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10 manufacturing trends that are changing the industry

IBM Business Partners

Machine learning algorithms, for instance, can be trained to identify patterns in the data and manage decision-making based on those patterns, allowing manufacturers to catch quality issues early in the production process. How can you harness the power of AI to operationalize sustainability?

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Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs

Planergy Software

Additionally, since it requires minimal effort and resources compared to other cost analysis methods, it has become a popular choice among many businesses looking for ways to optimize their budgeting process. How Pareto Analysis Helps Your Procurement Strategy?

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Procurement Costs and How Businesses Can Reduce Them

Planergy Software

By understanding how procurement costs are created and the tools and process improvements you can use to reduce them, you can: bolster your company’s bottom line; strengthen your inventory and supply chain management; and build strong supplier relationships, too. Procurement Costs: An Overview.