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AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

Unlike traditional tools that often operate in isolation or rely on rigid workflows, AI connects the dots between disparate data sources, providing a more comprehensive view of procurement activities. AI in procurement use cases : Analyzing data from multiple sources to predict demand trends with greater accuracy.

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Let’s Embrace New Ways of Working

Supply Chain Shaman

In the workshop, we talked at length about the use of sentiment analysis to sense quality issues, market opportunities and new product launch acceptance. I find twitter an accurate source of data. Lora wrote the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.

Iceland 343
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Agile Strategic Sourcing for a Resilient Supply Chain

The Logistics & Supply Chain Management Society

Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.

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Trying to Throw A Light On Supply Chain Excellence

Supply Chain Shaman

The commercial model of the company is to make money through speaking, research studies for others, facilitated workshops, benchmarking, training and events. I need a source of supply chain insights that is current.” We invest in research and give it away freely. People scratch their heads… We are mavericks.

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World Entrepreneurs’ Day 2024

Enterra Insights

Source: Entrepreneurship Database Meunier and his colleagues also report that global economies experienced a rebound in new business registrations in 2021. In the book, they discuss the Theory of Jobs to Be Done. There are many reasons that people attend conferences and workshops. Low-income economies had only 0.4

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The Missing Bookmark: Customer Experience vs. Expectations

Talking Logistics

I moderated several workshops and a fireside chat with the attendees. Source: [link]. In one of the workshops, the participants (representing various business units and vertical industries) discussed the following questions: If you had to compete on delivering the best customer experience, what would that entail?

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Preparing to Run Supply Chains at the End of the Second Global Economy

Supply Chain Shaman

In 2001, China joined the World Trade Organization, increasing access to China as both a channel and a supply source. Consider the investment in outside-in planning processes using market data and orchestrating source, make, and deliver based on a holistic design process. – The Myopic Focus on Cost Reduces Effectiveness.