Tapping into the ‘big data’ that can help Greek supply chains to be more agile

Supply chain platform provider GT Nexus has begun tapping into the big data that has accumulated in its system to help shippers, carriers and forwarders provide “assurance of supply”.

In an interview prompted by the possibility of a Greek exit from the Eurozone, GT Nexus’s EMEA director of marketing, Boris Felgendreher, said the Greek crisis bore all the hallmarks of major disruption – the sort that shows the limitations of supply chain planning.

“This sort of situation puts a premium on being agile, in respect of companies being able to move from one sourcing location to another, and that is always difficult. This particular disruption has an added element in that it is financial,” he said, alluding to the fears of a ‘Grexit’ and the problems Greek companies have with making and receiving payments.

And although Greece itself has accepted the terms of its bailout, a number of Eurozone countries have still to ratify the deal, meaning the threat of a Greek exit persists.

However, Mr Felgendreher explained that a recent development by GT Nexus could offer firms a way to circumvent these issues through a “fusion of the physical and financial supply chains”, following an agreement between the platform developer and trade finance solutions provider SeaburyTFX.

SeaburyTFX has developed a funding programme that leverages big data on the GT Nexus platform to deliver suppliers access to low-cost capital. The programme opens the flow of capital into the supply chain to reduce costs and risk by basing funding decisions on the trading partners’ performance history, instead of the buyer’s or supplier’s credit.

Read more at Tapping into the ‘big data’ that can help Greek supply chains to be more agile

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New Business Performance Management Solution from InsightSoftware.com Offers One System for Optimal Visibility

New Business Performance Management Solution from InsightSoftware.com Offers One System for Optimal Visibility

InsightSoftware.com, a leading provider of reporting, budgeting and reconciliation solutions for Oracle E-Business Suite and JD Edwards, today unveiled three new products designed to empower business users with the information they need to directly impact business performance, while also helping them realize a new level of value from their existing enterprise software systems. The products, announced today at COLLABORATE 2014, include two new additions to the award-winning InsightUnlimited product suite – InsightUnlimited Planning and InsightUnlimited Reporting for PeopleSoft – and a new business performance management solution called Hubble.

“New technology does not always equal business gain. Our goal with these new solutions is to help users gain a new level of value, not only from the data in their ERP, but also from their existing software solutions,” said Paul Yarwood, General Manager for InsightSoftware.com. “Data and technology is meant to empower – not slow you down. Hubble and our expanded InsightUnlimited solutions empower users with their information and their software so they can do their jobs better and directly impact business performance.”

With Hubble’s complete visibility, users can collaborate across multiple departments and through various levels of detail. Hubble also allows users to:

  1. Connect finance data from multiple sources into a single consolidated view;
  2. Easily search for metrics, discussions, workspaces and even people;
  3. Create an intuitive layer of organization, without the burden of traditional file structures, using innovative tagging capabilities;
  4. Share data with people inside and outside the organization without having to worry about permissions and privileges; and
  5. Make data powerful with infographic-style metrics that define goals and highlight important corporate milestones.

Thank you for reading, feel free to leave a comment if you have any opinions or send us a message.

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50 Open Source Replacements for Really Expensive Software

50 Open Source Replacements for Really Expensive Software

The “Great Recession” has businesses and consumers alike looking for ways to cut costs. That includes looking for cheaper alternatives to expensive software.

  1. Accounting: TurboCASH, Phreebooks 
  2. Business Intelligence: Jaspersoft, Pentaho, Palo BI Suite, JMagallanes, OpenReports
  3. Business Process Management: ProcessMaker 
  4. CAD: BRL-CAD, Archimedes
  5. Customer Relationship Management: Sugar Community Edition
  6. Database: MySQL, Firebird, Kexi 
  7. Desktop Publishing: Scribus
  8. E-mail/Collaboration/Groupware:  Zimbra
  9. Enterprise Resource Planning (ERP): OpenERP, Openbravo, ADempiere
  10. Gateway Security Appliances: Endian Firewall Community, Untangle
  11. Graphics/Drawing: Dia, Gimp, Inkscape, Paint.Net
  12. Office Productivity: OpenOffice.org, KOffice, NeoOffice, Oracle OpenOffice  
  13. Operating System: Red Hat, SUSE, Ubuntu, Debian 
  14. PDF Tools: PDFCreator
  15. Point of Sale: Openbravo POS, Lemon POS
  16. Project Management: OpenProj, GanttProject
  17. Speech Recognition: Simon 
  18. Video Tools: Blender, Cinelerra, OpenShot Video Editor, Kdenlive, CineFX, Avidemux
  19. Web Application Tools:  Open BlueDragon
  20. Web Site Authoring: Kompozer, NVU, Bluefish, SeaMonkey

If you have any question or opinion, feel free to send us a messageor leave your comments below

Reference: 50 Open Source Replacements for Really Expensive Software

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Supply Chain, Risk, and BI Management

Supply Chain, Risk, and BI Management

Greetings:

In response to colleagues request and market demand for SCM, BI, and Risk, I am initiating a lecture (posting) series under the title of:

“Risk, and Business Intelligence in the context of Supply and Demand Chain Management.”

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