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Agentic AI in Supply Chains: The Future of Decision Making

SCMDOJO

This leap in AI capabilities is revolutionizing industries, and AI-driven supply chain management is no exception. Agentic AI takes this a step further by enabling autonomous supply chain systems. Automates bidding processes and cost optimization. Enhances AI-driven supply chain resilience.

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The Rise of Women in Supply Chain: Career Choice

SCMDOJO

In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.

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How Machine Learning is Transforming Supply Chain Management

Una

How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. Machine learning, a subset of AI, has emerged as a game-changer in the world of supply chain management.

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9 Steps to Improving Supplier Collaboration for Competitive Advantage

Jaggaer

Supplier collaboration serves as the foundation for supply continuity, agility, risk management, and resilience when disruptions occur. 2: Invest in Relationship Management Supplier relationship management (SRM) can foster a culture of transparency between businesses and their suppliers.

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The Discovery of Procurement Value

The Good Spending

It assumes that the winning bid includes solid commercials and non-material benefits, e.g., improvements in end-user experience. Procurement must work closely with the supply chain to optimize depreciation exposure to sell or dispose of slow-moving or obsolete inventories. Such an approach may be accused of subjectivity.

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3 Key Steps to Increase Operational Efficiency in Procurement

Procurement Software

Sustainability initiatives within the supply chain. Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Supplier innovation.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Conduct supply chain audits and due diligence on high-risk categories. Diversify suppliers across geographies to reduce concentration risk.