article thumbnail

Dispelling Untruths: 10 Generative AI Myths

Logility

Safely Mine Your Supply Chain Data with GenAI Watch the Demo Myth 3: Generative AI is best as a black box At first glance, the prospect of generative AI supporting a 100% automated workflow might seem like a desired goal for your supply chain processes. For example, suppose an order for a key customer is going to be late. trillion parameters.

article thumbnail

How to Optimize Your Procurement Sourcing Systems

EC Sourcing Group

How to Optimize Your Procurement Sourcing Systems. Finding the right tools and measures to optimize your procurement sourcing systems is a must. While optimization does rely heavily on procurement sourcing software , there are other ways to optimize the procurement management process. Expand your networks.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Supply chain shockwaves from the Taiwan earthquake

Resilinc

No tsunami warning was issued, but trains did temporarily stop following the quake. If you want to learn more about how Resilinc can help your supply chain become ‘anti-fragile’ schedule a demo here. Many of these suppliers are estimated to encounter some degree of disruption as a result of the earthquake, to some varying degrees.

Taiwan 96
article thumbnail

Predictive AI vs. Generative AI in Supply Chain Management

Resilinc

The more high-quality data used to train the AI, the smarter and more accurate the predictions will be. These other models were trained on several data sets: historical data provided by customers and third-party data, as well as Resilinc’s 12+ year wealth of supply chain data. by analyzing past data.

article thumbnail

5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

This allows companies to see what is in demand, source alternative materials, and negotiate new contracts with suppliers at opportunistic price points. For example, a model could learn to predict whether or not an email is spam based on training data. Request a demo today.

Modeling 113
article thumbnail

A Municipalities Guide to eSourcing

EC Sourcing Group

eSourcing refers to a buyer’s ability to collect different bids from suppliers using an online sourcing solution. Sourcing electronically instead of leaving a paper trail saves time, money, and is a much more efficient way to procure goods and services. A Municipalities Guide to eSourcing. Electronic bid submission and advertisement.

article thumbnail

A Municipalities Guide to eSourcing

EC Sourcing Group

eSourcing refers to a buyer’s ability to collect different bids from suppliers using an online sourcing solution. Sourcing electronically instead of leaving a paper trail saves time, money, and is a much more efficient way to procure goods and services. A Municipalities Guide to eSourcing. Electronic bid submission and advertisement.