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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.

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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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Agile Strategic Sourcing for a Resilient Supply Chain

The Logistics & Supply Chain Management Society

Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.

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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.

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Supplier Motivation, A Key Component of Supplier Management

ivalua

Convinced that their sizes and brands will attract suppliers anyway, they entrench themselves behind the gates of rigid procurement processes. This translates into a powerful lesson learned for Procurement: motivate your suppliers rather than merely manage them. As most Procurement organizations do, they evaluate their suppliers.

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

Supply Chain Shaman

In 2001, China joined the World Trade Organization, increasing access to China as both a channel and a supply source. Consider the investment in outside-in planning processes using market data and orchestrating source, make, and deliver based on a holistic design process. Procurement was operating in isolation from supply chain.