Big Data Content

FMC’s Total Cost of Ownership Equation: Safety, Quality, Delivery and Price

FMC Technologies’ four business drivers are: safety, quality, delivery and price. They use these to create a total cost of ownership model. With the deployment of a hybrid supplier performance management and spend analysis solution (Spend Radar – SciQuest), FMC Technologies’ initial challenge was centered on definitions (i.e., how to ensure that the same report would generate results that were equally robust and well-defined regardless of area of operations). If FMC Technologies could not achieve this, it would be impossible to benchmark across areas or have meaningful discussions with business owners and suppliers around why there were dips in performance in certain areas.

What Marketing Analytics Can Teach Us

Part 1 I recently had the chance to catch up with Ryder Daniels, founder and CEO of Capsaicin, a specialized analytics provider that develops targeted solutions […]

What Marketing Analytics Can Teach Us (Part 2) [Plus+]

Spend Matters PRO will soon publish our technology coverage taxonomy for the procurement landscape, something we’ve been hard at work creating (and debating) internally the past few weeks. In the broader area of analytics and spend/supplier information management, on a generalized basis (obviously layered with category specific nuances for marketing and other categories), we see combined capabilities coming together to help companies solve big data challenges.

What Marketing Analytics Can Teach Us (Part 1) [Plus+]

I recently had the chance to catch up with Ryder Daniels, founder and CEO of Capsaicin, a specialized analytics provider that develops targeted solutions for specific categories (and delivers them in a private label manner for clients who then resell them to some of the largest Global 2000 companies in the world). In insider circles (i.e., the agency world), Capsaicin is best known for its solutions to tackle complex marketing spend by creating new levels of awareness and performance management for CMOs, marketing teams, procurement and agencies of record (we’ll explore these capabilities later in our series).

Five Specialist Vendors You Must Talk to in 2013: Panjiva [Plus+]

To say we live in interesting procurement times is an understatement. For Fortune 500 and middle market organizations alike, global sourcing, supply base localization, supply risk management and regional supplier management are increasingly taking greater chunks of time away from core savings, value, and quality initiatives. Yet fighting skirmishes and larger battles on all of these fronts don’t necessarily have to be more difficult if we’re better informed about the world around us. Some may call this “big data” awareness. What big data represents to procurement is important to understand conceptually, but the ability to locate, analyze and act on increasingly distributed data sets is even more important.

The Meaning of Big Data for Procurement and Supply Chain: A Fundamental Information Shift

Spend Matters PRO readers are likely to be at least familiar on a cursory level with the term “Big Data.” Big Data has come to mean different things to different people (and groups) within companies. For IT organizations, Big Data often represents the confluence of different sources of internal systems information needed to make better and more rapid business decisions. But most important, for IT, Big Data, at least as they see it, is a technology problem that IT deserves the first crack at getting their arms around – and owning.