The Datapred blog

On machine learning, time series and how to use them.

The 12 time windows of Procurement

on Mar 10, 2021 2:01:52 PM By | Datapred | 0 Comments | time series decision management raw materials digital procurement time window
Buying raw materials means constantly juggling with multiple, overlapping time windows. It can prove a little confusing...
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8 ways machine learning can boost your buying process

Procurement teams are increasingly constrained by the limitations of traditional ERP & BI systems. Executives see a great deal of potential in advanced digital technologies like AI and machine learning. The right machine learning-led procurement solution can help industrial buyers to unlock 8 big benefits.
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How raw material buyers can contribute to emission reduction

"Sustainable Procurement" has become all the rage, focusing so far on tighter supplier selection and lengthier bills of materials - all good, but lacking a seamless connection to Operations.
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5 findings about contextual data and raw material price analysis

For obvious reasons, raw material price volatility has increased in 2020 - and we have been monitoring that closely. Datapred uses both price history and contextual data for raw material market analysis and price prediction, and as this year draws to a close, we would like to share five findings about the power of contextual data for understanding raw material prices.  
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Prediction and prescription - Continuous intelligence twins (Part 2/2)

For continuous intelligence applications, the relationship between prediction and prescription is richer than described in the classic framework of analytics capabilities:
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Prediction and prescription - Continuous intelligence twins (Part 1/2)

The framework of analytics capabilities - distinguishing between descriptive, predictive and prescriptive analytics - is well known:  
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The next big thing (in business intelligence)

It’s always fun to watch business consultants and IT companies search for the next buzzword - throwing candidates to the wall, hoping that one of them will stick and help them own the next big thing. (IBM is particularly adept at the game, rotating buzzwords every two years.)
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Datapred named a 2019 Cool Vendor in Sourcing & Procurement Applications by Gartner

Cool Vendor reports include vendors that are interesting, new, and innovative.
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Direct material procurement: beating the market is not the point

Datapred's machine learning software for direct material procurement helps companies save 3-5% off their commodity, energy and raw material costs year over year, through a unique combination of price predictions and constraint optimization.
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Custom loss functions - What they are and why you need them

Machine learning models often disappoint in production for a simple reason - they have the wrong target.
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