Remove Demo Remove Real-time Visibility Remove Supply chain resilience
article thumbnail

Predictive Procurement: Overcoming Challenges in Health and Pharma

Arkestro

To address supplier challenges, you must ensure your preferred providers can meet your changing needs and that you have a diverse supply base. Supply Chain Visibility. Supply chain visibility is another critical issue. Predictive Procurement Supports Supply Chain Resilience and Visibility.

article thumbnail

Why Predictive Procurement in Health and Pharma is the Future

Arkestro

At the same time, digital acceleration and the need for agility have expanded the role of procurement and finance from cost-management functions to broader champions of risk management, strategic decision making, and business agility.”. . Failure resulted in highly visible shortages, public scrutiny, and loss of life.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

AI in commerce: Essential use cases for B2B and B2C

IBM Supply Chain Blog

Generative AI activates predictive analytics and forecasting, enabling businesses to anticipate and respond to changes in demand, reducing stockouts and overstocking, and improving supply chain resilience. For example, generative AI can create 360-degree product views, interactive product demos, and virtual try-on capabilities.

article thumbnail

Supply Chain Risks: Different Types and How To Mitigate Them

Planergy

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. Other times, it could be because of bad decisions or poor judgment.

Risk 52
article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Common procurement metrics include spend under management, savings targets, supplier lead time reduction, procurement process efficiency gains, sustainability metrics and more.