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Industry 4.0: The Slow Revolution, Part 2

Enterra Insights

is a revolutionary dance many manufacturers have yet to join. Many analysts believe manufacturers need to start dancing if they are going to survive and thrive in the digital age. Most manufacturers seem to understand the need to transform. That creates challenges across multiple fronts, including strategy.

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The introduction of E-Procurement.

ModusLink Corporation

The ease of accessibility of this technology causes many organizations to shift towards E-Procurement as an effective and innovative Supply Chain support system to help companies reach goals including operational efficiencies, sustainability, and profitability. Namulo, 2017). & (Dec 2015). Tehran, Iran: IEEE. 2020, July 01).

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Time to Look into the Future of Procurement!

Supply Chain Game Changer

A typical Purchasing Function is limited to the transactional job of collecting information about the requirements of user departments and carrying out commercial checks and balances to finally procure the product & service based on c ost reduction only and focused on supply continuity. What is Strategic Sourcing?

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How Much Do ERP Systems Cost?

QAD

An Enterprise Resource Planning (ERP) system is a software solution used by businesses to plan and manage daily operations, like supply chain, manufacturing, services, financials and other programs or processes. The greatest benefit to ERP systems is having one reliable source of truth for your company. What is an ERP System? .

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Making AI Work

Enterra Insights

He explains, “Companies of all kinds — including manufacturers and industrial companies — are collecting huge amounts of data, and there’s no doubt that AI, if properly done, could help make production significantly cheaper, more efficient and safer. The question for companies, then, is how to reduce the risk of AI failure.

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Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Procurement analytics, built on unbiased data, is often perceived as a single source of truth. How efficient are our internal workflows, RFP, and P2P cycles? From whom are we buying?

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Data and Digitization in Manufacturing

Enterra Insights

Manufacturing has been the lifeblood of the global economy for hundreds of years. Because manufacturers have historically moved factories to regions featuring cheap labor and few regulatory restrictions (sometimes referred to as outsourcing or offshoring), a misconception has arisen about the importance manufacturing to national economies.