How AI Can Help Make Product Sourcing More Efficient
Procurement Freelancers
NOVEMBER 30, 2023
In today’s hyper-competitive business arena, pursuing efficient and cost-effective product sourcing is a linchpin for…
how-ai-can-help-make-product-sourcing-more-efficient 
AI in Logistics – The Ultimate Guide
Procurement Tactics
JUNE 19, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter AI in Logistics — The Ultimate Guide Artificial intelligence is rapidly revolutionizing industries and logistics is not an exception. What is AI?
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For the planet and people: IBM’s focus on AI ethics in sustainability
IBM Supply Chain Blog
APRIL 22, 2024
AI can be a force for good, but it might also lead to environmental and sustainability concerns. IBM is dedicated to the responsible development and deployment of this technology, which can enable our clients to meet their sustainability goals. As data use and processing activities increase, so too will global emissions.
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How generative AI will revolutionize supply chain
IBM Supply Chain Blog
MAY 1, 2024
Unlocking the full potential of supply chain management has long been a goal for businesses that seek efficiency, resilience and sustainability. AI tools help users address queries and resolve alerts by using supply chain data, and natural language processing helps analysts access inventory, order and shipment data for decision-making.
4 smart technologies modernizing sourcing strategy
IBM Supply Chain Blog
FEBRUARY 28, 2024
Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. In sourcing strategy, blockchain technology helps track orders, payments, accounts and more.
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New Year Insights for the procurement solutions and services marketplace 2024: GEP
Spend Matters
DECEMBER 21, 2023
We are highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them. And the maximum value can be extracted from these new tools through strategic integration.
The CFO’s role in the age of generative AI
IBM Supply Chain Blog
MAY 14, 2024
Despite the headwinds, there are tailwinds in which we can use new technology to enable CFOs to perform in their business partnering roles and drive productivity, cost take out, accuracy, control and business value. Read the report: CEO’s guide to AI in finance Unlocking the value CFOs are not expected to be technology experts.
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Inventory Forecasting — Everything You Should Know
Procurement Tactics
JUNE 6, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it? What is Inventory Forecasting?
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4 ways to empower small and medium businesses with generative AI
IBM Supply Chain Blog
NOVEMBER 6, 2023
Compared to large businesses, SMBs have fewer resources to help them weather an economic downturn or diversify into new value streams. By adopting these 4 best practices to invest in the right technology and leverage the most recent advances in generative AI , enterprises can unlock unique services for SMB customers.
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IBM and TechD partner to securely share data and power insights with gen AI
IBM Supply Chain Blog
APRIL 16, 2024
As technology expands, at TechD , we know that the quality of generative AI (gen AI) depends on accurate data sourcing. A reliable and trustworthy data source is essential for sharing information across departments. Our solution is a combination of IBM Db2 , IBM watsonx™ Assistant and NeuralSeek.
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Source-to-Contract — The Ultimate Guide
Procurement Tactics
MARCH 23, 2023
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. If you want to know about source-to-contract, then this is for you! What is Source-to-Contract?
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Intake for the practitioner: How intake cuts to the point
Spend Matters
MAY 15, 2024
So, intake focuses on receiving requests that go into processes that orchestration makes cohesive. For some, however, such a definition may still make intake management sound more like a gimmick than a sensible investment. The tool presents the person making the request with a set of questions that the Rithum team assembled.
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Retailers can tap into generative AI to enhance support for customers and employees
IBM Supply Chain Blog
DECEMBER 5, 2023
As the retail industry witnesses a shift towards a more digital, on-demand consumer base, AI is becoming the secret weapon for retailers to better understand and cater to this evolving consumer behavior. Generative AI excels at handling diverse data sources such as emails, images, videos, audio files and social media content.
Examples and uses of GIS
IBM Supply Chain Blog
DECEMBER 18, 2023
One of the largest sources of data is all around us—that is, geospatial data. This is information relating to the Earth’s surface, its climate, the people who live on it, its ecosystems and more. Agriculture GIS technology makes productive, sustainable farming possible by providing accurate, comprehensive data.
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Generative AI use cases for the enterprise
IBM Supply Chain Blog
FEBRUARY 13, 2024
Remember how cool it felt when you first held a smartphone in your hand? Before long, smartphones became a way of life for organizations worldwide because of all they offer for business productivity and communication. Streamline workflows with personalized content creation, tailored product descriptions and market-ready copy.
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Supply Chain Network Design — Everything About Supply Chain
Procurement Tactics
JUNE 8, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Supply Chain Network Design — Everything About Supply Chain Supply chain network design helps businesses to mitigate disruptions by configuring the supply chain. However, what is it? Why is it Important?
Vendor Scorecards — Everything You Should Know
Procurement Tactics
MAY 24, 2023
Of course, we will also teach you how to create your own vendor scorecards and the benefits you can gain by using one. Once you are done reading this article, you will know how important it is to have vendor scorecards to monitor the performance of your suppliers effectively. What Are Vendor Scorecards?
Renewable energy in action: Examples and use cases for fueling the future
IBM Supply Chain Blog
FEBRUARY 29, 2024
As more countries, companies and individuals seek energy sources beyond fossil fuels, interest in renewable energy continues to rise. In fact, world-wide capacity for energy from solar, wind and other renewable sources increased by 50% in 2023. Biomass is sometimes considered a source of renewable energy.
Global Supply Chain — Everything About Supply Chain
Procurement Tactics
JUNE 5, 2023
51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! We will discuss why it is important and the benefits you can gain from the global supply chain. Additionally, we will tell you some tips on how to improve your global supply chain. However, What is it? Why is it Important?
Getting ready for artificial general intelligence with examples
IBM Supply Chain Blog
APRIL 18, 2024
While AGI remains theoretical, organizations can take proactive steps to prepare for its arrival by building a robust data infrastructure and fostering a collaborative environment where humans and AI work together seamlessly. NLP techniques help them parse the nuances of human language, including grammar, syntax and context.
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The most valuable AI use cases for business
IBM Supply Chain Blog
FEBRUARY 14, 2024
When thinking of artificial intelligence (AI) use cases, the question might be asked: What won’t AI be able to do? The easy answer is mostly manual labor, although the day might come when much of what is now manual labor will be accomplished by robotic devices controlled by AI. We’re all amazed by what AI can do.
New Year Insights for the procurement solutions and services marketplace 2024: Globality
Spend Matters
JANUARY 19, 2024
This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them. The motor of this welcome, if not long-overdue, change: artificial intelligence (AI).
The future of application delivery starts with modernization
IBM Supply Chain Blog
APRIL 10, 2024
Where and how these applications are deployed will impact time to market and value realization. CIOs can enable application modernization through several factors 1. The effect has increased exponentially with the advent of AI, ML, Hybrid Cloud, DevSecOps and there are more advances coming.
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Procurement Tracking – Everything You Should Know
Procurement Tactics
JUNE 28, 2023
In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. These elements are the main focus of monitoring the procurement process of your company and are the factors that determine whether the procurement is efficient and feasible.
What can AI and generative AI do for governments?
IBM Supply Chain Blog
SEPTEMBER 20, 2023
Few technologies have taken the world by storm the way artificial intelligence (AI) has over the past few years. AI and its many use cases have become a topic of public discussion no longer relegated to tech experts. AI’s value is not limited to advances in industry and consumer products alone.
Streamlining supply chain management: Strategies for the future
IBM Supply Chain Blog
FEBRUARY 19, 2024
The challenges continue: one 2023 survey found 44% of companies had to make changes in the past year due to issues with their supply chain footprint, and 49% said supply chain disruptions had caused planning problems. But with the right tools and priorities, each step in the process can run smoothly.
AI code-generation software: What it is and how it works
IBM Supply Chain Blog
SEPTEMBER 19, 2023
Using generative artificial intelligence (AI) solutions to produce computer code helps streamline the software development process and makes it easier for developers of all skill levels to write code. It can also modernize legacy code and translate code from one programming language to another.
ESG in Procurement — Embracing Sustainability
Procurement Tactics
JUNE 6, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter ESG in Procurement — Embracing Sustainability ESG in procurement is continuously integrated by many businesses to foster sustainability in their processes. To learn more about this, check it out here.
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6 ways generative AI can optimize asset management
IBM Supply Chain Blog
FEBRUARY 5, 2024
Every asset manager, regardless of the organization’s size, faces similar mandates: streamline maintenance planning, enhance asset or equipment reliability and optimize workflows to improve quality and productivity. They can generate responses like text and images, while simultaneously interpreting and manipulating existing data.
The re-rise of conversational AI for procurement efficiency and how to integrate it into your processes
Spend Matters
FEBRUARY 13, 2024
Neither oral nor text-based conversational AI (also known as conversational user experience [CUX] and conversational interfaces [CUI] the latter of which include chatbots) is by no means new, despite the relatively recent prolific uptake by procurement solution vendors.
The AI Advantage: Unlocking New Value for Procurement Teams
World of Procurement blog
MAY 10, 2024
The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently.
JOB ORDER – Everything You Should Know
Procurement Tactics
JULY 2, 2023
A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. Here are some factors that can make a job order successful: 1. What is a Job Order?
Commodity Trading — Everything You Should Know
Procurement Tactics
JUNE 28, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Commodity Trading — Everything You Should Know Commodity trading plays a vital role in the way of how our lives work and how the economy functions. What are Commodities?
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The Evolution of Logistics: Connectivity, Data Integration, and Virtual Design
SCMDOJO
APRIL 9, 2024
The Industrial Revolution gave rise to large-scale production and transportation efficiency, which led to the modern logistics landscape that we know today. With one tap on a screen, we can activate the flow of goods from an e-commerce store halfway around the world to our doorstep.
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How the Masters uses watsonx to manage its AI lifecycle
IBM Supply Chain Blog
APRIL 9, 2024
Through a partnership spanning more than 25 years, IBM has helped the Augusta National Golf Club capture, analyze, distribute and use data to bring fans closer to the action, culminating in the AI-powered Masters digital experience and mobile app.
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The difference between traditional AI and GenAI in S2P
Spend Matters
JANUARY 23, 2024
AI existed for a long time before generative AI (GenAI) emerged. It enabled organizations to tackle more complex scenarios, and its current use cases are making processes much more impactful while augmenting human knowledge and capability. It basically multiplies efficiency through higher process automation.
How Machine Learning is Transforming Supply Chain Management
Una
APRIL 23, 2024
How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. As the divide widens, the impact on businesses becomes more pronounced, with smart supply chains soaring ahead while their counterparts fall behind.
AI in procurement – The machine/human paradox
Spend Matters
MARCH 27, 2024
In fact, more than 80% of CPOs, it states, indicated that digital transformation is a top priority, with a specific focus on GenAI, because “… AI tools can help procurement professionals identify trends and patterns that are otherwise impossible to tease out, thereby enabling more informed decisions from supplier selection to contract negotiation.”
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4 Ways Modern Software will Empower Digital Procurement
ivalua
MAY 6, 2021
In a recent webinar , Ivalua’s CMO Alex Saric and Forrester’s Vice President and Principal Analyst Duncan Jones revealed the findings from a new Forrester survey on how Procurement can help restore growth and ensure business resilience. . SVM Is a $12 million Category. 2) Shift from drilling down to alerting up.
How the Digital Transformation is Changing Procurement
Procurement Heads
DECEMBER 16, 2022
However, our article ‘What’s Happening in the Procurement Recruitment Market’ states that we are entering volatile and uncertain times – affecting the ease with which companies can recruit the best procurement professionals. Here’s how digital transformation is elevating procurement.
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Procurement 101: Your Essential Guide to Strategic Sourcing
World of Procurement blog
MAY 8, 2024
It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Purchasing is more transactional and tactical. Purchasing's value-add is more limited. Purchasing relies on more basic solicitation processes.
9 Best US Lumber Suppliers – Industry Outlook, Considerations, Pricing, and Reviews
Procurement Tactics
JUNE 30, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter 9 Best US Lumber Suppliers — Industry Outlook, Considerations, Pricing, and Reviews The US based Forest Economic Advisors, LLC (FEA) predicted a 16% US housing drop in 2023. Here are four key considerations: 1.
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How will Generative AI in Procurement impact us?
Procurement Software
MARCH 19, 2024
When you hear the words Generative AI in Procurement, your reaction is probably one of two things: Either you get excited, thinking of all the benefits and time-saving hacks it could offer. We therefore must try to understand what potential impact generative AI could have on procurement organisations.
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Achieving cloud excellence and efficiency with cloud maturity models
IBM Supply Chain Blog
MAY 17, 2024
They help an organization assess how effectively it is using cloud services and resources and how cloud services and security can be improved. Cloud adoption maturity model This maturity model helps measure an organization’s cloud maturity in aggregate. Why move to cloud?
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