Supply Chain Data Management: Making Data Make Sense for Supply Chain Planning

Logility

Managing the data required for supply chain planning is a bit like raking leaves. The data keeps coming all year round. And just when you think you have clean and consistent data to work with, new internal and external data “blows into the yard.”. The amount of available structured and unstructured supply chain data continues to grow at an exponential rate. Poor data quickly eats into the profits of new business opportunities.

What is Product (or Master) Data Management?

Supply Chain Game Changer

Subscribe to 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. Product Data Management (PDM).

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Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

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. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. There are many supply chain management lessons to learn from the Covid-19 crisis.

Master data management should be higher on the agenda

Supply Chain Movement

The ever-advancing digitisation of business processes is raising the demand for high-quality data and making it increasingly important, because the success of supply chain collaboration is inextricably linked with the exchange of usable data. As a result, the topic of master data management features high on the agenda within many companies like cosmetic brand rituals – and ideally not only for the It department, but also for the management board.

Is Your Supply Chain ‘Ready for Anything’?

ToolsGroup

Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math. In an ever-changing global economy with all its unexpected twists and turns, supply chain leaders are looking for a way to be ready for anything the real world throws at them.

The Digital Supply Chain: Making The Leap With A Ball and Chain

Supply Chain Shaman

Last week, I spoke on the evolution of the digital supply chains and my vision for Supply Chain 2020 at the World Trade Group Event in Miami. These will be the foundation of digital supply chain thinking that will redefine business in the next decade. In five years, I believe that we will have supply chain planning systems that learn while we sleep. Master Data is No Longer a Barrier. Figure 1: Supply Chain 2020.

Taking Packaging Manufacturing to New Levels with Digital Technology

QAD

But to keep up in t oday’s rapidly changing business environment, packaging manufacturers must move beyond the concept of digital printing in order to realize the real transformation digital technology brings to manufacturing. Digitally Connected Manufacturing.

Three Mistakes Teams to Avoid in Selecting Supply Chain Planning

Supply Chain Shaman

Supply chain planning user satisfaction is a flip of the coin. Satisfaction is low: one-in-two supply chain planning software users state satisfaction. Supply chain planing is now three decades old. Today over 82% of companies have some form of supply chain planning. The average is 2-3 demand and 3-5 supply chain supply planning solutions operating on 3-5 Enterprise Resource Planning Solutions. Mistakes happen.

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.

Solving the Procurement Data Dilemma: How to use procurement data to avoid failure and fraud

HICX Solutions

Peter Smith also highlights how obtaining the vendor master data record during onboarding plays an absolutely critical role in ensuring that the right suppliers are approved and for establishing solid future relationships. The role of data in supporting wider initiatives.

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Supply Chain and Logistics Predictions for 2016

Talking Logistics

For example, 3PLs and software vendors did pay more attention to serving the needs of small and mid-sized businesses (SMBs) and companies in the Energy and Process Industries (see TMS for SMB: Breaking Down the Barriers , Oil & Gas Companies Focus on Eliminating Supply Chain Waste , and Collaboration and Optimization in the Oil & Gas Industry ). Making supply chain and logistics predictions is like throwing darts at a moving target.

Digital Transformation of Supply Chain Planning at SKF

ToolsGroup

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 ”. The company is moving from location-based planning to a global planning model, including a complete revamp of its supply chain planning operations to processes organized by product and factory.

How Blockchain in the Supply Chain will Empower Supply Chain Management

Shipchain

What is Supply Chain? Supply chain is essentially the entire behind-the-scenes network that links a product from its point of origination to its final destination. Think from manufacturing to consumer, and every single step in between. Supply chains are often very complex as they encompass all vendors, warehouses, retailers, and so on that bring a product to life and then to a customer. Instead of isolating data, shared data empowers all parties.

Solving the Procurement Data Dilemma: Using supplier data to drive successful relationships

HICX Solutions

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. Data that is brought in will lead to knowledge.

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Gartner releases new Supply Chain Planning Magic Quadrant

ToolsGroup

Gartner Research just released its new Magic Quadrant for Supply Chain Planning System of Record (SCP SOR). This Magic Quadrant analyzes SCP SORs (the foundational planning layer) that support the “integrate” maturity stage demand and supply planning (Stage 3 in Gartner’s five-stage maturity model). In essence, the SCP SOR helps to establish a single version of the truth for the supply chain plans, regardless of what the underlying ERP landscape looks like.”.

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

ToolsGroup

Gartner says, “To guarantee this, the supply chain operating model must change. Supply chains need to deliver new types of customer experiences, and they will do so through virtual ecosystems that are powered by new digital technologies, including artificial intelligence (AI),” says Gartner. They vastly improve predictive capabilities by deriving insights from huge and diverse data sources including social feeds , weather forecasts and peer reviews.

Critical Supply Chain Planning Capabilities Needed to Survive the COVID-19 Pandemic and Future Supply Chain Disruptions

Logility

Looking back a few months, no one could have predicted the current state of the global supply chain. Although maybe we should have been better prepared, after-all this is not the first major supply chain disruption faced by most companies. Yes, every disruption tends to challenge the supply chain in different ways. A major ocean carrier or supplier going bankrupt can affect your supply chain differently than a global pandemic.

Supply Chain Movement 21 – S&OP + IT

Supply Chain Movement

Contents Supply Chain Movement 21 – 2016 Q2. Forecasting is about managing risks. Major organisational and cultural changes lie ahead for supply chain management. The supply chain software industry is in a considerable state of flux. as the advance of e-commerce continues, companies with an omnichannel approach are increasingly implementing specific order management systems. 29 | Checklist Freight Spend Management.

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Gartner releases new Supply Chain Planning Magic Quadrant

ToolsGroup

Gartner Research just released its new Magic Quadrant for Supply Chain Planning System of Record (SCP SOR). This Magic Quadrant analyzes SCP SORs (the foundational planning layer) that support the “integrate” maturity stage demand and supply planning (Stage 3 in Gartner’s five-stage maturity model). In essence, the SCP SOR helps to establish a single version of the truth for the supply chain plans, regardless of what the underlying ERP landscape looks like.”.

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.

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. In a previous role, I was involved very early in what we deemed a ‘Supply Chain Performance Management’ software startup. See Oracle’s PaaS for SaaS data integration cloud for more information.

Supply Chain 4.0: The Supply Chain of the Future

Enterra Insights

the name given to the Fourth Industrial Revolution involving robotics and artificial intelligence (AI), must be supported by Supply Chain 4.0. But what does Supply Chain 4.0 Jennifer Overstreet, Director of Digital Content at the National Retail Federation, reports Li & Fung, CEO Spencer Fung, told participants at a 2018 NRF conference, “The supply chain will become faster, digital and more innovative. Supply chain 4.0 Big Data.

Boston 100

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

The late consultant, educator, and author, Peter Drucker, is often quoted as saying "you can't manage what you can't measure.” In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). For the past 30 years I have been involved with multiple efforts to build a set of supply chain metrics and have learned a few things along the way. Master Data Management.

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.

Making Better Manufacturing Decisions With the Help of Machine Learning

Oracle SCM

Manufacturing today is more complex than ever before. context, data is coming in from more and more sources. We are creating more and more data every day. quintillion bytes of data created each day, and that pace is only accelerating with the growth of the Internet of Things (IoT). Over the last two years alone 90 percent of the data in the world was generated. We are creating a lot of data. Does Having A Lot of Data Help?

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. Now’s the Time to Revisit Your Supply Chain’s Design. Five Ways to Improve your Supply Chain’s Resilience. 3) Shorten Your Supply Chain—Source Locally.

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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.

5 Quick Solutions for Simplifying Supply Chains

Unleashed

Supply chains are becoming increasingly complex so simplifying them can be a complicated matter. In an attempt to get back to supply chain basics, companies need to scrutinise their processes, from procurement through to storage and shipping. Here are five quick solutions for simplifying supply chains: Clear the clutter. With the rapid rise in our ability to collect information, data saturation is everywhere. Simplify supply chain tracking.

Welcome in the Big Data Opportunity

Supply Chain Shaman

The term big data is moving up the charts as a “hot topic.” ” This week, we published our second quantitative study on the evolution of big data concepts, it gave us the opportunity to talk to supply chain leaders on the evolution of technologies and the use of analytics in the Race for Supply Chain 2020. We believe that the adoption of new concepts for big data is a step change for supply chain teams.

Supply Chain Movement 15 – IT

Supply Chain Movement

Contents Supply Chain Movement 15 – 2014 Q4. Snapshots International Supply Chain Summit Istanbul. Updated Supply Chain Map of Europe: Slight shift in European networks. At the start of this century the family-owned company came close to bankruptcy, but a successful transition from a product-focused to marketing-focused approach managed to turn the tide again within the space of a few years. 22 | Management: IT in the supply chain.

Supply Chain Wars: Episode IV – A New Hope

Logility

I guess it was just a matter of time until my love of Star Wars met my love of supply chain management. So what is continuous planning and why is it the ultimate new supply chain weapon? Continuous planning is the ability to use near real-time information from your extended supply chain to modify demand, replenishment, supply, purchasing, manufacturing, inventory deployment and distribution plans. Supply Planning

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.

Late Night Thoughts on Productivity, Efficiency and Global Supply Chain Effectivness

Supply Chain Shaman

So many thoughts in my mind… Yesterday, I signed a contract for Robert Gordon, author of the book, Rise and Fall of American Growth to speak at the Supply Chain Insights Global Summit on September 5th-8th in Lake Oconee, Georgia (north of Atlanta). At Supply Chain Insights , I have reluctantly built events into my business model. In my opinion, the world has too many Supply Chain events; and sadly the majority, based on my experience, are of poor quality.