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Inflation & Procurement

Procurement Templates

Value engineering: Engaging suppliers early in the product development phase and involving them in value engineering can lead to cost reduction. Supplier collaboration: Engage in collaborative discussions with suppliers to explore ways to manage and mitigate inflationary pressures together.

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How to Effectively Mitigate Supply Chain Risk in the Manufacturing Sector

Zycus Cognitive Procurement

According to their findings, only 20% of organizations continuously monitor risk activity. This is a major concern, especially in the manufacturing domain where risk management has detrimental effects on their end customers. Need for Supply Chain Risk. 4) Comprehensive view of supplier risk profiles.

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Generative AI use cases for the enterprise

IBM Supply Chain Blog

This includes technical documentation, user manuals and other relevant materials that accompany software development. Product development : Generative AI is increasingly utilized by product designers for optimizing design concepts on a large scale.

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Are you ready to be the manufacturer of the future?

ivalua

Analytics needs to serve as your primary compass for product development and how you bring your products to market. You must be able to capture buyer needs more effectively and create products that meet those needs in the shortest amount of time possible. Risk management. Mastery of analytics.

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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. It includes everything from product development and strategic decision-making to information systems and new technologies.

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Adapting Supply Chains to the Digital Retail Revolution

SCMDOJO

This report highlights that 97% of respondents anticipate AI impacting product development and manufacturing. #2 5 Cloud-Based Solutions Around 78% of respondents , companies like yours, are currently evaluating technology solutions to enhance operational efficiency for new product development.

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Hackett CPO Agenda: What’s Top of Mind in Procurement?

Jaggaer

Core activities like spend analysis are moving toward real-time, custom and predictive analytics, while less-mature analytics functions like risk management will join procurement’s list of fundamental responsibilities. Georg has been leading the Product Management team responsible for JAGGAER’s Direct software solutions since 2013.