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Can AI Mitigate Inherent Procurement Risks from the Supply Chain?

Dataversity

Everyone involved in the supply chain knows procurement is an integral part of any business. But there is a hidden risk in the procurement process. Companies may experience various problems in the procurement process, […]. The post Can AI Mitigate Inherent Procurement Risks from the Supply Chain?

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From Procurement to Distribution: Optimizing the Supply Chain with EDI

Astera

How EDI Can Optimize the Supply Chain Procurement Implementing EDI in the supply chain enables the automation of the entire procurement process. It facilitates seamless communication between buyers and suppliers by electronically exchanging purchase orders, invoices, and other relevant documents.

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Seven Benefits of Using AI to Perform Text Analysis

Smart Data Collective

Multiple emails, social media posts, blogs, articles, and other text forms are generated daily. This problem will not stop as more documents and other types of information are collected and stored. This problem will not stop as more documents and other types of information are collected and stored. Why is text analysis needed?

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How Pet Family Used Data to Thrive Under COVID

Sisense

In procurement, saving time on reporting has allowed the team to focus fully on further developing new products, improving the supply chain, and performing other tasks that will generate revenue for the business. Managers then link these insights back to supply chain management and procurement by joining up the data.

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There are no agile contracts!

Agile Business Consortium

We would like to share an alternative solution, from Mirko Kleiner, Founder of Flowdays and the Lean-Agile Procurement Alliance. The following is a blog extract taken from Mirko’s original post which can be read here. In our cases with Lean-Agile Procurement, we’re applying this principle of co-creating very successfully.

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What is Trade Finance?

The BAWorld

Key Trade finance documents and products. Some of the key document and products used in trade finance are as follows: Letter of Credit [LC] Bank Guarantees [BG], Post shipment[PSFC] and Pre-shipment [PCFC], Discounting of Bills, Overdraft Facilities, Term Loan, Working capital Loans, Buyers and Suppliers Credit, and Supply Chain Finance.

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BABOK vs PMBOK Guide: What’s the Difference?

Watermark Learning

A post from the Watermark Learning Project Brief Blog. This guide focuses on helping people understand how to work with stakeholders toward common goals and determining and documenting the business’s requirements. appeared first on Watermark Learning Blog. The post BABOK vs PMBOK Guide: What’s the Difference?