article thumbnail

Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

Next Steps: Start to model demand based on market data to align the organization on baseline demand. Resist the temptation to place deeper analytics on top of existing data models. Instead, rethink the model and the approach. Out of desperation, they turned to the use of descriptive analytics.

article thumbnail

Unlocking Efficiency with AI in Business Process Automation

Elementum

Business Process Automation AI: Revolutionizing Efficiency in the Digital Age Artificial Intelligence (AI) is dramatically transforming Business Process Automation (BPA), ushering in a new era of operational efficiency and innovation. AI-driven systems improve understanding and management of workflows.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Tips: A Guide to Mastering Procurement

Material Handling & Logistics

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

article thumbnail

Overcoming The Barriers to Use Channel Data

Supply Chain Shaman

Here I want to address the question, “Why is the focus on the basics of supply chain a barrier to adopting new forms of analytics and supply chain processes? Why have we not improved our use of channel data in supply chain processes?” Insights from market data to drive bi-directional orchestration. The reason?

article thumbnail

The expanding scope of procurement analytics: Some initial thoughts

NC State SCRC

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019).

article thumbnail

5 Ways to Cope with Changing Logistics Demand in 2024

Locus Robotics

Learn how these innovations are transforming logistics operations. Data Analytics and Automation The use of artificial intelligence (AI) or machine learning within warehouses thanks to tools such as robotics could increase to optimize your supply chain and reduce operational costs.

article thumbnail

5 Ways to Cope with Changing Logistics Demand in 2024

Locus Robotics

Learn how these innovations are transforming logistics operations. Data Analytics and Automation The use of artificial intelligence (AI) or machine learning within warehouses thanks to tools such as robotics could increase to optimize your supply chain and reduce operational costs.