Supply Chain Game Changer

APRIL 30, 2019

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).

Data Management 49

Data Management Data Big Data Analytics Software 49

HICX Solutions

MAY 1, 2019

To understand what is meant by describing a Master Data Management (MDM) solution as the single source of truth, it’s probably easier to start by looking at the multiple sources of truth that many businesses currently try (and struggle) to manage – namely Supply Chain Management (SCM), Enterprise Resource Planning ( ERP ) and Customer Relationship Management (CRM). Multiple sources of truth creates a lack of clarity.

Sourcing 40

Sourcing Data Management SCM Data 40

3rdwave

FEBRUARY 6, 2019

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.

Data Management 70

Data Management Data Military Government 70

HICX Solutions

NOVEMBER 1, 2019

In order to deploy a successful centralized operational supplier master data management solution (that’s a mouthful) – which means covering 100% of all data and not just the 20 most important attributes – there are just five business processes you need to pay attention to. Related: what are the pros and cons of data democratisation? Key vendor master data management processes. The most important part of supplier / vendor data management.

Data Management 40

Data Management Data Quality Video 40

HICX Solutions

JULY 11, 2019

Gaining a better understanding of who your vendors are allows you to improve all aspects of vendor management, such as sourcing, category management and payment. As such, it should be a high priority for organisations to focus on improving their vendor master data management processes in order for them to gain that greater understanding. Why organisations struggle with Vendor Master Data Management.

Data Management 40

Data Management Data Procurement Journal 40

Vinculum

MARCH 20, 2020

Look at most successful businesses, enterprises or retail stores; the leading reason behind their success is their master data management solutions. Data is known to be one of the valuable assets this 2020. What power does data hold? Streamline Data Usage.

Data Management 52

Data Management Guidelines Data Security 52

3rdwave

FEBRUARY 6, 2019

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.

Data Management 43

Data Management Military Data Government 43

ivalua

MAY 15, 2019

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repositor. The data in this case is text from natural language , which is rarely structured data. The comprehension of textual data requires the analysis of semantic and syntactic information in a block of text.

Data Management 133

Data Management Data Analysis Training 133

ivalua

DECEMBER 18, 2019

Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Master supplier data doesn’t just matter to Procurement. Accurate supplier data is the fuel that drives critical business processes that impact the bottom line. Who Should Own Supplier Master Data? Risk management.

Data Management 130

Data Management Data Procurement Currency 130

Logility

JULY 7, 2021

ERP technology like SAP is a generalist solution that can help a business run efficiently, but it lacks the specialized optimization capabilities of a dedicated supply chain management platform. Subpar inventory management. Inaccurate data hampers supply chain forecasting.

Logility 130

Logility SAP Comparison Inventory 130

Vinculum

MARCH 11, 2020

Product data has the ability to make or break the eCommerce business. Here comes the role of a Product Data Management System. What is a Product Data Management System? Key Challenges in Product Data Management for eCommerce businesses.

Data Management 52

Data Management Data Optimizaton Software System 52

EC Sourcing Group

JUNE 8, 2021

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Billing management. Vendor management.

Sourcing 52

Sourcing Procurement Software Comparison 52

ivalua

FEBRUARY 4, 2020

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. Getting Data right is an imperative. Source: 2019 Supply Chain Data Quality and Governance Study.

Data 130

Data Government North Carolina Quality 130

Arkieva

MAY 20, 2020

An often-heard theme in supply chain management (SCM) and COVID-19 is “data-driven” – being data-driven is the path to success. COVID-19 & SCM – Importance of Operations Management to Overcome the Limitations of Data-Driven was first posted on May 20, 2020 at 8:47 am. ©2017

Data 90

Data SCM Analysis Big Data 90

HICX Solutions

JULY 8, 2020

The recent Deloitte CPO survey showed that quality of data was the most cited obstacle to adoption, with 57% of respondents stating it was one of the top three main barriers. As it is a data problem, enterprises have turned to IT to fix the issue.

Data Management 52

Data Management Data Procurement Government 52

Logility

DECEMBER 28, 2020

How can manufacturers manage disruption and improve productivity? By using advanced analytics for manufacturing, to understand the valuable information concealed within the data they already have! Managing Your Data. The term of art is data warehousing.

Manufacturing 130

Manufacturing Logility Analytics eBook 130

HICX Solutions

JULY 12, 2021

On the future of the procurement industry, Kelly comments the quality of data is a big problem which needs to be addressed. The processes that have been established in the last few decades simply cannot be sustainable long-term if the quality of data is not “up to par.”

Procurement 83

Procurement Quality Education Supply Chain 83

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

Modeling 151

Modeling Supply and Demand Supply Chain Procurement 151

HICX Solutions

OCTOBER 21, 2020

The EBG’s Source-to-Pay Summit took place this month, albeit in a reimagined digital format in light of the ongoing restrictions on social gatherings in Europe. Data Management data management supplier information management supplier master data Supplier Master Data Management

Sourcing 52

Sourcing Europe Procurement Government 52

HICX Solutions

OCTOBER 21, 2020

The EBG’s Source-to-Pay Summit took place this month, albeit in a reimagined digital format in light of the ongoing restrictions on social gatherings in Europe. Data Management data management supplier information management supplier master data Supplier Master Data Management

Sourcing 52

Sourcing Europe Procurement Government 52

Vinculum

MAY 7, 2020

If you want to stay ahead in your game, increase your eCommerce business profitability by simply optimizing and managing your product data with a highly collaborative and well-aligned and updated PDM system or product data management system. Quality data.

Data Management 52

Data Management Currency Data Optimizaton Software 52

HICX Solutions

AUGUST 19, 2020

We know that bad data causes inefficiencies and creates vast sums of extra cost. Omera Khan, professor of supply chain management at Royal Holloway, University of London, explains, “too few organizations appreciate the costs of incomplete, out of date, or low-quality supplier data.

Data 52

Data Procurement Government Europe 52

HICX Solutions

AUGUST 19, 2020

We know that bad data causes inefficiencies and creates vast sums of extra cost. Omera Khan, professor of supply chain management at Royal Holloway, University of London, explains, “too few organizations appreciate the costs of incomplete, out of date, or low-quality supplier data.

Data 52

Data Procurement Government Europe 52

HICX Solutions

SEPTEMBER 23, 2020

This is the second in our series of articles on ‘What is bad supplier data costing you?’ In our previous article , we looked at some real world examples of how poor supplier data can lead to bad or inconsistent decision making. The cost of bad data is far higher than you would imagine.

Data 52

Data Exercises Survey Examples 52

HICX Solutions

SEPTEMBER 23, 2020

This is the second in our series of articles on ‘What is bad supplier data costing you?’ In our previous article , we looked at some real world examples of how poor supplier data can lead to bad or inconsistent decision making. The cost of bad data is far higher than you would imagine.

Data 52

Data Exercises Survey Examples 52

Kinaxis

MARCH 20, 2015

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Are you keeping your demand management process honest? ’ Lange, Director of Demand Planning and S&OP Services at Celestica, examines forecast accuracy and the main components of a demand management measurement tool and process. You also need measurement and accuracy reports to determine the effectiveness of the entire demand management process. Data Management.

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Forecasting Demand Management Modeling Supply and Demand 195

EC Sourcing Group

OCTOBER 12, 2020

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.,

Sourcing 52

Sourcing Groups Procurement Beverage 52

Supply Chain Game Changer

DECEMBER 9, 2020

What is Product (or Master) Data Management? The following Product Information Management (PIM) article was written by guest author Alex Borzo, a content contributor at Amber Engine , a software company passionate about eCommerce. Repeat: A PIM is NOT an Inventory Manager.

Inventory Management 52

Inventory Management Inventory eBook Software 52

ivalua

NOVEMBER 14, 2019

Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy. Don’t forget about processes to manage data creation and maintenance.

Modeling 109

Modeling Data Procurement Government 109

QAD

APRIL 8, 2021

Are the phrases “data is the new gold” or “data is the new oil” just marketing slogans to entice businesses to spend more money on technology? For centuries, the use of data was at a stage comparable with the use of oil for lighting with a petrol lamp. Ubiquitous Data.

Data 60

Data Israel Supply Chain Network Software Policies 60

HICX Solutions

MAY 7, 2020

Ask anyone in procurement to name their biggest challenge, and the answer is usually the same: data. This meant that each time the supplier relationship was extended to a new region, the data had to be duplicated into a new system. Data redundancies and inefficient processes. “It’s not until you’re in the midst of it that you realize the importance of not underestimating the data,” according to a senior AutoNation executive.

Data 40

Data Sourcing Case Study Government 40

HICX Solutions

JANUARY 29, 2020

There’s no doubt that good management of supplier information can result in increased productivity and improved profitability. How you can improve efficiency with supplier information management. Managing and aggregating supplier relationships (parent/child).

Government 52

Government Procurement Supply Chain Disruption Resources 52

Supply Chain Movement

SEPTEMBER 26, 2016

There are still obstacles on the way including internal buy-in, poor master data management, supplier behaviour and more. New topics discussed will include creating a strong Purchasing Master Data Management fundament, delivering additional value through dynamic discounting, discussing the best strategic P2P function models and experiences with outsourcing vs. in sourcing. Benchmark change management challenges. AzkoNobel data, technology and the P2P GPO.

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Conference Six Sigma Netherlands Benchmarking 73

HICX Solutions

JUNE 20, 2019

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

Procurement 40

Procurement Demand Planning Software System Lean 40

Xeeva

FEBRUARY 13, 2018

In Gartner’s recent annual report, they discuss their predictions as to what will have a great impact on procurement and sourcing technology in the coming year and how the market will change over time. One thing that is definitely clear – the procurement and sourcing market is evolving quickly as technology continues to advance. Why are these at the forefront of procurement and sourcing? He reduces the steps involved in managing your sourcing and procurement.

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Sourcing Procurement Report Analysis 41