Analytics
The WSJ Drucker Management 250 List: NC State’s Input into the Ratings
Every year about this time, the Wall Street Journal reveals its list of the Management Top 250 firms, which lists America’s Best-Run Companies. The announcement, which appeared in today’s WSJ, identifies some of the top companies, with Amazon ranked at […]
FDA Warns of Significant Drug Shortages – What Gives?
In a recent report, the FDA has warned of significant drug shortages in the U.S. These shortages are affecting approximately 130 drugs that are commonly used in the treatment of medical conditions or used in surgical procedures. The report titled […]
Lead Logistics Provider Capabilities Will Require Customized Innovation
With the onset of cloud computing, automation, and machine learning, organizations are integrating their global supply chains, and finding themselves with more transactional data than they could have ever imagined. The question of how to convert this data to strategic […]
The expanding scope of procurement analytics: Some initial thoughts
Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019). […]
Is Blockchain Living up to Its Promise? Thoughts on How Companies Need to Begin Exploring Blockchain
A recent Gartner survey predicted that by 2023, 90% of blockchain-based supply chain initiatives will slow down. These results may sound like the thud of falling bricks in terms of the expectations and hype that has been surrounding blockchain in […]
KraftHeinz Procurement Bends to 3G Capital’s Policies: How’s it Working Out for You?
Several stories came out this week, related to KraftHeinz’s share price, its procurement department, and the fate of its parent company, 3G Capital. First, Fortune reported that the stock price of Kraft Heinz plunged 20% late Thursday after the food giant disclosed […]
Hospitals Suffer from a Lack of Market Transparency: New Evidence from a Research Project with SCWorx
Healthcare in the United States of America is a USD $3.2 Trillion industry, yet is often described by experts as a “cottage industry” due to the lack of maturity surrounding its contract management and supply chain practices. Research suggests that […]
IBM Watson Intelligent Supply Chain Workshop Brings Executives Together to Share Thoughts on Deployment
On January 29th, the NC State Supply Chain Resource Cooperative held a one-day workshop, bringing together executives representing a number of industries, including Lenovo, UPS, Duke Energy, Toshiba, Caterpillar, YUM Brands, American Red Cross, MetLife, and IBM, to compare notes […]
Siemens BT: Every analytical transformation requires a “Jonah Hill”
One of our newest SCRC partners, Siemens Building Technologies, recently shared their insights on creating an analytics strategy. This effort was led by the Chief Procurement Officer for Siemens BT, Carl Oberland, but has recently been rolled out across the […]
Using DRG Analytics to Drive TCO: The Holy Grail in Healthcare Analytics
Hospitals are bleeding money. After a period in the 1980’s where the AMA was dictating prices they could charge, Medicare regulation, Part B, and introduction of bundled payments has now severely restricted the payments coming in to cover operations. The […]