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How AI and Machine Learning Changed Procurement Management

CLX Logistics

From streamlining sourcing and supplier management to optimizing contract negotiations and spend analysis, AI and ML offer various capabilities that can revolutionize procurement management operations and drive sustainable value creation.

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Industry View: Peer-to-Peer Collaboration Efficiency

Logistics Business Magazine

Her newest report Resolving the Blockchain Paradox in Transport and Logistics points to the fact that 88% of the people who responded to her survey say that blockchain will disrupt the industry, yet nearly three-quarters (74%) say that they’re exploring opportunities only superficially or haven’t thought about blockchain at all.

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The Impact of Visibility In Fireproofing Inventories Against Volatility

Blue Grace Logistics

Multi-tier supply chains are made up of several single-level collaborations, or several supplier-to-buyer interactions, all of which add visibility to the supply chain. According to the survey, only 2% of organizations said that they were well prepared for the pandemic. Want A Free Supply Chain Analysis? logistical visibility.

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Defining the Full Scope of Visibility in the Supply Chain

Turvo

A report based on a survey by Finances Online found that the most critical inventory management practices for companies were forecasting (61.3%), warehouse management (50%), logistics (46.8%), and back-end technology (32.3%). And yet another system may be responsible for digital document management. .

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Buying RPA for Supply Chain: 5 Steps to Selecting the Right RPA Software Provider

RPA Labs

When asked what benefits were accruing from their adoption of a technologically advanced supply chain strategy, 52% of [respondents to a recent survey] cited the ‘ability to integrate data and leverage analytics to improve the planning process.’ Remember to Think About the Value of Digital Document Management and Integration.

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Use Digitization to Transform Chemical Supply Chain Planning Copy

CLX Logistics

2] Hence, it is no surprise that a recent industry survey found that 97% of respondents anticipate AI’s influence on product development and manufacturing. [3] Regulatory Compliance: Digitizing supply chain processes allows for real-time tracking and documentation, ensuring compliance with regulations throughout the supply chain.

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From the industry: A global freight audit and payment solution

Automotive Logistics

nVision Global’s online repository, iHistorical, along with an online rate library, stores customers’ negotiated contracts, rate cards and tariffs, imaged invoices and supporting documentation to form a quintessential reference plane in the audit process. This streamlines electronic submission of invoices and documentation.