Supply Chain Shaman

JANUARY 31, 2022

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. In addition, Lucas used inventory as a slush fund to make quarterly earnings.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

NC State SCRC

AUGUST 18, 2022

Artificial intelligence is growing rapidly across many organizational applications, and nowhere is this impact greater than in procurement. Given the recent rapid inflationary pressure and the challenges of significant material shortages in 2022, there is growing pressure on procurement to continue to deliver value, as never before.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

Logistics Viewpoints

FEBRUARY 26, 2024

These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur. The i-Score helps procurement leaders quickly assess the overall health of their extended supply chains.

Supply Chain Planning Software 249

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 249

Logistics Viewpoints

SEPTEMBER 7, 2022

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. In a conversation with Everstream’s chief data officer, the executive told this writer that the company was using artificial intelligence (AI) and Big Data to solve this n-tier problem. But I was skeptical.

Supply Chain Visibility 206

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 206

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. Why is this needed?

Optimal Sourcing 324

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 324

Procurement Academy

JANUARY 25, 2021

Retail Academy is the newest venture of Procurement, Supply Chain, and Sales Academy. While many of the core principles of Procurement and Supply Chain are universal, we recognize that the skills that enable success in the retail industry are different from those in other industries.

Procurement Analytics 98

Procurement Analytics Buyer Training Purchasing Skills Retail 98

SCMDOJO

APRIL 4, 2023

Importance of Supply Chain Analytics Five Types of Supply Chain Analytics Benefits of Supply Chain Analytics Challenges in Implementing Supply Chain Analytics Supply Chain Analytics System Architecture Role of Big Data What is Supply Chain Analytics? It is an essential element of supply chain management.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

Global Trade Management

DECEMBER 11, 2023

Harnessing the Power of Predictive and Prescriptive Analytics Predictive analytics is the key to foreseeing future events, such as equipment failures or the precise amount of inventory needed based on sales forecasts. Conversely, prescriptive analytics provides actionable insights, guiding businesses in making informed decisions.

Prescriptive Analytics Software 59

Prescriptive Analytics Software Supply Chain Software Analytics Software Predictive Analytics 59

Supply Chain Shaman

JUNE 6, 2013

More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies. The average supply chain leader has five distinct supply chains. Technology Evolution. I hope that this helps.

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 277

Jaggaer

JANUARY 28, 2019

As we’ve explored in our last two blog posts, economists are predicting a decline in global economic growth due to policy and trade issues both in the United States and the European Union , bringing an increased risk to supply chains and procurement organizations.

Manufacturing Procurement 40

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Procurement 40

Supply Chain Shaman

SEPTEMBER 22, 2021

This is despite the purchase of Terra Technology Demand Sensing and Multi-tier Inventory Management (MEIO) in 2014 for 12-14M$ (including implementation). The supply chain investments of the last decade focused on improving black & white processes–order-to-cash and procure-to-pay. The solution was too black box.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Supply Chain Shaman

FEBRUARY 28, 2021

Procurement Operates On An Island. Business process outsourcing and procurement automation evolved to make the procurement organization more efficient and less effective. In the organization, lots of data is not used. S&OP becomes a Ferris Wheel of activity, creating a Deadpool of information. The reason?

Supply Chain Planning Software 346

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Analytics Software 346

Enterra Insights

OCTOBER 11, 2022

For example, manufacturing may be tasked to fill all orders which requires having inventory on-hand in distribution centers. However, distribution centers may be given the conflicting task of minimizing excess inventory space and cost. ” • Manage inventory. ” • Be demand-driven.

S&OP 130

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

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Supply Chain Shaman

DECEMBER 6, 2013

The new vision will not come from sales talking to procurement buyers. Align incentives to focus jointly, and across the organization, on revenue, margin, inventory turns, and customer service improvement. Big data supply chains Market-Driven' I think that this is a mistake. The vision is too limited. Please let me know.

Supply Chain Design Software 290

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Modeling Software 290

GlobalTranz

DECEMBER 27, 2017

This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators. Download: The Impact of Big Data in the Supply Chain & Transportation Management Industry Webinar Replay, Transcript & Presentation. The Top 10 Supply Chain Blog Posts from 2017.

Supply Chain Software 151

Supply Chain Software Optimal Sourcing Supply Chain Optimization Supply Chain Strategy 151

BlueYonder

FEBRUARY 17, 2022

Followed by focus on big data analytics where companies began leveraging BI (business intelligence) tools for data-driven decision making. Transport costs are soaring to ridiculous levels, especially for those shippers that did not have an organized procurement strategy for freight movement.

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 71

Supply Chain Shaman

OCTOBER 19, 2022

The gaps in expectations between planning and functional organizations like manufacturing, transportation, and procurement are large and growing. Goals of Planning Measured Against Benefits Gained. The reasons are many. Many planning systems were viewed as technology implementations, and companies never tested the validity of plan outputs.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies Real-time Visibility 195

Procurement Academy

JANUARY 25, 2021

While many of the core principles of Procurement and Supply Chain are universal, we recognize that the skills that enable success in the retail industry are different from those in other industries. The training pieces will be tutoring the employees to identify the loopholes in inventory management.

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Training 52

Enterra Insights

JULY 22, 2020

Thanks to cognitive technologies and big data, predictive analytics allow decision-makers a peek into the future. ” Tim Sandle ( @timsandle ) notes, “Advances with machine learning and big data analytics are helping researchers, and ultimately companies, to make predictions about future trends by analyzing patterns.”[2].

Predictive Analytics 100

Predictive Analytics Predictive Analytics Software Analytics Software Supply Chain Planning Software 100

NC State SCRC

MARCH 15, 2016

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy.

Procurement Solutions 40

Procurement Solutions Optimal Sourcing Analytics Software Baltimore 40

Supply Chain Movement

SEPTEMBER 5, 2016

big data and business intelligence, innovation is at the forefront of the Supply Chain. In today’s era of logistics 4.0, The Supply chain never stops improving. More information >> Register now >>

Supply Chain Software 60

Supply Chain Software Optimal Sourcing Supply Chain Optimization Supply Chain 60

Logility

MARCH 19, 2018

2) Multi-Echelon Inventory Optimization (MEIO). The F&B supply chain tend to be inventory rich with average days of inventory still hovering in the high 30 days of coverage range. Reducing inventory while maintaining or improving customer fill rates should be a high priority project for any company.

Optimal Sourcing 113

Optimal Sourcing Beverage Supply Chain Planning Software Prescriptive Analytics Software 113

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc.

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 74

DynaSys

OCTOBER 7, 2021

Excellent sales, operational, and inventory planning involves collaboration within and outside an organization. Advanced Analytics let you share complex data and collaborate with critical stakeholders to improve forecast accuracy, better respond to consumer demand, reduce inventory, improve production, and grow profits.

Analytics Software 52

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

Supply Chain Shaman

FEBRUARY 7, 2014

With the investment in transactional systems for order-to-cash and procure-to-plan, many have lost focus on planning. Nine out of Ten Companies are Stuck at the Intersection of Operating Margin and Inventory Turns. Big data supply chains Market-Driven New technologies Supply chain planning value networks'

Supply Chain Planning Software 287

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Network Software 287

Supply Chain Game Changer

NOVEMBER 14, 2018

Blog post originally published by, and permission to publish here provided by, Argentus at [link] , a boutique recruitment firm focused on Supply Chain and Procurement. Titled, “ The Death of Supply Chain Management ,” the article discusses the way that automation, AI and big data are transforming the industry. Email Address.

Supply Chain Software 86

Supply Chain Software Supply Chain Design Software Negotiating Skills Supply Chain Planning Software 86

Enterra Insights

NOVEMBER 5, 2018

5] He notes, “Retail chains understand the biggest advantage e-commerce retailers have is their ability to collect and leverage insights into consumer behaviors gained by technological innovations like big data.” ” He also observes, “Brick-and-mortar retail is not dead. According to Market Track, U.S.

Retail 100

Retail Supply Chain Planning Software Forecasting Software Analytics Software 100

The Logistics & Supply Chain Management Society

JULY 16, 2023

The digitization of supply chain processes, the use of big data analytics, and the emergence of technologies like blockchain and artificial intelligence have revolutionized supply chain operations. Supply chains must adapt to mitigate environmental risks, reduce carbon footprints, and adopt sustainable practices.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Software Sourcing Strategies Resource Reduction 130

Enterra Insights

JULY 31, 2019

Multinational enterprises deal with a dizzying array of paperwork involving procurement deals, purchase orders, shipping data, etc. With today’s treatment of data, the supply chain has never been better fit to suit evolving customer needs.”[4] The modern supply chain is mind-boggling. ”[5]. ” Footnotes. [1]

Supply Chain Planning Software 100

Supply Chain Planning Software Analytics Software Supply Chain Software Predictive Analytics Software 100

Enterra Insights

MARCH 11, 2021

As sales plummet, and costs skyrocket, industries that previously sidelined procurement and SCM for bigger problems now turn to it in hopes of finding solutions and improved profits.” Big Data, Artificial Intelligence & Machine Learning. ” Sidelining the supply chain in flush times is a bad idea.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning 130

Supply Chain Shaman

NOVEMBER 21, 2017

This transfer of ownership reduced the effectiveness of procurement. Drones in warehouses using machine learning for real-time inventory and self-driving vehicles are transforming logistics. Stalled progress on metrics: 90% of companies find themselves stuck on key supply chain metrics (cost, inventory, growth, ROIC).

Supply Chain Planning Software 151

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling Software 151

ToolsGroup

OCTOBER 6, 2015

Less mature companies focus IT investments on manufacturing, procurement and workforce management. More mature companies are targeting analytics and performance management, big data and predictive analytics , mobility technologies, and visibility and event management. They pursue analytics to help find hidden data.

Supply Chain Planning Software 120

Supply Chain Planning Software Gartner Supply Chain Software Supply Chain Strategy 120

Enterra Insights

APRIL 6, 2021

Third Party Logistics : Predictive analytics can create more value by developing partnerships with technology providers to apply Big Data to their services.

Predictive Analytics Software 113

Predictive Analytics Software Predictive Analytics Analytics Software Modeling Software 113

GlobalTranz

FEBRUARY 13, 2017

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. Today, the tech devices that entered the market in early 2016 are obsolescent, and more companies are looking for real-time data-driven decision making opportunities through the Internet of Things (IoT).

Resource Reduction 205

Resource Reduction Inventory Reduction Trends Logistics Network Optimization Software 205

EazyStock

SEPTEMBER 14, 2022

They help oversee the receiving and storing of stock items, inventory management, stock counts, order allocation, picking, packing, scanning, shipping and resource management. This removes the need for warehouse operatives to check inventory manually before fulfilling the order. Warehouse management systems.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 52

IQMS

OCTOBER 18, 2019

The algorithms iteratively query data with many using constraint-based modeling to find the core set of factors with the greatest predictive accuracy. How the Use of Big Data Analytics Affects Value Creation in Supply Chain Management. Big data analytics in supply chain management between 2010 and 2016: Insights to industries.

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73