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

Supply Chain Shaman

Global supply chains are built on three assumptions: rational government policy, availability of transportation resources, and low variability. Supply chain leaders have little history to use as a guide to prepare. Before the pandemic, supply chain leaders experienced relatively free trade across borders in 2017.

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Is AI Hype or a Truly Revolutionary Technology Set to Transform Logistics? (AI Popup #3)

Freightos

(AI Popup #3) AI Popup #3 August 10, 2024 Dive deeper into freight data that matters Learn More For anyone who has played around with ChatGPT or Midjourney, it’s now clear that AI has the potential to be an incredible tool for enhancing efficiency and productivity. and has endured several cycles of investment booms and busts.

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Top 10 Best Supply Chain Job Boards

SCMDOJO

Supply Chain Job Boards are aplenty, but how do we classify the ones worth our time as SCM Professionals? To help answer this question and reduce time wastage going through multiple platforms, we ran a survey based on recommendations provided by several professionals on supply chain job boards, including those I have tried over time.

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Business Performance: The 3 Key Boosters of Procurement

Jaggaer

In many industries, procurement is responsible for managing significant budgets which means it holds a key lever for business performance. From Order Fulfillment to Strategic Value Creation Partner This realization is relatively new and comes with a fundamental shift in how the role of procurement is understood.

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IBM Watson Intelligent Supply Chain Workshop Brings Executives Together to Share Thoughts on Deployment

NC State SCRC

The intent of this executive forum is to bring together supply chain executives to engage in an open discussion of how analytics and AI can be used to create competitive advantage in the organization.

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Agile Strategic Sourcing for a Resilient Supply Chain

The Logistics & Supply Chain Management Society

The complexity and interconnectedness of the global supply chain have led to organisations becoming more dependent on suppliers than ever before. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.