The most enduring innovations, whether in business or nature, transform entire ecosystems by simplifying tasks and redirecting labor toward more productive outcomes.
A recent article in Horses for Sources generated a lot of turmoil by stating that “RPA is dead.” So, we thought it would be interesting and helpful to look at and discuss the current reality of robotic process automation.
Artificial Intelligence (AI) has now invaded how industries operate in more ways than we can count and know. It has developed into a welcome (and now necessary) addition to boost efficiency, sharpen forecasts and speed up certain processes. Any company that sells a product has a supply chain, which is the network of all the stakeholders involved in the creation and distribution of a certain product, and any supply chain can benefit from AI.
Advancements in new technologies always assure to crop up with proficiency gains, high throughput and lower costs. When it comes to such advancements, the job for procurement is to have a clear understanding about how they function, what they are and what exactly they will make over for the greater cause of the business.
What is a hero at work?
At some point, most of us have worked for an organization steeped in a “hero” based culture. This culture can be found within a company dominated and ruled by employees that go the extra mile, and are dedicated, intelligent, knowledgeable and hard-working. Your classic hero is generally ambitious and at the top of their game.
The future of work will be defined by automation. With such transformative change, everyday workers may be skeptical about how it will affect them. However, what many fear-inducing headlines often don’t reveal is that automation creates plenty of opportunities.
At EcoVadis, we recently reached a major milestone on our road to improving sustainability and CSR performance across global supply chains — our 100,000th sustainability assessment. Since our first assessment in January 2008, we have collected data on more than 55,000 suppliers in 198 industries from 150 countries. Believe me, much has changed over the years.
As we look forward to our next 100,000 assessments, here is a look back at four things we’ve discovered.
At the end of a dramatic year for technology providers big and small, Richard Grove from digital consultancy Caution Your Blast considers five issues, opportunities and developments that will dominate the start of this decade.
Welcome to the new decade and new year. This is when we set big lofty goals to accomplish changes in our lives and careers. Unfortunately, we often set these goals and they remain as just that — goals. They stay in our heads, in our journals or in our hearts. Commonly, at this time of year, we also tend to feel many regrets that another year passed and we are still nowhere closer to our goals or, worst case, even farther away.
To quote one of my all-time favorite songs:
Dumbed down and numbed by time and age,
Imagine a world where all people thrive within the environmental boundaries of our planet. Picture a planet where the immediate threat of climate disaster has been avoided and where global businesses have evolved their business models to support a responsible and low-carbon economy.
Whilst is seems a bit far-fetched looking at today’s realities, we fundamentally believe this world vision is possible and millions of procurement professionals worldwide are mission-critical in making this come true.
Suppliers are mission-critical partners for business success. Unfortunately, too often, an “arm’s length” relationship creates problems that are revealed only after it’s too late.
When suppliers feel conversations only occur after poor performances, the opportunity to have a productive, collaborative conversation may already be over.
It is becoming increasingly difficult to determine the size and capabilities in the marketplace to understand where to source products and services for your stakeholders.
For years, many advocates of print-based marketing channels and tactics have argued that the physical and tactile nature of tangible marketing materials make them more appealing and persuasive than purely digital forms of communications. Until recently, however, these arguments have been based mostly on instinct or intuition rather than on hard scientific evidence.
Procurement is old. Just how old you ask? Well,
a long time ago in a galaxy far, far away… it’s been around for millennia. As a natural function of trade and commerce, it developed organically during the earliest civilizations. Papyrus records indicate procurement can be traced as far back as the Egyptians (the first Jedi) in 3000 B.C.
Tests, from simple quizzes to formal corporate exams, are a valuable way to keep employees up to date on information and knowledge. In many industries, particularly those where mistakes could cost large sums of money, or even lives, regular testing is mandatory.