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How Machine Learning is Transforming Supply Chain Management

Una

Demand forecasting & inventory optimization Can we finally bid goodbye to overstocked warehouses and disappointed customers? Why Do We Need Supply Chain Visibility? It allows for enhanced decision-making, streamlined operations, and the ability to tackle challenges head on with precision.

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How is technology transforming global sourcing ?

Claritum

Do you have visibility of a global supply chain? If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. Supply chain visibility is poor. %.

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Struggling with bespoke purchases?

Claritum

Often, with bespoke purchases, there is no supply chain visibility. Users should be able to create a structured closed bid RFx (RFQ/RFP) process. Buying in this way means that organisations are offered no price leverages and end up paying higher prices. Damage to reputation. Project based sourcing of bespoke items.

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Struggling with bespoke purchases?

Claritum

Often, with bespoke purchases, there is no supply chain visibility. Users should be able to create a structured closed bid RFx (RFQ/RFP) process. Buying in this way means that organisations are offered no price leverages and end up paying higher prices. Damage to reputation. Project based sourcing of bespoke items.

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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers.

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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

Competitive bidding, which optimises cost. Some of the more advanced procurement software offering source-to-pay functionality can also provide: Reverse auction capability, with complex functionality for bid and proposal evaluation criteria. End-to-end supply chain visibility ensures more synergy in cooperation.