Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

QAD

APRIL 11, 2024

Artificial intelligence (AI) is one of the big “buzzwords” of 2024, which is a shame because the technology’s analytical capabilities have a lot to offer supply chain planners – if you can cut through the hype. How is AI Improving Supply Chain Management? I’m never one to jump on the bandwagon with emerging technologies.

Predictive Analytics 72

Predictive Analytics Predictive Analytics Software Supply Chain Disruption Supply and Demand 72

ThroughPut

DECEMBER 6, 2023

Thanks to the more advanced forms of supply chain analytics like predictive analytics, supply chains are proactively looking into the future and prepping for “what is to come” rather than only ruminating over “what already happened.” What Is Predictive Analytics for Supply Chain?

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. With supply chain management analytics software, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Logility

AUGUST 15, 2023

Smarter, Not Harder: How to Climb Every Peak in Supply Chain Planning Supply chain planning is like a grand mountaineering expedition. Even before importing and selling any item, every step addresses complex challenges amplified by regulations dictating the origin of goods and ethical sourcing and labor practices.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Talking Logistics

MARCH 19, 2019

Relying on proactive rather than reactive analytics, and the ability to make specific actionable callouts from these data sets, will be key to navigating the ever-changing shipping landscape both now and in the future. Although very informative in their own right, retrospective analytics cannot undo the past. Enter proactive analytics.

Analytics Software 131

Analytics Software Analytics Shipping Metrics 131

EC Sourcing Group

AUGUST 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. Every company wants to save money, but the right sourcing software can help you manage spend and save money the right way. Illegal sourcing. Unethical Procurement Practices : How to Avoid Unethical Procurement . Favoritism.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

Intelligent Audit

MARCH 23, 2021

More than one source of data and analytics is needed to get the most precise possible picture of supply chain spending and operational costs. Monitoring expenses and shipping costs via their APIs helps streamline shipping analytics and sharing as those systems exchange data automatically.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Cost Reduction Strategies 52

EC Sourcing Group

MARCH 21, 2022

Sourcing is a vital piece of procurement and the overall supply chain itself. However, just about anything can be improved upon, and sourcing optimization and optimized operations can help streamline the process. Read on to learn more about how to optimize the procurement process and how to improve upon sourcing.

Optimal Sourcing 52

Optimal Sourcing Sourcing Optimization Software Supply Chain Planning Software 52

Logility

APRIL 23, 2020

So, the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. Answering the questions that the business has may require gathering additional data, purchasing data from third parties, or reformatting existing data sources. One may ask, “What’s next?”

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

EC Sourcing Group

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

EC Sourcing Group

NOVEMBER 8, 2022

??Meeting the Demand in Sourcing and Procurement. In recent years, considerable efforts have been made to simplify and streamline sourcing, procurement, and overall supply chains to meet demand more effectively. Sourcing and Procurement Optimization : Speed and Transparency. Savings tracking and analytics .

Optimal Sourcing 52

Optimal Sourcing Demand Planning Software Sourcing Strategies Supply Chain Software 52

Demand Driven Technologies

MARCH 3, 2023

Without knowing anything about a company or its products, by examining an analytical graph of stock history for an item or a family of items, you can understand a lot of things, and deduce actions to take to improve. Read more Source One of the great strengths of Demand Driven methodologies is to provide supply chain visibility.

How To 87

How To Supply Chain Visibility Optimal Sourcing Analytics 87

EC Sourcing Group

OCTOBER 4, 2022

Strategic Sourcing Solutions to Enhance Your Bottom Line. Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. What Is Strategic Sourcing?

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Procurement Solutions 52

EC Sourcing Group

JUNE 28, 2022

Read on to learn more about tail spend examples, what tail spend is, how to manage tail spend, and how to optimize tail spend using analytics. The second step to optimizing your tail spend with analytics is to get your data centralized to enable tail spend consolidation. What Is Tail Spend? Make Changes Slowly.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Analytics Software Optimization Software 52

Logistics Viewpoints

AUGUST 11, 2022

It collects and stores data from a variety of sources. These sources may include electronic logging devices, telematics networks, mobile devices, RF devices, and GPS information from automatic identification systems for ship locations and NORAD for aircraft positioning. The post Do You See What I See?

Supply Chain Planning Software 232

Supply Chain Planning Software Forecasting Software Logistics Network Optimization Software Supply Chain Network Software 232

Enterra Insights

FEBRUARY 19, 2020

Although each of these activities has value, new analytical tools are available to help business leaders predict what could happen in the future and assist them in deciding how to proceed. As AI and machine learning continue to develop, the way we use analytics also continues to grow and change. Types of analytics.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 100

BlueYonder

MARCH 18, 2024

As the Harvard Business Review puts it, “Even as Walmart, Amazon, and a few other leading retailers operate at the leading edge of the analytics frontier, . . . These businesses struggle to collect data that is scattered all across their supply chain and in third-party sources. That’s how you’ll close the gap on retail giants.

Supply Chain Network Software 85

Supply Chain Network Software Optimization Software Analytics Software Modeling Software 85

Intelligent Audit

OCTOBER 27, 2022

Far from a buzzword, big data analytics in logistics and supply chain management are helping companies gain insight into their current performance while optimizing future operations. Or in some cases, there are so many data sources and raw data it can feel overwhelming, leading to inaction and not getting the most out of the data.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Unleashed

MARCH 6, 2024

Some tips for using supply chain agility to manage compliance challenges: Conduct regular assessments of the legal and regulatory landscape in the markets where you operate or source from and identify potential changes or challenges that could affect your supply chain. An agile supply chain is flexible, adaptable, and resilient.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Enterra Insights

MARCH 13, 2018

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] Diving for pearls: Types of analytics.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Analytics Software Predictive Analytics Procurement Analytics 100

Turvo

AUGUST 18, 2021

Some of the best practices on how to implement supply chain management systems include avoiding too many systems, keeping an eye on competitors, and creating clear expectations. Sometimes outside sources are the best research tools available. In addition to these processes, companies can keep their focus on what matters.

Analytics Software 98

Analytics Software Demand Planning Software Supply Chain Software Logistics Network Optimization Software 98

Talking Logistics

DECEMBER 5, 2017

How do we analyze it efficiently? How do we use it to our advantage? Managed analytics is an integrated information process that’s been field-tested and proven to drive improved supply chain performance. The Fundamentals of Managed Analytics. How well is my transportation routing guide performance?

Prescriptive Analytics Software 105

Prescriptive Analytics Software Analytics Software Supply Chain Design Software Predictive Analytics 105

EC Sourcing Group

JUNE 8, 2021

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Read on to learn how to get started with procurement sourcing solutions and what to look for in software.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

OptiProERP

APRIL 9, 2024

Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement. Image source : McKinsey & Company Technology for Tracking Tracking the Q2C process requires robust functionality.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

SYSPRO Smarter ERP

NOVEMBER 1, 2021

With one universal touchpoint, businesses can have full visibility of inventory levels along with backend systems to handle procurement and sourcing policy changes, distribution, and lead time planning as well as analytics providing data real-time to support improved decision-making. Maintaining competitive advantage.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

Talking Logistics

JULY 2, 2018

How can technology, specifically transportation management systems and predictive analytics, help shippers and third-party logistics providers (3PLs) excel in this area? The post Final Mile Delivery: The Role of TMS and Predictive Analytics appeared first on Talking Logistics with Adrian Gonzalez. Why is it important?

Predictive Analytics 101

Predictive Analytics Predictive Analytics Software Analytics Software Analytics 101

Supply Chain Shaman

FEBRUARY 27, 2020

How do we harness the power of data with new forms of analytics? How do we slay the dragon and kill bad processes? Today, technology providers are selling analytics. And again, companies aren’t sure how to configure themselves to play profitably in there. In Figure 1, I show results from a recent S&OP study.

Analytics Software 238

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 238

GlobalTranz

JULY 25, 2018

Now, more than ever, industries are seeking simple integrations with controls, automation, and data analytics visualization software to harness the power of the Industrial Internet of Things and realize attractive operational and competitive benefits for their business. Intermediate Layer : this would take care of edge point control.

Internet of things 121

Internet of things Supply Chain Design Software Analytics Software Supply Chain Planning Software 121

Supply Chain Opz

DECEMBER 1, 2014

Data analytics or “Big Data” also bears huge potential for increasing supply chain efficiencies. Better detection of demand trends, and active control of demand variation by promotions and advertising bears the potential to curb variability at its source.

Sourcing Strategies 245

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Supply Chain 245

The Logistics of Logistics

JANUARY 11, 2023

Expertise in operations, LTL pricing and procurement, flatbed operations, dry van, tracking and tracing, reality tv shows and how to turn a stranger into your new best friend. FreightWaves TV and podcasts are informed by FreightWaves’ freight data analytics and presented in interesting and engaging shows. About FreightWaves.

Analytics Software 191

Analytics Software Logistics Network Optimization Software Freight Rail Software 191

Intelligent Audit

MAY 27, 2021

Many businesses in the transportation and logistics industry use retail supply chain analytics to predict the future. By leveraging historical information and data, experts can predict how to optimize revenue. Using these analytics can be incredibly helpful for even the most inexperienced practitioner.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Modeling 52

Intelligent Audit

MAY 27, 2021

Many businesses in the transportation and logistics industry use retail supply chain analytics to predict the future. By leveraging historical information and data, experts can predict how to optimize revenue. Using these analytics can be incredibly helpful for even the most inexperienced practitioner. The Perfect Order Rate.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Modeling 52

AIMMS

NOVEMBER 12, 2015

Source: Oliver Wight. Optimization is a form of advanced analytics that helps you solve complex decision problems, enabling you to make the best use of your business’ limited resources.* The post How to support IBP with Modeling and Optimization appeared first on AIMMS.

Optimal Sourcing 156

Optimal Sourcing Modeling Optimization Modeling Modeling Software 156

GlobalTranz

NOVEMBER 30, 2021

Let’s take a closer look at how to turn these practices into action. Analytics provides visibility into your transportation network and operations. Analytics and market intelligence that enables businesses to make data-driven decisions is especially valuable for an industry marred with the effects of? Forecast Demand?with?Analytics.

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221