Automation Inventory Management Regulations Sourcing 
IBM Services
FEBRUARY 13, 2024
For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.
Automation Anywhere
JULY 8, 2022
These are just a few of the benefits pharmaceutical, or “pharma,” companies are reaping from deploying intelligent automation. A 2020 Bain & Company survey shows that 84% of companies across all industries have accelerated their automation efforts, primarily due to the fallout from the pandemic. It’s not a moment too soon.
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SirionLabs
NOVEMBER 3, 2021
In developed markets, there is a potential for expansion into a broader supplier network (mid-tier spend), while emerging markets are still moving beyond the inventory management maturity to tap into supply chain finance for better working capital. Automated flagging of discrepancies or matches for approval.
SirionLabs
NOVEMBER 3, 2021
In developed markets, there is a potential for expansion into a broader supplier network (mid-tier spend), while emerging markets are still moving beyond the inventory management maturity to tap into supply chain finance for better working capital. Automated flagging of discrepancies or matches for approval.
Groove Technology
MARCH 6, 2023
Inter-relating data in different formats across different sources With an effective supply chain visibility system in place, retailers can integrate data from different sources, such as suppliers, distributors, and sales channels, and store it in a common format. This provides a centralized platform for data integration and analysis.
IBM Services
DECEMBER 4, 2023
Generative AI could also help maintenance, repair and overhaul (MRO) technicians by enabling them to retrieve relevant information more effectively for repairs, or by automating the creation of parts and equipment orders so repair or maintenance can start as soon as a plane lands.
Obobo
MARCH 23, 2023
Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.
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