Remove Sourcing Remove Supply Chain Efficiency Remove Supply Chain Optimization Remove Value analysis
article thumbnail

Complete Guide to the Procurement of Materials

World of Procurement blog

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

article thumbnail

Complete Guide to the Procurement of Materials

World of Procurement blog

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

article thumbnail

How OLAP and AI can enable better business

IBM Supply Chain Blog

Online analytical processing (OLAP) database systems and artificial intelligence (AI) complement each other and can help enhance data analysis and decision-making when used in tandem. C-OLAP optimized data storage for faster query processing, while IM-OLAP stored data in memory to minimize data access latency and enable real-time analytics.

Data 58