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Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products. If nothing else, the last few years highlighted the importance of sourcing strategically. Upcoming Recession? Price Volatility.
In this commentary we focus specifically on the importance of a broader end-to-end datamanagement framework while overcoming the fragmentation of data that is locked in separate, unconnected software applications.
As our Supply Chain Matters readers may have noticed from various social media feeds, this week has been one that featured two supply chain technology focused conferences and a noteworthy product release announcement. This application is built on Kinaxiss AI-powered Maestro platform and delivered by select Kinaxis supply chain experts.
Swimming pool control systems that automatically adjust chemical levels based on your desired water chemistry and immediately alert you to potential issues or equipment failures. Analytics are literally everywhere. Open any supply chain periodical, blog, or report and chances there is a discussion around the importance of analytics.
Last week enterprise ERP and SCM software and technologyplatform provider SAP SE made what the provider declared as a significant and groundbreaking announcement. That includes industry supply chain teams that utilize various SAP SCM software and datamanagement applications as their primary support mechanism.
This posting is the third installment in our ongoing supply chain technology market education series. In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design and why.
Swimming pool control systems that automatically adjust chemical levels based on your desired water chemistry and immediately alert you to potential issues or equipment failures. Analytics are literally everywhere. Open any supply chain periodical, blog, or report and chances there is a discussion around the importance of analytics.
The company was recognized for its work with iNova Pharmaceuticals, a distributor of prescription medicines and healthcare products, to transform its datamanagement, demand and supply planning, replenishment planning and analytics framework. The platform approach was also a tremendous asset.”. About Logility.
Supply chain orchestration software provider Kinaxis held its annual kinexions customer conference last week in Austin Texas with this Editor in attendance. Infor and Kinaxis Strategic Partnership Just prior to the conference, mid-market ERP software provider Infor and Kinaxis jointly announced a partnership.
Last week, I was having breakfast with a CEO of a leading software supply chain management company. At that time, he aggressively pursued automation, and actively tested new technologies. We have tried to automate a nonlinear system with linear optimization. The first discussion was on the progression of analytics.
Supply Chain Matters features its latest full edition of This Week in Supply Chain Management Tech , a compilation of funding, partnership and other noteworthy announcements related to supply chain technology providers. The Neon technology will eventually be integrated into the Databricks platform.
Introduction This Editor had the opportunity to view the main keynote sessions delivered at Cloud ERP and infrastructure software provider SAP’s annual Sapphire customer conference held in May. We have provided these observations of this platform for quite a few years.
In an era where data is the new oil, businesses are constantly seeking innovative ways to extract valuable insights from their vast data reservoirs. Predictive Analytics has emerged as a pivotal tool in this quest, offering unprecedented foresight into market trends, consumer behavior, and operational efficiencies.
I am facilitating a workshop between supply chain business visionaries and technology innovators. While many technology companies have co-opted the network of networks message, today there is no interoperability between network solutions. Suitable and instrumental for contract management and supply chain finance? There is hope.
Supply Chain Matters provides highlights and added perspectives relative to this weeks announcement from adaptive supply chain planning technology provider ketteQ regarding its new product release which is named Dubai. Improved open architecture and solver-based technology.
.”[2] He continues, “Whereas once those assets were safely confined within the enterprise, the confluence of mobile technologies, the cloud, the Internet of Things, edge computing, containerization, social media, and big data itself has shifted the onus of datamanagement to external, decentralized sources.”
Data is the foundation of a successful supply chain now and will become even more valuable over time as companies lean on their decision support platforms with predictive and prescriptiveanalytics. Getting the data needed requires an investment in both supply chain talent and technology.
In this special edition of Supply Chain Matters This Week in Supply Chain Tech , we highlight significant B2B supply chain platform and control layer announcements that are coming forth from prominent ERP and enterprise software providers at a particularly rapid rate. Microsoft Supply Chain Platform.
In today’s competitive market, the successful operation of a business hinges on the smooth integration of various processes and information managementsystems, especially when it comes to 3PL integration. It enables these systems to communicate with each other in an organized and automated way.
The long-term solution is the use of business intelligence and analytics to provide visibility and mitigate shipping surcharges regardless of their seasonality and rationale. A Single Source of Truth for Shipping Surcharges Management. Leading KPIs to Track Performance Across All Modes, Channels, and Providers.
The Ferrari Consulting and Research Group through its affiliated Supply Chain Matters blog announces the availability of our supply chain technology market education research advisory titled: The Journey Toward Synchronized B2B Supply Chain Networks Requires Broader Perspectives in Technology Planning.
Thanks to the more advanced forms of supply chain analytics like predictive analytics, supply chains are proactively looking into the future and prepping for “what is to come” rather than only ruminating over “what already happened.” What Is Predictive Analytics for Supply Chain?
Paid subscription ) The essence of this report is that business organizations continue to rely on spreadsheets, and they are not moving away from the use of these tools. This condition is not a revelation to this long-time supply chain technology analyst. Not Revelation There is nothing new here.
We further include our ten specific predictions for the coming year addressing areas of business, process, people, technology and other key areas. The goal here is to remove the drudgery of datamanagement. Our research advisory will provide added depth to the above areas.
Last week supply chain planning and execution synchronization technology provider Kinaxis conducted this provider’s annual customer conference. In the product focused keynote, Kinaxis Chief Product Officer Andrew Bell observed that supply chain management teams and respective planners remain in a difficult position.
The following is a continuation of a supply chain technology thought leadership education series developed in collaboration with Replan. is the coming together of physical, digital and information analytics practices and enabling technology aimed at transforming business processes, planning and decision-making capabilities.
. “In today’s world,” explains Vishal Jain, Director at Inspira Enterprise, “data is considered the most valuable asset and can be a differentiating factor for the success of an organization. However, this can only be achieved when organizations can effectively use data generated by them.
Whether delivered through centralized dashboards developed by IT and BI teams or via self-service applications, BI tools are now indispensable for business users. However, the integration of artificial intelligence (AI) is redefining how decision-makers interact with and derive value from the business data analyzed in BI systems.
The company’s mainly on-premise customer base is seeking more compelling business related reasons, incentives and advocacy support programs from SAP relative to upgrading to both Cloud-base d applications along with the SAP Business Technology Platfo rm. Our reaction is that this is a bridge too far for such an aggressive timing window.
We further include our ten specific predictions for the coming year addressing areas of business, process, people, technology and other key areas. On the staffing and technology side, steadily decreasing online commerce volume declines in 2022 have led to Amazon’s announcement of layoffs involving thousands of staff.
He explains, “In the age of Big Data, you’ll hear a lot of terms tossed around. Three of the most commonly used are ‘business intelligence,’ ‘data warehousing,’ and ‘dataanalytics.’ … Businesses need to understand DataManagement’s impact on BI.”[3].
Big data is not a new topic, but it remains a fresh topic of discussion because the amount of data being generated each day continues to grow. Without advanced analytics, finding actionable insights and gaining new knowledge from that data would be difficult and slow — too slow for today’s speed of business.
Tech writer Kamalika Some ( @KamalikaSome ) asserts, “Data cleaning takes up as high as 80% of data scientist’s valuable time.”[4] Another way organizations are dealing with the headache of data cleaning is to purchase cleaned data from a vendor offering data-as-a-service (DaaS).
It requires rethinking business outcomes using advances in technologies through a redesign of supply chain processes. They will challenge commonly accepted best practices and test new technologies. The change in front of us will transform the base-level definitions of source, make and deliver. We must disrupt the status quo.”
We can define it as a way of creating algorithms and analytical models by analyzing data and employing techniques such as heuristic, pattern recognition, clustering, classification or independent component analysis to create better algorithms over time. AI is not just another software deployment.
Deloitte analysts observe, “Many organizations are captivated by the discipline of dataanalytics — and for good reason. The availability of data and the technology needed to mine it have put analytics within reach of almost every organization. ” Advanced analytics creators and users. .”
Supply Chain Matte rs provides a third installment of highlights relative to orchestration software provider Kinaxis annual Kinexions customer conference held in April. The capability is noted as event-driven simulation and modeling where Kinaxis and non- Kinaxis generated data is brought together on a singular Cloud based platform.
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