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Companies Need to Create Data-Centric Procurement Processes

Smart Data Collective

Companies are using big data in countless aspects of their business models, including the procurement processes. However, procurement departments have increasingly lagged behind in companies’ quests to digitize their workflow. They are expected to spend $9.3 billion on supply chain data analytics in 2026.

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Logistics, Data, and AI: Key Learnings from the Pandemic

Dataversity

And with this in mind, earlier this year, we commissioned an in-depth report on how the pandemic impacted the freight procurement industry, by speaking with hundreds of shippers with $100 million-plus in annual freight spend. The post Logistics, Data, and AI: Key Learnings from the Pandemic appeared first on DATAVERSITY.

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Leverage Blockchain Technology for Supply Chain Management

BizAcuity

Quite recently, the logistics industry was introduced to Edge and Fog cloud computing , to make the use of IoT devices (for analytics) cost-effective and efficient. This also meant leveraging blockchain technology for supply chain management could revolutionize the logistics industry forever. Industry 5.0 Traceability of goods.

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From Traditional to Modern EDI: Navigating the Digital Transformation Journey

Astera

In the current business atmosphere where companies rely heavily rely on digital platforms, it’s vital to understand how data is exchanged and transformed. Traditional EDI replaced these labor-intensive, paper-based processes with more efficient digital ones, streamlining data exchange and accelerating business transactions.

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Best Dashboard Ideas & Design Examples To Boost Your Business Success

Data Pine

With so much data available to today’s brands and businesses, to extract every drop of value from an ever-growing raft of digital insights and set the kind of KPIs that will drive your venture forward, having an easy to use, a visually-stunning dashboard is key. 8) Procurement KPI Dashboard. 6) Customer Satisfaction Dashboard.

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The Game-Changing Role of Custom Inventory Management in Supply Chain

Fingent

Supply chain management is a complex web of processes that involve the seamless coordination of procurement, production, distribution, and more. Among these, inventory management stands out as a pivotal aspect that can make or break the entire system.

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Leveraging AI and Workflow Automation in Manufacturing

Argon Digital

In manufacturing, ERPs can automate processes like procurement, production planning, and financial management. Notable BPM solutions include: Jitterbit Mulesoft Workato Digital Twin Platforms: Digital twin technology creates virtual replicas of physical assets and processes, allowing manufacturers to simulate and optimize operations.