Data Sets Manufacturers up for Success in the CHIPS Era
Supply Chain Brain
JULY 13, 2023
To maximize product value and optimize revenue, manufacturers should leverage leading data to enable a proactive — rather than reactive — business strategy.
Data science vs data analytics: Unpacking the differences
IBM Supply Chain Blog
SEPTEMBER 19, 2023
Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.
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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now
Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
Trending Sources
Why Data Sharing is Limited in a Competitive Environment
Supply Chain Trend
OCTOBER 11, 2022
Asymmetry of Data Ownership. In Pierre Pinson’s article “To Share or Not to Share: The Future of Collaborative Forecasting,” the comparison between data and big oil is striking. Just like oil, data is not evenly distributed among geographies and owners. What do these businesses have in common? DATA SUPPLIERS.
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What About Procurement Objectives?
Procurement Templates
DECEMBER 11, 2024
Automate supplier evaluation using real-time data. Set up a Supplier Advisory Board where suppliers and internal stakeholders co-create business strategies. Action: Launch a quarterly executive-level procurement strategy meeting with all business units.
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New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives
ivalua
MARCH 31, 2020
However, a lack of data integration between systems (44%), lack of relevant insights (40%) and insights not being made available at the right point in the process (39%) are preventing organizations from accurately measuring progress against business objectives. on time payments) and spend visibility.
Triggering results with better supplier information
ivalua
AUGUST 26, 2015
This can significantly impact the amount of time it takes to get to the point where the information is truly actionable — especially since you must make sure that data quality, consistency, and timeliness issues are resolved BEFORE you start taking action on the information now at your disposal. SO DON’T TRY TO BOIL THE OCEAN.
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What we have learned from the most severe supply chain cyberattacks this past year
Spend Matters
AUGUST 29, 2022
Every major business is therefore likely to be part of a complex supply chain of third parties that depend on the delivery from one another. This business strategy, however, means that if one part of the system fails, the entire ecosystem can collapse. Read more. ).
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Product lifecycle management for data-driven organizations
IBM Supply Chain Blog
APRIL 8, 2024
The key foundation of a strong PLM strategy is healthy and orderly product data, but data management is where enterprises struggle the most. To take advantage of new technologies such as AI for product innovation, it is crucial that enterprises have well-organized and managed data assets.
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The Future of Supplier Management is Here, and it’s Holistic
ivalua
AUGUST 1, 2022
Aligning suppliers to overall Procurement and broader business strategy is critical to create sustained long-term value. . What’s more, very few can tackle the challenge of managing, maintaining, and feeding ERPs with accurate supplier master data. Accurate and quality supplier master data.
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130 Procurement can’t afford to be a digital laggard in today’s complex landscape
ivalua
AUGUST 29, 2019
In today’s turbulent business landscape, the challenges facing organisations have become increasingly complex, with uncertainty from geopolitical events such as Brexit and tariff negotiations impacting day-to-day operations. However, as things stand, many Procurement teams aren’t digitally mature enough to provide this input to the business.
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ESG Supply Chain Monitoring and Reporting
Barkers Procurement
DECEMBER 19, 2024
ESG reporting is the process by which companies disclose data on their ESG practices and performance. Improve Decision Making Detailed ESG reports provide critical data that can influence managerial decisions, highlighting areas that require improvement or investment. What Does Best Practice for ESG Supply Chain Reporting Look Like?
SupplyChainBrain – Procurement’s Key Role in Driving Business Strategy
Jaggaer
JULY 21, 2023
Watch this video to see how Tealbook and JAGGAER are partnering together to deliver AI-powered, automated supplier data.
How data, automation and AI are transforming Business Process Outsourcing into a competitive advantage
IBM Supply Chain Blog
JUNE 22, 2023
Manik, VP and senior partner for IBM Consulting, outlined a massive opportunity to strategically redesign the client’s finance operations and payment processing by leveraging AI, data analytics, metrics and automation. ” One car manufacturer, for example, opened up a conversation by asking about an upgrade to its data servers.
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Strategic Sourcing Success – Techniques Deployed by Leaders in S2P
Jaggaer
FEBRUARY 5, 2025
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. These need to be aligned with the overall business strategy.
3 Reasons Why Procurement Leaders Must Act Now to Tackle the Digital Skills Shortage
ivalua
SEPTEMBER 24, 2020
The role of procurement has transformed over the last decade, from cost-cutter to a vital ally that can inform and enable business strategy. However, in our latest study of UK-based procurement, supply chain and finance professionals, 86% of UK businesses claimed they had faced barriers when developing digital skills in procurement.
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CPFR in Supply Chain — Everything You Should Know
Procurement Tactics
MAY 8, 2023
The collaboration in CPFR usually includes business planning, forecasting , and replenishment of raw materials and finished products. CPFR is a business strategy that involves the collaboration of multiple partners to satisfy customer demand. It enhances trust between partners and enables customers to be heard.
Strategic Sourcing Best Practices – Proven Strategies for Procurement Success
Jaggaer
FEBRUARY 5, 2025
Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach. Disconnected systems can lead to inefficiencies, errors, delays, and data discrepancies.
Ivalua Study: Tech Challenges Hinder Procurement
ivalua
MARCH 31, 2020
However, a lack of data integration between systems (44%), lack of relevant insights (40%) and insights not being made available at the right point in the process (39%) are preventing organisations from accurately measuring progress against business objectives. on time payments) and spend visibility.
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Supplier Collaboration Software — What You Should Know
Procurement Tactics
JUNE 7, 2023
It is a strategic method of managing suppliers, where the focus is on aligning suppliers and partners with your business strategy. It offers a range of tools to manage supplier relationships effectively, making it easier for vendors to provide data and for manufacturers to collect it. What is supplier collaboration software?
Powering the future: The synergy of IBM and AWS partnership
IBM Supply Chain Blog
SEPTEMBER 11, 2023
We are in the midst of an AI revolution where organizations are seeking to leverage data for business transformation and harness generative AI and foundation models to boost productivity, innovate, enhance customer experiences, and gain a competitive edge. Watsonx.data on AWS: Imagine having the power of data at your fingertips.
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Contract Auditing — Everything You Should Know
Procurement Tactics
MAY 4, 2023
Improve the quality of the contracts Contract audits offer a vast amount of valuable data that can help businesses make more informed decisions about contracts, their terms, and the procedures involved. The audit can guide improvements in internal processes and enhance the overall quality of the contracts.
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Intelligent Supply Chain Technologies for the Future!
Supply Chain Game Changer
APRIL 29, 2021
Technological advancement will work as a catalyst in digitizing supply chain management, bring about changes in the existing system of delivering products and services, and overhaul the process of generating and sharing data across a more diverse set of functions. Data analytics provides actionable insights to save time, effort and cost.
The Shift Towards Sustainability While maintaining high Profitability
Procurement Tactics
JANUARY 9, 2023
Integrating sustainability in your business means that there are needed changes in your business strategies. Thus, innovations can help you to adjust the businesses towards greater sustainability which includes: Empowering stakeholders to focus on sustainability and drive execution. Innovation . Example: 2: Apple.
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Supplier Registration – Goals, Benefits & Challenges
SCMDOJO
JULY 28, 2022
Lack of Visibility: While having a centralized data storage solution to manage supplier data is important, it provides the organization with a centralized view and better visibility, leading to better resource allocation and increased efficiency. . But purchasing should now be considered part of your overall business strategy.
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ESG Analytics: Using Data Analytics To Make Your ESG Strategy A Reality
Planergy
DECEMBER 22, 2022
ESG Analytics: Using Data Analytics To Make Your ESG Strategy A Reality. Big Data Business Intelligence (BI) Ethical Sustainability & Responsibility. ESG analytics is an emerging data science focused on helping companies see how well they adhere to ESG initiatives. The Different Types of ESG Data.
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Unlock Retail Growth This Quarter with Multi-Carrier Tech from Shipium
Let's Talk Supply Chain
NOVEMBER 7, 2022
To find out, we indexed the top 750 eCommerce retailers by annual online revenue based on the industry data provided by EcommerceDB.com. Fixing this problem requires both a business strategy and a technology solution working in partnership. Single Carrier? Single Failure. What’s wrong with the single-carrier model?
Triggering Results With Better Supplier Information
ivalua
AUGUST 26, 2015
This can significantly impact the amount of time it takes to get to the point where the information is truly actionable — especially since you must make sure that data quality, consistency, and timeliness issues are resolved BEFORE you start taking action on the information now at your disposal. SO DON’T TRY TO BOIL THE OCEAN.
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2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement
Procurement Insights
JANUARY 3, 2025
Analytics and insights from procurement data were minimal. Digital Transformation Begins : Increasing adoption of procurement technologies, such as e-sourcing platforms , spend analytics , and contract lifecycle management tools , enhanced procurement’s ability to provide data-driven insights.
5 Supply Chain Myths and Truths!
Supply Chain Game Changer
JANUARY 12, 2022
Myth #3: You can get every bit of information you need simply from looking at the data. Data is an important factor when it comes to supply chains. The problem is that data on its own will not be able to tell the entire story. If you simply take that data as is, the only thing you know is that the shoes were delayed.
Logistics Optimization Software: A Deep Dive Into Data-First Technology Leader, Enveyo
Let's Talk Supply Chain
APRIL 6, 2023
While at Omniture and Adobe, Coby and John pioneered high-value enterprise technology and data integrations in order to more fully inform and drive the right business decisions for some of the largest companies in the world, including Ford Motor Company, Amazon, NASDAQ, and Symantec.
Why Procurement leaders must act now to tackle the digital skills shortage
ivalua
SEPTEMBER 25, 2020
The role of procurement has transformed over the last decade, from cost-cutter to a vital ally that can inform and enable business strategy. However, in our latest study of UK-based procurement, supply chain and finance professionals, 86% of UK businesses claimed they had faced barriers when developing digital skills in procurement.
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Ivalua Now and the Art – or is it the Science – of Procurement?
ivalua
MARCH 14, 2019
We still need – for the moment at least – human insight into the data and what to do with it. These days a good CPO is more than an expert in business strategy and making cost savings, they are also empathetic leaders with excellent, cross business communication skills who don’t shy away from using the latest technology.
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4 core learnings from successful CDOs and how to apply them
IBM Supply Chain Blog
MARCH 20, 2023
The study identified an elite 8% of chief data officers whose organizations allocate proportionally less of their revenue to data yet generate equal or greater business value. It can be easier to get a clear line of sight from data to value with engaged ecosystem partners and internal stakeholders.
Spend Matters Future 5 2023 – Introducing akirolabs
Spend Matters
OCTOBER 26, 2023
akirolabs derives procurement strategies from the overarching business strategy. For example, if a procurement team in a company with various business units with their different goals of operational efficiency, launching a new product faster, becoming sustainable, etc., What is akirolabs’ greatest strength?
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Sustainable Supply Chain Consulting — The Ultimate Guide
Procurement Tactics
SEPTEMBER 19, 2022
Sphera provides ESG performance and risk management software, data, and consulting services. BSR works with over 250+ companies, civil partners, and government agencies to develop ambitious business strategies. . It is a technology platform that automates data insights and creates strong supplier relationships.
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130 Using generative AI to accelerate product innovation
IBM Supply Chain Blog
APRIL 1, 2024
Stacking strong data management, predictive analytics and GenAI is foundational to taking your product organization to the next level. With IBM watsonx™ Assistant, companies can build large language models and train them using proprietary information, all while helping to ensure the security of their data.
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Intake and Orchestration in procurement: How do the solution providers define its role? – ORO Labs
Spend Matters
JUNE 18, 2024
The ability to bring together data from various sources helps to mitigate risk through things like consolidated scoring and automated fraud detection. Increased agility — Given how quickly procurement needs to respond to changing policies and business strategies, the process we build today may not be the right process tomorrow.
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Hyperscale vs. colocation: Go big or go rent?
IBM Supply Chain Blog
MARCH 27, 2024
The company is working with extremely high volumes of data and expects this situation to continue or grow. So, you’ve got a ton of assets earmarked for data storage , with many more workloads on the way. Your business isn’t expecting this data to collect dust in a vault, either.
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The Supplier Management Secret Recipe
Supply Chain Game Changer
AUGUST 5, 2021
To make sure a supplier management strategy is properly aligned with the broader business strategy and adopted by the broader procurement organization then it’s important to have transformational & process leaders in place! Document, data, and certification reporting from suppliers shouldn’t have to be difficult.
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Effective Small Business Hiring Strategies for 2025 | Ecommerce
Finale Inventory
SEPTEMBER 19, 2024
While ecommerce managers, customer service reps, and logistics coordinators will still be crucial, businesses should also look at hiring data analysts , AI specialists , UX designers , and sustainability officers. These tools help small businesses identify, evaluate, and onboard talent more efficiently.
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Benefits of Strategic Sourcing
Una
NOVEMBER 1, 2022
Using data to make decisions. Strategic sourcing places much more emphasis on collecting and analyzing data and requires considerable time to research a “bigger picture” way of thinking. Strategic sourcing should exist outside of only the procurement department and link to the overall business strategy.
Balancing AI: Do good and avoid harm
IBM Supply Chain Blog
JANUARY 25, 2024
.” Read the “Presidio AI Framework” paper to learn how to address generative AI risks with guardrails across the expanded AI life cycle As generative AI continues to go mainstream, organizations are excited about the potential to transform processes, reduce costs and increase business value.
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What is Integrated Business Planning (IBP)?
IBM Supply Chain Blog
JUNE 29, 2023
By having real-time data at their fingertips, decision-makers can adjust their strategies, allocate resources accordingly, and capitalize on the unexpected spike in demand, ensuring customer satisfaction while maximizing revenue. Data integration and analytics IBP relies on the integration of data from different sources and systems.
How Businesses Benefit from an Integrated S2P Software Solution
Jaggaer
MAY 14, 2019
T he success of a S2P software implementation project relies greatly on the business case it follows. A good business case should take into consideration the value the S2P solution could create, the project timeline, the overall business strategy and it should be based on solid data. . . Ease of use .
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