Why Pharma Needs To Accelerate Digital Supply Chain Transformation Now
A discussion about how digitalization can improve visibility, promote collaboration, and enable faster, better decisions based on real-time data.
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The Growing Role of 4D Seismic Technology in Oil & Gas Exploration
December 27, 2022 | Oil and Gas
4D seismic technology or timelapse technology was introduced for oil exploration in the early 1980s and commercialized in the North Sea in the 1990s. The technology was initially used in a joint StatoilHydro-Schlumberger project in 1995 to identify the drained and undrained reservoir areas in the Gullfaks field.
Going Paperless: A Guide to Transforming Accounts Payable
December 16, 2022 | Accounts Payable
In many businesses, accounts payable continues to work with paper invoices and checks. This process is manual and time consuming and prone to human error. And it leaves little room for any sort of analysis.
Advancements in technology have now made it possible to go paperless and automate this function.
Why Pharma Companies Need to Accelerate Digital Supply Chain Transformation Now
November 11, 2022 | Supply Chain Software
Despite being a trillion-dollar industry, the pharma supply chain is underperforming. The pandemic, skilled labor shortage and the absence of digital transformation have exposed the gaps in pharma supply chains, as is clear from the NC State’s Supply Chain Resource Cooperative data.
A Roadmap for Accounts Payable Digital Transformation
November 04, 2022 | Accounts Payable
Managing an organization’s Finance and Accounting (F&A) processes is a vital business function involving the organization’s financial planning. Accounts payable is a critical transactional process directly impacting cash outflow and supplier relationships.
Most organizations find the management of accounts payable challenging due to delays in payment, the high costs of processing, and the potential for monetary losses due to errors and fraud.
Digital Transformation for a Resilient Supply Chain
In response, pharmaceutical leaders now recognize digital transformation as not just an intriguing concept but as a business necessity. This new report from Pharma Manufacturing — Digital Transformation for a Resilient Supply Chain — and sponsored by GEP, shows how digitizing supply chain information and digitalizing supply chain processes and systems improves visibility and promotes collaboration.
Why Companies Are Failing at Digital Transformation
August 16, 2022 | Supply Chain Software
In the aftermath of recent supply chain disruptions, many businesses have launched digital transformation initiatives. Their objectives are multifold — leverage advanced technology and tools, automate manual work, mitigate risks, and build resilience.
However, not all of them are succeeding in this initiative. Many of the transformation initiatives aren’t making sufficiently deep enterprise-wide impact.
In fact, there is high probability of the project failing to meet the desired outcomes.
Why You Need a Digital-First Supply Chain
July 22, 2022 | Supply Chain Software
Before the onset of the pandemic in 2020, many businesses perhaps had little idea what a large-scale disruption could do and how it could impact their daily operations.
Here’s some data to understand the immediate impact of pandemic-induced disruption on small businesses.
According to the April 2020 Current Population Survey (CPS), the number of active business owners in the United States plummeted by 3.3 million or 22% over the two-month period from February to April. This was the largest drop on record.
8 Things You Can Achieve with a Digital-First Supply Chain
July 22, 2022 | Supply Chain Software
The past two years have been very challenging for businesses across industries, with many finding themselves in the midst of what is perhaps the longest disruption till date.
To mitigate the impact on business and prepare for the future, many have decided to leverage technology and digitalize supply chain operations.
But how exactly does a digital supply chain work? And more importantly, how can supply chain digitalization benefit your business?
How to Leverage Automation in the Era of Inflation
June 01, 2022 | Market Intelligence
Labor shortages, wage inflation, and add to that supply chain pressures.
How do companies keep the rising input costs in check?
One effective way has been automating some of the procurement and supply chain processes. Robots and autonomous systems have been able solve many issues related to workforce crunch and process inefficiencies in several industries.
