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Across industries, AI is capable of reshaping procurement, making it smarter, more predictive and highly efficient. In this article we will highlight some of the key changes AI has made to procurementstrategies in the following industries: manufacturing and industrials, life sciences and healthcare, and the public sector.
Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . Enhanced contract visibility. So without further ado, let’s start uncovering contract management. .
Stronger risk management and supplychain resilience Effective collaboration provides greater visibility into potential risks, such as raw material shortages or market disruptions. Supplychainvisibility and transparency A key feature of supplier collaboration tools is enhanced visibility into the supplychain.
It covers quotes, tracking, production, and supplychain management, which considerably enhances efficiency for its users. Recognised for its ability to significantly reduce production lead times and improve supplychainvisibility, Jiga has earned the trust of top-tier global companies.
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