Our aim is to offer guidance on the ever-changing decision-making processes in the electronics sector and become the "go-to" guide for industry professionals looking to source top components.
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
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.
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
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
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
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