Remove Government Remove Metrics Remove Purchasing Training
article thumbnail

The Importance of Energy Transition and Sustainability in the Logistics and Supply Chain Industry

Logistics Viewpoints

Regulatory Demands: Governments worldwide are enforcing stricter emissions standards and introducing carbon taxation schemes, pressuring companies to adapt. Transitioning to EVs can also benefit from government subsidies and tax incentives, accelerating adoption. Implement technologies incrementally to manage costs and training needs.

article thumbnail

Celanese Leads the Pack When it Comes to Agentic AI

Logistics Viewpoints

Agentic AI involves creating a system of interacting agents, each trained on a specific task or dataset. These agents can communicate, negotiate, and collaborate to solve complex problems. In the past, if the business had a need, they would buy an application. Data governance is critical. Al Syed elaborated. Fred agrees.

Insiders

Sign Up for our Newsletter

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

article thumbnail

AI Agents in Procurement: The Ultimate Guide

ivalua

In procurement, AI agents can be in conjunction with complex sourcing, purchasing, and AI-driven supplier management processes to streamline operations. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies. You may also have heard of Agentic AI.

article thumbnail

AI Agents in Procurement: The Ultimate Guide

ivalua

In procurement, AI agents can be in conjunction with complex sourcing, purchasing, and AI-driven supplier management processes to streamline operations. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies. You may also have heard of Agentic AI.

article thumbnail

The Role of AI in Sourcing and Procurement: Benefits, Use Cases, and Roadmap

ivalua

By automating routine tasks like onboarding a suppliers, kicking off a sourcing event, invoice matching, purchase order consolidation, and contract reviews, AI enables automated procurement workflows and reduces operational costs. Smarter buying decisions and optimized sourcing lead directly to bottom-line savings.

article thumbnail

AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

For example, AI can spot recurring or unnecessary costs, detect maverick spending (when employees purchase outside of approved channels), and identify opportunities for cost savings based on historical spending patterns. This gives them advance warning so they can adjust their purchasing strategies.

article thumbnail

Driving Supply Chain Analytics User Adoption with Cross-Departmental Metrics

Logility

The obvious danger of this is that business rules and data governance often don’t exist from department to department or user to user, leaving an overall picture into the health of the business that is foggy because KPIs and metrics do not correlate across the organization. Starting at the Top. Keep the initial rollout simple.