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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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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Trending Sources

Information Overload: Is Too Much Data Crippling Your Supply Chain?

The 21st Century Supply Chain

That’s the question many supply chain practitioners are asking themselves in this world of big data, where a flood of new information is rapidly becoming readily available. It’s not about how much data you have, but the quality of that data. by Alexa Cheater How much is too much?

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Going from Big Data to Big Decisions

Talking Logistics

It’s not only about having Big Data and analyzing it; it’s about making sure you take the output of Big Data and analytics to make better decisions with it,” said Mr. van Egmond in a video interview I conducted with him at the event.

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

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.

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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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.

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.

Leveraging Supply Chain Data for Competitive Advantage

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

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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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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Supply Chain Data ‘Overwhelms’ Businesses

Material Handling & Logistics

People are starting to realize that keeping too much data is a liability, not just an asset.” “The bloom is off the rose when it comes to the ‘store everything’ standpoint. Paul Brody EY Americas Strategy Leader Technology Sector. read more. Global Supply Chain

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

Leading companies are constantly managing competing supply chain priorities

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.

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.

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

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

The sustainable supply chain is the future supply chain

[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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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 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

Data-Driven Culture Creates Advantages for Global Supply Chain

Material Handling & Logistics

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.

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

Logility

It is estimated that 80% of supply chain data involved with meeting customer demand originates outside of a company’s operating systems. Master Data Management.

Supply Chain Analytics: A Continued & Renewed Focus on Using Data for Improvement

Cerasis

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. Business Intelligence Data Supply Chain Technology supply chain analytics

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.

Big data’s two big myths

Quintiq

Taken together, these myths have given rise to the ‘leap before you look’ approach to big data that’s already ending in crashes. You may not need big data after all. What’s more likely is that most supply chains will need big data. You’ve probably heard them already.

High-Quality Data: The Best Fuel for Supply Chain Change

Logistics Viewpoints

Guest Commentary Supply Chain Network Design Supply Chain Optimization Supply Chain Planning data quality network design supply chain designAs supply chain consultants, we often help clients navigate complex change–from adjusting to cost or competitive pressures to unique challenges like an M&A. These challenges all demand careful analysis of multiple financial and operational outcomes.

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

Integrating Big Data and Application Development into today’s Social Supply Chain

The Network Effect

Today I want to go a step further and show how Big Data and application development are handled within these new environments. First, today’s advanced cloud platforms provide a flexible architecture that enables the aggregation, storage, querying, processing, and analyzing of Big Data.

Big Data Analytics: A Key to a Successful Supply Chain in the Next 5 Years?

Cerasis

Big data utilization is the wave of the future for all aspects of business including supply chain management. The problem is that not every company has the resources to begin the process of big data management and have yet to see the extent of benefits it can provide to analyze and use such data management. There are several direct and indirect benefits to using big data analytics for your supply chain. Immediate Benefits of Big Data Analytics.

What’s Big Data in Supply Chain & Logistics? Why Should I Be Looking at This Tech Trend?

Cerasis

Data reflect all the small, seemingly insignificant details of the modern world. From a review of your personal bank account spending habits to larger, more advanced processing capabilities, data evolve and expand with each passing day. Big data in supply chain is not a new concept.

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.

You Shouldn’t “Cross” Supply Chain Data Streams, but you Should Standardize Them

Take Supply Chain

As companies have moved to make more and more supply chain and purchasing activity digital, the data formats utilized to share that digital information have multiplied in kind. Data Format Proliferation. This has created one of the widest ranges of data formats in existence today.

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