Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. By aligning supply chain and procurement, spend can be considered more holistically.

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Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 189

NC State SCRC

MAY 10, 2016

I was recently interviewed by Phillip Ideson of the “Art of Procurement” webcast. I met Phillip at the ISM Global Procurement Tech Summit about a month ago, and he invited me to join the show. What is predictive analytics? The concept of Innovative Data Leveraging.

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GlobalTranz

JANUARY 17, 2017

So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing.

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Manufacturing Procurement Predictive Analytics Procurement Analytics Predictive Analytics Software 120

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

NC State SCRC

FEBRUARY 27, 2018

Predictive analytics is still relatively new in procurement, but it’s increasingly important, particularly in organizations that have already been through the cycle of spend analytics, supplier leveraging, segmentation, and consolidation. Many executives we interviewed in our research responded “yes”. Absolutely.

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QAD

JUNE 29, 2021

In their list of common nightmare scenarios to try to prepare for, few procurement leaders could have predicted the business disruptions of 2020. QAD Adaptive ERP addresses issues procurement teams face involving supply and sourcing decisions, supplier quality, and the means to improve integrated supplier activities.

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Optimal Sourcing Manufacturing Procurement Sourcing Strategies Prescriptive Analytics Software 92

ThroughPut

FEBRUARY 2, 2024

is advanced supply chain analytics. Advanced supply chain analytics is turning the current uncertainty into strategic foresight. In this blog, we’ll delve deeper into the potential of advanced supply chain analytics and understand why it is the need of the hour.

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Unleashed

JUNE 4, 2024

The procurement processes you implement directly impact how efficiently the business operates. Conversely, the consequences can be disastrous if procurement lacks the right structure or planning. What is a procurement process? Strategy is extremely important in the procurement process. Let’s dive right in.

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Procurement Solutions Manufacturing Procurement Optimal Sourcing Procurement Analytics 52

Precoro

JANUARY 29, 2024

As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation. Procurement methodology. Objectives and scope.

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Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

ToolsGroup

DECEMBER 10, 2019

Against this backdrop, our 2020 predictions represent insights from across the ToolsGroup community for technology and practices that support greater supply chain resilience. Deriving value from huge volumes of data depends on being able to separate signals (which have predictive value) from ‘noise’. Data analytics will get simpler.

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Modeling Predictive Analytics Software Supply Chain Planning Software Supply Chain Software 156

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. These diagnostic analyses help businesses predict market trends, optimize global supply chains, to make quicker, strategic decisions to pursue financial opportunities.

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Claritum

NOVEMBER 23, 2020

Claritum’s top ten 2021 predictions for Procurement. Medium sized organisations will use procurement automation and buyer portals in the cloud, to address concerns of spend management, remote working and data security. Use of AI Machine Learning, specifically in data analytics, will move mainstream for Procurement.

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Predictive Analytics Software Optimal Sourcing Predictive Analytics Procurement 41

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. With supply chain management analytics software, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems.

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Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

SCMDOJO

JUNE 6, 2023

Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. How does data analytics help supply chain optimization? Let’s explore the roles which data analytics play in this process. Why is it crucial? Download from the below link.

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Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

ModusLink Corporation

SEPTEMBER 1, 2023

Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. But what does that mean for future strategies in procurement ? Let’s rethink everything to figure out what it might be for the future of procurement in light of it all.

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Optimal Sourcing Supply Chain Software Supply Chain Planning Software Manufacturing Procurement 78

QAD

JANUARY 11, 2022

After the last two years, it’s no surprise that some might be hesitant to make predictions about the state of manufacturing, supply chains and digital transformation for the new year. But two of our senior experts wanted to weigh in by sharing their 2022 predictions in VMblog’s 14 th annual predictions series.

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Manufacturing Procurement Predictive Analytics Software Predictive Analytics Supply Chain Software 94

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.

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Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

ThroughPut

FEBRUARY 23, 2024

With rapid fluctuations and uncertainty, predicting customer demand is like shooting in the dark. Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. You can identify near-term market shifts with greater precision.

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Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

ivalua

AUGUST 29, 2019

Leading the charge in navigating this constantly shifting trading environment is the Procurement department. Procurement teams are becoming a more intrinsic part of business strategy, able to help organisations manage and predict supply chain risk, unlock innovation, create sustainable cost savings, and help grow revenue.

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Optimal Sourcing Negotiating Skills Procurement Analytics Software 154

RFgen

MAY 16, 2023

The role of data analytics in optimizing inventory management processes has become increasingly important. Analytics help organizations make smarter decisions, reduce costs, and improve customer satisfaction. But your analytics is only as good as the underlying data. That’s why most inventory handlers leverage data.

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Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

The Logistics of Logistics

AUGUST 28, 2023

She brings almost 20 years of supply chain and benchmarking experience to DAT, where she is focused on providing actionable insights to shippers through DAT’s Benchmark Analytics and Rateview benchmarking tools. At DAT, she has been instrumental in growing the shipper practice. Tusk save Shippers 40% or more on small parcel shipping.

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Logistics Network Optimization Software Analytics Software Supply Chain Planning Software Supply Chain Network Software 226

Supply Chain Game Changer

JANUARY 21, 2021

Featuring Our 12 Best Procurement Articles! Procurement drowning in data article and permission to publish here provided by Sam Jenks at kodiakrating.com. Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management. Is Procurement drowning in data? Subscribe Here!

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Optimal Sourcing Procurement Data Supply Chain Planning Software 85

GlobalTranz

NOVEMBER 30, 2021

Analytics provides visibility into your transportation network and operations. Analytics and market intelligence that enables businesses to make data-driven decisions is especially valuable for an industry marred with the effects of? Harvard Business Review Analytic Services study?report Forecast Demand?with?Analytics.

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Procurement Academy

AUGUST 17, 2021

For those of us working in the field of supply chain and procurement education, it’s an open secret. But the same is most emphatically not true of supply chain and procurement. Data analytics. Predictive modelling. And by ‘data analytics’, or course, something more advanced than mere spreadsheet skills is usually meant.

Buyer Training 93

Buyer Training Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 93

NC State SCRC

JULY 5, 2019

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019).

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Procurement Analytics Optimal Sourcing Analytics Software Procurement Solutions 40

Silvon Software

AUGUST 8, 2022

To address these issues, manufacturers and distributors are focusing more on the use of data analytics to help them make more strategic decisions related to supply chain performance. But how can organizations best use data analytics to enhance their supply chain management efforts? Make supply chain analytics broadly available.

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Analytics Software Supply Chain Planning Software Predictive Analytics Analytics 80

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? These services include: Software; Analytics; Networking; Data storage; Servers and more. Three Categories of Cloud Procurement.

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Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Proxima

SEPTEMBER 12, 2023

And what for procurement teams? Procurement will need to understand all the ways that AI could transform how attorneys manage their work and what challenges AI could create for legal suppliers that need to be considered. In fact, it’s predicted that legal technology budgets will increase threefold by 2025. [1]

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Procurement Predictive Analytics Software Supply Chain Planning Software Modeling Software 59

Supply Chain Game Changer

FEBRUARY 11, 2021

But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. This paper seeks to answer those questions and specifically address its benefits to the Procurement process by addressing the following checklist: Checklist. What is Artificial Intelligence or AI?

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Procurement Modeling Software Analytics Software Supply Chain Network Software 93

Supply Chain Matters

JANUARY 21, 2023

The Ferrari Consulting and Research Group announces that our latest Research Advisory, 2023 Predictions for Industry and Global Supply Chains is now available for reading. In a prior five-part series of commentaries hosted on Supply Chain Matters , we have provided snapshots of five of our ten predictions for 2023.

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Predictive Analytics Predictive Analytics Software Supply Chain Planning Software Global 52

ivalua

NOVEMBER 14, 2019

Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy.

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Supply Chain Game Changer

OCTOBER 8, 2020

Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com. Here are some interesting predictions from a reputable international research firm, IDC, which highlight key areas of technological applications regarding the impending digital revolution of the international supply chain.

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Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Supply Chain Software 74

The Logistics of Logistics

OCTOBER 30, 2023

Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. The Greenscreens.ai

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ivalua

DECEMBER 17, 2018

The Hackett Group and Ivalua have been working together for some months to assess the status of Digital Procurement transformation and lessons learned from early adopters. Digital Procurement – a place we are planning to visit soon (and hopefully stay). Here are the top takeaways from that Webinar and from the full research.:

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Procurement Analytics Software Sourcing Strategies Supply Chain Planning Software 124

Requis

FEBRUARY 19, 2021

He is based in Germany, and, as a founding partner of the supply chain practice at McKinsey & Company , consults on a variety of supply chain-related business problems, including S&OP and advanced analytics. Today we would use demand sensing, machine learning (ML), and other tools to predict demand. Yes, that’s fair.

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Predictive Analytics Predictive Analytics Software Analytics Software Supply Chain Planning Software 52

ThroughPut

MAY 14, 2024

Perhaps there is no bigger pushback that AI and data analytics companies get from industrial companies than “we don’t have data”. Our team of data analytics experts plays a vital role in ensuring this happens consistently. We need to do real-time analytics with our data, otherwise, it’s not worth it. Did You Know?

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Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Game Changer

SEPTEMBER 9, 2020

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy. Important Digital Procurement Trends.

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