Digitalisation

Procurement Pro Digitalisation
Digitalisation

Machine Learning Already Optimizes Supply Chains

Doesn’t it seem that on some level machine learning is still “out there,” somewhere in the future like quantum computing? AI-based applications, machine-learning being one of them, are flooding in and supply chain is a beneficiary. Given the vast amounts of complex data supply chains create, machine learning is adept at analyzing the information, enhancing

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Digitalisation

Why You Should Invest in a Procure-to-Pay System

Procure-to-Pay, aka “Purchase to Pay,” “Req to Check,” “Order to Cash,” and P2P refers to “a seamless process enabled by technology designed to speed up the process from point of order to payment,” according to the Chartered Institute of Purchase and Supply (CIPS). The typical procure-to-pay (P2P) cycle includes the following steps: Most P2P systems

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Digitalisation

3 Keys to Every Digital Supply Chain [In Order to Overcome Volatility and Uncertainty]

How do you drive better supply chain operations? The answers lie within the digital supply chain. The potential of digital trends on the supply chain gets professionals excited but also heightens confusion. According to a 2017 Gartner survey of 318 supply chain organizations worldwide, 75% reported concerns about the governance of digital projects. Yet corporate

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Digitalisation

Can Digital Piracy Boost Bottom Line for Manufacturers, Retailers?

Next month, HBO’s popular television series “Game of Thrones” returns, but millions of fans continue to illegally download the program, making it one of the most pirated programs in existence. Surprisingly, digital piracy may actually reduce, or completely eliminate at times, the adverse effect of double marginalization, an economic concept where both manufacturers and retailers

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