article thumbnail

Artificial Intelligence: Procurement and Legal’s “New Frontier”

Proxima

And what for procurement teams? Procurement will need to understand all the ways that AI could transform how attorneys manage their work and what challenges AI could create for legal suppliers that need to be considered. For example: Contract management and e-discovery. Data meets requirements.

article thumbnail

Addressing the Inherent Challenges of Fostering a More Synchronized B2B Supply Chain Business Network

Supply Chain Matters

Overview In short, B2B Supply Chain Business Networks are Cloud based platforms designed to achieve end-to-end supply chain data visibility and business process decision-making synchronization. An evolving new area is in the monitoring and tracking of ESG focused data and conformance needs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Solving the Procurement Data Dilemma: Using supplier data to drive successful relationships

HICX Solutions

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. So we get this cycle of data, information, knowledge and wisdom.”. The difference between failure and success.

article thumbnail

Supply Chain Planning In Excel: A Perilous Path

Logility

Limited Data Handling Capabilities Excel is a versatile tool for basic data management and analysis, but when it comes to handling vast amounts of complex supply chain data, it falls short. Consider a scenario where a retailer relies on Excel to manage inventory levels across multiple warehouses.

article thumbnail

Solving the Procurement Data Dilemma: Using supplier data to drive successful relationships

HICX Solutions

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. So we get this cycle of data, information, knowledge and wisdom.”. The difference between failure and success.

article thumbnail

What you can gain with an inventory management system

Taulia

It’s an important activity for businesses – and particularly for large organizations that handle significant amounts of inventory – because it influences the broader processes of procurement and sales. For companies that have large volumes of inventory, it is usually advisable to use a dedicated system to manage inventory.

article thumbnail

Demand Sensing (and Other Secret Ingredients) for Food and Beverage Supply Chain Success

Logility

Supply chain data management. These solutions can even make it difficult to connect disparate data systems across a company. By contrast, F&B business can use a supply chain data management solution to alleviate these issues. Three More Supply Chain Forecasting Solutions to Consider for Food and Beverage.