tag Procurement Data Analytics Blog Related Topics 
World of Procurement blog
MAY 20, 2024
Contract lifecycle management (CLM) software has become an invaluable tool for procurement teams looking to optimize their contracting processes. As procurement organizations deal with an increasing volume and complexity of contracts, they need solutions to effectively manage the entire contract lifecycle from request through closeout.
IBM Supply Chain Blog
JUNE 20, 2023
Procurement and installation: The next stage of the asset lifecycle concerns the purchase, transportation and installation of the asset. Data management and storage requirements vary widely from country to country and are constantly evolving. Reduced maintenance costs and downtime: Monitor assets in real time, regardless of complexity.
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IBM Supply Chain Blog
FEBRUARY 14, 2024
Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.
Procurify
JULY 18, 2022
Like so many business workflows, the procure-to-pay (P2P) process is a minefield of potential errors, avoidable costs and delays. However, less than 50% of procurement workflows are currently being automated. . Enter procurement process automation. . What is procurement process automation? Written by: Alex Cohen.
World of Procurement blog
MAY 8, 2024
Demand forecasting utilizes historical sales data, market trends, and customer insights to predict future demand. Areas to drive efficiency include inventory management, logistics, warehousing, and procurement. Technological advancements have enabled real-time data sharing and visibility across global supply chains.
Supply Chain Game Changer
APRIL 29, 2021
Technological advancement will work as a catalyst in digitizing supply chain management, bring about changes in the existing system of delivering products and services, and overhaul the process of generating and sharing data across a more diverse set of functions. Data analytics provides actionable insights to save time, effort and cost.
Zycus Cognitive Procurement
DECEMBER 11, 2020
Common procurement myths about the use of AI in procurement are widespread today in the age of AI and automation. According to a Hackett group report, 46% of procurement leaders plan major investments in AI to improve their procurement processes.
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