The Datapred blog

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

A digital twin for raw material procurement?

on Jul 5, 2021 10:20:00 AM By | Datapred | 0 Comments | procurement raw materials digital twin
"Digital twins" have been all the rage over the past three years - reaching Gartner's peak of inflated expectations in 2018.
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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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Staying ahead of procurement change

on Dec 11, 2020 5:00:50 PM By | Datapred | 0 Comments | machine learning procurement raw materials direct materials technology
It’s getting harder for even the most experienced direct procurement teams to buy with confidence. Traditional ERP and BI systems can’t keep pace with the demands of modern procurement. Experts say digital technology will redefine the procurement function – enhancing human expertise, rather than replacing it.
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How raw material buyers can contribute to emission reduction

"Sustainable Procurement" has become fashionable, 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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Covid-19 and raw materials - The many shapes of instability

on Apr 27, 2020 11:15:00 AM By | Datapred | 0 Comments | predictive analysis procurement raw materials financial markets energy
The Covid-19 crisis is having a violent impact on energy and raw material markets. But the traditional concept of price volatility doesn't capture the many aspects of that instability, and is actually misleading in some cases. Chief Procurement Officers need finer insights to optimize buying decisions in the post Covid-19 world.
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Datapred raises Series A from JOIN Capital

on Apr 2, 2020 1:09:41 PM By | Datapred | 0 Comments | machine learning streaming data procurement raw materials energy datapred
Investment underlines the trend for deep tech applied to core industrial processes.  
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Datapred named a Cool Vendor in Sourcing & Procurement Applications

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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