2024-06-021echnology has dramatically transformed the procurement landscape in recent years, with artificial intelligence (AI) and data analytics at the forefront. These technologies are not only automating mundane tasks but also unlocking transformative insights.
07-05-24Schneider Electric, recognized for having the top supply chain in 2023 and 2024, showcases the importance of decarbonization and supplier visibility. Kenneth Engel explains that success hinges on controlling your supply chain and managing supplier relationships to enhance quality and reduce costs. Key strategies include focusing on top revenue components, detailed documentation, and leveraging digital tools like AI for efficiency. Downstream optimization involves effective forecasting, identifying top distribution partners, and using technology to streamline logistics. By adopting these practices, companies can drive growth and outpace competitors.
05-05-24WHave you ever wondered if you're paying the best price? Keeping track of your spending as a company is the most important factor to maintaining your bottom line. Being able to intuitively and quickly extract that information will determine if you are hitting your quarterly budgets for the year.