Logility

APRIL 21, 2023

Reliance on historical data can limit an organization’s ability to sense possible exposure to disruption that can impact everything from minor irregularities to extreme shifts in demand. Adding real-time data can help in some cases, but that also adds complexity.

Forecasting 130

Forecasting Forecasting Software Supply Chain Planning Software Big Data 130

EC Sourcing Group

MAY 4, 2021

How to Streamline Sourcing from Days to Hours. When you work in procurement, one of the challenges you face is how long sourcing can take. However, you can streamline sourcing and the entire procurement process in many ways. However, you can streamline sourcing and the entire procurement process in many ways.

Sourcing Strategies 52

Sourcing Strategies Sourcing Supply Chain Software EC Sourcing 52

AIMMS

JULY 13, 2020

Additionally, most planning tools fail to incorporate the abstract data that’s required for this stage. How can you account for new products that don’t exist in master data? Often, demand planners are located in supply chain, where there is more data affinity. Image source: Oliver Wight.

Scenario Planning 400

Scenario Planning Supply Chain Planning Software Resource Reduction AIMMS 400

Supply Chain Shaman

APRIL 29, 2024

Here I share how to challenge the status quo. Focus outside-in on channel signals, recognize that most companies have five to seven demand streams, and then align the demand streams to supply strategies (using supply network data). Understand how your business case will translate into implementation. Let the Data Speak to You.

Supply Chain Planning Software 391

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Forecasting Software 391

SYSPRO Smarter ERP

MARCH 28, 2024

Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights. Using data to find patterns, inferences, and insights ensures that your company goals and plans are based on evidence and that decisions made are balanced and objective.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimization Software Optimal Sourcing 52

QAD

FEBRUARY 20, 2024

The Causes of Stock Loss Sources of stock loss can include: Incorrect part movement Scrap with parts being dropped and damaged Shipping inaccuracy from warehouses and suppliers Manual mistakes in the processes Supplier performance Inaccurate forecasting Split shipments can also cause issues. Stock loss isn’t selective on item size either.

Manufacturing Procurement 95

Manufacturing Procurement How To Material Savings Supply Chain Design Software 95

Taulia

DECEMBER 2, 2021

Ethical sourcing is one solution for improving a business’ environmental footprint. What is ethical sourcing? Ethical sourcing is a responsible approach to supply chain management that involves sourcing products and raw materials from businesses that comply with certain sustainable practices and legal requirements.

Sourcing Strategies 98

Sourcing Strategies Optimal Sourcing Sourcing Vendor Strategies 98

Logistics Viewpoints

AUGUST 11, 2022

Even if your transportation management system ( TMS ) is ingesting carrier EDI information directly, the data you receive is often hours after that fact, leaving you to “best-guess” actual delivery times. It collects and stores data from a variety of sources. Customer satisfaction suffers. The post Do You See What I See?

Supply Chain Planning Software 232

Supply Chain Planning Software Forecasting Software Logistics Network Optimization Software Supply Chain Network Software 232

Logility

APRIL 27, 2021

It’s important to know the dangers behind SCM-to-SAP integration, and how to avoid them. The integration provides near-real-time transfer of data between ERP and SCM, tightly coupled with the SAP ERP data model. SAP ERP-to-SAP SCM Standard Integration.

SAP 174

SAP SCM Supply Chain Planning Software Modeling Software 174

Logility

APRIL 23, 2020

In far too many cases, forecasts are done as a fishing expedition where analysts run the data through predictive algorithms to see what “pops.” Take a data asset inventory. Once the project is defined, it is critical that an inventory of all data assets is taken. Often, analysts like to try different ways of looking at the data.

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

BlueYonder

MARCH 18, 2024

If you want to flourish, your company must ingest and analyze the huge volumes of data available to you. That’s how you give customers a seamless omni-channel experience while managing costs. The sheer volume of data overwhelms many companies. Next Level Up Gathering data is one crucial milestone. In fact, you don’t.

Supply Chain Network Software 86

Supply Chain Network Software Optimization Software Analytics Software Modeling Software 86

Logility

AUGUST 15, 2023

Smarter, Not Harder: How to Climb Every Peak in Supply Chain Planning Supply chain planning is like a grand mountaineering expedition. Even before importing and selling any item, every step addresses complex challenges amplified by regulations dictating the origin of goods and ethical sourcing and labor practices.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Precoro

SEPTEMBER 6, 2021

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Focuses on what and how is supplied.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

QAD

NOVEMBER 8, 2022

The pandemic tested the supply chain across all industries, so how can medical device supply chain leaders implement strategies and plan for potential risks in the post pandemic “new normal”? Broadening Multi-Sourcing and the Use of Near Shore Suppliers. Expanding supplier relationships.

Optimal Sourcing 95

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 95

EC Sourcing Group

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

EC Sourcing Group

OCTOBER 4, 2022

Strategic Sourcing Solutions to Enhance Your Bottom Line. Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. What Is Strategic Sourcing?

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Procurement Solutions 52

Enterra Insights

MAY 6, 2021

In the area of big data, geological features are often used to depict the enormity of the data involved. ” Alexandrov and Vesselinov write, “A seemingly bottomless ocean of ‘big data’ has flooded our world. The features that SmartTensors extracts are explainable and understandable chunks of data.”

Prescriptive Analytics Software 130

Prescriptive Analytics Software Analytics Software Data Supply Chain Network Software 130

ivalua

SEPTEMBER 8, 2022

Suppliers are a source of growth, innovation and efficiency, but if they are not managed holistically, they can be a source of risk, poor performance and noncompliance. Establish an onboarding process for new suppliers and use third-party data sources to assess them against requirements and goals.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Global 130

QAD

MAY 23, 2023

The goal, from a manufacturing perspective, is clear: learn how to do more with less as efficiently as possible while maintaining profitability and complying with due diligence legislation. As discussed in a recent QAD blog post , the United Nations forecasts 160 million children between the ages of 5 and 17 are involved in child labor.

Procurement Solutions 92

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 92

EC Sourcing Group

JULY 26, 2022

Advanced analytics exceeds standard business intelligence (BI) using state-of-the-art technology and tools to create data asset information and real-time statistics. Analytic techniques include data mining, eSourcing software , semantic analysis, complex event processing, predictive modeling, and other business data examinations.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

QAD

APRIL 11, 2024

All hype aside, AI is really as simple as applying advanced analytics and logic-based algorithms to raw data to generate actionable insights, and it’s already widely used in manufacturing, finance, healthcare, retail and many other industries. It’s safe to say that AI has long moved past buzzword status. This is a perfect use case for AI.

Predictive Analytics 71

Predictive Analytics Predictive Analytics Software Supply Chain Disruption Supply and Demand 71

The Network Effect

MAY 4, 2015

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? However take care not to misinterpret the data. Part 3 is here.

Supply and Demand 100

Supply and Demand Demand Planning Software Data Forecasting 100

ivalua

JUNE 14, 2023

Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation. With reliable and actionable data, this workstream can help identify trends and motivate informed decisions.

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

BlueYonder

AUGUST 28, 2023

Their short-term profitability and long-term competitive success depend on making the right decisions, almost immediately, about how to source and store products, manage and fulfill orders, and schedule assets like labor and transportation. They can anticipate these events and resolve them proactively, instead of reactively.

Optimal Sourcing 71

Optimal Sourcing Data Inventory Management Software Analytics Software 71

EC Sourcing Group

SEPTEMBER 20, 2022

Ethics in Sourcing and Procurement Management. Read on to learn more about procurement management and ethics, how to spot unethical behavior, and how your eSourcing software can help you pave the way to an ethical and risk-free sourcing and procurement process. Illegal sourcing. How to Spot Unethical Activities .

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Purchasing Skills Sourcing Strategies 52

ToolsGroup

APRIL 12, 2019

With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. Amazon sells more than 3 billion products through 11 different country marketplaces globally. In the U.S. Applying A.I.

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 227

Kinaxis

APRIL 4, 2019

We don’t know how the machine works, so it’s not a surprise that when it’s broken, we don’t know how to fix it. Data first. The goal of the clinical trial challenge is to use machine learning to dive into the oceans of data and find new insights. The prerequisite for that though is clean data.

Pharmaceutical 249

Pharmaceutical Supply Chain Planning Software Supply Chain Software Supply Chain Planning 249

SCMDOJO

AUGUST 19, 2022

New global consumer markets, characterized by sourcing activities and low manufacturing costs, seem to take the supply chain into more contemporary territory. These factors lead to a lack of integration into the supply chain, lack of coordination, synchronization of data, and information sharing. Always Leverage Data.

Supply Chain Software 114

Supply Chain Software Optimal Sourcing Supply Chain Optimization Manufacturing Procurement 114

Enterra Insights

SEPTEMBER 28, 2020

From demand planning to manufacturing to trade promotion optimization, data is essential for almost every aspect of consumer packaged goods (CPG) company operations. To avoid diving blindly into new endeavors and wasting resources by consequence, CPG brands need sales and media data to direct and inform their alterations.”[1]

Data 100

Data Analytics Software Supply Chain Design Software Sourcing Strategies 100

Logistics Viewpoints

APRIL 22, 2024

More importantly, we needed to capture the knowledge of our subject matter experts on how to make all of that happen.” It learned how to solve problems from the people who solve those problems every hour of every day. It analyzes new and historical order data, customer preferences, and transactions. What is Causal AI?

Georgia 225

Georgia Optimal Sourcing Modeling Modeling Software 225

Logility

MARCH 8, 2022

Even today, many businesses don’t have a clear sense of the source of their inputs, particularly in relation to second- or third-tier suppliers. As you prepare to launch your sustainability journey, use these ideas to get started. Map out your supply chain. To truly optimize your supply chain, you need the right technology.

Optimal Sourcing 147

Optimal Sourcing Sustainability Supply Chain Optimization Supply Chain Planning Software 147

SYSPRO Smarter ERP

NOVEMBER 1, 2021

With one universal touchpoint, businesses can have full visibility of inventory levels along with backend systems to handle procurement and sourcing policy changes, distribution, and lead time planning as well as analytics providing data real-time to support improved decision-making. Maintaining competitive advantage.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

OptiProERP

APRIL 9, 2024

Image source : McKinsey & Company Technology for Tracking Tracking the Q2C process requires robust functionality. Manufacturing ERP includes a CRM system that centralizes customer data, interactions, and transactions, providing sales teams with insights to personalize quotes and manage customer relationships effectively.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

EC Sourcing Group

AUGUST 23, 2022

How to Optimize Your Sourcing in 5 Steps. Optimizing your sourcing has many benefits, including time and cost savings. Sourcing optimization involves finding the most cost-effective group of suppliers for your needs. Read on to learn more about sourcing optimization and how to achieve it in five simple steps.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Modeling Modeling Software 52