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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. Doing so safely requires having access to the right data, and the tools and technologies to act on it. Balancing New Priorities Makes Procurement More Valuable. But cost reduction is no longer sufficient.

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Why is o9 Solutions Growing So Fast?

Logistics Viewpoints

Chakri Gottemukkala, CEO at Supply Chain Planning Vendor o9 Solutions There are several young supply chain software companies that are unicorns. One of the more interesting is o9 Solutions. In January of 2022, Dallas-based o9 Solutions was valued at $2.7 Data is stored just like you might sketch ideas on a whiteboard.

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AI in the Food Industry: Case Studies, Challenges & Future Trends

ThroughPut

As per a recent study, AI can help reduce production costs by almost 20% in the agriculture sector! Food Production AI tools can drive advanced predictive analytics with precision forecasting for weather and crop yield predictions. The market size of AI in the food industry , including the beverages sector is set to cross USD 9.68

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AI in the Retail Industry: Benefits, Case Studies & Examples

ThroughPut

Real-time visibility was lacking, be it in warehousing or transportation, due to which delivery delays were common. AI tools use historical data and current trends to understand demand with higher precision helping meet customer needs without overstocking or falling short on stock. This has made deliveries faster.

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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

The Failure of Existing Demand Planning Solutions. During the pandemic, supply chain leaders turned off their demand planning solutions. The output was just not helpful. Also, the solutions lacked flexibility. No company interviewed was able to successfully use their current what-if solutions to model pandemic impacts.

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Establishing Procurement as a Competitive Advantage

ivalua

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Deploying best practices is great, but just means you are doing the same thing as other high performers. That frees capacity, increases influence and improves access to insights for better decision making.

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Eliminate the Bullwhip Effect – Communicate with Your Suppliers

QAD

Common results of the bullwhip effect are excess inventory and associated cost increases, lost revenue, unnecessary capacity and a less-than-optimal customer experience. Price fluctuations and discounts resulting in increased purchases. Brittle supply chains need specific solutions to gain agility, efficiency and resilience.