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Adapting Supply Chains to the Digital Retail Revolution

SCMDOJO

In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. In addition to the ever-changing marketing landscape, the supply chain often fails. You need to integrate your supply chain management systems to meet this demand.

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Introduction to Supplier Consolidation

World of Procurement blog

To build stronger strategic relationships with their most capable suppliers, facilitating collaboration on product innovation, quality, sustainability, and continuous improvement. To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers. Seek innovative partners.

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Big Data Analytics: What It Is and Why It Is Important

Planergy

How to gain visibility and control of your indirect spend. One solution is to use big data analytics. This innovative field uses sophisticated algorithms and techniques to extract insights from large data sets. This software can partition the data into manageable chunks, which makes it easier to analyze. King Ocean.

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Inflation & Procurement

Procurement Templates

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?

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The 25 Hottest US Procurement Startups

Procurement Software

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.

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The 25 Hottest European Procurement Startups

Procurement Software

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Despite a slowdown in funding and a cautious economic outlook, there’s plenty of innovation in this space. Apadua Apadua is a professional services sourcing software, based in Cologne, Germany.

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Business process management (BPM) examples

IBM Supply Chain Blog

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. BPM software can automate repetitive tasks such as claim intake, validation, assessment, and payment processing—using technology such as Robotic Process Automation (RPA ).