CAPS News-07 August 2024

A Roadmap for Implementing Advanced Analytics 

The right combinations of talent, tools, and process are critical for the success of any advanced analytics project. This summary presents a 4-step roadmap for the successful adoption and implementation of advanced analytics in supply chain with an overview of the ideal talent requirements for the data analytics team. 

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Leverage Advanced Analytics in the COE

The primary activities for 37% of organization’s supply management Center of Excellence involved advanced analytics, including cost modeling and should-cost analysis, prescriptive analytics, and budget and finance modeling. 

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Procurement Applications in Advanced Analytics

Gain a high-level understanding of 5 advanced analytics tasks and explore examples of how organizations implement procurement applications in this one-page summary.

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Advanced Analytics in COEs

Find insights and lessons learned from organizations who have implemented advanced analytics with their supply management COE in the research report Best Practices in Forming Centers of Excellence. 

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Healthcare Supply Chain Hall of Fame

The Bellwether League Foundation has named Eugene S. Schneller, Ph.D., Co-Interim Director of CAPS, as one of their 2024 honorees for the Healthcare Supply Chain Leadership Hall of Fame.

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