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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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Procurement Systems Explained: Features, Benefits & How to Choose the Right One

ivalua

A Procurement System refers to a sophisticated framework or software designed to streamline and automate various stages of the procurement process within an organization. Best-of-breed solutions often specialize in specific aspects of procurement, while full-suite solutions seamlessly automate multiple process steps.

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Top Supply Chain Planning Vendors Are Investing to Support Agile Planning

Logistics Viewpoints

Kinaxis refers to its combination of MSCN and SCP as an AI-infused supply chain orchestration platform that delivers fast, intelligent, and proactive decision-making. But, the supply plans also need to have what they refer to as network feasibility. Coupa and Kinaxis joined the club in only the last few years.

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Supply Chain Efficiency: A Deep Dive into the Core Drivers

RFgen

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.

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Essential Supply Chain KPIs to Track for Enhanced Decision Making

SCMDOJO

Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Is inventory bloating your costs? Why You Need Visibility of Supply Chain and Procurement KPIs? Running procurement and supply chain without metrics is like driving blindfolded.

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Upskilling Supply Chain & Procurement To Gain Strategic Skills

Procurement Academy

Supply chain and procurement have undergone a seismic change in recent years. The Need for Supply Chain and Procurement Upskilling The global supply chain and procurement markets have changed drastically in the last number of years.

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Why the Future of Freight Is Multimodal

Supply Chain Brain

Inventory buffers shrink. And cross-functional teams — from procurement and sales to finance and customer service — are left scrambling to react. Multimodal in Practice At a basic level, multimodal shipping can refer to using two or more distinct modes — such as truck, rail, air or ocean — in a single supply chain. locations.