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4 strategic sourcing use cases to strengthen your supply chain

IBM Services

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.

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Unlock retail visibility with B2B Mulesoft Integrations

Groove Technology

Without access to accurate, real-time data on everything from inventory levels to sales performance, it can be difficult for retail business owners to make informed decisions about how to optimize their operations, improve customer experiences, and stay ahead of the competition.

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T+1 – A radical change to your global operating model

Capgemini

Often, trading and booking systems do not contain or capture depos or intended settlement date inventory information; these calculations are left to the inventory management or SBL systems. This could cause settlement fails due to short inventory and result in interest claims.

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6 Ways Intelligent Automation Is Transforming the Pharma Industry

Automation Anywhere

Those triggers include stakeholders stopping by booths at trade shows, visiting the corporate website, or other actions they can take to solicit more information about a drug, indication, or reaction. Streamline supply chain and inventory management Supplier onboarding has always been a lengthy and problematic process.

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How generative AI can transform the aviation industry 

IBM Services

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.

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The Importance of Having a Big Data Strategy for Pharmaceutical Organizations

Infosys Consulting

Organizations of all sizes and across various industries are realizing the immense potential of leveraging big data to gain valuable insights, make informed decisions, and drive innovation. It helps organizations mitigate risks associated with data breaches, protect sensitive information, and adhere to legal and industry standards.

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11 Cost Reduction Strategies in Procurement

Obobo

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.