SCMDOJO

FEBRUARY 16, 2025

They can proactively identify risks, optimize processes in real time, and even negotiate supplier contracts without human oversight. These AI agents leverage real-time data, predictive analytics, and generative AI to enhance resilience, reduce costs, and improve overall efficiency in AI-driven supply chain resilience.

Supply Chain Efficiency 73

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 73

Let's Talk Supply Chain

FEBRUARY 27, 2025

Strategies to Mitigate the Impact of Inflation on Supply Chain Costs In the face of double-digit inflation, companies‍ in ‍the service supply chain industry need to be proactive in mitigating the impact ‍on supply chain costs.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Demand 52

Procurement Insights

JANUARY 3, 2025

20202024: Procurement as a Strategic Business Partner Accelerated Evolution During the COVID-19 Pandemic : The pandemic underscored procurement’s role in ensuring supply chain resilience , managing disruptions, and navigating shortages. Professionals became more involved in ensuring supply chain resilience and continuity.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

The Procuretech Podcast

JUNE 18, 2024

DigiProc automates supplier negotiations for tactical and tail spend. Alpas AI offers AI-driven supplier discovery and sourcing. Contingent assesses supplier risk and builds supply chain resilience. TrueLedger manages real-time contract evaluation and management for professional services.

supply chain software solutions 40

supply chain software solutions Procurement supply chain budgeting Eprocurement 40

Procurement Insights

MAY 25, 2024

Using Mintec data in supplier negotiations, they can control price inflation and reduce proposed price increases across branded and private-label goods. “We save a small proportion in a single negotiation using Mintec, but these savings can be significant when you spread it out across the year.”

Sustainability 40

Sustainability Supply chain resilience Supply Chain Efficiency Data 40

TYA Suite

NOVEMBER 15, 2024

. : Based on the risk assessment and supplier evaluations, businesses develop specific strategies to mitigate identified risks. Companies may also establish backup suppliers for critical components to ensure continuity in case of disruptions. Continuous monitoring is crucial for effective supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Dual sourcing and supply chain digitization can help.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52