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since 2020, the highest growth rate of any supplychain market. By 2026,… The global logistics automation market has been growing at a Compound Annual Growth Rate (CAGR) of 12.4%
Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supplychain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. Follow us at @Ivalua. Global Media Contact.
In the supplychain, order management and inventory management play significant roles in rapid growth. billion figure by 2026, which was $1.0 AI-based OMS speeds up operations and optimizes the performance of the supplychain. AI-based analysis optimizes the order fulfillment process. billion in 2021.
hundreds to low thousands) as globalization increased supplychain complexity. 20112015: Rising Professionalization Events like Gartner SupplyChain Symposium/Xpo and World Procurement Congress (nearing its 21st year by 2025) gained traction. ERP systems) and supplychain visibility needs. 2,000+ by 2022).
In 2024, the logistics and supplychain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. According to industry reports, over half of business leaders acknowledge the need for supplychain improvements, with 52% believing they could enhance their operations.
Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.
Next, Clinton Hazziez, System VP, SupplyChain Operations and Strategic Sourcing of Baylor Scott & White Health, the largest non-profit healthcare organization in Texas, spoke about his organization’s digital transformation journey. Hazziez illuminated how the healthcare industry optimizes its supplychain.
As-a-service models are expected to become more prevalent, with IDC forecasting that 65% of tech buyers will prioritize these models by 2026 This shift echoes the response to economic pressures and the need to fill talent gaps in IT operations.
Consider this, a forecast by IDC shows that global spending on AI will surpass $300 billion in 2026, resulting in a compound annual growth rate (CAGR) of 26.5% from 2022 to 2026. Why does AI need an open data lakehouse architecture?
So, how do you wade through the morass of GenAI hype to identify the players who will be around to celebrate the New Year in 2026? As previously stated, I do not doubt your level of sincerity and commitment to customers or your ability to deliver optimal value to a limited base. You ask and record the tough questions!
Let’s explore how the IBM® Maximo® Application Suite (MAS) can help you optimize the efficiency of your assets through operational emissions management. To manage these byproducts effectively, focus on optimizing your assets and identifying emerging issues early on. billion levied in 2026, rising to USD 1.8
What would a Martian expert in supplychain planning and technology think when looking back at earth? Closing the planning automation gap After more than hundred years of automating our physical assets in the supplychain, we now have automated warehouses, trucks, productions plants and delivery drones.
And by 2026, more than 80% of companies will have deployed AI) ) AI-enabled apps in their IT environments (up from only 5% in 2023). Personalization and user experience optimization. Conversion rate optimization and marketing. Pricing optimization. SaaS app development and management is no different.
By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate (CAGR) of nearly 20% , equating to $8.36 Autonomous procurement refers to the use of advanced technologies to streamline and optimize the procurement process. How can you leverage AI to optimize procurement? billion in the U.S.
According to a Gartner® report , “By 2026, more than 80% of enterprises will have used generative AI APIs or models, and/or deployed GenAI-enabled applications in production environments, up from less than 5% in 2023.”*
Gartner predicts that 15% of on-premises production workloads will run in containers by 2026. Containerization gives you greater flexibility and growth potential in deploying applications in any hybrid cloud environment that you can envision (and need). Don’t just keep pace with these advancements in technology. billion in 2022.
Through workload optimization an organization can reduce data warehouse costs by up to 50 percent by augmenting with this solution. [1] Supporting the data management life cycle According to IDC’s Global StorageSphere, enterprise data stored in data centers will grow at a compound annual growth rate of 30% between 2021-2026. [2]
The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supplychain disruption. The tight margins and the need to optimize costs in these fields led to a more structured approach to procurement departments and more relevance in their organizations.
We will decide and response faster in our supplychain and make higher quality operational and strategic decisions. I believe that soon enough it will become a must to provide new roles to young graduates for them to be interested in working in supplychain. These new operating models can create significant benefits.
Wind and solar photovoltaic (PV) power generation are forecast to exceed nuclear power generation in 2025 and 2026, respectively. The expansion of the solar PV supplychain is enabling the manufacturing necessary to meet the demands of the growing industry.
December 2026: Banks of EU non-Eurozone countries are required to support receiving SEPA instant payments. A proven solution with IBM Cloud: It is optimized for regulated industries , addressing the complex and evolving needs of the payments industry.
Following recent events like the pandemic, the shift to non-office work models, and supplychain pressures, the demand for business process transformation has accelerated. After all, it’s the process owners and day-to-day business process managers that have the most insight into blind spots and optimization opportunities.
Like 1Reply Vera Rozanova MBA, MCIPS Chartered, MEng (Hons)CPO-Chief Procurement Officer | Procurement Director | SupplyChain | Invited Lecturer | Author | Business Trainer | Transformation 2h Jon W. Hansen One of the key criteria for procurement when selecting an IT provider is their client base.
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