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Companies Need to Create Data-Centric Procurement Processes

Smart Data Collective

Companies are using big data in countless aspects of their business models, including the procurement processes. However, procurement departments have increasingly lagged behind in companies’ quests to digitize their workflow. They are expected to spend $9.3 billion on supply chain data analytics in 2026.

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Logistics, Data, and AI: Key Learnings from the Pandemic

Dataversity

And with this in mind, earlier this year, we commissioned an in-depth report on how the pandemic impacted the freight procurement industry, by speaking with hundreds of shippers with $100 million-plus in annual freight spend. The post Logistics, Data, and AI: Key Learnings from the Pandemic appeared first on DATAVERSITY.

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The Evolving Role of Analytics in Supply Chain Security

Smart Data Collective

They are also using data analytics tools to help streamline many logistical processes and make sure supply chains operate more efficiently. Many of these third-party organizations offer invaluable analytics capabilities, which can help address countless logistical issues. Modernization and Digitization. Encryption.

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Leverage Blockchain Technology for Supply Chain Management

BizAcuity

Quite recently, the logistics industry was introduced to Edge and Fog cloud computing , to make the use of IoT devices (for analytics) cost-effective and efficient. This also meant leveraging blockchain technology for supply chain management could revolutionize the logistics industry forever. Industry 5.0 Traceability of goods.

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Becoming an Intelligent, Sustainable Enterprise with SAP

Timo Elliott

Now… I know that might sound glib, but let’s face it… digital technologies are transforming entire industries and they’re at the heart of helping us all address some the world’s biggest challenges. To support this, they chose SAP Success Factors Solutions to digitalize HR processes and increase efficiency. Our purpose.

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10 Document Types You Can Process with Astera

Astera

Welcome to the Future of Document Processing Whether you work in Accounting, Logistics, or any of the other document-intensive functions, your docs should be the supporting cast, not the big bad villain you have to defeat to get some work done. Plus, the varying layouts add another layer of complication. Talk about a win-win-win!

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From Traditional to Modern EDI: Navigating the Digital Transformation Journey

Astera

In the current business atmosphere where companies rely heavily rely on digital platforms, it’s vital to understand how data is exchanged and transformed. Traditional EDI replaced these labor-intensive, paper-based processes with more efficient digital ones, streamlining data exchange and accelerating business transactions.