Supply Chain Shaman

FEBRUARY 18, 2021

While prior risk management disruptions occurred and quickly established a new normal, in the COVID-19 pandemic, the only normal is constant change. Resist the temptation to place deeper analytics on top of existing data models. Out of desperation, they turned to the use of descriptive analytics. It will not be over soon.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

Supply Chain Shaman

JUNE 24, 2022

At conferences, I hear many discussions about risk management and control towers. Risk management concepts are largely passe, and many control towers are futile attempts in the face of spiraling variability. The metrics selection resulted from work with Arizona State University in 2013.) The reason? My takeaway?

Supply Chain Planning Software 366

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 366

GlobalTranz

OCTOBER 6, 2021

Proper vetting of carriers helps ensure risk management, and creates a re liable network for future growth, scalability and flexibility. . Focusing on the transportation metrics that have the greatest impact on the supply chain can help managers stay attentive to both short-term and long-term goals and needs. .

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Through machine learning and data analytics, companies can gain valuable insights from extensive datasets, supporting decision making. To ensure successful integration, they should create a plan with timelines, resources, and evaluation metrics (refer Figure 2).

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Turvo

JUNE 12, 2020

It rests in understanding the value of collaborative logistics , including the causes of shrinking profit margins in freight brokerages, how analytics and data allow Freight Brokers to measure and improve the health of their business, and immense opportunities to apply analytics, drive collaboration, and lower freight costs for customers.

Analytics Software 53

Analytics Software Analytics Expense Reduction Cost Reduction Strategies 53

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 Shaman

JANUARY 31, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. The US GDP in 2021 grew at an unexpected rate of 5.7%

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Logistics Viewpoints

AUGUST 15, 2022

MSCN solutions provide supply chain visibility, network-based applications, and network analytics across an extended supply chain. Networks have distinctive advantages when it comes to supplier onboarding, communication, partner management, and being able to provide unique analytics. Coupa calls this community intelligence.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

GlobalTranz

SEPTEMBER 23, 2021

Proper vetting of carriers helps ensure risk management, and creates?are transportation metrics ?that that have the greatest impact on the supply chain can help managers stay attentive to both short-term and long-term goals and needs.? . are liable?network network for future growth, scalability and flexibility.?? .

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

ivalua

SEPTEMBER 14, 2022

With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption. Effective supplier management will be agile enough to identify disruption and the impact it will have on suppliers and take action.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

Talking Logistics

JANUARY 7, 2016

You can use modeling technology to accurately identify and quantify potential supply chain risks and their corresponding costs, and develop mitigation strategies through scenario optimization and advanced analytics to build resiliency into your operations. This provides high-level metrics for evaluating risk in the supply chain.

Modeling 70

Modeling Supply Chain Design Software Supply Chain Design Modeling Software 70

Supply Chain Shaman

FEBRUARY 7, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. The US GDP in 2021 grew at an unexpected rate of 5.7%

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Intelligent Audit

JANUARY 18, 2022

Actionable analytics and meaningful logistics intelligence are essential elements in freight. Actionable analytics gather large volumes of data and interpret it in a meaningful way, translating it into effective business strategies. That degree of data management is complicated by the changing nature of the freight market in 2022. .

Analytics Software 52

Analytics Software Supply Chain Planning Software Supply Chain Design Software Procurement Analytics 52

Logility

JULY 31, 2023

By understanding how changes in various factors can impact your operations, you can develop strategies to streamline your supply chain management processes and improve efficiency. They may not offer real-time data integration, advanced analytics, or seamless collaboration features.

S&OP 130

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 130

Enterra Insights

JANUARY 2, 2024

Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.” ” Risk Management and Simulations Another trend identified by McCrea is the use of supply chain simulations. Norm Saenz , partner and managing director at St. .”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Modeling 130

Logistics Viewpoints

NOVEMBER 14, 2022

A multi-enterprise supply chain network platform provides network-based order fulfillment applications and/or advanced network-based supply chain risk analytics. But, if a company wants to work with a new supplier, and that supplier is in the network, metrics on that carrier also exist.

Agile and Lean Supply Chain 224

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 224

Supply Chain Shaman

NOVEMBER 15, 2021

Today, only one in two business leaders feel that they are successful in deploying analytics. Redefine Metric Systems and Clearly Define Supply Chain Effectiveness In These Volatile Times. Avoid the discussions on traditional risk management approaches. This is unprecedented time.

Supply Chain Design Software 278

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 278

The Logistics & Supply Chain Management Society

MAY 28, 2022

In a recent Federation of European Risk Management Associations (FERMA) survey with McKinsey , business operations and supply chain emerged as weak points in the areas of risk and resilience. Analytics provide a deep understanding of threats and opportunities to improve customer experience and corporate performance.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Innovation 269

SYSPRO Smarter ERP

MARCH 27, 2023

Significant investment is needed to develop internal capabilities and infrastructure, establish strategic partnerships with key suppliers, and implement risk management processes. The last three years have exposed the risks of doing that. Revise sourcing policies to focus more on reliable delivery rather than just lower costs.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Modeling 104

o9 Solutions

JANUARY 20, 2022

Environmental and social sustainability attributes and measures will be embedded in all core processes in the o9 platform, leveraging the Enterprise Knowledge Graph (EKG), analytics, AI and market intelligence capabilities to create high-impact use cases. Sustainability is a critical topic in every supply chain transformation.

Supply Chain Design Software 52

Supply Chain Design Software Sustainability Supply Chain Planning Software Analytics Software 52

HICX Solutions

FEBRUARY 15, 2024

Organizations will need to consider and invest in customer experience metrics and data analytics to understand better what their customers want and enhance the supply chain’s ability to understand this. Organizations must understand their suppliers’ previous performance and the risks they pose to the supply chain.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

Supply Chain Shaman

MARCH 9, 2020

I settled on a title on helping the supply chain planner to be more successful in completing work during this cycle of risk management, but the advice is designed to make organizations more successful with planning over the long-run. We are living in the middle of a risk management supply chain case study.

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 297

Talking Logistics

SEPTEMBER 18, 2014

According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. You can start small with a few trading partners and expand over time.

Supply Chain Design Software 196

Supply Chain Design Software Big Data Supply Chain Visibility Optimal Sourcing 196

Supply Chain Shaman

JANUARY 28, 2015

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). As we focused on complexity reduction, we developed strong analytical approach to not only cost, but also cost-to-serve and landed cost. Today, talent is at a premium.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

Supply Chain Shaman

MARCH 21, 2022

The pandemic was not a “risk management event.” Traditional Risk Management Techniques Are Passe. When variability is the primary risk, the traditional definitions are thrown out of the window. Companies need to be aligned to a common set of metrics in a balanced scorecard to mitigate risk.

Modeling 276

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 276

Supply Chain Shaman

NOVEMBER 15, 2021

Today, only one in two business leaders feel that they are successful in deploying analytics. Redefine Metric Systems and Clearly Define Supply Chain Effectiveness In These Volatile Times. Avoid the discussions on traditional risk management approaches. This is unprecedented time.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Today, only one in two business leaders feel that they are successful in deploying analytics. Redefine Metric Systems and Clearly Define Supply Chain Effectiveness In These Volatile Times. Avoid the discussions on traditional risk management approaches. This is unprecedented time.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

ThroughPut

FEBRUARY 23, 2024

Your sourcing department can save valuable time because AI tools analyze suppliers with the aid of relevant data points and metrics and match them with the contract opportunities available. Supply Chain AI Use Case 7: Risk Management of the Supply Chain Risk is an inevitable part of the business world. What can help?

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Elementum

FEBRUARY 7, 2024

It’s a strategic reimagining of business models and processes, powered by cloud computing, big data analytics, and AI, making businesses more adaptive, responsive, and customer-focused than ever before. Metrics such as processing time, error rates, and customer satisfaction levels serve as performance indicators. The result?

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Precoro

DECEMBER 11, 2023

The sourcing team, in cooperation with procurement specialists and management, establishes performance metrics (KPIs, key performance metrics) and monitors sourcing success. Building strong supplier relationships in strategic sourcing involves focusing on continuous and strategic supplier relationship management (SRM).

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Talking Logistics

JANUARY 8, 2018

If you were to add a subtitle to every supply chain professional’s job description it would be Risk Manager or Risk Mitigator. Cahn also highlighted on-time delivery risk: “Will a supplier be around to support my delivery schedules and can I trust them not to shut down my plant [due to a late or missed delivery],” he added. “Do

Supply Chain 103

Supply Chain Logistics Network Optimization Software Real-time Visibility Sourcing Strategies 103

Enterra Insights

JULY 16, 2018

So it comes as no surprise a joint report published by the Cranfield School of Management and Dun & Bradstreet concludes, “There are significant differences across sectors, requiring varying risk management practices across industries.”[1] This year’s top ten risks were identified as: 1. ”[8].

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 100

Precoro

FEBRUARY 12, 2024

According to the 2022 Deloitte Global Treasury Survey , CFOs consider improving liquidity risk management to be a top priority for their treasury departments. But why is liquidity management so important? Thus, liquidity is critical to overall risk management and business resilience.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Kinaxis

APRIL 10, 2015

Prioritized action lists based on impact to your customers or whatever key metrics drive your business can ensure that planners are working on what matters. To react quickly, you need a handful of basic capabilities: You need fast analytics that allow you to try and discard multiple resolution options in seconds. Act Faster.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 100

SYSPRO Smarter ERP

JANUARY 23, 2023

Because an ERP system provides a comprehensive view of a company’s operations, it can be used for tracking and reporting on ESG metrics. By integrating company data with data from supply chain partner’s businesses can identify areas of intervention beyond the company’s own processes. 5 ways that ERP plays a role in ESG?

Waste Reduction 111

Waste Reduction Report Optimal Sourcing Price Reduction 111

Kinaxis

SEPTEMBER 16, 2014

While there was always passionate discussions on companies and metrics, the end goal was to raise awareness of supply chain as a practice. We believe it is the supply chain leader’s role to build and manage supply chain performance to drive year-over-year improvements which are balanced, strong and resilient. So, drum roll please….

Supply Chain Planning Software 279

Supply Chain Planning Software Gartner Supply Chain Design Software Agile and Lean Supply Chain 279

DynaSys

JUNE 16, 2021

The most important role of scenario management is analysis and comparison. Stakeholders must agree on the list of metrics that will be used to compare scenarios. They should also agree on the relative weighting given to each metric. Scenario simulation and analysis is highly analytical.

Scenario Planning 52

Scenario Planning Supply Chain Planning Software Supply Chain Planning Comparison 52