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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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Why Organizational Alignment is Critical to the Supply Chain Response

Supply Chain Shaman

Functional excellence throws the supply chain out of balance decreasing results on a balanced scorecard of growth, margin, inventory turns, customer service and ROIC (Return on Invested Capital). One of the alignment gaps that is growing and is unfortunate is the gap between procurement and manufacturing.

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Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters. Procurement ran a request for proposal event.

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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

Case Studies: Achieving Supply Chain Excellence Shamir Optical Industry Shamir Optical , a global leader in prescription lens manufacturing, implemented probabilistic forecasting to enhance service levels while reducing inventory investment. Lower Inventory Costs : Eliminates excess buffer stock while maintaining service targets.

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Advanced Supply Chain Planning with Probabilistic Forecasting

ToolsGroup

Case Studies: Achieving Advanced Supply Chain Planning Shamir Optical Industry Shamir Optical , a global leader in prescription lens manufacturing, implemented probabilistic forecasting to enhance service levels while reducing inventory investment. Lower Inventory Costs : Eliminates excess buffer stock while maintaining service targets.

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How to Procure Full Truckloads in Tight Capacity

GlobalTranz

These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. Conducting annual procurement exercises.

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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Customer service is red. Procurement: Purchase price variance and procurement cost. The Emergence of Logistics as Constraint.