Jaggaer

MARCH 30, 2020

To better understand the impact of big data analytics on procurement, we turned to industry veteran Walter Charles, CPO at Allergan, who sees big data as a major disruptor. How Big Data Analysis Plays into Procurement. Big data comes amid a slew of buzzwords that promise “i ndustry disruption ” and “procurement revolution.”

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99

Logistics Viewpoints

MAY 16, 2022

SCCN solutions provide supply chain visibility and analytics across an extended supply chain. A company buys these solutions to optimize their business. What ARC calls “supply chain collaboration networks,” TCS refers to as “ecosystem commerce platforms.”. In the freight industry, these are referred to as empty miles.

Supply Chain Planning Software 211

Supply Chain Planning Software Optimal Sourcing Supply Chain Optimization Supply Chain Planning 211

EC Sourcing Group

OCTOBER 5, 2021

How to Streamline Your Procurement Process from Weeks to Hours. When contract management and procurement software first arrived on the scene, overnight it became an easy way to streamline the procurement process. Businesses didn’t have to rely on excel, emails, conversations, and word documents as much as they did in the past.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

Supply Chain Shaman

MARCH 12, 2019

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. The team was seeking analytics to monitor process compliance. Advancement in analytics improves outcomes.

Prescriptive Analytics Software 173

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 173

Supply Chain Shaman

FEBRUARY 14, 2022

Demand latency is two-eight weeks delayed from consumption purchase to translate to an order. I kept pressuring this client to use their channel data locked into the Excel files in their sales account teams. Shifts in Thinking on Planning Processes When Embracing New Forms of Analytics. Mistake #3. My challenge? Measure it.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Jaggaer

MARCH 18, 2020

To better understand the impact of big data analytics on procurement, we turned to industry veteran Walt Charles, CPO at Allergan, who sees big data as a major disruptor. How Big Data Analysis Plays into Procurement. Big data comes amid a slew of buzzwords that promise “i ndustry disruption ” and “procurement revolution.”

Big Data 59

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 59

Precoro

MARCH 11, 2024

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). Under a fee-for-service model, the healthcare provider might order multiple imaging tests, prescribe pain medications, and refer the patient to physical therapy sessions, each resulting in additional payments.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 105

Supply Chain Shaman

JUNE 14, 2018

Bonuses and incentives align with functions and are often counter productive to driving supply chain excellence. PFEP optimizes the policies that define how to procure each part. PFEP enables supply chain leaders to glean a 360-degree view of their inventory and procurement policies to maximize the value of each inventory dollar.

Optimal Sourcing 169

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 169

Supply Chain Shaman

DECEMBER 11, 2018

While there is much hype on DDMRP and the use of orders as a proxy for demand, companies need to remember that orders carry latency: they are out-of-step with market purchase behavior. The transformational wave is slowly transforming the automotive industry from a focus on selling “rides” versus the purchase of an automobile.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 195

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Elementum

FEBRUARY 7, 2024

Machine Learning (ML): The Backbone of Intelligent BPA ML is pivotal in advancing BPA by introducing predictive analytics and decision-making capabilities into automated processes. Predictive analytics forecast potential disruptions, allowing for proactive measures to minimize delays and enhance customer satisfaction.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

ShipBob

DECEMBER 13, 2023

Inventory” can refer to finished goods as well as the materials used to make those goods, whereas “stock” refers solely to finished goods. Using ShipBob: ShipBob’s analytics tools provide real-time data on sales and inventory levels, allowing for accurate calculation of the turnover ratio.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. For example, recognizing that two different terms in separate datasets actually refer to the same concept (e.g., “DOB”

Manufacturing Procurement 58

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 58

Unleashed

JANUARY 24, 2022

MRO stands for Maintenance, Repair and Operations and refers to the MRO of the machinery, equipment, and tools necessary to run a business. For example, you may look after PPE and office equipment in-house but have a supplier of maintenance equipment monitor this inventory on your behalf who raises purchase orders when stocks are low.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

SCMDOJO

JULY 24, 2023

It boasts excellent infrastructure, including well-connected harbors, well-educated people, and multilingual capabilities, making it an international logistics hotspot. While it possesses the buying power of a large corporation, NUNNER focuses on providing tailor-made solutions to its customers.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

ShipBob

SEPTEMBER 29, 2021

Procuring inventory. Procurement refers to sourcing merchandise on time to meet demand, and it affects the ways your online retail business activities (like sales, inventory management, and distribution) can be performed. . Less visibility over the procurement phase can also result in missed opportunities to optimize.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Optimization Software Inventory Management Software 52

ShipBob

SEPTEMBER 20, 2021

The process involves complex steps, from procurement, to shipping products to end users, often resulting in a lack of visibility and high operational costs. End-to-end (E2E) supply chain refers to all supply chain processes, from logistics procurement to the post-sale customer experience. . Procurement & manufacturing.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 52

Talking Logistics

DECEMBER 11, 2014

I limited myself to just six predictions, although I believe many of the predictions I made last year (and the year before that ) will continue to play out in 2015 and beyond, so I encourage you to revisit those predictions too (I listed them below for quick reference). Big Data and Analytics for Oil and Gas Transportation.

Predictive Analytics Software 201

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 201

ShipBob

NOVEMBER 6, 2023

Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. Competitive advantage: When it comes to making a purchase , customers usually have several options to choose from.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Logistics Viewpoints

APRIL 14, 2022

Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Software Forecasting Software Procurement Solutions 208

Unleashed

AUGUST 28, 2022

Specific aspects of managing inventory include procurement, storage, and utilisation tracking. These types of materials refer to components that are essential to the maintenance and continuity of operations. This valuation paints a picture of how much companies invest in procuring inventory to sustain the functions of their facilities.

Inventory Management Software 97

Inventory Management Software Inventory Reduction Inventory Management Demand Planning Software 97

TrackVia

AUGUST 17, 2023

Detailed Information: The inventory includes detailed information about each asset, such as make, model, serial number, purchase date, warranty details, and maintenance history. Data Integration: The inventory system is integrated with other hospital systems, such as the maintenance management system and procurement system.

Asset Management 98

Asset Management Analytics Software Predictive Analytics Software Optimization Software 98

crisp

SEPTEMBER 29, 2023

Settle, a pioneering cash flow management company, and Crisp, a leading retail data platform, are setting a new standard for operational excellence in the consumer goods industry. Settle’s purchasing suite directly tackles this issue by streamlining and automating the entire purchasing lifecycle.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Supply Chain Design Software Analytics Software 52

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. Logistics in this context can refer to both delivering orders to customers and moving the company’s inventory (e.g., They supervise the whole operation, from forecasting demand and planning production to procurement and logistics.

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

NC State SCRC

DECEMBER 30, 2018

One of our newest SCRC partners, Siemens Building Technologies, recently shared their insights on creating an analytics strategy. This effort was led by the Chief Procurement Officer for Siemens BT, Carl Oberland, but has recently been rolled out across the global organization. What is digital governance and stewardship?

Procurement Analytics 60

Procurement Analytics Analytics Software Predictive Analytics Analytics 60

Elementum

FEBRUARY 7, 2024

Defining Digital Process A digital process refers to methods that utilize digital technologies to enhance, automate, or otherwise improve business activities. Improving Business Operations with Digital Processes At the heart of operational excellence is the ability to optimize workflows through digital process automation. The result?

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

TrackVia

AUGUST 17, 2023

Detailed Information: The inventory includes detailed information about each asset, such as make, model, serial number, purchase date, warranty details, and maintenance history. Data Integration: The inventory system is integrated with other hospital systems, such as the maintenance management system and procurement system.

Asset Management 52

Asset Management Analytics Software Predictive Analytics Software Optimization Software 52

HICX Solutions

APRIL 16, 2021

Supplier Information Management (SIM), underpinned by MDM, is therefore leading the digital transformation in Procurement. Data can be made available across multiple systems and can be used for BI and analytics projects. This results in bad data, wasted time and increased cost. It provides ability to consolidate and clean data.

Analytics Software 95

Analytics Software Forecasting Software Predictive Analytics Software Optimization Software 95

Supply Chain Game Changer

JUNE 2, 2020

As an experienced business professional, he has served in diverse roles ranging from Marketing and Strategy, to Procurement and Supply Chain. Several articles and reference books have highlighted Joe’s procurement transformation accomplishments at Lucent Technologies, Juniper Networks, and in the area of Supply Chain Risk Management.

Sourcing Strategies 61

Sourcing Strategies Material Savings Price Reduction Cost Reduction Strategies 61

HICX Solutions

APRIL 16, 2021

Supplier Information Management (SIM), underpinned by MDM, is therefore leading the digital transformation in Procurement. Data can be made available across multiple systems and can be used for BI and analytics projects. This results in bad data, wasted time and increased cost. It provides ability to consolidate and clean data.

Analytics Software 52

Analytics Software Forecasting Software Predictive Analytics Software Optimization Software 52

SCMDOJO

MARCH 19, 2024

When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business. At the same time, it makes excellent sense to have a good SEO software solution to keep track of how your marketing strategies perform.

Supply Chain Visibility 76

Supply Chain Visibility Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 76

ShipBob

APRIL 8, 2022

That means you’re spending money to procure inventory that doesn’t get sold. SKU analysis is a great way to keep an eye on these important details so you don’t keep throwing away money on procuring and keeping unprofitable SKUs. This will help you cut costs on procuring and holding slow-moving items.

Analysis 52

Analysis Procurement Analytics Inventory Management Software Inventory Reduction 52

Resilinc

JANUARY 23, 2024

Accomplished procurement veteran and author Tom Linton provides valuable insights into the supply chain risk management landscape in 2024 in this exclusive Q&A. In this Q&A, Tom shares insightful stories from his over 20 years in procurement and tells us what should be top of mind for supply chain managers in 2024.

Supply Chain Risk Management 101

Supply Chain Risk Management Risk Management Supply Chain Software Supply Chain Design Software 101