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Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.

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Insights from Elemica reveal 2014 Frankfurt

Talking Logistics

The German team overcame disappointments in 2006 and 2010 to win the World Cup this year, while favorites Spain (the defending champion) and Brazil (the host country) were humbled by the competition. BASF’s goals included: Automating the end-to-end Purchase-to-Pay process from purchase requisition to invoice.

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The introduction of E-Procurement.

ModusLink Corporation

The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017).

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GenAI vs Predictive AI: Understanding the Key Differences 

Jaggaer

In contrast to emerging technologies like generative AI, which are currently experiencing heightened expectations and scrutiny, predictive analytics has established itself as a reliable tool for forecasting and decision-making across various industries. Predictive AI helps, first, with equipment failure prediction.

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The Data Behind Amazon’s Logistics and Fulfillment Play

Freightos

Across twenty additional countries, Amazon’s other centers are predominantly focused on fulfillment and delivery stations while some countries, like Italy, the UK, Germany, France, Spain, Singapore, and Japan also have Prime delivery facilities. Let’s Talk About Boats, Ships, and Trucks.

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The Impending Ocean Carrier War on Last Mile Fulfillment

Freightos

On the horizontal carrier integration front, Maersk has doubled down on its extension from ocean consolidation (Hamburg Sud, 2017) to air cargo, increasing Maersk Air by 33% with three leased cargo planes and two new Boeing purchases. This isn’t just about purchasing power. Image via StarAir.dk). Behind the Maersk shift.

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Managing Outsourcing Risk: A New Framework for Banking and Beyond

Jaggaer

Outsourcing makes it possible to take advantage of economies of scale and is a form of easy access to new technologies and to tools and services not available in the institution itself. How Integrated Procurement Software Solutions Can Help Banks Get Compliant . However, it can also have serious drawbacks.