Episode I:Raw materials lead time and the “workaround” economy Companies, both large and small, invest in software programs to automate, simplify, and facilitate standard practices within their supply chains. Successful implementations require extra focus on ‘scrubbing’ the data used to set the initial system parameters because, as we all know, “garbage in equals garbage out.” […]
Do you feel like you spend all your time inputting data into an enormous spreadsheet? Do your spreadsheets have so many links, look-ups, and connections that adding a new product, material, vendor, or any other piece of data takes weeks (and multiple attempts) to complete? Do you have a team of analysts who spend more […]
Visibility is extremely important when it comes to having an efficient and productive supply chain. It’s the ability for every member of the supply chain to be able to successfully monitor and track the process of goods being delivered to the customer. Having supply chain visibility allows for fewer disruptions, increased communication, better customer service […]
There has never been a more complex time to work in supply chain. The combination of globalization, rising consumer expectations, and the boom of e-commerce is pushing supply chains to their limit. Old processes that included paper trails and excel spread sheets are no longer able to keep up with modern day supply chain demands. […]
CEOs are not considering supply chains until something goes wrong. The task of developing consistent supply chain strategies and making data-driven decisions to improve performance is extremely undervalued. Some organizations have introduced digital visualization tools, yet they still don’t trust their supply chain data, and resort to manual scrubbing to make sense of data. There […]
CEOs are not considering supply chains until something goes wrong. The task of developing consistent supply chain strategies and making data-driven decisions to improve performance is extremely undervalued. Some organizations have introduced digital visualization tools, yet they still don’t trust their supply chain data, and resort to manual scrubbing to make sense of data. There […]
Did you know that between 30-40% of food wasted occurs at the supply chain level? (Centre for Nutritional Studies, 2021). There are a number of different reasons why food waste occurs upstream. Some include over production, quality standards, logistics, unpredictable weather and more. By addressing food waste upstream and at the supply chain level, it […]
What is an ERP? An ERP, or “Enterprise Resource Planning,” is software aiding businesses in daily operations like accounting, inventory, HR, and CRM. As organizations increasingly rely on Enterprise Resource Planning systems to manage their business processes, getting accurate Key Performance Indicators (KPIs) from these systems has become crucial for making informed business decisions. ERPs […]
Why Data Analytics is Important Data analytics is the process of examining and analyzing large sets of data to uncover insights and trends. They can help supply chains improve end-to-end supply chain visibility, reduce costs and mitigate risks. It can help users spot challenges in their supply chain early, leaving them with more time to […]
What is Supply Chain Data Analytics? Data analytics is the process of examining and analyzing large sets of data to uncover insights and trends. It involves the use of statistical and quantitative methods to extract meaning from data, with the goal of making more informed decisions. Within supply chains, leverage data analytics to optimize operations […]
