Kudos to the authors for pulling together such a comprehensive guidebook for the industry. Access to timely, accurate and actionable supply chain intelligence is a huge strategic advantage. Sma the supply market analysis framework for analysing supply. Sutimco international inc announces its first acquisition for 2015. The leaders excel at engaging key stakeholders in the smi process and then disseminating the information in a way that leads to better business decisions. In an increasingly competitive market where small interventions can become key drivers to increasing market share, the time to act is now. Supplier market intelligence for sourcing smart by gep.
Various areas of supply chain management rely on different types of information inputs. What is market intelligence, and is it relevant to. Supplier market intelligence for sourcing in gep smart, your supplier database and your sourcing database are one and the same. Market intelligence market intelligence is a term currently experiencing rapid growth and broader acceptance within professional supply chain management organizations. Provides procurement professionals with the process, skills, and resources to develop a supply market intelligence program that will deliver value to the whole. In a supply chain management context, market intelligence can be defined as the process of gathering and analyzing. If youre looking for a free download links of supply market intelligence for procurement professionals. Supply market intelligence,procurement market intelligence. Supply market analysis for a competitive advantage. Turns out supply market intelligence was very near the top of the list as a competency that was not only working well, but also a focus area for. Turns out supply market intelligence was very near the top of the list as a competency that was not only working well, but also a focus area for the following year. Accenture study 2006, how top managers perceive business issues. Pdf organizational structure and application of supply.
Business and supply market intelligence units to supply the types of information that can drive supply chain efficiencies and sourcing team effectiveness to the bottom line. A new white paper from procurement leaders, combat risk with supply market intelligence, demonstrates how global enterprises can better use information to mitigate hitherto risks, with a more factdriven, more proactive approach to supply risk. Supply market intelligence smi, procurement intelligence, sourcing intelligence, or simply put market intelligence mi is one of the most critical inputs for the sourcing process. Supply market analysis is a technique which enables a contracting authority to. Millions of purchase orders, invoices, bills of lading and records are processed every year. We offer category intelligence, rfp tools and custom procurement research services. Not having it exposes firms to sizeable sourcingrelated risk. Market intelligence the missing piece of the puzzle the market intelligence service offerings can enable scm professionals to have better information, and therefore offer quicker and more effective strategic decisionmaking market intelligence professionals are trained to conduct research, perform primary research interviews, offer. Challenges facing supply chain management in the oil. Supply market analysis is a technique which enables a contracting authority to understand how a market works, the direction in which a market is heading, the competitiveness of a market, the key suppliers and the value that suppliers place on the contracting authority as a customer. The opportunities of big data analytics in supply market. At its core, market intelligence uses multiple sources of information to create a broad picture of the companys existing market, customers, problems, competition, and growth potential for. The following websites offer adobe pdf formats of current and past acts of parliament.
This volume is intended for supply chain executives who struggle with the challenges of an uncertain su. Supply market intelligence scm supply chain resource. Supply market intelligence for procurement professionals wav update. Realtime, innovation, cognitive, blockchain, industryacademic partnerships, and taking a stand. Often, a lack of guidance on how to structure such an analysis and to conduct the research processes poses additional. The intent of this study is to explore the concept of supply market intelligence smi, and how it can be extended to business decisionmaking beyond supply.
Many companies overlook the importance of market intelligence as a key component of strategic sourcing and others dont know where to start. Spendedge is among the best procurement market intelligence companies that specializes in offering supply market intelligence, category management, spend analysis and supply chain risk management services. Find their customers, contact information, and details on 62 shipments. Sutimco international inc announces its first acquisition. It begins with the collection and analysis of market databut doesnt stop there. Kate vitasek, author, faculty, graduate and executive education, university of tennessee. Legos in market, for market approach where manufacturing is located close to larger demand centers has cut its exposure to globalized supply chain risks, though it will still lose sales in asia. Understanding supply markets and competition supply market analysis assists procurement planning and ongoing management of supply arrangements by identifying structure of the market, behaviours, supply chain, barriers to market entry, environmental factors, ethical considerations, the buyers value in the market queensland government. Best in class organizations have embedded supply market intelligence as an integral part of their sourcing process to reduce risk and enhance savings. This volume is intended for supply chain executives who struggle with the challenges of an uncertain supply market environment and whose supply chain. This paper discusses the role of market intelligence in supply chain management strategy. September 2014 published by european centre for research training and development uk.
To do this efficiently, repeatable processes like these are increasingly automated. To develop worldclass market intelligence, procurement organizations should aspire to develop depth in each of the four major categories of market intelligence see figure 1. With our geographic penetration and domain expertise, we provide effective supply market intelligence solutions that help clients obtain accurate realtime insights, right from evaluating and determining appropriate supply markets to. I had an opportunity to work on a number of exciting projects this past year, and in the process, spent a lot of time talking about digital supply. Supply market information broadly focuses on understanding the overall supply market and its key. Market analysis market analysis enables procurement to understand how the supply market works, the direction in which the market is going, the competitiveness and the key suppliers within the market. The senior executives comment in this opening chapter provides insights into a critical need that is lacking in many organizations competitive tool set today. The authors clearly have done their homework and have pulled together the. Read on to know how a robust and effective smi strategy can be a competitive advantage for procurement organizations. Supply chain problems have significant impact across the rest of the. What is market intelligence and how can it help with yo. Moving supply management from the tactical to strategic approach. Wcwss supply interventions by yield and implementation year 19 table 3 illustrative industrial reuse.
Supply market intelligence for procurement professionals is an essential tool for every sourcing professionals toolkit. Procurementiq is a market intelligence partner providing a comprehensive range of products and services that meet the specific needs of procurement departments and their clients. When you look at a supplier record, you can see all your past sourcing activity with the supplier. How connecting the supply chain improves business performance. Research, process, and resources pdf, epub, docx and torrent then this site is not for you. To make the best decisions possible without falling behind, procurement must ensure it has access to and effectively uses supply market intelligence. Mapping the global supply chain with panjiva shipping data in xpressfeed while financial data tells us how a. White paper how connecting the supply chain improves business performance innovate the supply chain, improve the business read the paper for many companies, supply chain performance affects 100 percent of company revenue but only part of the income statement. The handbook of market intelligence provides a one stop shop, stepbystep roadmap for establishing, conducting and further developing corporate intelligence programs within an organisation and then shows how organisations can turn market data into actionable insights. We enable this by analysing the right mix of the best data, the best research. A managerial handbook for developing sourcing strategies begins by defining present market intelligence and discussing options, the establishment of a enterprise employees, and conducting an inside business intelligence analysis. To effectively represent and communicate the market conditions, the procurement function may employ a number of different data representation tools to portray. Collecting the data is just the first part of the research and analysis job.
Pdf on jan 1, 2014, robert handfield and others published organizational structure and application of supply market intelligence find, read and cite all the research you need on researchgate. Supply market intelligence a success factor for the new. A managerial handbook for building sourcing strategies charts the course to success for executives who are seeking to lead their organizations to supply chain maturity. Procurementiq category and market intelligence for. Before conducting supply market analysis a research plan should be. Being sourcing specialists ourselves, gep understands the importance of having the right market intelligence at the right time. Pdf organizational structure and application of supply market. For example, japanese manufacturer canon uses this location as its hub to supply 45 markets in the africa and middle east region. Supply market intelligence for procurement professionals gep. Supply market intelligence smi is a proven approach to reducing risk and gaining a competitive advantage. With our geographic penetration and domain expertise, we provide effective supply market intelligence solutions that help clients obtain accurate realtime insights, right from evaluating and determining appropriate supply markets to conducting indepth analysis and profiling suppliers. Market intelligence is the process of gathering and analyzing information relevant to a companys supply markets specifically for the purpose of supporting accurate and confident decision making in the procurement process, explains david hargraves, the director of strategic sourcing for a leading healthcare organization. Contracting authorities should conduct research and analysis at the same time.
Chapter 10 industry and market research market research onestop shops page 4 market update to include profound. Supply market intelligence for professionals research. Pdf the intent of this study is to explore the concept of supply market intelligence smi, and how it can be extended to business. Mike woodward uk automotive industry lead big data and analytics in. The findings show that challenges facing supply chain management in the oil marketing companies in kenya occur in one or more of the supply. Tools for supply market analysis blc 30405 procurement. The results of this analysis can help the buyer to improve and shape the strategy and tendering process and align their behaviour in order achieve. Market intelligence mi offers insights into what is happening, presently and in the future, in an indus try, sector, market, niche, cluster, company, and so on. Competitive moves in the industry porter, technology changes christiansen, or macro trends schwartz.
788 644 971 251 254 1422 302 1203 486 585 1188 1435 794 914 1304 42 687 245 1378 1340 982 1142 946 464 867 727 589 1324 960 492 915 461