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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. AI use in internal workflows could lessen the time crafting legal documents by a big margin. Reducing risk.

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Risk Management in Halal Supply Chains

The Logistics & Supply Chain Management Society

About the Author Dr. Marco Tieman is the CEO of LBB International, a supply chain strategy consultancy and research firm, advising companies and governments on supply chain analysis, supply chain design, and market research. A halal risk report provides this intelligence for halal certified brand owners.

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Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

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Savvy Supply Chain Leaders Aren’t Letting a Good Downturn Go to Waste

Logistics Viewpoints

Supply chain leaders get it, as confirmed by recent PwC research that shows: Investing in advanced supply chain capabilities bears fruit through lower costs, increased revenues, improved sustainability, higher asset utilization, better risk management, and greater rates of on-time, in-full delivery to B2B and B2C customers.

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KraftHeinz Procurement Bends to 3G Capital’s Policies: How’s it Working Out for You?

NC State SCRC

Several stories came out this week, related to KraftHeinz’s share price, its procurement department, and the fate of its parent company, 3G Capital. The company reported $30.9 billion in long-term debt at the end of 2018, up from $28.3 billion a year earlier. Hmmm… I wonder what this could be?

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Implementing AI in Supply Chain Logistics

20Cube Logistics

According to a survey by market research firm IDC, “Around 50 per cent of supply chain logistics companies will use AI and Power BI for advanced analytics for planning by 2020”. For example, in a warehouse, AI helps retailers to maintain an edge for supply chain operations and product delivery. Chatbot in operational procurement.

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The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. By leveraging their capabilities, businesses can reduce transportation costs, optimize inventory levels, and minimize warehousing expenses.