Digitalisation

Procurement Pro Digitalisation
Digitalisation News

Luminovo partners with Zollner to revolutionise electronics supply chains

Zollner Elektronik has selected Luminovo, a quoting, procurement, and collaboration software for the electronics supply chain, as a core partner for its digitalisation strategy. The additional time capacity gained would be used to focus on the diverse needs of its customers. The two companies would build on their collaboration that led to the launch of

Read More
Digitalisation Industry Insights

Impact of IoT and Industry 4.0 on electronic component demand in industrial markets

Author: Paige West, Editor, Procurement Pro The advent of the Internet of Things (IoT) and Industry 4.0 has revolutionised the industrial landscape, heralding an era of connectivity and automation. These technological paradigms have significantly influenced the demand for electronic components, especially sensors, connectivity modules, and smart controllers. Procurement Pro’s Paige West looks at how these

Read More
Digitalisation

Mouser explores the world of 5G with technical resource centre

Mouser Electronics provides engineers with insightful and trusted resources in its 5G content hub. Mouser’s technical resource centre offers knowledge about the expansion of the reliable low-latency network. This global wireless standard offers increased bandwidth, enabling devices to connect from further distances at faster speeds, as well as enhancing machine-to-machine contact for a connected future.

Read More
Digitalisation

Why Haven’t You Automated Accounts Payable Yet?

Accounts Payable handles so much more than just paying incoming bills and invoices, particularly given today’s unrelenting global challenges. Manual Payment is Out When payments are manual, it goes like this: Receive a paper invoice Manually enter or scan invoice Manually route invoice to designated staff for approval Send payment Manually record payment for records

Read More
Digitalisation

EDI, Punchout, and API What’s the Difference, and Why is Each Important?

  • by
  • 18 November 2021
  • 2 minutes read

It wasn’t that long ago that far too many processes involving sharing data, accessing products, and connecting within the supply chain were performed manually. When we dissect the use of Electronic Data Interchange (EDI), Punchout, and API, we see that this connection, access, and communication, has dramatically evolved. Here’s a look at how, where each

Read More
Digitalisation

ERP and SCM is all About Risk

  • by
  • 29 October 2021
  • 2 minutes read

Increasingly, businesses are discovering the internal benefits of Enterprise Resource Planning (ERP) to manage business data, maximize systems and working processes while gaining substantial operational efficiency. Externally, Supply Chain Management (SCM) enables businesses to better interact with various suppliers and partners and access the raw materials and resources necessary to bring their products to market.

Read More
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

Read More
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

Read More
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

Read More
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

Read More