SCMDOJO

APRIL 4, 2023

If you’re in the business world, you’re probably always looking for ways to streamline your supply chain operations. Luckily, supply chain analytics is here to help! But like any new technology, there are hurdles to overcome when implementing supply chain analytics.

Prescriptive Analytics Software 111

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Supply Chain View from the Field

DECEMBER 16, 2013

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Not surprisingly, analytics is at the top of the list. We envision six key areas where this will occur.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

Supply Chain Shaman

MARCH 12, 2019

Examples include Enterprise Resource Planning (ERP), Warehouse Management (WMS_ or Advanced Planning (APS). The IT taxonomy for visibility is supply chain analytics. As a result, when I was a Gartner analyst and technology providers would provoke me to write a Magic Quadrant on visibility solutions, I would laugh.

Prescriptive Analytics Software 220

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ThroughPut

NOVEMBER 28, 2023

Supply chain analytics combines powerful algorithms, data, and the latest technologies like Artificial Intelligence and Machine Learning to address the most elusive challenges in the supply chain right now – visibility and control. By 2032, the supply chain analytics market is expected to reach USD 38.78

Prescriptive Analytics Software 52

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Supply Chain View from the Field

DECEMBER 23, 2014

Purchased goods and materials are often more than 40% of the total cost of goods sold in healthcare and manufacturing sectors. This is particularly true, for example, in the case of software licenses, where many licenses are auto-renewed or contracted for, but never used. This is an important input into strategic sourcing).

Negotiating Skills 135

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Supply Chain View from the Field

NOVEMBER 12, 2014

I was in Houston yesterday evening, speaking to a large group of procurement executives at a roundtable held by KPMG’s Procurement Advisory Group, at the fabulous Brennan’s restaurant on Smith Street. ”” This is exactly the root cause of the problem.

Procurement Analytics 102

Procurement Analytics Procurement Solutions El Paso Houston 102

NC State SCRC

MAY 30, 2022

The report was published in the last month, and reflects some of the increasing challenges and disparities that exist between procurement and supply chain executives. In this study, we explore the primary forms of misalignment that exist between supply chain and procurement executives. (We

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

ThroughPut

FEBRUARY 2, 2024

Even as the immediate pandemic effects stabilized, new challenges like supply shortages, port congestions, and natural calamities emerged. Amidst this ongoing turmoil, one thing that a lot of supply chain professionals have been falling back on (with confidence!) is advanced supply chain analytics.

Prescriptive Analytics Software 52

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Enterra Insights

APRIL 25, 2019

Today, in addition to those activities, new analytical tools are available to help business leaders predict what could happen in the future. Those tools became possible with the creation of large datasets (aka big data) and the maturation of artificial intelligence (AI). Diagnostic analytics. Predictive Analytics.

Predictive Analytics 124

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Supply Chain View from the Field

OCTOBER 4, 2015

As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.

Procurement Analytics 84

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ThroughPut

MAY 3, 2024

77% of the world’s largest ports are still facing backlogs, and that doesn’t just affect your logistics efficiency and costs, it impacts your entire supply chain and business. That is why logistics management software (LMS) is so much more today than what it used to be. Logistics has, however, come a long way.

Procurement Solutions 52

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GlobalTranz

AUGUST 1, 2018

In general, today’s supply chain executives and managers continue using outdated, manual data entry processes, which will increase risk. Even in blockchain, errors in data entry will result in continuous compounding negative effects and incorrect supply chain analytics insight. Blockchain validates information.

Supply Chain Planning Software 149

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Supply Chain Shaman

MARCH 15, 2016

Sadly, I find each to have a limited view of supply chain analytics. I am on a mission to spark a new discussion to evolve supply chain concepts. They are more mature on supply chain visibility. Consequently, the supply chain is out of step with the market. An Old Gal on a Mission.

Supply Chain Software 170

Supply Chain Software Supply Chain Network Software Manufacturing Procurement Supply Chain Planning Software 170

Enterra Insights

OCTOBER 20, 2020

During the coronavirus pandemic, consumers have increasingly used the digital path to purchase to buy products. Julie Clements, from Managed Outsource Solutions, notes, “Businesses need to digitize supply chain management to increase efficiency and maximize customer value. The digitalization imperative. Footnotes.

Logistics Network Optimization Software 100

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Enterra Insights

AUGUST 3, 2022

The decisions range from big, one-off strategic choices (such as where to locate the next multibillion-dollar plant) to everyday frontline decisions that add up to a lot of value over time (such as whether to suggest another purchase to a customer). The post The Digital Age is Still All About the Data first appeared on Enterra Solutions.

Data 130

Data Analytics Software Procurement Analytics Supply Chain Planning Software 130

NC State SCRC

MAY 4, 2022

Price analysis is a subject that is often overlooked in supply chain education, (although it is certainly a big part of our chapter on Strategic Cost Management in Purchasing and Supply Chain Management ). Even if the category manager had time to do it, I want them to be more strategic in their focus.”.

Purchasing Skills 59

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NC State SCRC

MARCH 15, 2016

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy.

Procurement Solutions 40

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SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. It guarantees the smooth movement of commodities, services, and financial resources, enabling businesses to flourish in cutthroat markets. He is one of our incredible supply chain experts.

Supply Chain Design Software 59

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Supply Chain Management and Analytics

JULY 9, 2020

The purpose is to build, test, and release software in a much faster and more efficient way. In SaaS companies, the physical separation of the product development and support teams can create potential friction, slow down software development, and hurt customer support. 4) Ensuring Redundancy for Cloud-Based Solutions.

Supply Chain Planning Software 52

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Supply Chain View from the Field

NOVEMBER 25, 2013

They focused on beginning with category spend, and driving down to specific actions in terms of KPI’s, prioritization of resources, and optimization of the relationship through collaborative approaches. The approach was unique, in that they sought to pull together approaches that transcended traditional vendor analytical projects.

Procurement Analytics 60

Procurement Analytics Predictive Analytics Modeling Purchasing Skills 60

HICX Solutions

MAY 30, 2019

Bryan Nella, an executive at multinational enterprise software organisation Infor , talks about some of the practical advantages that can be enjoyed in the world of digital procurement once supplier data is accurate. Supply chain analytics is still evolving, notes Mr Pugh. The value of greater insight.

Procurement Analytics 40

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Analytics Software 40

NC State SCRC

JANUARY 31, 2019

These organizations are setting aside budgets for investment in upgrading their analytics capabilities, hoping to find the solutions that will enable the application of predictive analytics, artificial intelligence, and business intelligence. The learning process is incremental, and the tool becomes savvier over time.

Supply Chain Planning Software 104

Supply Chain Planning Software Supply Chain Software Analytics Software Agile and Lean Supply Chain 104

NC State SCRC

DECEMBER 30, 2018

One of our newest SCRC partners, Siemens Building Technologies, recently shared their insights on creating an analytics strategy. This effort was led by the Chief Procurement Officer for Siemens BT, Carl Oberland, but has recently been rolled out across the global organization.

Procurement Analytics 60

Procurement Analytics Analytics Software Predictive Analytics Analytics 60

ThroughPut

DECEMBER 5, 2023

Demand forecasting is the process of predicting future demand for a product or service, which helps businesses plan and allocate resources effectively. Bonus tip – leverage an AI-powered tool to help you get this baseline in minutes. The success of these methods depends mainly on your available resources and time.

Supply and Demand 52

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QAD

SEPTEMBER 1, 2020

If the power to the store went out, you could still purchase items and products could still be ordered from suppliers and distributors. In recent years, new connected technologies such as Industrial IoT (IIoT) devices have been introduced into these systems to improve supply chain analytics and enable predictive maintenance.

Beverage 92

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ThroughPut

JULY 28, 2020

Home Depot had transformed its supply chain in 2018, which led to aggressive growth and investment return. This success is attributed to the significant investment by Home Depot in telematics and routing solutions to drive increased revenues. Investment in supply chain analytics may come in handy to solve this data problem.

Supply Chain Optimization 98

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ThroughPut

MARCH 25, 2024

To address these challenges, supply chain professionals must adopt advanced forecasting methods. Our 2024 guide provides supply chain managers and planners with the latest tools and insights to refine their demand forecasting processes. Let’s get started with definitions, differences and benefits.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

NC State SCRC

JANUARY 18, 2018

I also predicted how this type of engagement would continue to grow in the future, as organizations begin to recognize the value of having an objective, third party view on their problems can create innovative solutions. Metrics should be focus on managing a bank’s Procurement and Payment Program, not on managing individual vendors.

Vendor Strategies 40

Vendor Strategies Optimal Sourcing Inventory Reduction Resource Reduction 40

NC State SCRC

JANUARY 26, 2018

So organizations are now having to throw a high level of human resources at the consequences of outsourcing to manage these outsourced resources. We need to enter into the era of Relationship Resource Planning to manage our outsourced contractual relationships. There are several consequences of this trend. Dynamic Discounting.

Supply Chain Planning Software 40

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ThroughPut

JULY 6, 2021

Do you remember the time when the COVID-19 pandemic lockdowns were announced across the world, followed by the panic purchase of essentials to the point where supermarkets and grocery stores were left with empty shelves? An AI-powered tool can help you get this baseline in a matter of minutes. What makes this process easier?

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

Logistics Bureau

JANUARY 1, 2025

Least attention is paid to this category for the purpose of stock control and planning and procurement decisions for such items may be automated. ABC System: A cost management system that maintains operational and financial data relating to an organisations activities, resources, objects, drivers, and measures.

Supply Chain Planning Software 76

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ThroughPut

DECEMBER 8, 2023

Predictive analytics enables forecasting potential future outcomes, while prescriptive analytics goes a step further and assists in generating specific recommendations to meet the desired result. These analytics techniques serve as essential tools to transform descriptive metrics into actionable insights and informed decisions.

Prescriptive Analytics Software 52

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ShipBob

SEPTEMBER 20, 2021

For many growing and established direct-to-consumer (DTC) brands alike, the supply chain is the most critical but also most challenging aspect of their operations. . The process involves complex steps, from procurement, to shipping products to end users, often resulting in a lack of visibility and high operational costs.

Optimal Sourcing 52

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Requis

OCTOBER 16, 2020

Software engineer and supply chain analytics expert Suuchi Ramesh is the founder and CEO of Suuchi Inc. , an end-to-end B2B supply chain platform. The Suuchi GRID supplier network has seen wide adoption in several industries, notably fashion and medical supplies and PPE.

Supply Chain Design Software 52

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Supply Chain Management and Analytics

JANUARY 9, 2021

Customer Success is a marketing strategy that was developed for SaaS (Software as a Service) companies to keep their customers longer and generate more income. So, if you want to keep your customers close, ensure your satisfaction with solutions that help them achieve the goal that generated the need for that purchase.

Purchasing Training 52

Purchasing Training Expense Reduction Material Savings Resource Reduction 52

ThroughPut

OCTOBER 7, 2022

Unprecedented situations like the COVID-19 pandemic and its after-effects need solutions that not only learn from historical data but also predict outlier events like COVID-19 and how they can affect your organization with several demand forecasting methods and forecasting models. Plan, execute, analyze with an all-in-one powerful tool.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

NC State SCRC

DECEMBER 28, 2015

As people conduct more and more transactions electronically, whether it’s consumers on Amazon or organizational buyers on Ariba, Coupa, or other P2P solutions, the relational component of supply chains seems to be going down. Prediction 1 – Supply Chain Analytics Will Become More Predictive (Not Backward Looking).

Predictive Analytics Software 40

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