What is Product (or Master) Data Management?

Supply Chain Game Changer

6 Trends to Make Supply Chain Managers the Heroes of Their Company! I had just inherited a new department into my organization, the Product Data Management (PDM) team. We were missing customer deliveries due to problems in getting the correct, and complete data, into the systems which enabled us to manage bills of material and manufacture products. What then exactly is Product, or Master, Data Management? Product Data Management (PDM).

Why Master Data Management is Important in Trade Compliance

3rdwave

Product and Account data are foundations on which all organizational activity operate. In most organizations, the ERP is meant to be the repository of the organizations’ master data. That is, ‘important’ data is housed there. However, Master Data Management is seen as a challenge in most organizations. Important data is a matter of perspective. As a result, there is no single system of record for master data.

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Why Master Data Management is Important in Trade Compliance

3rdwave

Product and Account data are foundations on which all organizational activity operate. In most organizations, the ERP is meant to be the repository of the organizations’ master data. That is, ‘important’ data is housed there. However, Master Data Management is seen as a challenge in most organizations. Important data is a matter of perspective. As a result, there is no single system of record for master data.

Why Master Data Management is Important in Trade Compliance

3rdwave

Product and Account data are foundations on which all organizational activity operate. In most organizations, the ERP is meant to be the repository of the organizations’ master data. That is, ‘important’ data is housed there. However, Master Data Management is seen as a challenge in most organizations. Important data is a matter of perspective. As a result, there is no single system of record for master data.

Procurement Technology – What it can and can’t replace in a Manufacturer’s Journey Towards Supply Chain Resilience and Agility

ivalua

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. There are many supply chain management lessons to learn from the Covid-19 crisis. Supplier Data Quality & Management in Decision Making. It may be the most basic level, but data management may also be the most daunting for some organizations.

BidMode to join the EC Sourcing Family

EC Sourcing Group

October 13, 2020 / EC Sourcing Group, a leading global provider of SaaS sourcing technology solutions, has announced its acquisition of procurement solution provider, BidMode, with full terms of the merger remaining confidential. About EC Sourcing Group. Morristown, N.J.,

How Can Manufacturers Manage Disruption and Improve Productivity?

Halo

By using advanced analytics for manufacturing, to understand the valuable information concealed within data they already have! Most manufacturers have already made the easiest and most obvious changes to improve their operations, leveraging traditional methods to boost their own productivity and simultaneously create a more dependable supply chain. Therefore, manufacturers must continually look for new ways to improve the productivity and profitability of their operations.

Is There a Future for ERP and Procurement Suites?

HICX Solutions

Similarly, procurement technologies that could once be described as ‘ Best of Breed ‘ and experts within particular fields have also extended beyond their original core purposes and have evolved into procurement suites that attempt to cover everything from Source-to-Pay (S2P) and ‘supplier management’ to Procure-to-Pay (P2P), invoicing and expense management. Business Processes Master Data Management erp procurement suites suites

COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

Until the Coronavirus began wreaking its havoc, global companies could run their supply chains on the assumption that disruptions would be rare and short-lived, and that products should be sourced, produced, and distributed at the cheapest locations to be found, wherever in the world that may be. The pandemic, however, has exposed the risk, like never before, of concentrating sources in one location—especially when it’s far away from a company’s headquarters and markets.

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Procurement Technology – What It Can & Can’t Replace In A Manufacturer’s Journey Towards Supply Chain Resilience And Agility

ivalua

There are many supply chain management lessons to learn from the Covid-19 crisis. Many of these organizations are already using Source-to-Pay technology and are now realizing more than ever that technology is a “must have” to ensure their supply chain remains resilient and agile throughout a crisis. Supplier Data Quality & Management in Decision Making. It may be the most basic level, but data management may also be the most daunting for some organizations.

QAD Labs Collaboration Expands to RPA

QAD

Driving Manufacturing Innovation with QAD Labs Applied Collaboration. Instead, it is a virtual combination of people, technology and passion for addressing the challenges of manufacturing planning and operations. Robotic Process Automation (RPA) Use in Manufacturing. Manufacturers can benefit from this technology by using it for any manual processes or repetitive tasks that involve an application or manual data entry.

Leveraging Data in a Digital Transformation: Lessons from JAGGAER’s Fireside Chat

Jaggaer

Digital procurement platforms are capable of producing incredible amounts of data, from spend history to supplier scores , delivery rates and more. But such massive amounts of data can easily lead to a new generation of questions. Which data can I trust? . We’re highlighting some of the most important points raised in our conversations to give you the insight to make the most of your digital transformation data. . How much data is too much? .

Engaging And Enabling Your Organisation With High-quality Supplier Data

HICX Solutions

As digital transformation continues to impact and differentiate organisations, the ability to execute this vision relies ever more heavily on very high-quality data. But not just engagement of a few data specialists – we mean engagement of your entire company and all of your internal partners. Enabling the organisation with supplier data management. The purpose of centralised supplier information management is to enable, not replace, existing systems. Data Flow.

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. Today, SCM systems are critical to businesses of all sizes and in all industries for managing their day to day operations.

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Steering innovation: The importance of agile decision-making in the auto industry

Kinaxis

Propulsion technology advances, combined with the need to be environmentally responsible, is pushing the industry towards alternative fuel sources, including the electric vehicle. Rapidly changing consumption preferences require better data management and intelligence. For many original equipment manufacturers, ensuring that the finished vehicle can be on the lot when a customer arrives to make a purchase can be the critical decision from choosing one make over another.

Digital Transformation of Supply Chain Planning at SKF

ToolsGroup

Jörg Schlager describing SKF's Integrated Planning (Source: Optilon). Digital transformation ” is tough for any firm, but when you are $9 billion industrial manufacturer, it is a sizable undertaking. At last week’s TG18 ToolsGroup user event , global bearing manufacturer SKF laid out an impressive review of their transformation to “ Integrated Planning ”. It managed local inventories fed by regional warehouses and factory warehouses (See Figure 1 below).

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The change in front of us will transform the base-level definitions of source, make and deliver. As a result, to fulfill customer-centric and demand-driven strategies, companies need to build outside-in processes using market and channel data to sense, shape and drive a more intelligent response. The supporting data will be self-correcting. 3) Rethinking Manufacturing. Action Item: Ideate on what the future of your manufacturing processes could look like?

Three Mistakes Teams to Avoid in Selecting Supply Chain Planning

Supply Chain Shaman

Differences exist in data models, planning hierarchies, and data definitions. As a result, it is difficult to roll-up planning data for decision-making across the company post merger. In the process, try to seek help from independent sources. The CIF interface offers improved outcomes between ERP and time-sensitive data like Available-to-Promise (ATP). The Criteria Manufacturing Companies Use to Make Decisions for Supply Chain Planning Software.

Solving the Supply Chain Planning Puzzle

Logility

Back to reality, today’s manufacturers face a long list of difficult supply chain challenges including increasing demand variability, inventory proliferation, manufacturing capacity constraints, increasing risks both nature and human based, more environmental compliance regulations, intense global competition, increasing customer expectations and a shortage of talent. An estimated, 75% of available supply chain data originates from outside the ERP system.

Six Must Have Supply Chain Capabilities for Success in the Food and Beverage Industry

Logility

Today, we continue this conversation and look at six must have capabilities that drive supply chain improvement for F&B manufacturers. The food & beverage industry faces a lengthy list of unique challenges from long raw material lead-times and volatile commodity pricing to safety and quality requirements combined with high demand uncertainty, frequent new product introductions, perishability and complex manufacturing constraints. Advanced Inventory Management.

Five Trends That Excite Me!

Supply Chain Shaman

EDI is too cumbersome, and SAP Ariba’s focus, despite the marketing hype, is primarily on managing indirect spending. (My Suitable and instrumental for contract management and supply chain finance? Could we use Open Source Hadoop to process transactions across all networks with powerful in-memory processing? Master data management and standards are the bane of B2B connectivity. Data today does not move at the speed of business. Holiday travel.

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Solving the Supply Chain Planning Puzzle

Logility

Back to reality, today’s manufacturers face a long list of difficult supply chain challenges including increasing demand variability, inventory proliferation, manufacturing capacity constraints, increasing risks both nature and human based, more environmental compliance regulations, intense global competition, increasing customer expectations and a shortage of talent. An estimated, 75% of available supply chain data originates from outside the ERP system.

Point-of-Sale Data Use Cases Fuel Effective Trade Promotion Execution

Supply Chain Insights

Point-of-Sale data has become one of, if not the most important factor determining the success of a trade channel promotion. The global big data initiative was catapulted off the flight deck and the mission of shopper reconnaissance was executed in earnest. The digital transformation we are neck-high in now is just beginning; but it has already brought us significant breakthroughs in data acquisition and management as well as near and real-time consumer intelligence.

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Process Chemicals – A Complex Supply Chain in Motion

Logility

On a recent road trip to retrieve my daughter from college I drove past a handful for chemical manufacturing plants of various types. Viewing a chemical manufacturing plant from a distance everything seems so peaceful and static. Chemical manufacturing plants can take years to build and once operational produce continuously to maximize the output of refined materials at the lowest possible cost. An estimated, 75% of supply chain data originates from outside the ERP system.

Process Chemicals — A Complex Supply Chain in Motion

Logility

On a recent road trip to retrieve my daughter from college I drove past a handful for chemical manufacturing plants of various types. Viewing a chemical manufacturing plant from a distance everything seems so peaceful and static. Chemical manufacturing plants can take years to build and once operational produce continuously to maximize the output of refined materials at the lowest possible cost. An estimated, 75% of supply chain data originates from outside the ERP system.

Is your supply chain planning ready for the “Experience Economy”?

ToolsGroup

They vastly improve predictive capabilities by deriving insights from huge and diverse data sources including social feeds , weather forecasts and peer reviews. We have worked with manufacturers such as Aston Martin , Danone , Granarolo and Lennox Industries who enhanced their supply chain planning with machine learning to achieve dramatic improvements. Click below for a podcast with ideas on how to start leveraging AI for demand management and supply chain planning.

Global Trends In Digital Supply Chain - 2019 Review

Abivin

The landscape of supply chain management is under evolvement as it is the answer to recent development in this industry. Source ) Even though Warehouse Management System (WMS) has been playing a crucial part in supply chain management, the emergence of autonomous mobile robots in optimizing picking process has become increasingly competitive. Source ) Furthermore, the AI technology can store data, analyze the patterns and predict future operation scenario.

5 ways ERP improves inventory visibility in your supply chain

OptiProERP

Inventory visibility is one of the critical aspects of any manufacturing business. To ensure inventory visibility, you should have access to view, manage, and update your inventory status from trusted software. Inventory visibility ensures warehouse maintenance so that you know the minimum requirement of each item in stock and manage it well. Inventory visibility is also about swift monitoring of orders by constantly managing the supply chain to meet promised deadlines.

Your Trade War Survival Secret: Sales and Operations Planning – Part 2

DynaSys

When we left our account of mid-market manufacturer Superior Thermodynamics (ST), the company was weathering a tremendous escalation of the US-China trade war and faced the following questions: . In the end, ST still managed to exceed its profit goals and achieve revenue objectives adjusted for new market realities. Scenario planning at this level, like all aspects of supply chain planning, requires an exponentially growing volume of data from an expanding range of sources.

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Collaboration and Visibility in the Supply Chain

Oracle SCM

One of the Supply Chain Management trends apparent at the Gartner Supply Chain Executive Conference in May was highlighted by several vendor/customer presentations focused on the value of Collaboration and Visibility projects. This was a relatively heavy investment in time and resources when we had our startup due largely to the investment in data gathering and integration. See Oracle’s PaaS for SaaS data integration cloud for more information. Tom McDonough , Sr.

Supply Chain 4.0: The Supply Chain of the Future

Enterra Insights

“Although the world of industry and manufacturing is in the midst of a digital revolution,” they write, “the supply chain sphere is lagging behind. In supply chain management, it was all anyone could talk about. ”[2] He adds, “The Holy Grail of supply chain management is to, as efficiently as possible, exactly match supply to real demand wherever it occurs. ” But digital transformation requires more than simply gathering and analyzing data.

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Supply Chain Management – A 2012 Priority

Logility

” While the economic climate may be uncertain, many companies realize they have to invest in areas such as supply chain management software to be competitive and profitably grow. This is just below the top two areas Data Management Strategy (approx. 55%) and Business Process Management (approx.

Robust and continuously updated Master Data: A key ingredient for successful supply chain digital transformation

o9 Solutions

The most common answer to that question is “data”. In Gartner’s “ Future of Supply Chain, Reshaping the Profession ” report, one of the key roadblocks to embarking on a digital transformation is the access to reliable and good data. While we acknowledge that master data is often inaccurate, or might not exist, there is immense value in taking a fresh approach to solving the problem. First and foremost, nearly all organizations are data rich, but lack insights.

Dreaming of Clouds, Lakes and Streams

Supply Chain Shaman

Yesterday, I spoke at the Eye for Transport conference on the Big Data opportunity in supply chain. I hate the term Big Data. So, in summary, today, we don’t have a big data problem. Instead, and more exciting, I believe that we have a big data OPPORTUNITY! It is not driven by data volumes. Instead, it is driven by the opportunity to use new forms of data, and to improve the speed of decision making with increased data velocity. Data Lakes.

E2open’s Supply Chain Workflows to Power Billions of Connected Mobile Devices

E2open

Continued Platform Expansion Includes Mobile Enhancements with Order Management, Improved Demand Workflows and New Demand Planning and Collaborative Manufacturing Improvements. As supply chain and business management continues to rely on anytime, anywhere support to engage with global business, it is essential to have the best mobile supply chain experience. Collaborative Manufacturing. Supply Management. Data Exchange.