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Does a 2008 answer to a question on “optimization modeling” still stand in 2024?

Procurement Insights

EDITOR’S NOTE: More than two decades ago, the foundational elements for successfully utilizing advanced, self-learning algorithms to optimize the procurement process using an agent-based model were well established. Monte Carlo) used to determine supply chain optimization. If so, what was it? I hope this helps.

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Do ERP-centric environments help or hurt ProcureTech solution implementation Success?

Procurement Insights

Coupa, Jaggaer, Ariba) is a critical factor in procurement success or failure, given their overlapping goalsstreamlining processes, integrating data, and optimizing spend. As of March 3, 2025, the interplay between ERPs (e.g., SAP, Oracle, Microsoft Dynamics) and procuretech solutions (e.g.,

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Blockchain for Supply Chain: A Comprehensive Guide for Businesses

SCMDOJO

Blockchain technology is revolutionizing the way businesses manage their supply chains. By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supply chain can help increase efficiency, reduce costs, and improve trust between suppliers and customers.

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For What It’s Worth: Tackling the supply chain digital transformation shortage, optimizing your negotiations amidst all of the chaos, and COVID four years later”

Procurement Insights

MUSING #1 In the age of information, it’s surprising that supply chain digital transformation isn’t as readily available as one would expect. Are you optimizing your negotiations amidst all of the chaos? So, I put the following search term into Google, “optimizing your negotiations amidst all of the chaos?

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The Links Between Agentic AI, Strand Commonality, Similarity Heuristics, Iterative Methodologies And Why It is Important to Procurement

Procurement Insights

My First Procurement Insights Post on Strand Commonality (Excerpt) – Optimization Modeling and the Modern Supply Chain (A PI Q and A) by JonHansen (March 2008) Numerous studies and reports have been published on the various methods (e.g., Monte Carlo) used to determine supply chain optimization.

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2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

Impact of Globalization and Supply Chain Complexity : The complexity of global supply chains highlighted procurement’s role in managing risks, ensuring continuity, and driving efficiencies. CIOs recognized procurements role in optimizing IT spend and driving efficiency.

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Transforming The Theory Of Constraints To The Agent-Based Development And Implementation Model For Today’s AI

Procurement Insights

The core principle of TOC is that every system has at least one constraint that determines its overall output, and by optimizing that constraint, significant improvements can be achieved. Example: If a slow approval process is the constraint in procurement, optimizing workflows, reducing paperwork, or automating approvals can help.