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When one thinks of supply chain software vendors, the name InterSystems may not spring to mind. They offer softwaresystems and technology for complex integration, rapid application development, and advanced analytics and sell those solutions to companies that need to accelerate optimized business outcomes.
Traditional supply chain planning tools rely on deterministic forecasting, generating single-point estimates that often misrepresent real-world complexities. By setting customized service levels for each SKU-location combination, their supply chain planning software reduced inventory costs by 25% while improving service levels to over 99%.
Traditional supply chain planning tools rely on deterministic forecasting, generating single-point estimates that often misrepresent real-world complexities. By setting customized service levels for each SKU-location combination, their supply chain planning software reduced inventory costs by 25% while improving service levels to over 99%.
One of the most powerful tools in modern supply chain management is the Control Tower, which offers a comprehensive, real-time view of the entire supply chain and is the single source of truth for the latest developments on the demand and supply side. What is a Control Tower? Another vital feature is the management of alerts and exceptions.
Over the past few years, supply chain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. A holistic, unified view of sourcing that brings bills of material, master data management and downstream systems. Outside-in insights to integrate market and category intelligence.
As the state of the trucking market evolves and innovations improve , OTR freight management technologies and logistics service providers offer transportation management optimization to help businesses avoid significant supply chain disruption. Reducing Reliance on Outdated Systems and Technology .
If you want to gain more supply chain analytics knowledge, you’re in the right place. We’ve compiled a list of 10 great supply chain analytics books to help you better understand the concepts and strategies behind this vital business field.
Descriptive analytics. Prescriptiveanalytics. For everyone trying to navigate new technology options, this is an important question. With the evolution of Enterprise Resource Planning (ERP) platforms and the zealous implementations of many business consultants, the basics of planning were lost. Machine learning.
the leader in AI-first supply chain planning software, announced Logility employees, VP of Business Development, Diane Ngabire and President, Allan Dow, were named as winners of this year’s Pros to Know award. Dow and Ngabire have committed their time and talents to positively influence the supply chain profession.
Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?
While most drug shortages impact generics in areas like oncology and anti-infectives, weight loss drugs are capturing headlines today for the challenges many patients have in filling these prescriptions. The World Obesity Federation estimates that 2.7 billion people are obese or overweight, so the target market is substantial.
Last week enterprise ERP and SCM software and technologyplatform provider SAP SE made what the provider declared as a significant and groundbreaking announcement. That includes industry supply chain teams that utilize various SAP SCM software and data management applications as their primary support mechanism.
The Hackett Group provides a useful visual for describing the maturity stages that supply chain is moving through as the industry strives to leverage data and advanced analytics. Supply Chain Analytics Maturity Model (Source: Hackett Group). Descriptive Analytics (What happened?). Diagnostic Analytics (Why did it happen?).
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. When we ended the discussions, we agreed that visibility is supply chain capability not a well-defined technology classification.
Predictive Capabilities: With advanced analytics, real-time data can offer predictive insights. Leverage Technology: Utilize data analyticstools to gather and analyze real-time data. These tools can provide the insights needed to make informed decisions quickly and accurately. Let’s Chat
In their list of common nightmare scenarios to try to prepare for, few procurement leaders could have predicted the business disruptions of 2020. Brent discusses how now is the time for enterprises to redouble their efforts to upgrade their operations with digital technologies and innovations that improve sourcing and supplier management.
With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Types of ProcurementAnalytics.
Kuebix Surpasses 10,000 Companies Using Its Transportation Management System (TMS). JDA Launches “JDA Luminate” Next-Generation SaaS and Digital Edge Solutions. NASA announced this week that it has signed “a second space act agreement with Uber Technologies, Inc., Uber Technologies Inc. and Qualcomm Inc.
YouTube is a fantastic platform offering a unique feel to social media exploration and learning the latest trends in Supply Chain from professionals. 2) Supply Chain Analytics | 22k Subscribers. The Supply Chain Analytics Channel is highly detailed and will always be recommended for years to come. Procurement Jobs in Future.
However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. End-to-End Definition Implementation of enterprise data architectures to improve order-to-cash and procure-to-pay.
Procurement: Parts procurement considers many factors, including demand, intelligence, risk, compliance, collaboration, delivery, and supplier availability. Procurement: Complex to efficiently process many factors at scale, in real time, and cost-effectively leading to frequent operational disruptions. Inventory Management 1.
Lora Cecere ( @lcecere ), founder and CEO of Supply Chain Insights, explains, “There is no class of technologies, or common definition, for ‘supply chain control towers.’ … Supply chains are complex, non-linear systems. ’ Instead, a project needs to be based on user-defined set of capabilities.”[1].
The experts also stress the importance of leveraging data and analytics in their risk management efforts. A global survey focusing on cost, risk, and the evolving role of procurement in today’s supply chains conducted by riskmethods concluded reactive supply chain risk is no longer viable.[2] Leveraging Big Data and Analytics.
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. And that’s precisely what’s on the horizon for supply chain analytics.
An MEIO approach addresses both demand and supply variability determining the optimal locations to hold inventory in the optimal amounts to minimize overall system inventory while meeting customer requirements. Companies that have implemented a MEIO strategy have been able to reduce total system inventory by 20% or more.
A customer walks into an Amplifon hearing store with a prescription or to be tested, and walks out that same day with a specialist-designed hearing aid. The company installed POS demand-sensing software to produce daily automatic replenishment proposals. Take retailer Amplifon, known for its Miracle Ear brand.
While these teams try to piece together the picture, which is difficult, in rooms with few details, overall excitement for supply chain technology advancement is waning. Value Chain Uberization: a platform to enable shared resources across a community. No one makes better software than SAP when they are clear on the business problem.
Introduction Global trade has entered a new era of volatility, with tariffs and trade restrictions already proving to be powerful tools of economic policy. Supply chain and procurement leaders must now navigate an increasingly complex regulatory environment, balancing cost efficiency with risk mitigation.
The Announcement Last week the supply chain orchestration technology support provider announced Kinaxis Tariff Response, a new offering aimed at helping companies simulate tariff exposure, run strategic scenarios, and make data-informed decisions quickly.
I am facilitating a workshop between supply chain business visionaries and technology innovators. While many technology companies have co-opted the network of networks message, today there is no interoperability between network solutions. Five Technology Trends That Excite Me. Note the gaps in existing technologies.
This newsletter will explore how analytics can revolutionize supply chain management, mitigating risks and enhancing operational efficiency. Conversely, prescriptiveanalytics provides actionable insights, guiding businesses in making informed decisions.
Freight is inherently physical, spanning many different players and systems. Here are some interesting highlights: Justification Is Key Interestingly enough, one of the most important drivers for market intelligence is justifying procurement decisions or operational decisions to internal stakeholders, like executive teams, or to customers.
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 analyticssoftware, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems.
technologies that interact, communicate and create lakes of vital freight information is now entering the supply chain and these will be instrumental in bringing about the smart supply chain.”[2] Cognitive technology. Advanced analytics. The changing manufacturing environment is often described as Industry 4.0 (i.e.,
Are you using spreadsheets as a supply chain planning tool to collect and manage your data and perform analysis? It turns out “insiders joke about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets” according to Requis. 3) Lack of automated diagnostics and prescriptive actions.
The challenges multiply when tools or strategies provide only limited visibility, adding more problems rather than solving them. Best Logistics Management Software Solutions in 2024 1. If your business is in the growth mode, you need to consider other tools on this list. Spreadsheets!! But a word of caution here!
A critical report finding is the prediction that technology investments are expected to widely increase in response to supply chain disruptions. . The report includes this statistic: “Two-thirds of respondents expect their companies to spend more than $1 million on supply chain technologies over the next two years. Why Change Now?
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. In this area, technology becomes key to data-driven solutions.
The state of supply chain tech in 2022, or supply chain technology, will be one for the record books. The traditional strategies and even some minimal e-commerce retailers faced uncertainty and a need for more technology. It offers a virtual supply chain team enabled by cloud software,” Gerald wrote.
What is Procure to Pay (P2P)? Procure-to-Pay commonly known as P2P, encompasses the entire cycle of buying activities from identifying a need for goods or services to completing payment to a supplier. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.
It involves the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. This process usually involves the application of mathematical modelling techniques using computer software. Also, with recent technology advancements including the increased usage of web 2.0
On the other hand, a software development company wouldn’t need to purchase raw materials but rather goods – such as hardware – and services, like software subscriptions. Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending.
is advanced supply chain analytics. Advanced supply chain analytics is turning the current uncertainty into strategic foresight. This technology sifts through complex data to forecast potential disruptions and market trends, allowing companies to plan ahead instead of reacting in the moment.
By utilizing optimization techniques, we have sought to minimize procurement costs absorbing larger order quantities and longer lead-times; we plan for longer manufacturing runs to drive a higher return on assets and full-container load land and marine freight to reduce transportation unit costs. FROM VISIBILITY TO ACTIONABLE INSIGHTS.
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