Building Effective Procurement and Supply Chains Using Data Analysis (OnDemand Webinar)

$149.00

SKU: 410771EAU

Description

Gain insights into the possibilities that data analytics can provide.Supply chains are more global, significantly more complex, and subject to greater disruptions. Data used by procurement professionals is typically historic and doesn’t provide them with a complete picture of the performance of their supplier network. As a result, they are often surprised by failures in performance by that network which impacts cost, customer satisfaction, and quality.Data analytics, while not a new topic, is an evolving field. Procurement professionals can benefit from a wellthoughtthrough plan to apply new and existing technologies to help them better understand realtime network performance and the performance of their primary and secondary suppliers. Predictive analytics allows procurement professionals to anticipate performance gaps and respond sooner to them. Every company can build upon a core set of analytics to model the needs of its supply chain. This webinar will provide procurement professionals with insights into the possibilities that data analytics can provide for their function.

Date: 2023-11-07 Start Time: End Time:

Learning Objectives

Key Elements of a Successful Procurement Process
• A Most Important Goal
• Procurement Strategy That Supports the Business Strategy
• Measurable Objectives
• Leveraging Technology
• Risk Mitigation
• Value Creation

Relationship Between Data Analytics and Procurement
• Key Objectives: Customer Experience, Operational Efficiency, Predictive Modeling
• Identification of Operating Gaps
• Risk Management
• Network Optimization
• Quality

Applications of Data Analytics
• Supplier Assessment
• Governance
• Total Cost of Ownership
• Cost Reduction Tracking
• Real-Time Reporting
• Network Modeling
• Demand Forecasting and Siop • Sales, Inventory, Operations Planning
• Total Cost of Ownership Modeling

Data Analytics
• Ownership
• Acquiring the Right Data
• Leveraging Technology
• Use of IoT and AI
• Network Modeling

Expected Outcomes
• Lower Cost
• Improved Efficiency
• Reduced Working Capital Requirements
• Value Creation
• Resiliency and Disruption Management

ISM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Jim Gitney-Group50