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Digital Twinning of Supply Chains!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains. The physical supply chain is not easily changeable.

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The Importance of Supply Chain Visibility for Procurement

NLPA (Next Level Purchasing Association)

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them. million, up from $1.9

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Understanding Spend Management Perspectives: CFO, CEO, Procurement Director & Procurement Manager

NLPA (Next Level Purchasing Association)

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. We need to identify cost savings opportunities without compromising the quality of the products or services we procure.” “The

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Release Your AP Team with Invoice-to-Pay

ivalua

Therefore, by using the supplier’s desire for payment, and good quality data, top performing organizations can achieve high levels of straight-through-processing and automation. . This is because at each step; data is gathered, suppliers are onboarded, and deliveries are accepted. What Are The Benefits of Invoice-to-Pay?

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Procurement Strategy: Optimizing Your Path to Success

NLPA (Next Level Purchasing Association)

Case Studies in Action Walmart’s Transformation : Walmart leveraged its procurement strategy for cost savings and supply chain efficiency. They achieved this through supplier collaboration (sharing data) and consolidation (negotiating with fewer suppliers). This reduced costs and fostered supplier innovation.

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What CPOs Need to Know About Predictive Procurement Orchestration

Arkestro

Resources / Blog / What CPOs Need to Know About Predictive Procurement Orchestration What CPOs Need to Know About Predictive Procurement Orchestration The vast majority of Chief Procurement Officers (CPOs) believe in the power of procurement data to make better-informed decisions across their organization.

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The future of 5G: What to expect from this transformational technology

IBM Supply Chain Blog

Like its predecessors, 5G uses radio waves to transmit data. This is largely due to its ability to move large volumes of data swiftly and securely between connected devices at speeds never achieved before. AI and ML) require too much data to run at speeds offered by previous generations of wireless networks. How does 5G work?