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AI in procurement: How different industries are harnessing its power

Spend Matters

Supply chain disruptions whether from geopolitical shifts, weather events or logistical breakdowns are nearly impossible for humans to predict alone. Thats where AI steps in, offering a proactive approach to predicting supplier lead times and optimizing demand forecasts for buyers.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

Sustainable master data management and governance: As much as 55% of projects fail due to data management issues. ERP solutions often lack robust capabilities around managing all of the data attributes for products and vendors, and cannot update them in real time or in an automated fashion. The post ERP vs.

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Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more.

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Webinar Recap: Data as the Driver of Effective Procurement Transformation

ivalua

Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation. Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supply chain challenges.

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What is Supply Chain Management? A Guide to Success

SCMDOJO

Efficient transportation systems minimize delays, reduce costs, and ensure timely delivery to customers. This involves supplier selection, negotiation, and contract management to ensure timely and cost-effective procurement. Customer Service: Customer service is an integral part of supply chain management.

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

Procurement Insights

Core Platform and Capabilities Third Party Operating System (OS) Digital Backbone: Certas platform acts as a single, modular, and scalable operating system for managing all third-party relationships, including suppliers, customers, and partners. SAP GRC Real-time GRC and risk management for SAP-centric organizations.

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Building Resilient Supply Chains

Una

Key elements include diversified sourcing, real-time visibility, strategic inventory management, and the ability to quickly respond to disruptions. Companies that had invested in semiconductor supply chain resilience were able to maintain production and avoid costly delays.