Prime Advantage Blog

Is Your Company's Cybersecurity Unprepared?

Posted by Alison Chebuhar on Apr 4, 2017 1:45:00 PM

The Internet of Things (Iot) and smart devices have made our lives a whole lot easier. We can put a pot of coffee on, adjust the room temperature, and turn on the lights, all as we’re pulling up to our driveway. In the workplace and on manufacturing plant floors, smart machines connect to each other to create harmony in production, use thousands of sensors to make modifications in real-time, and can even repair themselves. At the rate technology advances in the modern age, the present seems more like that future than ever before.

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Topics: Industry News, Analytics and Technology

How Sound is Your Procurement Data?

Posted by Alison Chebuhar on Aug 9, 2016 8:10:00 AM

If you’re making good procurement decisions, you’re most likely using a significant amount of data to determine when and where to pull the trigger. But, how confident are you with the numbers fueling your conclusions? What about the dark matter numbers that you know are out there, but your eyes just can’t seem to corral? Complete spend visibility may be an insurmountable peak, but always striving to reach it will place your organization’s sourcing strategy in the best position for success.

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Topics: Procurement, Analytics and Technology

Translate Organizational Objectives to Supply Chain Metrics

Posted by Mike McDonald on Mar 1, 2016 10:02:51 AM

Have you adjusted your metrics to drive toward this year's objectives? Operations and procurement play a big part in fulfilling a company's strategy. The role they play will vary depending on if you are launching new products, increasing quality or decreasing costs. The success of these endeavors hinges on your ability to assign proper metrics to track the progress.

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Topics: Supply Chain, Analytics and Technology

Why Your ERP System is Failing

Posted by Guest Contributor on Feb 22, 2016 1:53:57 PM

Prime Advantage's Conferences are an opportunity to network and learn about topics facing procurement professionals. We are excited to have Keith Launchbury join us at our Spring Conference to share his insight on Demand Driven Planning.

After spending a substantial amount of time, money, and effort to implement the best ERP systems on the market, many company executives are wondering why they are still seeing their employees using spreadsheets while not seeing all of the business benefits that were promised. They are perplexed at how their inventories can be so high, yet still plagued with annoying material and product shortages. They see the customers becoming exceedingly demanding, while it seems more difficult than ever to deliver the products without incurring the extra costs associated with expediting.

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Topics: Analytics and Technology

Five Questions Every CFO Must Answer

Posted by Joe Ptak on Feb 18, 2016 10:06:00 AM

The most strategic of CFOs are able to answer the tough questions, and answer them well. They create clear visibility into what's driving -- or veering the company away from -- profits and growth. Intacct Corporation recently hosted a webinar entitled, "5 Questions Every CFO Should Expect From the CEO," explainingthat financial executives are playing a larger organizational role than ever before. Businesses look to their finance department to provide leadership in understanding the dollars and sense of how their company is truly running under the hood. All while asking them to balance the monetary aspects of the business with the operational.

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Topics: Group Surveys, Analytics and Technology

Take Your Supply Chain to the Next Level

Posted by Dan Grant on Feb 16, 2016 8:41:00 AM

Time is the thing people wish they had more of the most. We can't create more time in the day, but we should always be looking for ways to better use it. Analyzing data on how manufacturers can improve their time allocations has been the focus for many. One area that often gets left out of the time-saving equation is procurement.

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Topics: Supply Chain, Analytics and Technology

Are you Tracking your Procurement Savings?

Posted by Mike McDonald on Feb 11, 2016 1:17:03 PM

Before you can address any problem in business, you first have to know it exists. One of the most essential spotlight shining tools that successful supply chain managers possess is their spend data. Knowing where the budget is going, and examining the appropriate purchase information to determine how you are performing, is a key component to assessing the issue.

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Topics: Procurement, Analytics and Technology

Marry Your Data to Your Experience for Optimal Results

Posted by Joe Ptak on Feb 9, 2016 12:47:40 PM

How well you use the data that you have at your fingertips is influencing your company's position in the marketplace more than ever. If you are someone who still prefers to make calls from your gut, and akin the big analytics movement to loud kids on your lawn, the times are passing you by. Sure, there is definitely a lot of meaningless noise in all of the numbers you're warehousing, but if you can properly connect the notes you'll soon discover that there's a symphonic beacon playing underneath all of that racket. As Business.com reports in "Big Data is Redefining the Supply Chain: Putting Business Intelligence to Work," the better you can sort your data, the more intelligence, signals, and trends you'll find.

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Topics: Analytics and Technology

The Truth is in the Numbers...Somewhere.

Posted by Joe Ptak on Dec 10, 2015 10:47:00 AM
Data, data, data, everywhere. Tons of useful information, tons of noise. It's tough enough not getting crushed by the weight of what's out there, let alone corralling the meaningful away from the hollow. And it's not going to get any less daunting as we find more and more data points in our ability to track, well, everything. But it's a challenge we must meet if we're going to keep pace with our peers because it's a race we're all running.

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Topics: Procurement, Analytics and Technology

Looking Back on 2015 in Manufacturing

Posted by Joe Ptak on Dec 1, 2015 6:30:00 AM
Where did 2015 go? It feels like it was just yesterday I was washing down a cocktail weenie with cheap champagne on New Year’s Eve. Oh well, as with any year winding down, it’s advisable to take inventory and reflect on just how successful of a campaign it really was. It’s also a perfect time to take a look at what we got right and what we got wrong. Nowhere is this truer than in the world of manufacturing, where pondering on the previous year will help shape forecasts and ensure your company is ready for what lies ahead. And when it comes to predictions, Software AG appears to have gotten many right in its 10 Supply Chain and Manufacturing Predictions for 2015.


Here are a few they really nailed:

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Topics: Manufacturing, Analytics and Technology

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