Remove Forecasting Remove Internet of things Remove Procurement Remove Sourcing
article thumbnail

How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.”

article thumbnail

Procurement culture: challenging the old, developing the new

Synovos

Procurement culture: challenging the old, developing the new One of the biggest challenges facing the indirect procurement industry today is digitalization. Will procurement roles continue to exist? The big question is whether procurement roles like mine will still be around in years to come. Often it is not.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Using data and AI to improve manufacturing

SYSPRO Smarter ERP

Key enablers of AI that are now economically viable to use are: smart sensors; the Internet of Things which can manage a large amount of data from all aspects of production; cloud computing which enables internet connections to store, access, and process data. This also improves asset reliability and lifetime.

article thumbnail

A guide to digital supply chain management

Taulia

A company’s supply chain consists of the entire chain of activities involved in creating a product, from sourcing raw materials to delivering finished goods. In other cases, long lead times can make it difficult to estimate future inventory levels against forecasted demand. Here’s everything you need to know about it.

article thumbnail

How AI is transforming manufacturing Part 2: Inventory management

SYSPRO Smarter ERP

Inventory control can benefit from Artificial Intelligence (AI) because AI provides powerful insights for companies, highlighting interesting trends from large volumes of data that help procurement and warehouse teams to better manage the daily tasks of inventory management. Inventory management in the supply chain. Order fulfillment.

article thumbnail

HWI Unleashes Continuous Innovation

Logistics Viewpoints

Run” will include using the platform for inventory optimization and to support interesting internet-of-things (IoT) and artificial intelligence (AI) projects. They also have 20 sourcing locations across North America from which they can ship make to stock products. HWI employed a crawl-walk-run methodology.

article thumbnail

Unlocking Efficiency with AI in Business Process Automation

Elementum

Internet of Things (IoT): Extending the Reach of BPA Internet of Things (IoT) enhances BPA by providing a continuous stream of real-time data for ML analysis, crucial for automating and refining operations. This foundational step increases the reliability of AI-driven decisions by minimizing manual data cleansing efforts.