Data Events Examples Purchasing 
Logistics Viewpoints
JANUARY 9, 2023
Infor is one example of a supplier that offers both advanced visibility and supply chain planning. A multi-enterprise supply chain network provides visibility to upstream and downstream events that can affect a company’s supply chain. Visibility to Events. There is a vintage television commercial for Reese’s Peanut Butter cups.
SYSPRO Smarter ERP
MAY 2, 2024
We are starting to see document recognition services in AI which automate tasks such as invoicing, purchase orders and bank reconciliations. Although machine learning models have been in place for some time, they are now becoming much more prevalent because of the high volumes of data in ERP systems.
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Logistics Viewpoints
JUNE 8, 2022
At that time, I wrote about the COVID pandemic, and how similar events occur that elevate the uncertainty of the market. These events make accurate forecasting very difficult. For example, interest rate hikes tend to deter lower priority investments and those that require debt financing. Review of Prior Impactful Events.
Ship Monk
MARCH 21, 2024
Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. Customer relationship management systems collect and centralize all the important data about a business’ customers (and potential customers). With most ecommerce businesses, however, the sales pipeline isn’t nearly as long or as hands-on.
Logistics Viewpoints
MARCH 27, 2023
Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Demand forecasts are improved with access to downstream data (point of sale, Nielsen retail data, and access to competitor promotion schedules). This sounds obvious.
Logistics Viewpoints
MAY 3, 2023
Third, what is the impact of real-time data on supply chains? Whilst they are classed as indirect purchases, this procurement category plays an essential role in day-to-day operations. So, when geopolitical events and the pandemic struck, things that you were expecting to happen, didn’t happen.
Logistics Viewpoints
SEPTEMBER 4, 2023
That processing event determines when the goods need to be delivered to the next stop. It was quickly determined that a procurement event was necessary just to set a baseline. Procurement ran a request for proposal event. Any shipment moving from Siloam Springs to Bentonville, Arkansas, for example, would be one lane.
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