Logility

MARCH 13, 2020

Here’s your two-minute guide to understanding and selecting the right descriptive, predictive and prescriptive analytics for use across your supply chain. Companies that are attempting to optimize their S&OP efforts need capabilities to analyze historical data, and forecast what might happen in the future.

Prescriptive Analytics Software 210

Prescriptive Analytics Software Predictive Analytics Procurement Analytics Analytics Software 210

Freightos

MARCH 23, 2016

Here at Freightos, we’re big fans of making global logistics work better by bringing data online (and especially instant freight quotes!). And, like many other logistics startups , we’re particularly enthusiastic about how Big Data can change the way goods are moved around the world. Fundamental Feature.

Big Data 120

Big Data Logistics Network Optimization Software Data Predictive Analytics Software 120

Enterra Insights

MAY 26, 2022

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. With all generations getting more comfortable on the digital path to purchase, most retailers have adapted to this new reality and are pursuing omnichannel strategies.

Procurement Solutions 130

Procurement Solutions Procurement Analytics Manufacturing Procurement Predictive Analytics Software 130

GlobalTranz

NOVEMBER 18, 2016

Big data applications are already impacting supply chain entities around the globe, but some of its most interesting possibilities may have yet to be realized. However, the current progression of big data does give rise to some very tangible benefits to your company within the next five years.

Big Data 120

Big Data Material Savings Supply Chain Planning Software Data 120

ThroughPut

MAY 3, 2024

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. This involved procurement, maintenance, and transportation of military facilities, services, materials, and personnel.

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

Supply Chain Shaman

APRIL 16, 2024

Let’s start with definitions: Self Service Planning: Decision support technologies designed for business leaders to use analytic techniques on a collaborative platform to improve business planning. Outside-in Planning: Modeling based on channel and supply network signals. This week, I was at Informs Analytics Conference.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 219

Unleashed

JANUARY 27, 2020

Big data refers to the process of examining and analysing large and diverse data sets for the purpose of uncovering valuable information to help businesses make informed decisions. The relationship between SMEs and big data is not contradictory, because no business is too small for big data.

Big Data 63

Big Data Analytics Software Predictive Analytics Software Purchasing Skills 63

Enterra Insights

AUGUST 31, 2015

According to a report prepared for the World Economic Forum by Bain & Company, “Personal data is becoming a new … Continued. The post What the Truman Show Can Teach Us about Big Data appeared first on Enterra Solutions.

Big Data 100

Big Data Data Procurement Analytics Procurement Solutions 100

Supply Chain Shaman

MAY 26, 2023

In these conventional IT approaches, data is written and coded with fixed semantics into rows and columns. I term this our data jail. Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. As a result, data query is fast.

Optimal Sourcing 345

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 345

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. Or planned orders to purchase orders?) Testing Of Outside-in Processes Using channel and market data and the redefinition of demand planning from time-phased data to flow decreases the FVA by 10%, removes bias, and decreases the bullwhip by at least 50%. I don’t know.

Supply and Demand 384

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 384

Enterra Insights

NOVEMBER 4, 2020

Even before the coronavirus pandemic closed physical stores and forced consumers online, they were journeying on the digital path to purchase in increasing numbers. ”[1] As a result of increased digital-path-to-purchase activity, online marketplaces have flourished. . Predicting Trends. … In the U.S., ”[2].

Procurement Analytics 100

Procurement Analytics Purchasing Skills Procurement Solutions Analytics Software 100

Logistics Viewpoints

FEBRUARY 5, 2024

Russell Zuppo, a vice president for consulting services at Uber Freight, reports that in their customer base, Walmart suppliers are currently paying 0.16% of the cost of goods sold in fines to Walmart. The fines, Uber Freight reports, vary by the costs of the products being sold to Walmart.

Shipping 244

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 244

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation. Less Collaborative.

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

Enterra Insights

APRIL 25, 2019

Today, in addition to those activities, new analytical tools are available to help business leaders predict what could happen in the future. Those tools became possible with the creation of large datasets (aka big data) and the maturation of artificial intelligence (AI). ” Types of analytics. 2] They are: 1.

Predictive Analytics 124

Predictive Analytics Prescriptive Analytics Software Predictive Analytics Software Analytics Software 124

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. ” Her answer was telling.

Optimal Sourcing 219

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 219

GlobalTranz

NOVEMBER 21, 2017

In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain data can have a big impact on their bottom line. Some supply chain companies are leaning on the power of analytics to help streamline their processes and get ahead of their competitors. Hanesbrand Inc. ,

Analytics Software 173

Analytics Software Procurement Analytics Agile and Lean Supply Chain Modeling Software 173

Supply Chain Shaman

NOVEMBER 11, 2020

On September 30, the big data company Palantir went public in an initial 22B$ market valuation. I am frequently asked, “Can a big data data science company help to alleviate the current market pain in the supply chain?” Data science is only useful when companies are clear on the question to ask.

Supply Chain Design Software 307

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 307

EazyStock

OCTOBER 10, 2018

Big data is a term used to describe a massive volume of both structured and unstructured data that’s too large to be processed using traditional database and software techniques. In most enterprise scenarios, the volume of data is too big, moves too fast and exceeds processing capacity of existing applications.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability?

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Enterra Insights

SEPTEMBER 28, 2020

From demand planning to manufacturing to trade promotion optimization, data is essential for almost every aspect of consumer packaged goods (CPG) company operations. … With an ever-complex consumer purchasing path, it can be difficult for a brand to know where exactly to adjust their efforts. Data and advanced analytics.

Data 100

Data Analytics Software Supply Chain Design Software Sourcing Strategies 100

Enterra Insights

MARCH 13, 2018

The World Economic Forum has declared data a resource as valuable as gold. The good news is almost every organization has access to data and, increasingly, has the means to mine that data. Once being a ‘nice-to-have,’ applying analytics is now becoming mission-critical.”[1] ”[3].

Prescriptive Analytics Software 100

Prescriptive Analytics Software Analytics Software Predictive Analytics Procurement Analytics 100

Enterra Insights

MAY 31, 2022

We live in a digital age in which, according to Yossi Sheffi ( @YossiSheffi ), Director of the MIT Center for Transportation & Logistics, big data is an organization’s most valuable asset. Today, it’s not people but data that tops the asset value list for companies.”[1] Data and the Digital Supply Chain.

Supply Chain Software 130

Supply Chain Software Supply Chain Optimization Modeling Supply Chain 130

NC State SCRC

JULY 5, 2019

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019).

Procurement Analytics 40

Procurement Analytics Optimal Sourcing Analytics Software Procurement Solutions 40

NC State SCRC

SEPTEMBER 23, 2016

IBM hosted a roundtable for the Center for Advanced Purchasing Studies, with executives from P&G, US Steel, CB&I, Mastercard, and others attending. In that session, Dan Carrell from IBM shared a number of key perspectives that is driving IBM to diversify into the world of analytics. Cognitive systems have the ability to.

Optimal Sourcing 40

Optimal Sourcing Big Data Procurement Analytics Procurement Solutions 40

Supply Chain Game Changer

NOVEMBER 12, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? And What is Purchasing? As we’ve chronicled on the Argentus Blog, it’s no secret that the world of Procurement is changing and fast. Procurement, you’ve come a long way, baby!

Procurement Analytics 54

Procurement Analytics Manufacturing Procurement Optimal Sourcing Procurement 54

Enterra Insights

JUNE 1, 2020

When people hear or read the term “big data,” they initially think two things: It’s data and it’s big. First, let’s talk about what “big” really means. The volume of data being created is unprecedented and will only increase. How much data will it generate?

Big Data 147

Big Data Data Analytics Software Manufacturing Procurement 147

SCM Research

MAY 15, 2017

Today’s guest post comes from Lydia Bals, who presents project PERFECT’s recent insights on competences in purchasing & supply management. Digitization is expected to particularly impact PSM operational tasks with regards to automation: Sub functions, especially taking care of the purchase-to-pay process, are expected to disappear.

Purchasing Skills 113

Purchasing Skills Procurement Analytics Case Study Modeling 113

Enterra Insights

SEPTEMBER 6, 2018

For example, one often reads about companies collecting an ocean of big data; and, it’s a fitting comparison. ”[1] The same can be said for companies that never delve deep into the ocean of data they collect. The growing ocean of data. Companies are often compared to swimmers in an ocean of data.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Data Predictive Analytics Analytics Software 100

Supply Chain Shaman

NOVEMBER 29, 2021

The news reports symptoms, not root causes. Changing Analytic Capabilities. Dramatic improvement in capabilities to drive insights through the use of analytics. The world of NoSQL enables the use of disparate data to drive learning and new forms of insights. Shifts in Chinese Policy for Data Sharing.

Supply Chain Planning Software 280

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 280

ThroughPut

MARCH 24, 2024

But with the advent of the information economy and Artificial Intelligence (AI), this process became data-driven. Companies that leveraged the data they collected to enable more accurate demand planning, distinguished themselves from their competitors. A common trend underlying these problems is ‘unpredictability’.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Enterra Insights

OCTOBER 7, 2021

With all generations getting more comfortable on the digital path to purchase, most retailers have adapted to this new reality and are pursuing omnichannel strategies. According to consumer poll data from Pitney Bowes, one in four respondents admit to shopping online because they are bored. ”[5]. ”[6]. ”[6].

Modeling Software 130

Modeling Software Supply Chain Planning Software Procurement Analytics Analytics Software 130

Enterra Insights

MARCH 3, 2015

Gartner analyst Jake Sorofman (@jakesorofman) reports that Gartner’s 2015 Marketing Spending Survey concludes, “Customer experience is the most pressing mandate … Continued The post Customer Experience (CX) Highlights the Digital Path to Purchase appeared first on Enterra Solutions.

Procurement Analytics 100

Procurement Analytics Procurement Solutions Gartner Big Data 100

Logility

MARCH 6, 2020

Machine Learning for demand forecasting has matured to a level of accuracy, transparency and replicability that translates into transformative results, including in these five areas: Accuracy, transparency, thoroughness of analytical options and results. Greed for more data.

Forecasting 260

Forecasting Supply and Demand Forecasting Software Modeling 260

Supply Chain Shaman

NOVEMBER 29, 2021

The news reports symptoms, not root causes. Changing Analytic Capabilities. Dramatic improvement in capabilities to drive insights through the use of analytics. The world of NoSQL enables the use of disparate data to drive learning and new forms of insights. Shifts in Chinese Policy for Data Sharing.

Supply Chain Planning Software 269

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 269

RFgen

APRIL 16, 2013

By using automated data collection software to feed information into its big data analytics program, British grocery and merchandise retailer Tesco has dramatically boosted profits and more proactively met consumer demands. ” Power Big Data with Automated Data Collection Software. .

Supply Chain Software 52

Supply Chain Software Big Data Optimal Sourcing Data 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. Visibility Maturity Model.

Prescriptive Analytics Software 176

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 176

GlobalTranz

APRIL 8, 2015

A growing trend across all industries has been the application of big data , with the use of algorithms and the hiring of data scientists becoming commonplace. As businesses collect and store an ever increasing amount of data, the algorithms required to make sense of this data will become even more valuable.

Data 120

Data Procurement Analytics Price Reduction Big Data 120