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Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?

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Industry 4.0 Success Depends on Cognitive Technologies

Enterra Insights

Nick McGrane, Managing Director at K3 SYSPRO, asserts cognitive technologies (often referred to as artificial intelligence (AI), machine learning, and/or cognitive computing) will play a central role in manufacturing’s future. Supporting this, a recent BCG report highlighted that “AI will be a must in the post-COVID world.”[1]

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Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Technologies Reshaping the Global Digital Supply Chain! Imagine what the future will look like in Supply Chain! There are articles which describe what the future of Supply Chain will be like in 2020, 0r 2025, or even 2030. Enabling Technologies. The “Don’t Touch” Supply Chain.

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7 Basic Types of Supply Chain Risks

Precoro

With new products constantly entering the markets and increased availability of international trading, supply chains are now more complex than ever before. Functional supply chains are essential for businesses to succeed, so stakeholders prioritize ensuring their stability. What Are Supply Chain Risks?

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Customer Experience and the Human Touch

Enterra Insights

Today, with more consumers than ever taking the digital path to purchase, customer service is often an on-line-only experience. Marketing expert Tom Martin ( @TomMartin ) reports, “In 2018, PwC research found that 82% of U.S He explains, for some customer queries, there are “easily solvable and automated answers.”

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Artificial Intelligence: Try It You’ll Like It

Enterra Insights

AI isn’t a ‘will we, won’t we’ type of technology. AI will be the de facto standard, much like an operating system or software, it will be embedded into every business technology in the not so distant future. Fourth, determine the team and technology capability. identify what success looks like).

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Time to Look into the Future of Procurement!

Supply Chain Game Changer

Check out What Exactly Is Procurement? And What is Purchasing? There has been transformation in the Procurement function over the past decade. 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.