Remove Data Management Remove Procurement Analytics Remove Sourcing Remove Supply Chain
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Why a Modern BI Platform is Needed for Predictive Analytics

Silvon Software

In an era where data is the new oil, businesses are constantly seeking innovative ways to extract valuable insights from their vast data reservoirs. Predictive Analytics has emerged as a pivotal tool in this quest, offering unprecedented foresight into market trends, consumer behavior, and operational efficiencies.

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Where to Start if You’re New to Procurement Sourcing Solutions

EC Sourcing Group

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Procurement Sourcing Solutions : What Is Procurement Management?

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Demand Sensing (and Other Secret Ingredients) for Food and Beverage Supply Chain Success

Logility

For example, an F&B business that supplies perishable goods knows that these goods have a limited shelf life and therefore must accurately project how much to purchase at once. If the business purchases too much, it risks overstocking goods that cannot be sold after they exceed their shelf life. Supply chain data management.

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The expanding scope of procurement analytics: Some initial thoughts

NC State SCRC

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019).

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7 Tips: A Guide to Mastering Procurement

Material Handling & Logistics

Change can be a good thing, particularly when it comes to getting a better handle on your supply chain spend. However, it is fundamental to empowering procurement success in the modern age. Automation is focusing on risk management, driving innovation, improving cash and increasing revenue. Digitization is Your Friend.

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How manufacturers can adopt a sustainable supply chain

SYSPRO Smarter ERP

Due to increasing pressure from various stakeholders, many companies are turning their focus to ensuring that their supply chains are sustainable. What is a sustainable supply chain? A recent report by the IDC noted some benefits of these programs.

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Unlocking Efficiency with AI in Business Process Automation

Elementum

These tasks range from simple data entry activities to more intricate operations like managing the supply chain. This integration allows for the automation of straightforward tasks, freeing up resources for more complex processes that require AI’s predictive capabilities and decision-making.