A global pandemic was impossible to foresee as COVID-19 swept across our increasingly interconnected world. The challenging landscape, from store and factory closures to wild swings in inventory, has proven to be the ultimate test of strength for supply chain teams everywhere. Supply chain is now a household term. Companies are measured on their ability to meet demand, …
Using Procurement Analytics to Simplify Your Supplier Reconciliation
Ask finance managers to name a necessary evil of their responsibilities and many will cite reconciling goods received against invoices not received (“GR-NI”). The GR-NI issue is time-consuming to manage but not exactly mission critical to finding new business. Because of that it often gets demoted to the lowest of priorities. Not dealing with GR-NI, however, creates …
Supply Chain KPIs You’ll Want Every Morning
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Four Steps to Better Demand Forecasting
Forecasting is an “inexact science” that relies on the data available to you, the math you use, and how you implement the forecast. There are libraries full of algorithms that are relatively easy to implement in software, but the math is only as good as the data it’s applied to. And your forecasting success is fundamentally impacted by your understanding of that data, its …
Where’s the Value in Supply Chain Analytics?
Most supply chain applications that Logility works on have significant ROIs. But sometimes it’s hard to see where the return on investment will be coming from. At Logility, we focus on the tangible benefits of improving your supply chain and how we go about producing hard-number results. We’re all very well versed in the traditional areas to look for: cost structure, growth, …
Improving Your Supply Chain with Analytics and Collaboration
A leading retailer in the home improvement space was having issues delivering timely reports to its suppliers. They were not capable of providing sell-through reports and this negatively impacted inventory levels and supplier distribution channels. Maintaining their market advantage came at the cost of great complexity – with more than 80,000 individual items for sale at any …
Seven Keys to Scaling your Supplier Scorecarding Program
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Driving Supply Chain Analytics User Adoption with Cross-Departmental Metrics
User adoption is a challenge that often arises during the rollout of supply chain analytics solutions. Users are accustomed to building everything in Excel and manipulating the data as needed for their own particular use, typically using static reports or spreadsheets that are siloed in specific departmental needs. The obvious danger of this is that business rules and data …
How To Implement Predictive Analytics Into Your Company
Chances are, if you’re in marketing, sales, or one of the more technical aspects of business, you’ve used predictive analytics in some part of your job. Retail giant Amazon uses predictive analytics to study the behaviors of over 200 million customers who produce over 1 billion GB of website data per year, which results in tailored product suggestions that earn the company over …
Amplify Your Supply Chain While Capitalizing on your IT Infrastructure
Ampacet Corporation is the world’s leading manufacturer of the pelletized pigments that add colors to plastics. The company spans the globe with 12 manufacturing sites on four continents. Managing the supply chain of such a global enterprise is challenging. “We’d never had a global view of our organization,” explained John Smith, Data Warehousing Manager. “We had reports …
