Five Best Practices for Balancing Costs, Risks and Sustainability
Five tips to balance cost, risk and sustainability for long-term value
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How Smart Inventory Management Systems Can Help Improve the Bottom Line
October 06, 2023 | Inventory Management Software
Staying ahead requires more than just agility—it demands foresight and precision. Smart inventory management system is fast emerging as the silent architect behind operational efficiency — transforming the way businesses perceive and handle their inventory.
A Slowdown Survival Guide for Mid-Enterprises
October 03, 2023 | Procurement Software
For businesses facing financial uncertainties and shrinking profit margins during an economic downturn, it is imperative to leverage modern procurement software to implement effective procurement and supply chain strategies that allow for cost reduction without compromising resilience or effective risk management.
4 Ways Machine Learning Enhances Supply Chain Forecasting
October 03, 2023 | Supply Chain Software
Machine learning-powered demand sensing has emerged as a game-changer for supply chain forecasting. It improves forecasting accuracy by running multiple algorithms concurrently. Explore this blog by GEP.
Your Guide to AI in Supply Chain Planning
October 03, 2023 | Supply Chain Software
Supply chain planning can be an arduous task.
Incomplete, fragmented and poor quality data are pervasive issues. The master data itself can be a quagmire, often non-standardized across systems or business units, adding another layer of complexity.
The traditional reliance on historical data as the sole foundation for supply chain planning is no longer a viable approach, as it fails to address the dynamic nature of modern supply chains.
AI in the Warehouse: How to Transform Warehouse Management
September 30, 2023 | Supply Chain Software
From manual stocktaking to barcode scanning, technological advancements have consistently driven improvements in warehouse management.
Yet, despite these leaps, several challenges continue to stifle optimum efficiency.
Understanding the Current Warehouse Quandaries
The intricate dance of warehousing involves more than just storing goods. In the shadow of every neatly arranged pallet lies a host of challenges that warehouse managers grapple with daily.
Responsible AI Governance in Supply Chains: All You Need to Know
September 30, 2023 | Supply Chain Software
As with any emerging technology, challenges arise, and in the field of generative AI, ethical considerations have taken the centerstage.
With companies increasingly relying on AI-driven tools to optimize supply chain processes, how can businesses ensure they maintain transparency, fairness, and responsibility? The solution lies in responsible AI governance.
Machine Learning in Procurement: Understanding the Landscape and Moving Past the Pitfalls
September 29, 2023 | Procurement Software
Discover the transformative power of Machine Learning in procurement, from automation to strategic insights. Explore use cases and avoid common potential pitfalls in deployment & success.
Decoding AI’s Transformative Impact on Source-To-Pay and Procure-To-Pay
September 27, 2023 | Procurement Software
Artificial intelligence (AI) is making significant strides in reshaping the procurement landscape. Rather than replace humans, it is enhancing their capabilities, forging a new alliance between humans and machines, with procurement teams handling complex tasks and the algorithms doing the mundane.
How Mid-Size Enterprises Can Gain Agility with a Unified Procurement and Supply Chain Platform
September 15, 2023 | Procurement Software
Mid-size enterprises face a host of unique challenges in today’s uncertain economic conditions.
They must focus on scaling their business, but with limited resources and smaller and less mature procurement teams.
Given these limitations, they are more susceptible to disruptions, with less agility to anticipate and respond to problems.