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Harnessing Data Analytics to Fuel Business Growth

Silvon Software

Without analytical tools and methodologies, navigating through vast amounts of data can be overwhelming. Nonetheless, when harnessed through analytics, data transforms into a powerhouse of valuable insights. Data stands as the cornerstone of the global economy, offering significant leverage to businesses poised for expansion.

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How Manufacturers Can Leverage AI & Analytics For Strategic Decision-Making

Silvon Software

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. Financial Forecasting Executives can use models to project future financial conditions based on current data trends.

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The Benefits of Integrating Operational Reports with Strategic Analytics

Silvon Software

Addressing More Complex Issues with Operational Reporting As technology progresses in business intelligence (BI), it’s time to reconsider the traditional divide between operational reporting and strategic analytics. Strategic analytics, on the other hand, is often associated with reporting from an analytical data source like a data hub.

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.

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28 Procurement KPIs That Optimize Supplier & Buyer Performance

Silvon Software

The past few years have created a lasting impact on the way business is conducted, driving many companies to analytics to gain the visibility they need to control and optimize key processes. The Basics of Procurement KPIs. Every KPI needs a clearly defined goal. Supplier KPIs.

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Track the Supply Chain Metrics that Really Matter

Precoro

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

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Get the Procurement Analytics Advantage with SAP S/4HANA

Bristlecone

Did you know that advanced analytics, when used in lieu of traditional statistical models, can help procurement departments increase cost efficiency by 3-8%? [1]. The procurement department of any business generates more data than is humanly possible to compute and comprehend through traditional means. Operational Procurement.