How did SI miss this one in it’s two in-depth series on the future of procurement and it’s follow up future trends expose??? This anti-trend is as old as the internet! But let’s back up. Recently, the procurement dynamo published a piece on the digital transformation of procurement where he asked if it was a […]
Please remember what Aaron Levenstein, Business Professor at Baruch College, said about statistics: Statistics are like bikinis. What they reveal is suggestive, but what they conceal is vital. Why? Because a large number of predictive / forecasting / trending algorithms are statistics-based. While good statistics, with good sufficiently-sizeable data sets, can reach a very high, […]
As noted in our initial damnation post, trends are the foundation of forecasting, but they are also the foundation of disruption when they change unexpectedly. When it comes to Procurement, the relevant trends may be consumer demand trends, inventory trends, market trends, or any other trend that Supply Management believes will impact its operation. Trends […]
In yesterday’s post we said that Procurement is Doomed, Entombed, and Marooned and we meant it. No employee is going to send a paper request for authorization to Procurement to purchase a new phone when his dies, to authorize a laptop repair when his breaks, or to detail his need to purchase a few cases […]
Trends are the foundation of forecasting, but they are also the foundation of disruption when they change unexpectedly. When it comes to Procurement, the relevant trends may be consumer demand trends, inventory trends, market trends, or any other trend that Supply Management believes will impact its operation. Trends are damming because they are truly can’t […]