensures that all employees are working with the same information, reducing discrepancies and enhancing overall data accuracy.

Supply Chain Planning Software 72

Supply Chain Planning Software Procurement Solutions Optimization Software Modeling Software 72

6 River Systems

JUNE 29, 2020

Finally, leaders reduce disruption by building buffers throughout the supply network and invest in advanced analytics to improve planning and forecasting accuracy.” “Some companies are starting to invest in creating data-backed profiles of their supplier base so they know where and when to look for second sources.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Talking Logistics

NOVEMBER 6, 2014

This tees up benchmarking to ensure rates are at market. It is easy to over invest in documenting processes since the document is usually at some level wrong the moment the pencil comes off the paper. A Spend Diagram effectively highlights spend by category, but the lasting value is in the understandings and take aways.

Modeling 151

Modeling Transportation Optimal Sourcing Expense Reduction 151

Bristlecone

MAY 22, 2020

Central Finance enables the replication of financial documents to a centralized finance system in an organization where there are multiple ERP instances or finance applications. The data logging functionality is designed to capture and log all the information from source systems that is used for posting in Central Finance.

Analytics Software 52

Analytics Software SAP Predictive Analytics Software Forecasting Software 52

HICX Solutions

SEPTEMBER 23, 2020

Other studies have shown that knowledge workers can spend up to 50% of their time trying to locate data, identifying errors in data or seeking confirmatory sources of data to support information that they do not trust. There is a corresponding need for accurate supplier data for BI/Analytics.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

HICX Solutions

SEPTEMBER 23, 2020

Other studies have shown that knowledge workers can spend up to 50% of their time trying to locate data, identifying errors in data or seeking confirmatory sources of data to support information that they do not trust. There is a corresponding need for accurate supplier data for BI/Analytics.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

Vinculum

JUNE 24, 2022

It’s imperative to document the procedures involved in the reconciliation process and develop templates that can be readily followed by any new or current finance team member. You can re-run the procedure in the loop until you get the best results once you’ve established the benchmarks. Integrated Solutions.

Purchasing Skills 52

Purchasing Skills Analytics Software Sourcing Strategies Negotiating Skills 52

Logistics Bureau

OCTOBER 31, 2016

If so, prepare to be surprised, because it doesn’t get any more basic than this: Your company must have a documented and commonly understood supply chain strategy. Distribution network optimisation requires specialised resources and analytic skills , so it’s easy to see why it doesn’t always place high on management agendas.

Supply Chain Design Software 40

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Supply Chain Strategy 40