Advanced Analytics Are Everywhere!

Logility

Analytics are literally everywhere. Open any supply chain periodical, blog, or report and chances there is a discussion around the importance of analytics. The following is a quick checklist of capabilities you should look for to support your advanced analytics initiative.

Advanced Analytics Are Everywhere!

Logility

Analytics are literally everywhere. Open any supply chain periodical, blog, or report and chances there is a discussion around the importance of analytics. The following is a quick checklist of capabilities you should look for to support your advanced analytics initiative.

Don’t risk falling behind: 3 things you can do to start mastering analytics

AIMMS

In today’s business environment, you can’t remain competitive without mastering analytics. S till, most companies are “not very far” when it comes to implementing analytics and garnering benefits from data, as a recent survey from CSCMP suggests.

Gartner’s Five-Stage Maturity Model for Supply Chain Analytics

ToolsGroup

Gartner measures supply chain analytics maturity across seven different dimensions. There are supply chain and demand analytics models that describe the type of analytics being deployed (e.g., Excel spreadsheets dominate, providing limited analytics.

The 4 Stages of Supply Chain Analytics

and advanced analytics. Supply Chain Analytics Maturity Model 2 The Stages Supply chain leaders are wanting their organizations to be data-driven. stage 1) to prescriptive and forward-looking analytics to drive meaningful. 3 Stage 1 Descriptive Analytics (What happened?)

3 Compelling Reasons to Start Using Prescriptive Analytics

AIMMS

If you’ve read up on the latest topics in the field of data analysis, then you’ve probably encountered the term Prescriptive Analytics. Prescriptive Analytics is a type of Advanced Analytics that results in a recommended action.

[Infographic] Big Data Analytics in Supply Chain

Cerasis

Editor's Note: Today's blog is from our friend Derrick Rehn with FusionOps who shows us how big data analytics can benefit you in your supply chain. . In areas of big data analytics for enterprises, the answer is inevitable – use the cloud. . Implementing Advanced Analytics .

Using Managed Analytics to Build a Next-Generation Supply Chain

Talking Logistics

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. The Benefits of Managed Analytics. Is Your Supply Chain Right for Managed Analytics?

Understanding Your Sourcing Footprint is the Key to Procurement Analytics

Supply Chain View from the Field

Direct conversations through on-site engagement with different lines of business is the most direct and effective means of understanding how sourcing processes are occurring today, as well as understanding how the sourcing need evolves and is expressed to suppliers. Supplier registration processes need to be designed around sourcing engagement processes, which track the supplier life cycle. Procure to Pay Strategic Sourcing Supply chain analytics

Tackling the Unknown: Trying to Figure Out New Forms of Analytics

Supply Chain Shaman

The new world of supply chain analytics is my current research project. There is a great need for improved supply chain analytics. The first generation of supply chain analytics were an extension of solutions with three letter acronymns–ERP, CRM, SRM, SCE, and APS.

CIO: Here's Why Analytics is Eating the Supply Chain

Life science companies are adopting innovative cloud technology to provide a single source of truth for end-to-end supply chain decision-making

How Peapod drives supply chain innovation and efficiency with analytics

AIMMS

There’s no doubt that the role of data, technology and analytics in retail decision-making is growing, and that this trend will further heat up over the next few years. Image source: Peapod. An interview with Daniël van Gool at Peapod.

Siemens BT: Every analytical transformation requires a “Jonah Hill”

NC State SCRC

One of our newest SCRC partners, Siemens Building Technologies, recently shared their insights on creating an analytics strategy. Carl noted that “Analytics strategy is like giving the whole organization a full body scan. Both individuals are needed to produce Discovery Analytics.

Five Steps to Navigating Supply Chain Analytics Data Challenges

Talking Logistics

Having been in the game of supply chain analytics for so long, we’ve noticed that data is the single biggest challenge our customers and consultants encounter. Source.

Global Supply Chain Risk Exposures Report- Continued Reinforcement for More Risk-Balanced Sourcing Decisions

Supply Chain Matters

Within its 5th annual Natural Hazards Risk Atlas, risk analytics and advisory firm Verisk Maplecroft calls attention to high profile risk cities that happen to be today’s growing manufacturing and logistics hubs. From our Supply Chain Matters lens, it provides a yet another stark indicator that supply chain disruption and risk criteria were most likely not weighted high in past outsourcing or global based manufacturing and strategic sourcing strategies.

End to End Supply Chain Visibility - Solving The Data Problem

simply seeing information in one place, aggregating data from multiple sources. analytics via a cloud-based application that. 1DIGITAL TRANSFORMATION, END-TO-END VISIBILITY, AND. THE "DATA PROBLEM". Given the macroeconomic cl imate and the. Amazon effect," many companies are.

Advanced Analytics Aren't Just for IT.

River Logic

The Chief Information Officer (CIO) and Chief Technical Officer (CTO) play a key role in sourcing new technology that can be used to develop and grow an organization's business. This includes using advanced analytics to examine data and develop future strategy based on trends and other information mined from the data. Advanced Analytics Supply Chain Excellence CFO CSCO CEO COO

Final Mile Delivery: The Role of TMS and Predictive Analytics

Talking Logistics

How can technology, specifically transportation management systems and predictive analytics, help shippers and third-party logistics providers (3PLs) excel in this area? Karen says, “Predictive analytics can help shippers and transportation companies to analyze past trends, including delivery times, quality and costs, to estimate future needs, to evaluate which couriers to use, and to reroute or change delivery times for better efficiency and service.”.

Strategic sourcing enters a new age. Are you keeping up? (Part 1)

ivalua

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. The decision making process used to select suppliers must be fact-based and driven by a rigorous analytical approach.

Big Data Analytics: A Key to a Successful Supply Chain in the Next 5 Years?

Cerasis

However, as the importance of big data analytics is realized companies are beginning to realize that it is not only worth the investment but vital toward remaining competitive. There are several direct and indirect benefits to using big data analytics for your supply chain. Immediate Benefits of Big Data Analytics. The main benefit of big data analytics regarding supply chain management is customer service. Data Supply Chain Technology big data analytics

Removing the 3 Barriers to Building a Predictive Supply Chain

CHAIN DATA CLEAN STRUCTURE PREDICTION & SIMULATION ClearMetal.com | Toppling 2 Major Misconceptions in Predictive Logistics 3 Barriers to Predictive Logistics Today, three barriers remain in global supply chain analytics: 1. such as cloud, analytics and big data. multiple sources.

Blockchain and Supply Chain Analytics: Impact of Small to Large Supply Chains

Cerasis

The value of blockchain and supply chain Analytics is Undisputed, and the capabilities of blockchain Technology are starting to become available two small and midsize businesses, as well as large corporations, such as Walmart.

Big Data Analytics are Table Stakes for Digital Age Businesses

Enterra Insights

Business executives are always looking for a competitive edge and many have turned to advanced analytics to find that advantage. In the digital age, they often gamble their company’s future on the decisions they make, which is why advanced analytics have become table stakes in business. They write, “Competitive advantage with analytics is waning. The percentage of companies that report obtaining a competitive advantage with analytics has declined significantly.

Question and Answer – Accelerate Supply Chain Performance Using Advanced Analytics

Logility

On the recent webcast, Accelerate Supply Chain Performance Using Advanced Analytics , I had the pleasure to speak with a leading authority in analytics, Bill Panak, Vice President, Data Science, Halo Business Intelligence.

Supply chain inventory optimization – Beyond the analytics

Kinaxis

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. The focus with Inventory optimization is often on analytics, but that’s just the beginning.

Sourcing Analytics Combined with Relationship Management is Key for Automotive Suppliers

Supply Chain View from the Field

In fact, automotive OEM customers only allow design changes once a year, which means that any changes in supplier source, specification, tooling, or any other element of process or design production has to be accumulated and implemented all at one time! In the world of automotive electronics, relationship management supported by strong sourcing analytics is a way of life for some time to come! I spent some time visiting this week with Sensata in Aguascaliente Mexico.

Advance Your Business with Advanced Analytics

Enterra Insights

”[1] The promise and benefits of big data can only be obtained through advanced analytics. ” Advanced analytics is now a must-have capability. At the beginning of the Big Data Era, advanced analytics were a “nice-to-have” capability that often provided a significant competitive edge. Sam Ransbotham ( @Ransbotham ), David Kiron ( @DavidKiron1 ), and Pamela Kirk Prentice ( @pamelakprentice ) explain, “Competitive advantage with analytics is waning.

How Analytics Can Help Shippers Combat Rising Intermodal Transportation Costs

Savi

Intermodal Transportation Landscape In a 2017 American Shipper Report on global sourcing, 58% of shippers indicated that their biggest concern today is rising intermodal transportation costs. Insight analytic tools such as Savi Insight can help shippers more carefully schedule open loading docks, allowing drivers to avoid spending hours waiting for a dock to clear at pickup or delivery locations. Big Data & Analytics Featured Supply Chain

Sorting out Risk in FinTech Source Chains

NC State SCRC

But emerging technology is now beginning to create new ways to think about sourcing risk, which in the past has been a very manual, encumbered process. This has caused banks to look at the flow of activities in the “source chain”, which refers to the way that third parties use bank data for different opreations. Today, this end to end sourcing process has literally hundreds of different steps in the process. Let’s examine the source chain in more detail.

The Benefits of Maintaining Transportation Sourcing Analytics through a Platform Dashboard

CHAINalytics

However, this article will focus primarily on the tools aspect of the sourcing … The post The Benefits of Maintaining Transportation Sourcing Analytics through a Platform Dashboard appeared first on Chainalytics.

Want to disrupt your supply chain? Check out this new analytical tool

ToolsGroup

These new connections enable data flows that, if properly exploited, create “information asymmetries” that can be source of new value-added features or capabilities.

Tools 224

Value of Analytics for Wholesale Distributors

Silvon Software

Analytics can help wholesale distributors maximize profits, but it isn’t just about gaining insights from the data. Here’s more information on the value that analytics can bring to wholesale distribution organizations: Operational Efficiency. Intelligent Analytics

Need Robust and Flexible Supply Chain Analytics? Build your own Apps

AIMMS

When it comes to Supply Chain Analytics, an “Apps approach” can have just as many benefits. But what exactly is a Supply Chain Analytics app? Most people think that Analytics Maturity is about technology. AIMMS analytics Conferences Gartner Innovation

A Tale of Two Procurement Books: Cox’s Sourcing Portfolio Analysis (Cox) & Strategic Sourcing in the New Economy (Keith et al.)

Supply Chain View from the Field

Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement. The book relies on a series of prescriptive two by two matrices, that are further segmented into eight by eight matrices, that establish different typologies for supplier segmentation, The application of these frameworks to the universe of buyer-seller relationships I proposed (ostensibly) to lead to improved sourcing outcomes…for the buyer!

Are Your Business Analytics and Reports in Distress?

Silvon Software

For businesses that use dashboards and other types of analytics and reports to help run their companies, it isn’t uncommon for many to find that that their reporting systems aren’t up to snuff until something critical happens like a lost major customer, decreased revenue, shrinking margins, and more.

Gaining a Competitive Edge through Advanced Analytics

Enterra Insights

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] ”[1] He continues, “The use of analytics that include statistics is a skill that is gaining mainstream value due to the increasingly thinner margin for decision error. Descriptive Analytics.