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Technology Trends in Procurement

Una

According to Verified Market Research , the global procurement software market will grow from $5.5 billion by 2028 at a CAGR of 7.6%. Benefits include cost savings, risk reduction, efficiency gains, transparency, agility, customer satisfaction, employee engagement, and much more. billion (2020) to a projected $9.5

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2020 Challenges and Solutions for HVAC Distributors

EazyStock

While demand is growing, so too is supply – and with it, distributors. The HVAC industry is already highly competitive and is predicted to grow 13% through 2028. Managing a vast number of SKUs across the entire supply chain is no mean feat. But increased competition isn’t the only obstacle that HVAC distributors face.

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Smart warehousing solutions and what they could mean for your business

Strategic Sourceror

As suppliers increasingly look for ways to overcome operational challenges in their warehouses, some are beginning to leverage smart warehouse technology like automation and artificial intelligence to improve the productivity of their warehouse associates and enhance their processing efficiencies. Brought to you by the StrategicSourceror.

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The advantages and disadvantages of private cloud 

IBM Supply Chain Blog

In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028, and it is forecast to increase by USD 619.08 Administrators control and manage their IT infrastructure using management software tools like APIs.

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Breaking down the advantages and disadvantages of artificial intelligence

IBM Supply Chain Blog

Control and transparency: Traditional programming offers developers full control over the logic and behavior of software, allowing for precise customization and predictable, consistent outcomes. And if a program doesn’t behave as expected, developers can trace back through the codebase to identify and correct the issue.

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The EU’s Corporate Sustainability Reporting Directive explained

IBM Supply Chain Blog

This move aims to achieve more complete and transparent sustainability reporting across the region. CSRD addresses a number of known shortcomings of NFRD, such as the vagueness of reporting requirements, resulting in inconsistent data, absence of climate disclosures, non-compliance and a general lack of transparency.