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7 Essential Procurement Processes & How They Work

Unleashed

The procurement processes you implement directly impact how efficiently the business operates. Conversely, the consequences can be disastrous if procurement lacks the right structure or planning. What is a procurement process? Strategy is extremely important in the procurement process. Let’s dive right in.

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Organizational Alignment: Overlooked, but So Important.

Supply Chain Shaman

In my research, I find that the lack of alignment has a direct impact to value (operating margin and market price to book value). The financial teams, and the Information Technology (IT) groups, did not see alignment gaps, but the supply chain teams felt them and viewed them as a critical performance issue. Functional Metrics.

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Should We Celebrate this Marriage?

Supply Chain Shaman

in to transportation management to drive routing information and booking optimization). The software planning footprints are reminiscent of the work done in the 1990s when we struggled with insufficient memory using 32-bit hardware. The groups of supply planning, procurement and logistics operate within silos.

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AI This. Not So Fast.

Supply Chain Shaman

I am also developing a framework for my new book. ” Or, “If you need an answer, implement my solution.” Future growth is dependent on selling the current solution, but the existing convention/platform, as shown in Figure 3, is not the right model for today’s supply chain. Stay tuned. The problem?

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Monetizing Analytics Features: Why Data Visualizations Will Never Be Enough

Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics.

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Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

A digital workforce weaves together disconnected automation tools – Robotic Process Automation (RPA), AI, and machine learning – to think, act and analyse the way a human worker would, and work alongside humans. Procurement. Purchase Order Management. Price Lookup and Comparison.

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Cogniture Procurement Technologies will Change Your World

NC State SCRC

Artificial intelligence is growing rapidly across many organizational applications, and nowhere is this impact greater than in procurement. Given the recent rapid inflationary pressure and the challenges of significant material shortages in 2022, there is growing pressure on procurement to continue to deliver value, as never before.