Remove Course Remove Data Remove Procurement Analytics Remove Tools
article thumbnail

The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

article thumbnail

7 Tips: A Guide to Mastering Procurement

Material Handling and Logistics

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Using Predictive Analytics For Better Supply Chain Resilience

Blue Grace Logistics

Improving predictability in outcomes is valuable, but ensuring your supply chain is nimble enough to act on the data is even more so. We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. Concept of Predictive Analytics.

article thumbnail

Maximize Ecommerce Supplier Relationships

Ship Monk

The fact is, most business owners think of procurement as nothing more than a transactional relationship. The process involves collecting quantitative and qualitative data concerning vendor-provided goods and services, and analyzing this data for opportunities to improve (or reasons to end) the relationship. If so, good on you!

article thumbnail

Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

The answer is to benchmark your freight, of course. At Logistics Bureau, we capture, analyse, and exploit freight benchmarking data to help us when we provide freight contract negotiation services for our clients. Alternatively, you can procure access to a digital freight benchmarking platform.

article thumbnail

Using Big Data to Drive Manufacturing Sales: 3 Big Takeaways from the USMTO Reports

GlobalTranz

How Can USMTO Reports Help Drive Manufacturing Sales and your Bottom Line? The United States Manufacturing Technology Orders (USMTO) data report is compiled monthly by the Association for Manufacturing Technology (AMT). What is the USMTO Data Report? Why Wenzel America Uses the USMTO Data Reports.

article thumbnail

Better Ways to Address Trade-Offs with Supply Chain Optimization

Logistics Viewpoints

Analytical techniques like linear programming can create the mathematically “optimal” plan, but these methods must be implemented well to avoid creating other challenges. And if the tools don’t allow flexibility for the planner using them, the resulting rigidity can limit their utility and planners resort to manual estimates.