article thumbnail

Trends 2024: Artificial Intelligence

Enterra Insights

Digital transformation is an ongoing process so we can expect to see this year’s breakthrough trends continuing to shape society into next year.”[1] ”[1] Below are a few of the trends experts have identified in the artificial intelligence field. Artificial Intelligence Trends Rise of the Prompt Engineer.

Trends 264
article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Manufacturing Trends You Need to Know

Arena Solutions

The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.

article thumbnail

Trends 2024: Risk Management

Enterra Insights

While this will help engineering and manufacturing companies borrow to increase investment and ease inflation on domestic costs (and for their sales), it could lead to a weaker dollar, particularly to the yen. manufacturing exports but will reduce purchasing power for imported materials, components, and equipment.”[6]

article thumbnail

How to Avoid the Pitfalls of Contract Management in Telecom & High-Tech

Continual technological changes necessitate adjustments to manufacturing and supply chain processes, leading to a heavy volume of contracts that outpaces most industries. The high-tech and telecom sectors face a contract management crisis if the process isn’t managed properly. What can CPOs do to ease the contract management burden?

article thumbnail

Trends 2019: Manufacturing

Enterra Insights

Nevertheless, over the past few years there have been some significant changes in the manufacturing sector, including the maturation of additive manufacturing and the emergence of the Internet of Things (often referred to as the Industrial Internet of Things (IIoT)). Manufacturing trends. ”[4]. Cognitive technology.

article thumbnail

Harnessing Your Domestic TMS as Reshoring Trends Continue

3GTMS

In the blink of an eye, offshoring manufacturing halted worldwide, forcing companies to find alternative ways to meet demand and explore potential reshoring possibilities. To make up for the higher costs of in-country sourcing, businesses search for ways […].

Trends 219