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Supply chain practitioners seeking the best way to speed decision intelligence, unify supply chain data, and increase operational efficiency can benefit from a supply chain data gateway. Here are 10 ways a supply chain data gateway can improve your performance across the end-to-end supply chain.
Our daily lives are inundated with data. Supply chain teams face a similar dilemma companies are overloaded with vast amounts of data, and the ability to sift through the noise and focus on relevant insights has become a critical capability. While the abundance of data is seen as an asset, the real question is: What do you do with it?
manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. A Fortune 500 retailer, for instance, reduced its procurement cycle time by 30% by leveraging an AI-driven tool to analyze supplier data efficiently.
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I think the rewiring starts with the education of the executive team, and that process should follow strategy. Instead, implement a balanced scorecard, build a clear strategy, and align bonus incentives. The history of this research effort with Georgia Tech ISYE uses Y-Chart data. Never start with the process definition.
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VMI has great promise in the use of channel data and the management of flow. Neils here is some feedback to consider: VMI: Vendor-managed inventory logic enables the downstream trading partner to manage inventories and the sell-through the channel. The other issue is that VMI only represents a small percentage of the channel.
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