In a networked high-tech supply chain we want to simplify information sharing. So that parties can provide each other with orders, shipments and 3D drawings efficiently and effectively. In fieldlab the Smart Connected Supplier Network Tradecloud, and many others, develop, test and implement new standards for information sharing based on semantic technology, thereby ensuring optimal interoperability between parties.
To make rapid decisions in today’s fast-acting environment, we need smart, time-saving, easy to interpret and most importantly decision-supporting key performance indicators (or even better Actionable Insights).
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The Incoterms® rules have become an essential part of the daily language of trade. They have been incorporated in contracts for the sale of goods worldwide and provide rules and guidance to importers, exporters, lawyers, transporters, insurers and students of international trade.
A recent survey from the Lünendonk market researchers found that in Germany, the level of connectivity between suppliers and purchasers reaches between 5 and 50 percent, which shows typical characteristics of small and medium-sized enterprises.
The buyers & sellers on the Tradecloud platform have processed in the first half of 2017 the same amount of transactions as in whole year 2016. This means we are well underway to grow 200%-300% in 2017.
How can organizations leverage data as a strategic asset? Data comes at a high price. Businesses must pay for data collection and cleansing, hosting and maintenance, salaries of data engineers, data scientists and analysts, risk of breach and so on.
We are proud to announce that ERIKS has selected Tradecloud to potentially process all the purchase orders of the ERIKS group.
Soon we will publish more on this big milestone for our company.
Using geoanalytics based on big data to merge and optimize delivery networks. The Boston Consulting Group provides insights into how big data is being put to use in supply chain management in the article Making Big Data Work: Supply Chain Management (free, opt-in). One of the examples provided is how the merger of two delivery networks was orchestrated and optimized using geoanalytics. The following graphic is from the article. Combining geoanalytics and big data sets could drastically reduce cable TV tech wait times and driving up service accuracy, fixing one of the most well-known service challenges of companies in that business.
Big data and advanced analytics are being integrated into optimization tools, demand forecasting, integrated business planning and supplier collaboration & risk analytics at a quickening pace. These are the top four supply chain capabilities that Delotte found are currently in use form their recent study, Supply Chain Talent of the Future Findings from the 3rd Annual Supply Chain Survey (free, no opt-in). Control tower analytics and visualization are also on the roadmaps of supply chain teams currently running big data pilots.
Enabling more complex supplier networks that focus on knowledge sharing and collaboration as the value-add over just completing transactions. Big data is revolutionizing how supplier networks form, grow, proliferate into new markets and mature over time. Transactions aren’t the only goal, creating knowledge-sharing networks is, based on the insights gained from big data analytics. The following graphic from Business Ecosystems Come Of Age (Deloitte University Press) (free, no opt-in) illustrates the progression of supply chains from networks or webs, where knowledge sharing becomes a priority.