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The company, heavily invested in Canadian manufacturing, faced a crisis because its raw materials were sourced from outside North America, disqualifying it from USMCA tariff exemptions. Design product flexibility to include materials sourced for US and non-US markets or quickly adapt to different sources of materials.
For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
Enhanced Promotions and Events Analysis Promotions, advertising campaigns, and trade events are vital components of marketing strategy, but accurately measuring their impact on demand remains challenging. Five Ways Advanced Machine Learning in Demand Planning Is Improving Forecasting 1.
Limitations of Traditional Supply Chain Planning Traditional supply chain planning relies on retrospective analysis. This enables companies to adjust sourcing, production, and logistics well in advance of potential disruptions.
Winning the Supply Chain Wars To thrive amidst these challenges, ToolsGroup recommends five strategic pillars: Conduct What-If Scenario Analysis Simulate potential disruptions to plan and respond proactively. Evolving Customer Expectations Faster delivery, customized solutions, and real-time communication are now essential.
I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. Consequently, demand for robust GTC solutions will continue to rise. from Canada and Mexico.
Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".
He is responsible for driving strategy, customer engagement, and industry analysis. During his tenure in the industry, he built innovative pricing and forecasting models, leveraging internal and external data sources to improve internal decision-making and increase profitability.
What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.
Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?
For my long-time readers, you know that fewer than 3% of companies outperform their peer group in our Supply Chains to Admire analysis , and that the Gartner Top 25 is essentially a beauty contest for underperformers. Using channel and trading partner signals build outside-in models and orchestrate decisions across source, make and deliver.
Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics.
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Strategic sourcing plays a critical role in this transformation, ensuring organizations secure the best value while mitigating risk.
data extractors, search APIs) to perform tasks, enabling them to dynamically adjust to new information and real-time knowledge sources. Real-time data processing and analysis are crucial for identifying and resolving supply chain disruptions.
They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. “AI allows you to integrate real-time data from various sources, helping you devise more efficient delivery routes and schedules.
What is the role of make, source, and deliver? In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower. What defines a feasible plan?
Scenario analysis and optimization defined. Diversifying sourcing and manufacturing. Creating a strategic digital twin (digital representation) of your supply chain network. Modeling your base case. Optimizing your supply chain based on costs and service levels. Modeling carbon costs. Dealing with multiple capacity constraints.
Within hours of the export ban announcement, Exiger was called on by key clients within the Defense Industrial Base (DIB), Capitol Hill, and multiple government agencies to do a quick-turn analysis of impacts on critical supply chains. imports over 50% of its antimony, gallium, and germanium needs.
The pace and scope of supply chain disruption are beyond human cognition, manual analysis, and consumer-grade spreadsheet tools. Whether supply chain and logistics teams are looking for new sources of inventory, transportation or warehousing, a full-service logistics software partner can seamlessly connect them with the right partners.
Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.
While I was preparing for surgery, Gartner released the Gartner Top 25 Analysis. The analysis is now in its ninetieth year. The Gartner analysis is biased toward companies within the Gartner network. Semiconductor Industry Analysis Would you feel better about your results if you were Intel or TSMC? The reason?
Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.
From sourcing and bid evaluation to warehouse slotting and dynamic routing, AI tools support faster and more consistent outcomes by processing large volumes of operational data and identifying patterns that human decision-makers may overlook. Integration allows seamless transitions from data insights to purchase approvals and execution.
If you answer the survey, I will gladly give you a custom analysis of your organization against the peer group. In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations. To respond, follow this link.
China's Production of Impacted Minerals Source: Bloomberg In recent years, China restricted the exports of several other critical minerals. Exigers analysis indicates that of the five impacted materials, tungsten was the top material shipped by value. China is the top producer of all five recently restricted metals.
Healthcare Exigers latest analysis using ourexpansive supply chain visibility AI, A Bitter Pill: America's Dangerous Dependence on China-Made Pharmaceuticals , exposes the vulnerabilities within America's healthcare supply chain, highlighting insights that are critical for national health security. pharmaceutical supply chain vulnerabilities.
Operating margin, inventory turns, and revenue/employee translates to over 50% of market capitalization based on the regression analysis. The data sourced from Y charts was charted by Regina Denman and shared with the statistics department at Georgia Tech. The regression analysis is based on nine months of work.
In this traditional definition of a supply chain model, I define a good plan as: A positive Forecast Value Added (FVA) analysis/output for the forecast with minimal bias. (I The analysis is bi-directional and tethered to a balanced scorecard. I do not define it by error.) The order is only one of 15-20 inputs.
TradeBeyond’s Retail Sourcing Report: 2025 Supply Chain Trends provides a comprehensive analysis of the critical developments that will continue to reshape global retail supply chains in 2025 and beyond.
My failure was three-fold: In this analysis, I never benchmarked companies to the industry averages. The analysis was too short-term. My analysis only considered three-year averages. Supply chain performance analysis should be at least five years to reduce the variation from industry movement (noise) in the system.
The panel group is sourced from my group of LinkedIn followers. In Figure 1, we share the gap analysis. Figure 1: Supply Chain Center of Excellence Gap Analysis To understand the root issue, we analyzed the impact of different factors on Sales and Operations effectiveness (S&OP). My goal is to help.
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. Yet there are good reasons to do so.
True resiliency is achieved when supply chain leaders can predict issues and dynamically respond – from sourcing and manufacturing to final delivery – with agile solutions. Real-time analysis of integrated data spanning customers, partners and suppliers will lead to outcomes that better match supply and demand while containing costs.
Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g., sensors, RFID tags).
Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. The cost reduction includes sourcing, customs & duties, transportation, production, and inventory holding costs. That must be part of the company’s DNA.
Edge Hardware: The battle for edge hardware also intensified in 2024, as companies sought to deploy AI capabilities closer to the source of data. ChatGPT Search : This feature gives users a way to get answers from relevant web sources. This growth underscores the dynamism and competitiveness of the AI market.
Planners spend considerable time preparing scenario planning and not the actual analysis. For impactful scenario planning, planners must spend time on analysis rather than collating data and manually creating scenarios. When evaluating new solutions, look for comprehensive inline or embedded analytics within the planning solution.
Optimal sourcing plant is different for different periods A baseline optimization model shows that depending on the period (month), the optimal sourcing location varies. While this sourcing strategy is the most cost-effective one, the business might not want to operate like that. In scenario #1 the horizon is 12 months.
A successful plan requires design, collaboration, simulation, what-if analysis, and closed-loop learning. I find successful teams learn more about operational potential through what-if analysis than wrote use of the first plan generated in a batch job. What do we learn through gap analysis? Future for Probabilistic Planning?
Cost-to-Serve Analysis. For more on cost-to-serve analysis check out our recent report on supply chain finance. The advancements in analytics–open-source, cloud, internet-of-things (IOT), and cognitive computing–are very promising. Network Design Analysis. Maturity in S&OP. Maturity in Analytics.
As Asia-Pacific production ramped up, competition was on to source the scarce goods and to get access to the limited transportation capacity available to move these goods to their destinations. They also show how critical the sourcing and movement of goods are to businesses and economies as a whole. These are headline issues.
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