7 Avoidable Data Errors in Your Supply Chain Data

The 21st Century Supply Chain

by Palvashah Durrani The Devil is in the Data Details: Entering a New Global Market. One of these challenges that you might not think of immediately is big data in your supply chain —specifically the quality of your data. Here are 7 data issues you might need to watch out for: 7.

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Supply chain data: Bad data delivered faster is still bad data, and leads to bad decisions

The 21st Century Supply Chain

by CJ Wehlage When approaching the concept of knowing sooner and acting faster, and the value of concurrent planning, the most common feedback I get from supply chain executives is: “But my data is bad… I mean, really bad.”. Clearly, proving ‘data fix’ projects aren’t the answer.

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Trending Sources

Mining Supply Chain Data for Insights

Supply Chain Shaman

Over the course of the last quarter, with the help from Cloudera, we built a data lake of with data from 1449 public companies. We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data.

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Before You Hire a Logistics Data Scientist

Talking Logistics

As more supply chain data is generated and collected, there’s growing demand for data scientists in the industry. “We’re We’re increasing the number of data scientists we’re hiring,” said Linbloom.

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Hadoop and the Modern Data Supply Chain

With the advent of Big Data, companies now have access to more business-relevant information than ever before and are using Hadoop to store and analyze it

10 must ask supply chain data security questions

The 21st Century Supply Chain

Approximately 80% of data breaches originate from within the supply chain, and the financial impact of a breach could do more than destroy your bottom line. Good data security in your supply starts with proactivity. How is data backed up? ✓

Become Data Driven: Embrace the Iconoclast in Your Organization

Supply Chain Shaman

By definition, the work is data driven and I am able to experience more input as an analyst through a greater variety of experiences than if I was a consultant. Embrace the Iconoclast in the Data-Driven Organization. Supply chain leaders are swimming in data and they want insights.

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[Infographic] Big Data Analytics in Supply Chain

Cerasis

Editor's Note: Today's blog is from our friend Derrick Rehn with FusionOps who shows us how big data analytics can benefit you in your supply chain. . The inevitable question that comes up often is simple – should we build on-site or utilize a cloud-based data monitoring service ?

The Takeaway from CSCMP Conference: The Data Problem Runs Deep

Talking Logistics

The industry is moving in an unprecedented direction that is increasingly digitized and more data-centric than ever, and logistics leaders are looking to increase efficiency with artificial intelligence (AI). The Data Problem. What should a data cleansing initiative look like?

Leveraging Supply Chain Data for Competitive Advantage

What does it mean to become a digital business or digital supply chain

The Power of Downstream Data for Sensing Demand

ToolsGroup

Source: Supply Chain Insights, “The Power of Downstream Data”, July 2017. POS data helps sense and respond to localized demand. Downstream data is the demand data that powers a market-driven, “outside-in” supply chain.

7 Benefits Realized Utilizing Big Data to Optimize Supply Chains

Cerasis

The company focuses on high tech industries such as telecome , data storage, data centers, bio-medicine, and any company who needs supply chain visibility and proactive supply chain services for replacement parts and more. All of these factors make using big data valuable.

Big Data and the Supply Chain: One Important Means of Moving Forward

The 21st Century Supply Chain

by Bill DuBois A recent article on CFO points to a topic gaining strong momentum in the business press: the supply chain is the next big thing for big data to address. Yet only eight percent of shippers and five percent of 3PLs have implemented big data initiatives in their supply chain.

Big Data and Cognitive Computing will Drive Digital Enterprise Transformation

Enterra Insights

The term “big data” is likely to run out of steam as the Internet of Things (IoT) and artificial intelligence … Continued. The post Big Data and Cognitive Computing will Drive Digital Enterprise Transformation appeared first on Enterra Solutions.

How to interpret demand-sensing data

The Network Effect

Demand Sensing can import demand data on an hourly rather than a batch or daily basis, immediately sensing demand signal changes as compared to a detailed statistical demand pattern, and then evaluates the statistical significance of the change. What About The Data? Nic McPhee/Flickr.

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Balancing Priorities in the Supply Chain: How Data Discovery Reveals Unseen Associations and Opportunities

Leading companies are constantly managing competing supply chain priorities

How Can Data Improve Supplier Decisions?

Cerasis

A growing trend across all industries has been the application of big data , with the use of algorithms and the hiring of data scientists becoming commonplace. Data, Data, Everywhere… but Make Sure your Drinking from the Right Hose. Data Logistics Supply Chain

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Big Data Analytics still Requires Critical Thinking

Enterra Insights

“More and more companies, both large and small,” writes David Wagner (@DavidWagner16), director of Market development at TeamQuest, “are beginning … Continued The post Big Data Analytics still Requires Critical Thinking appeared first on Enterra Solutions.

How Kennametal developed an integrated supply chain by connecting its data dots

The 21st Century Supply Chain

by Alexa Cheater Faced with growing global complexity and increasing demand volatility, Kennametal set out to improve its supply chain maturity, increase data integration and improve its bottom line. But doing so meant developing an integrated supply chain connecting data, process and people.

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Making Sense of New Data in the Supply Chain

Supply Chain Opz

Right now we are seeing a tremendous increase in the amount of data available throughout the supply chain. The problem is, there is so much data that no one really knows what to do with it. Harnessing the power of data is vital for ensuring your supply chain is meeting customer expectations. To get started making sense of all this data, supply chain managers should adhere to the following steps: 1.

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The Sustainable Supply Chain: Realizing Costs Savings and Increased Efficiencies Through Data Discovery

The sustainable supply chain is the future supply chain

Supply Chain Big Data: Why Supply Chain Leaders Are Using Big Data Analytics

Cerasis

Thanks to data gathering programs, supply chain software , and data entry applications, this represents a mountain of data, which has the potential to provide ground-breaking insight into how to improve business-model efficiency. As a result, business leaders can reap a significant return on investment by thoroughly analyzing this data. What Is Supply Chain Big Data? Supply Chain big data is the ultimate compilation of data gathered in the course of business.

Big Data Analytics are Revolutionizing Supply Chain Management

Enterra Insights

The post Big Data Analytics are Revolutionizing Supply Chain Management appeared first on Enterra Solutions. Artificial Intelligence Best Practices Big Data Business Cognitive Computing digital enterprise Management Supply Chain Technology Risk Management

Improving Supply Chain Collaboration: Connecting Data

The 21st Century Supply Chain

Making informed decisions fast comes down to collaboration – how effectively the data, processes and people who oversee the supply chain can connect, communicate and interact with one another. Let’s zero in on the first of the “disconnects” explored in the eBook – data.

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How Freight & Transportation Data Can Trim Your Transportation Spend

Cerasis

When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Without hard data, you can’t take action. However, as we’ve noted in a previous post, getting the right data is key as well.

What Is the Impact of Big Data in the Transportation & Supply Chain Industries?

Cerasis

Big data will be a defining force in the future of logistics, but the benefits of big data are already being felt. This graphic shows the true scope of impact of big data in the Transportation, SupplyChain & Logistics industries. . Data Supply Chain Transportation

Big Data’s Big Role in Agriculture

Enterra Insights

We also know that feeding that population is going to require … Continued The post Big Data’s Big Role in Agriculture appeared first on Enterra Solutions. Agriculture Big Data Food and Drink Supply Chain The world’s population is increasing. We all know that.

Getting Smart With Logistics Big Data

Freightos

Here at Freightos, we’re big fans of making global logistics work better by bringing data online (and especially instant freight quotes!). Getting Smart With Logistics Big Data. Data Visualization Example #1: Mobile Mastery.

[INFOGRAPHIC] Using Historical Truck Carrier Rates Data and What Data to Use to Evaluate a Carrier

Cerasis

You Have A Good Amount Of Historical Data. If you have worked with the same carriers on similar types of projects for many years, this historical data is an asset for your company. Learning how to take full advantage of a TMS allows shippers to glean insights from their historical data.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. Ask Traditional Questions, and Let Big Data Provide Answers. Data Leadership Supply Chain

Small Data Analytics

Supply Chain Movement

Nowadays, big data is a ubiquitous topic in the business media; everywhere you look, the financial newspapers and magazines are filled with articles telling you how big data can be transformed into valuable insights. Over recent months, big data analytics has started to creep into the supply chain media too. The question is, what is the current status of big data in the supply chain? What does big data actually entail?

Big Data Analytics are Better than Intuition

Enterra Insights

The post Big Data Analytics are Better than Intuition appeared first on Enterra Solutions. Artificial Intelligence Best Practices Big Data Business Cognitive Computing digital enterprise Supply Chain Technology Web/Internet Enterra Solutions Internet Stephen DeAngelis

Supply chain agility, the disillusioned data scientist, Amazon effect, and other tales from LogiPharma US 2017

The 21st Century Supply Chain

Find the right home for your data scientists: While facilitating a panel discussion on enabling digital supply chains, Hussain Mooraj of Deloitte shared an interesting story of a disillusioned data scientist who recently left a large global pharma company.

How to Use Big Data to Improve Supply Chain Visibility

Talking Logistics

According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. There are a number of challenges when adopting and deploying a data analytics solution, and it’s important for organizations to clearly define their goals and objectives before embarking on this endeavor.

Blockchain: Harnessing Data, Enabling the Future IoSC

APICS

In the previous blog post from the Research, Innovation and Strategy Committee’s Sensing Subcommittee, we discussed the internet of supply chains (IoSC). In the following post, we will address how blockchain can be the technology that enables the future of IoSC

Big Data and Technology are Changing the Face of Agriculture

Enterra Insights

The post Big Data and Technology are Changing the Face of Agriculture appeared first on Enterra Solutions. Agriculture Big Data Business Education Food and Drink Supply Chain Technology

Your supply chain is costing you money – Reason #7 Making decisions based on bad data (supply chain data accuracy)

The 21st Century Supply Chain

Making decisions based on bad data (supply chain data accuracy). In addition to losing customers like me, those mistakes result in bad data that cost manufacturing companies millions of dollars. Bad data in supply chain seems like it should be a minor thing.

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What the Truman Show Can Teach Us about Big Data

Enterra Insights

According to a report prepared for the World Economic Forum by Bain & Company, “Personal data is becoming a new … Continued. The post What the Truman Show Can Teach Us about Big Data appeared first on Enterra Solutions.

The Impact of SOLAS on Ocean Shipping and Data Management

Talking Logistics

The Regulation’s Impact on Ocean Shipping and Data Management. The Regulation and Data Management. However, in today’s information-driven supply chain, data often flows in parallel with the passage of freight.

Non-Traditional Supply Chain Pt 1: Data as a Commodity

The 21st Century Supply Chain

Perhaps it’s because I’m a Millennial, part of Generation Y, and came of age at the same time the internet did, but my very first thought was of course there’s such a thing as non-traditional supply chain – just look at the data! Anyone who works in traditional supply chain knows data is king.

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