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AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

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Why Procurement Professionals Should Learn About S&OP

SCMDOJO

Procurement People should learn the Sales & Operations Planning (S&OP) Process. Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies.

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Amazon and the Shift to AI-Driven Supply Chain Planning

Logistics Viewpoints

Operational Benefits of AI-Driven Supply Chain Planning Cost Reduction AI enables cost reductions by optimizing inventory management, logistics, and procurement. AI-driven procurement tools analyze pricing trends and supplier performance to negotiate better contract terms.

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Supplier Onboarding is Core to a Digital Supply Chain Transformation

Logistics Viewpoints

But the chief procurement officer has been made aware of the 10% of suppliers not participating. Molexs change management program is also one based on continuous improvement. The company continues to refine supplier onboarding; what used to take 6 months now takes 3 weeks. Training is critical.

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Process Audit Reports – Create Efficiency and Procurement Excellence

Procurement Academy

Looking to improve operations and achieve cost savings within your procurement processes? A process audit report is designed to, ultimately, streamline processes, enhance decision-making and drive overall procurement excellence. The outputs are then monitored and managed to ensure they are always fit for purpose.

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Procurement Category Management: Step-by-Step Guide with Examples

Precoro

Category management isn’t just another procurement trend. What procurement teams need is a clear view of their spend, tighter control, and a strategy that delivers lasting value—exactly what category management provides. The goal is to get the best results from every category. It’s tactical and short-term.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

GlobalTranz

Transportation modes used in procurement and shipping. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data. But the possibilities for continuously improving. Continuous Improvement is a complex notion.