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Is Procurement Drowning in Data?

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Procurement drowning in data article and permission to publish here provided by Sam Jenks at kodiakrating.com. Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management. Is Procurement drowning in data? Subscribe Here!

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Artificial Intelligence: Procurement and Legal’s “New Frontier”

Proxima

And what for procurement teams? Procurement will need to understand all the ways that AI could transform how attorneys manage their work and what challenges AI could create for legal suppliers that need to be considered. In fact, it’s predicted that legal technology budgets will increase threefold by 2025. [1]

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Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement

Synovos

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

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How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Does procurement add to top line revenue.

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The Opportunity — and Challenges — for Digital Transformation in MENA

ivalua

These solutions also improve collaboration among organizations and suppliers, and enable procurement teams to leverage data analytics to optimize contract negotiations, payments, buying patterns and more. However, MENA countries face unique obstacles as they seize the opportunity to adopt new procurement technologies.

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Driving Sustainable Supply Chain Change

The Logistics & Supply Chain Management Society

By 2025, to improve long-term supply chain profitability, 60% of manufacturers in global supply chains will invest in software tools to support sustainability and circular economy business models.”. A procurement professional I recently spoke to said “it’s coming at us thick and fast, so we’ve got to be ready for it.”

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What Is Planning?

Supply Chain Shaman

Descriptive analytics. Prescriptive analytics. In parallel, companies seeking a path forward are being deluged by “schema on read” technologies, cognitive computing, prescriptive analytics and machine learning which is largely making the traditional planning world obsolete. Machine learning. Collaborative workflow.