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AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

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Preparing to Run Supply Chains at the End of the Second Global Economy

Supply Chain Shaman

In parallel, PE/venture capitalists purchased/consolidated network solutions, slashing R&D and delaying investment, reducing industry capabilities. Expect greater variability in lead times and an increase in in-transit inventory. Inventory Management. Procurement was operating in isolation from supply chain.

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This Week in Logistics News (April 23 – 29)

Logistics Viewpoints

Amazon announces new changes to inventory limits. It includes free shipping of online purchases, free grocery deliveries to the home for orders of at least $35, prescription discounts and other benefits. Existing inventory that fits the qualification for the extra-large storage type will automatically be reclassified as extra-large.

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Top 10 Best Supply Chain Job Boards

SCMDOJO

National Association of Educational Procurement. Indeed, it is a handy tool to locate jobs. This online job search tool also helps you generate a cover letter or professional summary applicable to your work history and experience. I have used Indeed for several years and am very grateful for this tool!

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Five Trends That Excite Me!

Supply Chain Shaman

I am facilitating a workshop between supply chain business visionaries and technology innovators. While many technology companies have co-opted the network of networks message, today there is no interoperability between network solutions. When companies speak to me about the future of supply chain solutions being SAP HANA, I laugh.

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4 Ways To Improve Procurement For Increased Customer Satisfaction

Slimstock

Though it’s often overlooked as an element of customer satisfaction, procurement is an essential component for delivering that satisfaction. Procurement involves buying goods and services that keep an organization operating; it ensures warehouses are well-stocked with the proper supplies at all times. 4 Ways to Improve Procurement.

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7 Strategic Performance Business Practices with 3PL KPIs and 4 KPI Problems to Solve

GlobalTranz

Sales, Inventory, and Production Planning (SIOP) should be used for business planning and strategy in the shipper, 3PL relationship. Solution 1 : This can be significantly improved by engaging a consulting team to review existing KPIs and recommend changes. Solution 3 : A consultant has partnered with a KPI Analyst.

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