Supply Chain Management with AI: A Step-by-Step Guide
Don't miss this opportunity to bring your company to the next age of supply chain
Don't miss this opportunity to bring your company to the next age of supply chain
Construction & Infrastructure Procurement reimagined
A few months ago, we had a client who had all the right tools and the mindset to harness technology, yet they were missing a major opportunity—nearly $782K in savings slipped through the cracks.
Maximizing resource allocation is crucial for business growth, and data analytics paired with composable ERP architecture can be the game-changer. By integrating real-time insights, modular processes, and flexible systems, companies can drive efficiency and adaptability across all aspects of resource management. Composable ERP systems allow for faster decision-making, lower costs, and a clear path to innovation—turning insights into action and scaling growth seamlessly.
Schneider 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.
Technology 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.
WHave 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.