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How the importance of risk management has changed for procurement – and what to do about it

Spend Matters

As little as 10 years ago, we heard stories of pretty much indifference to risk: “supply risk management was young,” we heard, and “we didn’t worry too much about risk; we spent a very small percentage of our time on it.” But from my experience, each team does this very differently, with each using its own technology to manage risk.

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The Best Ways to Use Project Management to Build Resilient Supply Chains Amid Global Disruptions

SCMDOJO

Businesses must find effective ways to strengthen their networks and improve flexibility to maintain stability during uncertain times. One of the most effective strategies for building resilience is integrating project management into supply chain operations. Enhance visibility across the supply chain through structured reports.

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Aligning Finance and Procurement – Phase 4: Leveraging technology to bridge the Finance–Procurement gap

Spend Matters

Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management.

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Can AI Finally Solve Supply Chain Disruptions? Logility’s New Tech Promises Real-Time Optimization – StockTitan

Let's Talk Supply Chain

their new real-time optimization tool, stocktitan, aims to revolutionize the way businesses navigate disruptions and ensure seamless operations. let’s delve into the world of AI in supply chain management and explore the potential of Logility’s game-changing innovation.

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The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency.

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Level up your procurement with AI: From quick wins to game-changing strategy

Spend Matters

From simple automations that save time to sophisticated strategies that drive major business value, embedding AI in your business processes can provide immense value. AI also enhances supplier profile management, enriching, verifying and completing supplier data to provide a more comprehensive view of risks and opportunities.

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The AI advantage: Why procurement can’t afford to sit on the sidelines

Spend Matters

The days of relying solely on traditional processes to manage suppliers, contracts and spend are quickly fading. big data) in real time, spotting correlations and trends that would otherwise go unnoticed. Optical character recognition (OCR) digitizes invoices and contracts, eliminating time-consuming manual data entry.