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Building Effective Procurement and Supply Chains Using Data Analysis

Learn to better understand how interpreting big data can affect your organization's risk and transparency.

Many procurement and supply chain professionals do not understand Big Data and how the quantity, velocity and speed at which data is available can transform procurement and supply chain management through better accuracy, clarity, and insights that lead to shared intelligence across supply chains. This topic will focus on the use of Big Data to build effective procurement processes supply chains. This information is critical for organizations that seek value and resiliency by gaining an understanding of key megatrends, analytical risk analysis, procurement automation and the movement towards supply chain integration and transparency.

Runtime: 85 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Megatrends for Procurement and Supply Chain 2020

  • Forward Look at Drive for Integrated Supply Chains
  • Changes in Demographics Affecting the Procurement and Supply Chain Industry
  • Impact of the Iot and Procurement and Supply Chain Automation

Scale, Scope and Velocity of Data Being Generated by Supply Chains

  • Data Analysis for Contextual Intelligence and Automation
  • Enablement of Supplier Networks
  • Enablement of Knowledge Sharing
  • Srm and Supplier Collaboration

Risk Management

  • Constructing a Predictive Supplier Risk Management Model
  • Financial Analysis for Risk
  • Building Supply Chain Risk Mitigation Models

Establishing Models or Chain of Custody Tracking of the Supply Chain

  • Building the Analytics to Drive Product Safety
  • Building the Infrastructure to Support Chain of Custody
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on February 17, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Bill Michels

Bill Michels

Aripart Consulting

William L. Michels, CPSM, C.P.M., MCIPS

  • CEO of Aripart Consulting
  • Practice emphasizes all aspects of procurement and supply chain
  • Conducts regular talks, seminars and workshops on change management, procurement and supply chain topics
  • Wrote many articles, blogs and podcasts on procurement and supply chain topics and co-wrote, Transform your Supply Chain: Releasing Value in Business
  • Member of the Institute for Supply Management (ISM) and Chartered Institute of Procurement and Supply (CIPS)
  • B.S.B.A. degree, Rochester Institute of Technology; M.B.A. degree, Baldwin Wallace University; and CPSM, C.P.M. and MCIPS certifications
  • Can be contacted at 480-427-2221 or [email protected] or @Sourcingguy
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 397066
Published 2016
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