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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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Distributor Management – Top 5 Do’s and Don’ts for FMCG Principals

Enchange Supply Chain Consultancy

As part of the workshop, we are developing a list of Do’s and Don’ts related to Distributor Management. Do Embrace Technology and Data : Use real-time data for demand forecasting, inventory management, and route optimization. Regular reviews and joint business planning foster accountability and trust.

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Digital Procurement Training for Technological Transformation

Procurement Academy

Just as technology has the potential to transform other major industries, its also having a major impact on procurement. One thing that is often overlooked in procurement, however, is the need to develop staff that are capable of using these technologies. Digital contract management Procurement contracts can be complex.

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Allopneus.com Optimizes Inventory and Improves Competitiveness with ToolsGroup

ToolsGroup

ToolsGroup supply chain planning software allows Allopneus.com to improve inventory quality while reducing storage space at its national distribution center by almost 20%. As a result, we need to have more than 20,000 SKUs in stock,” explains Pierre-Jean Coltat, procurement and planning manager at Allopneus. NEWS RELEASE.

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Why It Matters

Supply Chain Shaman

OI has been more focused on transactional efficiency, procurement and IT standardization. A company that is effectively working a supply chain strategy will have a nice, neat pattern at the intersection of operating margin and inventory turns. Contrast the patterns of the two companies in figure 2. So, what can we learn?

Illinois 253
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Preparing to Run Supply Chains at the End of the Second Global Economy

Supply Chain Shaman

Expect greater variability in lead times and an increase in in-transit inventory. Inventory Management. Tariffs dynamically change the value of inventory, necessitating investment in deeper inventory management solutions. Few are ready to rationalize the differences in the price of inventory on receipt.

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The Leadership Retention Crisis in Fleet Operations, and Why It Matters to the Supply Chain

Supply Chain Brain

Leadership workshops, financial literacy programs, and compliance courses can provide the skills new managers need to succeed. A formal mentorship program can help new managers navigate budgeting, compliance, and employee management with confidence. Invest in formal management training. Encourage engagement with industry associations.