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Demand Forecasting Software: Demystifying AI

Logility

Fortunately, with the advent of artificial intelligence (AI), demand forecasting software has undergone a significant transformation. Smart Data Analysis: AI algorithms excel at handling large amounts of data , such as sales history, market trends, and customer behavior.

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.

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Coupa Leverages Community Intelligence to Power AI

Logistics Viewpoints

Coupa is a supplier of spend management solutions. She knew the company was innovative; after all, Coupa created a new software enterprise category: business spend management. Coupa also has a supply chain collaboration solution that runs on the platform. This solution provides for purchase order collaboration.

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Trends 2022: Automation

Enterra Insights

The current labor shortage has shone a spotlight on automation as organizations struggle to find ways to increase production without having to rely on hiring more humans. Hyperautomation has been defined as automating everything that can be automated. Automation Trends. ” Robotic Process Automation.

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10 Key Steps to Take Before Implementing Procurement Software

ProcurePort

As businesses strive to create leaner, more efficient operations, procurement software has emerged as a critical tool in this endeavor. This technology streamlines supply chain management, makes purchasing more transparent, and promotes more strategic decision-making.

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Implementing Last-mile Delivery Technology

Logistics Viewpoints

Technology for All In a retail era dominated by e-commerce giants, customer expectations have shifted towards instant product delivery at no cost. To meet these demands and ensure superior delivery experiences, retailers and carriers must leverage last-mile delivery technology.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.