Remove Benchmarking Remove Currency Remove Procurement Remove Supply Chain Software
article thumbnail

The Evolving Landscape of Artificial Intelligence (AI) in Supply Chains & Logistics

ThroughPut

AI in the supply chain is here to stay and make waves in the years to come. According to Gartner, supply chain organizations expect the level of machine automation in their supply chain processes to double in the next five years. AI in Supply Chains – The Business Advantages.

article thumbnail

What Is Spend Analysis?

EC Sourcing Group

The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. is vital to procurement and the supply chain. We’ll also cover why choosing the right spend analysis software is critical to success. In-house software.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Spend Analysis: Best Practices

Precoro

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

article thumbnail

Delivering Strategic Transformation Through Supplier Experience

HICX Solutions

The pandemic has put supply chain resilience firmly at the top of the agenda. Procurement teams have been using segmentation, such as the Kraljic Matrix , to make decisions about which strategies to use for many years – and this is essentially a resource allocation exercise,” he concludes. A supplier experience approach.