Your Guide to RFP Software

EC Sourcing Group

Quite often, it is the most common way organizations source their goods and services, and for certain industries, such as those tied to the government and military, it is the preferred method. All of this type of software should speed up and automate your sourcing process.

Customer Service Aided by Cognitive Technologies

Enterra Insights

With access to a mix of complex data sets from an array of sources, companies now have better insight into customer behavior, leading to higher sales numbers and better customer service.” According to Grossfeld, “Nearly 40% of customers claim that searches within knowledge bases don’t generate the help articles they’re looking for. Those insights point out how users describe their issues and if those descriptions are similar to the content of the knowledge base.

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S&OP: Can You Make Decisions at the Speed of Business?

Supply Chain Shaman

Based on the reference calls, I am not sure that this will be possible. This is especially true for processes dependent on the ERP-based solutions from Infor, Oracle and SAP. For most –hamstrung by silo-based strategies for source, make and deliver–there is no clear definition of supply chain strategy. Employee turnover eroded the knowledge base. The combination of cloud, cognitive computing and open source analytics is evolving. Yawn.

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Is The Creative Class Coming To A City Near You?

Supply Chain Insights

It’s a subsection of knowledge workers within the workforce broken down into two groups: the Creative Professionals and the Super Creative Core. The Creative Professionals are the classic knowledge-based workers. They “draw on complex bodies of knowledge to solve specific problems” using higher degrees of education to do so. Cities with creative knowledge workers will redefine transportation, commerce, and social systems.

Time to Look into the Future of Procurement!

Supply Chain Game Changer

From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. 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. Subscribe Here!

The Value that Procurement Centres of Excellence Bring to Organisations

HICX Solutions

Spend Matters defines a Procurement Centre of Excellence as “an internal entity that performs internally facing knowledge-based services on a one-to-many basis to procurement (and to broader stakeholders) in order to drive scale, repeatability, and best practice.” A Procurement Centre of Excellence is a means of establishing a central management team that is responsible for managing the sourcing of goods and services on a global level.

Data and Digitization in Manufacturing

Enterra Insights

They write, “Manufacturing matters to the United States because it provides high-wage jobs, commercial innovation (the nation’s largest source), a key to trade deficit reduction, and a disproportionately large contribution to environmental sustainability.”[1] The result is a continually expanding knowledge base informed by factory-specific behavior that can help you onboard new employees and drive prescriptive manufacturing strategies.

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The Best RFP Automation Software

EC Sourcing Group

Knowledge management and library. A collaborative type of software that has an extensive knowledge base and a searchable library is a great idea. Making RFPs (or request for proposals)is a necessary part of your procurement management strategy.

6 Reasons Why You Need A Transportation Management Firm

Aborn and Co.

Land and ocean carrier consolidation, warehouse automation, shifting sourcing structures, and digital supply chain transformation all have a tremendous impact on the current state of the logistics industry. Supply chains are evolving at a more rapid pace than ever.

Digital Transformation Facilitates On-Time Delivery

Aera Technology

Legacy applications use static, rule-based calculations to determine a reasonable promise date for a particular drug or customer. Too often, those promise dates are wrong because outdated SCM software can’t account for real-time dynamics that cascade throughout the supply chain, from raw materials sourcing to production and distribution.

Five Steps to Seamless Omni-Channel

BlueYonder

A large-scale retail organization is like a living breathing animal with multiple arms: buyers working with brand vendors and private label suppliers form the sourcing arm, marketing team working with planners and creative agencies form the promotion planning arm, planning team working with distribution team, who in turn work with outsourced DC and transportation vendors forms another arm.

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Trends 2021: Artificial Intelligence

Enterra Insights

” He explains, “The ModelOps notion is so emblematic of AI because it gives credence to its full breadth (from machine learning to its knowledge base), which Gartner indicates involves rules, agents, knowledge graphs, and more.” Perhaps most importantly, edge AI enhances data privacy because data need not be moved from its source to a remote server.”[6]

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Cognitive Computing and the Changing Business Landscape

Enterra Insights

To respond to the fluid nature of users’ understanding of their problems, the cognitive computing system offers a synthesis not just of information sources but of influences, contexts, and insights. One of the most valuable things cognitive technologies can do for an organization is help integrate data so that everyone is working from a “single truth” knowledge base.

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Five Steps to Seamless Omni-Channel

BlueYonder

A large-scale retail organization is like a living breathing animal with multiple arms: buyers working with brand vendors and private label suppliers form the sourcing arm, marketing team working with planners and creative agencies form the promotion planning arm, planning team working with distribution team, who in turn work with outsourced DC and transportation vendors forms another arm.

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How to be Productive during the Global Lockdown: The ThroughPut Playbook to Maintain your Output Levels

ThroughPut

This is where I can open up the floodgates of knowledge on how to create unprecedented output, leverage the data all companies already have on hand, analyze it with software, and standardize it across their operations. History may be destined to repeat itself, but business knowledge doesn’t and shouldn’t stay so static and trapped in outmoded ways. The CDC website is the most accurate source of information on COVID-19.

Cognitive Computing as a New Power in Business

Enterra Insights

In his 1597 Meditationes Sacrae , Sir Francis Bacon penned the phrase “ipsa scientia potestas est,” which means “knowledge itself is power.” As humankind’s knowledge base has grown, keeping up with new knowledge has proved extremely difficult. Even in specialized fields, however, new knowledge is increasing at such a rapid rate humans continue to lag behind. Knowledge Management (KM). What is knowledge management?

How to Get Your Purchasing Group Out of Chaos Mode

EC Sourcing Group

Driving efficiency in sourcing and supplier management are common goals in purchasing and procurement. What would be the impact on profits if your group could enhance: Visibility Analytics Knowledge Retention Communication Efficiency. How many days does it take to generate award scenarios that are based on multiple constraints? Sourcing tools that contain all the bids data inside each bid dynamically increase analysis speed.

Insights from the C-Suite: Supply Chain People Are Making a Difference in the World

Material Handling & Logistics

We need to get more alignment with the organizations in terms of their willingness to be more transparent, and then that’ll start to drive into the knowledge base for the individuals and the workforce to say, “Ok, I now need to be aware of AI or augmented reality or blockchain, and the impact they have on the supply chain.”. They’ve found a way to enable and differentiate themselves based on their supply chains.

Artificial Intelligence and Customer Experience

Enterra Insights

AI tools can manage customer information from conflicting sources and process them to extract valuable insights with swiftness and accuracy.” … Sixty-eight percent would rather use self-service channels — like knowledge bases or customer portals — for simple questions or issues.” Cognitive computing helps in understanding the customer base better by enhancing analysis and making faster decisions.”

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RFP Due Dates Are Closer Than They Appear

EC Sourcing Group

The volume of historical data that can be analyzed grows exponentially, enhancing strategic sourcing and competitive advantage. Supplier vetting is streamlined by automatic requests and reminders based on a predetermined timetable. The knowledge and analysis created during an event can be used by anyone else in the group even after the originator leaves the company. The internal knowledge base will allow you to negotiate with all the data at your fingertips.

Cognitive Systems Gaining Ground

Enterra Insights

Cognition is defined as “the action or process of acquiring knowledge and understanding through thought, experience, and the senses.” A cognitive system is a system that discovers knowledge, gains insights, and establishes relationships through analysis, machine learning, and sensing of data. ” Deep learning : “Interconnected modules run mathematical models continuously tuned based on processing a large number of inputs.”

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‘Digital Freight Matching’ Isn’t a Product— It’s a Strategic Methodology

Parade

Therefore, we recommend diversifying your carrier base by reserving a fraction of your consistent freight (e.g. Traditional freight brokerages typically source these carriers by sifting through hundreds of emails and resort to looking for carriers on load boards— grunt work that eats up much of a broker’s time. Brokerages must harness a knowledge base of thousands of carriers to make better (and bolder) decisions faster, confidently, more reliably, and at scale.

‘Digital Freight Matching’ Isn’t a Product— It’s a Strategic Methodology

Parade

Therefore, we recommend diversifying your carrier base by reserving a fraction of your consistent freight (e.g. Traditional freight brokerages typically source these carriers by sifting through hundreds of emails and resort to looking for carriers on load boards— grunt work that eats up much of a broker’s time. Brokerages must harness a knowledge base of thousands of carriers to make better (and bolder) decisions faster, confidently, more reliably, and at scale.

Does Low Cost Spend Control Matter?

Claritum

For ease of use, single sign on and catalogue-based user views are essential. Neither of these has any significant experience in sourcing, negotiation or in-depth knowledge of the company’s policies with respect to procuring goods and services. Automation provides the knowledge base and structure to ensure even the most inexperienced of users can effectively procure appropriate goods and services at competitive prices. Claritum Article - Procurement Blog.

6 Supply Chain Trends That Could Truly Shake You Up (2018 Update)

Logistics Bureau

This has already dramatically transformed the IT industry itself, as packaged software sold with one-time licences has become cloud-based services sold with a renewable monthly subscription. Knowledge Emerging as Resource Number One. Supply chains have become a major source of competitive differentiation because they are difficult to copy. That knowledge is often in the heads of the operators and managers. Conventional IT is not designed to handle knowledge.

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Labor Day 2019

Enterra Insights

He asks, “Aren’t these the same employers that are unable to budget much for training under current OEM source selection practices? He writes, “Workers — from both the factory and office — should expect to have to retool their knowledge and skills at least once during their working years. Selko notes, “Part of the speed at which this organization works is tied to its knowledge base. To most people, Labor Day represents the end of summer.

Global Cargo Monitoring / Cargo Tracking: US CBP suspends GTX.

Global Trade Management

By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high. user-fee based) system that would collect commercial transaction data not currently available to CBP from parties in the supply chain who have contracted or provided services for the production or movement of international shipments. Global Cargo Monitoring / Cargo Tracking.

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