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Making Procurement Autonomous: Embracing the Future in the Present

Jaggaer

Even long-time escapes like sports have become playgrounds for IoT fitness devices and big data statistical analysis. The good and bad news is that autonomous procurement isn’t here yet. There are four main steps to autonomous procurement. There are four main steps to autonomous procurement.

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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

Importance of Supply Chain Analytics Five Types of Supply Chain Analytics Benefits of Supply Chain Analytics Challenges in Implementing Supply Chain Analytics Supply Chain Analytics System Architecture Role of Big Data What is Supply Chain Analytics? It is an essential element of supply chain management.

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Visibility: If Only I Could See

Supply Chain Shaman

This team was working on quality improvements and found that the flows crossed 117 disconnected documents in access, excel, and google analytics. These sources while functional are difficult to connect. In my experience, usually only 1/3 of data needed for visibility is transactional data. What Is Data Portability?

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The Reality of Automation in Procurement!

Supply Chain Game Changer

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

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Blockchain for Bill of Lading – A Much Needed Update to the Traditional Bill of Lading for E-Commerce?

GlobalTranz

Challenges in Using Blockchain in E-Commerce The difficulties of blockchain depend on the source questioned. Automated payment processing will reduce instances of payment fraud, prevent documentation issues, and increase the accuracy and validity of all transactions, asserts Abhishek Raval of Express Computer. Download Here.

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Can Technology Improve Contract Renewal Processes? Paper 4 in the Series on Contract Management

NC State SCRC

Lots to think about here… and also a great precursor to our upcoming SCRC meeting on the interaction between marketing and procurement. Contract management is a key stage within the strategic sourcing process. Another inclusive technological option for contract management is a document management system.

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Reverse Supply Chains: Best Practices for Better Asset Recovery

GlobalTranz

However, technology can be used to turn what seemed as losses into standby sources of revenue. Such tools, like the Cerasis Reverse Logistics product , which is newly released, allow an employee to procure and dispose of surplus product from more than one location. All of it is created within the technology. Monitoring Your Success.