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AI in procurement: How different industries are harnessing its power

Spend Matters

Life sciences and healthcare: Enhancing supply chain visibility and compliance For life sciences and healthcare, procurement is a complex dance involving medicines, medical supplies and strategic services spread across a global landscape.

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Supply chain visibility in the energy and utilities industry

IBM Supply Chain Blog

Visibility. Visibility into other key inventory (e.g., Automate to ensure consistent service levels Without real-time demand sensing combined with visibility into performance across supplier networks, increasing grid/energy demands for consumers and growing communities can lead to product excess or shortages.

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Choosing the Right ERP System for Manufacturing: Key Features to Consider

Jaggaer

Pairing a dedicated Source-to-Pay (S2P) solution with ERP strengthens procurement by enhancing visibility into supplier performance, automating workflows, and enabling smarter decision-making. Manufacturers can improve supply chain visibility, optimize logistics, and reduce costs associated with inefficiencies.

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The Dirty Little Secrets in Procurement!

Supply Chain Game Changer

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases. Dirty Little Secret #1.

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A Provider/Practitioner Request For A RAM 4-Model Assessment* Of Certa.ai (RESULTS)

Procurement Insights

Advantage AI-First Automation End-to-end automation, from onboarding to risk and compliance, with AI at every step. Ensuring robust data privacy, end-to-end encryption, and compliance with global regulations (GDPR, CCPA, etc.) Budget Constraints Odds of Success: 85% Why: Certa.ai Key Differentiators Feature Certa.ai

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The Reality of Automation in Procurement!

Supply Chain Game Changer

In the end, the company can understand its costs and budgeting better. Automation of procurement processes, along with a seamless integration of the other systems such as ERP, WMS, and TMS, will ensure enhanced supply chain visibility. Digital automation ensures that the data in the system is correct. Conclusion.

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The 25 Hottest US Procurement Startups

Procurement Software

It also tracks wear & tear, monitors capacity, and allows for budget management. Requis Requis is a Texas-based startup offering a supply chain solution with a focus on capital equipment purchasing. Additionally, analytics features grant you deeper visibility into your supply chain.