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Demand & Supply Chain Management Evolution

Course Detail

Big Data Applications and Analytics in Supply Chain Management


Education Center: ISM - Institute for Supply Management
Date: 5 August 2020
City: Chicago, IL

Duration: 2 days

Today, many top executives want their purchasing and SCM to be more strategic in their decisions and employment with our suppliers but do not give them tools or negate the value of the tools when lost. This seminar will show the buyer’s how to locate data critical to their needs, filter it for attaining the strategic initiatives of the organization and through applying analytics make the result guide the professional to a well-developed and sound decision for the organization. You’ll leave with a better understanding of the use and applications of this big data and the tools of SC analytics for success in the global business tapestry of tomorrow.

This meeting will run from 8:30 AM until 4:30 PM daily.

This session is developed for all purchasing and supply chain professionals who need to allow the tools of technology to better assist them with conveying a strategic presence to upper management. It will help in developing decisions which will provide good continuity of supply and profitability into the future. Strategic decisions, with telescoping clarity, can be found in the information often unseen or discarded.  Vital for any firm adding a new software platform, updating their current application module(s), or having issues with garnering past data.

You will earn 14 CEHs for this seminar

You will learn

  • Key terms and definitions applied to technology today
  • The key contributions supply management makes to corporate strategy and value creation
  • How to maximize the organizations value in existing technology acquisitions of the past as well as going forward
  • Steps and techniques to allow strategic decisions to be directed from purchasing and SCM
  • The importance of having a forward risk mitigation alert to avoid mistakes and poor decisions of the past
  • What applications allow the system to work for you and guide you to valuable analytic based decisions
  • How big data and supply chain analytics can convey the strategic nature and value of your department
  • How to develop your own set of analytical tools for your department or organization
  • How periodic disruptions in the supply chain can be met with a calmed, well thought out contingency plan
  • The signs and signals within the marketplace and have proven actions in place to mitigate and maintain the operational flow of the company.

Course Outline

  1. Understand the key terminology and what you are asking for — Learn key terms and definitions, the origin of big data within and outside a company, the value which can be gained from having big data solutions derived through SCM analytics, how we can make use of big data in today’s marketplace
  2. Get an overall perspective of big data, find those hidden jewels which have been available but out of reach for a long time, see how other organizations employ big data for increased profitability and gain, hoe employing such applications and models can advance you supply chain value to customers and managers, see how CAPS utilizes big data and analytics for its world renown benchmark studies
  3. Find out how to overcome both resistance and specific roadblocks which can sidetrack a program, learn the inside detractors and outside barrier can detract from big data gains, learn how to extract, convert and apply big data into SCM analytics, how to keep from losing you data
  4. Identify the six cornerstones for success in big data applications, understand the ways this can support Competitive Intelligence (CI), what big data can convey top marketing dynamics, competitive profiles, catalog and shelf space allocations, price targeting and other critical applications, how big data can support value-driven applications in sales, marketing, supply chain, logistics to even risk management
  5. See how big data can enhance and support purchasing/SCM, value can be derived in sourcing alternatives, financial risk assessment, generating supplier profiles, sourcing channel options, integrating suppliers toward strategic goals, supplier negotiations, contract evaluations and risk plateaus. How much big data is adequate, or not enough, specific risks associated with SCM: competition, marketplace instability, competitive analysis, determination of buying strategies, global analysis, supply chain disruptions, product/materials shortages, force majeure
  6. How to begin a program in house, start with baby steps, build on the success of others and learn by the failure of others, no application is a cookie-cutter, overlay the strategic initiatives of the organization, follow step by step success driven criteria







more details >>
(link to Education Center web page)



Other editions of this course
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At this time there are no other editions available


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