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Pattern recognition is the ability to discern patterns in data and use the insights for further analysis. The first step was to find a reliable data set and establish the peer groups. We purchasedata from Y charts. (A A syndicated data feed used for financial analysts. Consider Lenovo in Figure 1.
I observe that organizations are unclear on outcomes and the definition of supply chain excellence. The history of this research effort with Georgia Tech ISYE uses Y-Chart data. The Y chart service harmonizes the data across different public markets, currencies, M&A, and restatements. The reason? What should we do?
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. Click here!
The key to this lies with sourcing. Before diving further, let us define what sourcing is. Sourcing is the practice of finding and selecting suppliers for a range of services (e.g., Traditional sourcing practices tend to be highly manual and are fraught with latencies and inefficiencies. Digitalizing sourcing (i.e.,
Real-Time Social Listening Integration Traditional supply chain planning relies heavily on historical transactional data, which inherently delays responses to rapidly shifting customer preferences. The latest ML algorithms can detect subtle shifts in consumer sentiment that precede actual purchasing behavior changes by weeks or even months.
No more disconnected systems or manual data entry a modern manufacturing ERP system puts you in control. Think of it as a single source of truth for everything from production planning and inventory management to financials, supply chain, and even the shop floor. Its a powerful solution for complex manufacturing operations.
In May 2025, one in seven home-purchase agreements fell through resulting in the cancellation of 56,000 purchase contracts. Employees Cannot Get to the Right Data at the Speed of Business A war is raging between Oracle, Salesforce and SAP to automate supply chains. The key is to use channel data and decrease demand latency.
” Followed by “How are you organized, and what defines functional excellence? And, how do you tie functional excellence to corporate value?” Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. This gap grew over the last decade.
Today, supply chain excellence matters more than ever. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. Until there are clear answers, business leaders should avoid buying software from companies with deep investments by venture capitalists. The supply chain career is new.
In 2012, when I started Supply Chain Insights , I believed that I could revolutionize the purchase of supply chain planning solutions by initiating a rating and review process across trading partners. Buying supply chain planning software is hard. How are people buying software? Let the Data Speak to You. Reflection.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. To manage continuous improvement, companies need a clear definition of excellence and organizational alignment to that goal. They do not excel in planning or forecasting.
In these conventional IT approaches, data is written and coded with fixed semantics into rows and columns. I term this our data jail. Still, they are ineffective in analyzing flow, understanding relationship patterns, using disparate data, or driving multi-tier insights. As a result, data query is fast.
Supply chain excellence is easier to say than to explain. Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP. Keith was an undisputed leader in building talent to drive manufacturing excellence. The reason? Discontinued in 2011.
The issues are largely rooted in politics and the lack of clarity on supply chain excellence. Or planned orders to purchase orders?) The data encapsulated in Table 1 represents two years of testing with APS providers. The data encapsulated in Table 1 represents two years of testing with APS providers. Go to the source.
Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.
Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Improve cross-government data sharing and analyze resilience. Maximize the value of the purchase order flow data already in the existing networks. (A
This is because most classical planning solutions lack the modeling capability and computing power to accommodate different datasources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. each with discrete plans generated typically in sequential batch runs.
So, I smile, catch my dinner partner’s eye and ask, “In our prior conversations, you mentioned the lack of clarity on the definition of supply chain excellence in your current deployments and how this is a barrier to implementing supply chain planning properly. Map the data and process latency across the organization.
Linkedin Comment Donald Cavin Data Warehousing Consultant at Ohio State University Comprehensive Cancer Center-James Cancer Hospital & Solove Research Institute. My thought was to combine my experience working on visibility solutions with Descartes Systems Group and Manugistics with recent research data. Embrace Disparate Data.
Several factors contribute to customer loyalty, but providing excellent customer service—and a top-notch experience–is one of the most important in driving retention. 6 Examples of Excellent Customer Experiences. Image source: National Retail Association. Image source: Twitter. Image source: Ikea.
There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.
These passports document all aspects of the life cycle – from the sourcing of raw materials to final disposal or recycling. Data Collection Accurate data is critical to the success of any DPP. Information must be collected at each stage of a product’s life, including material sourcing, energy use, and environmental impact.
Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. Most companies buy decision support technology, but do not redefine work to improve decisions. In mature S&OP processes, that are connected to market data, the process moves at the speed of the market. Governance.
<Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. They center on how to make a good decision in the purchase of supply chain planning solutions. Most have purchased software, but are dependent on Excel spreadsheets.
Source Wikipedia. Consumers want to shop anywhere, and buy in the way that they want to buy. Today, we have collaborative data sharing, and collaborate processes, but we seldom have what I term true collaboration. Data Sharing Mechanisms. Share Data Freely and Openly through a Private Network.
Moving data from the enterprise to a trading partner in point-to-point communication is not a network. Electronic Data Interchange (EDI) does not meet this definition. Many of these outsourced products have demand latency of weeks and months (shelf purchase through the replenishment cycle for a manufacturer to receive an order).
This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence. Procurement professionals focus on sourcing goods and services, negotiating with suppliers, and managing contracts. Its not enough to share data, teams need to share goals, communicate regularly, and plan together.
What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Or rather, it should not, in a data-driven environment. the public sector).
They excel in the four Ps of marketing. In contrast, a market-driven organization connects bidirectionally market-to-market to orchestrate the signals to shape demand and mitigate risk (buy-side to sell-side and back). We have built transactional buying relationships. Supply chain systems are based on transactional data.
In the session “Driving Profitability and Agility in Today’s Dynamic Market”, Saini shared insights on their groundbreaking Source-to-Pay transformation, noting that it wasn’t just about achieving cost savings–it was about redefining what’s possible in procurement. Brent Griffith Day 2: More Keynotes, Sessions, and Silent Demos!
For Greater Product Performance Visibility and Improved Sales & Demand Planning Consumer Packaged Goods (CPG) manufacturers operate in an increasingly competitive environment, where the ability to access and analyze timely, accurate data can make or break a company’s success. This process is known as data normalization and harmonization.
As an old gal attending multiple conferences (more than I would like at times), I have listened to speakers waft eloquently about the value of concepts like networks, big data, industry 4.0, However, this increased data flow and interconnectivity also heighten operational and cybersecurity risks. and digital supply chains.
He is a board member of the Association for Manufacturing Excellence (AME) and a contributor to the Forbes Technology Council , Manufacturing Today, WardsAuto , Supply Chain Brain, Industry Today, Aerospace Manufacturing and Design, ASSEMBLY , and more. Richard previously founded and led Factory Logic, Inc. acquired by SAP).
According to OECD and National Health Expenditure data, US healthcare spending per person was approx $10,224 in 2017. According to 2019 Definitive Healthcare data, U.S. Across this supply chain there is typically a lack of visibility due to siloed information and data. The only way to really understand that is data.
Graph technology leverages graph structures to represent and store data. Let’s start here: Data Analysis. We are not listening to what data has to tell us. In today’s processes, we move data into jails (relational databases) and then run optimizers. Improve Sensing with Market Data.
In his role, Ernest owns strategic sourcing, materials planning, customer care, and logistics operations globally. Historically, the Rockwell Automation supply chain organization included materials planning and engineering of new products but did not include strategic sourcing. Ernest Nicolas joined Rockwell Automation in 2006.
Getting to data is a barrier for 60% of business users. Dependency on Excel. Due to the shortfalls in the evolution of Advanced Planning, 68% of business users use Excel spreadsheets as the primary mechanism for planning. Driving supply chain excellence is a balancing act. Don’t rush to buy. The result?
A process audit report is designed to, ultimately, streamline processes, enhance decision-making and drive overall procurement excellence. Typically, a procurement audit report will review areas such as the agreement of contracts, pricing data and purchase information, financial statements, stakeholder data and supplier performance records.
Maintenance, Repair, and Operations (MRO) professionals, heads of maintenance, and spare parts managers are navigating an environment shaped by supply chain volatility, legacy infrastructure, and an explosion of data. They are also responsible for data integrity, vendor management, and aligning with enterprise sustainability initiatives.
Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2.
Our current processes and dependencies on Excel spreadsheets cannot get us to our goal. E2open last week announced the purchase of Serus. This purchase increases E2open’s capabilities for visibility into the processes of the outsourced semiconductor network of foundries. It is time to move to a many-to-many data model.
I have also learned that you need a large data pool to derive the type of analysis that I want to publish. What I See in the Data. These tools allow us to look at sell, source, make, and deliver together. Here I share a cut of the data. I would build an expertise system in the Supply Chain Center of Excellence.
Here, I postulate that the supply chain dragon is data. Supply chain leaders are drowning in data and low in insights. Each survey that I do comes back with data as a major challenge. How do we harness the power of data with new forms of analytics? In Figure 1, I show results from a recent S&OP study.
With numerous options available across the source-to-pay spectrum, weve compiled the top three key technologies CPOs should embrace in 2025: 1. These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management.
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