Remove Internet of things Remove Logistics Remove Procurement Remove Sourcing
article thumbnail

15 Improvements by the Deployment of The Internet of Things in the Supply Chain

GlobalTranz

The list of relevant applications of the Internet of Things (IoT) era technology across multiple industries and market segments continues to grow. Current and future applications have the potential to provide new methods of value creation and sources of revenue streams for companies in the digital age. equipment uptime.

article thumbnail

The Evolving Role of Strategic Leadership in Procurement – Part 2: What are COOs and supply chain managers up to and how can procurement add value?

Jaggaer

Direct) procurement needs to be on top of this because the COO’s decisions could easily change the volume and destination of what you buy, and who you buy it from. New skills in demand Moreover, now that sensors, the internet of things and artificial intelligence have become the norm, the skills needed in procurement have radically changed.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Powers Artificial Intelligence (AI)? A Guide to Procurement!

Supply Chain Game Changer

Artificial Intelligence is an increasing part of our everyday lives, powering our smart phones and the internet of things. But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. For many people in Procurement, the language used in data science can be confusing.

article thumbnail

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

GlobalTranz

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus. The State of Supply Chain 2016 Trends.

article thumbnail

It’s All About the Logistics

Enterra Insights

Sun Tzu, the famous Chinese general, military strategist, writer, and philosopher who lived in the 6th century BC, wrote, “The line between disorder and order lies in logistics.” He was hired as a purchasing agent and was directed to obtain some procurement training at a local certificate mill.[1]

article thumbnail

HWI Unleashes Continuous Innovation

Logistics Viewpoints

Run” will include using the platform for inventory optimization and to support interesting internet-of-things (IoT) and artificial intelligence (AI) projects. They also have 20 sourcing locations across North America from which they can ship make to stock products. HWI employed a crawl-walk-run methodology.

article thumbnail

Using data and AI to improve manufacturing

SYSPRO Smarter ERP

Key enablers of AI that are now economically viable to use are: smart sensors; the Internet of Things which can manage a large amount of data from all aspects of production; cloud computing which enables internet connections to store, access, and process data. This also improves asset reliability and lifetime.