Use Cases of Data science in Manufacturing

In AI, Big Data, digital transformation, Machine learning, Uncategorized by VendorMach

Many data scientists expect that data is already cleaned, ready in the database for the sexy stuff –  visualization and predictive insights. They don’t realize that there are many steps to dealing with data – how to access it, which SQL database,  how should it be manipulated and is further cleaning necessary for processing.   Yet, according to a recent survey by Crowdflower published in Forbes, data scientists spend 80% of their time on cleaning and data preparation. 57% of them (data scientists) regard cleaning and organizing data as the least enjoyable part of their work. Data science use cases …

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Supplier Planning: It’s all about Big Data

In AI, Big Data, Machine learning by VendorMach

Over a fifth of 400 enterprise buyers blamed supplier failure for higher insurance premiums, damaged reputation and loss of customer trust according to a Tungsten report. The challenges faced by businesses include cyber fraud and siloed data which impact customer service, product quality and operations. Is it really all about the data? Yes. Data is growing faster than ever before and by the year 2020, about 1.7 megabytes of new information will be created every second for every human being on the planet. IDC estimates that unstructured content already accounts for a staggering 90 percent of all digital data, much …

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Supplier purchase order analytics in e-commerce

In AI, Big Data, KYC, Machine learning by VendorMach

Last week VendorMach had a busy couple of days exhibiting at CogX 2017. An AI forum drawing audiences from startups and corporates, it was a good mix of people, a vibrant atmosphere, and some of the best brands in tech. We had a number of stimulating conversations and continue to learn that supplier relationship management is a pain point across industries. Supplier purchase order analytics in retail e-commerce Retailers find themselves operating ever more complex supply chains. An online fashion retailer in particular prides themselves on top customer service and efficient delivery and return handling. This involves management of thousands of …

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Technology CFO’s and Reducing DSO

In Big Data, CFO, Machine learning by VendorMach

Among CFO’s there’s often talk about how to increase the efficiency of working capital in the organization. Is it by reducing DSO (Days Sales Outstanding), reducing DIO (Days Inventory Outstanding) or extending DPO (Days Payment Outstanding). Sounds like an acronym cocktail right? Basically, do I collect my own sales receipt faster, get inventory/deliverables out of the door faster or just pay my suppliers later. Conventionally, extending DPO ends up being the first route of increasing working cap, followed by chasing up on those receivables (DSO). It’s a lot easier to pay suppliers later than chase receivables and or think about …

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Why IoT Needs AI

In AI, Big Data, fintech, Machine learning, News by VendorMach

At one of my recent talks in New York about AI in the supply chain, one of the key questions that came up was “Are you talking about robots?” You see, AI has been romanticized into this abstract term that conjures images of walking robots doing your household chores while you just sit back and relax. But what does it really mean, and where did the term actually come from? Artificial intelligence encompasses the new paradigm of machine learning and big data processes that enable you to get predictive insights from a combination of historical amounts of preexisting data processes …

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VendorMach meets with Professor Ed Altman at NYU Stern

In AI, Big Data, Invoices, Machine learning, SMB, Trust Score by VendorMach

VendorMach met with Professor Altman at NYU Stern to get insights on the widely used industry Z Score model while discussing approaches to the VendorMach Trust Score. While the Z score is designed for public companies, (and our focus is private companies (and SMB’s)), particularly interesting is that considering the era when it was built, it remains a relevant reference point to understand. The Z score looks mostly at company fundamentals (balance sheet, P&L, cash flow statement, income statement), stock prices and then assigns a value in an attempt to predict bankruptcy. Fortunately, there’s millions of historical and timely data …

Selected To The UK Crown Digital Supplier Marketplace

In Big Data, Machine learning, News by VendorMach

We have been selected as a preferred supplier to the UK government digital marketplace under the digital outcomes and specialists framework. As part of the framework, we are offering data-driven performance management solutions which include data aggregation and machine learning training as it relates to your purchasing and finance departments. Here is more information about it and how we can help you if you are in the UK public sector. To learn more about us, please send us a note at service@vendormach.com or call us at +44 20 3290 3314