Digital Transformation

Attention Robots and Humans: Can We All Just Get Along?

Posted: 08/01/2022 - 09:00
With organizations facing the Great Resignation, many are realizing that human influence and ingenuity are still very vital components to the world of work as we know it.

Global population forecasts say the world’s population will reach almost 8.5 billion by 2030. With the speed at which AI, computational processing power and robotics are developing, it is safe to predict that the global workforce and demands will change markedly in the near future. Job functions will transform rapidly following the pace of technology, so a priority should be to have a workforce that is educated and adaptable, ready to adjust to changing competency demands.

Back to the Future: Intelligent Supply Chain Planning

Posted: 07/27/2022 - 09:00
Factors that businesses need to take into account when overhauling their own supply chain management processes.

The recent domino effect of disruptions, such as Brexit, the pandemic and the war in Ukraine, has inevitably resulted in a huge strain on business’ supply chains. It’s a difficult landscape to navigate, but disruption is a fundamental part of the supply chain and organizations should be taking measures to mitigate these challenges.

Taking The Mystery Out Of AI

Posted: 07/25/2022 - 00:00
Artificial intelligence is significantly impacting the world, yet there’s still a great amount of mystery and misconceptions about it.

The public’s imagination has been heavily shaped by science fiction, with the term AI evoking images of robots like WALL-E, C3PO from Star Wars and David from Stephen Spielberg’s movie A.I. Scientists and technologists refer to this kind of humanlike AI as “general artificial intelligence.” General AI attempts to mimic the kind of abstract thought and typical problem-solving skills seen in humans. 

Procurement: The Intermediary Growing in Relevance

Posted: 07/18/2022 - 09:00
Procurement’s relevance as an intermediary isn’t going down.

For decades, procurement teams have been connecting people across their organizations with suppliers capable of delivering what those people need, when they need it and at the right price. For a very long time, that was enough to see the department deliver strong, consistent value to the business. However, with the rise of the internet and ecommerce came new abilities and greater empowerment for individuals. The veil was lifted on suppliers, and consumers and employees gained the power to source what they need directly from global suppliers.

Avoiding Risky Business with External Workforce Management

Posted: 07/13/2022 - 09:00
Compliance issues pose a serious risk for companies that do not have visibility into their external workforce.

It’s Friday afternoon and you are finishing the last of the week’s Human Resources (HR) duties before heading off to a relaxing weekend with friends. Just as you cross that last item off your list you receive a call from your Chief Human Resource Officer. You answer, hoping that any ask might wait until next week. Unfortunately, what you hear on the other end of the line is an HR nightmare and you realize that Friday night cocktail will need to wait a little longer.

10 Reasons to Use Purchase Orders

Posted: 07/11/2022 - 00:00
Learn 10 key reasons to use purchase orders, when other acquisition methods may also apply and get helpful tips for when the CFO asks "why."

The CPO for a financial services company recently asked me for reasons to use purchase orders. Their procurement group was receiving pushback from the firm's Finance division, which was happy to issue payments merely based on internal management just "approving" supplier invoices (grrr).

In my email to this executive, I put together a list of Top 10 Reasons to Use Purchase Orders which I’ll explain in this article.

A New Approach to Contract Management

Posted: 06/30/2022 - 09:00
Until recently, contract management was a predominantly manual process.

When it comes to business, there’s a lot of talk about efficiency. The concept of efficiency, however, differs for larger corporations. When poor processes, communications and technologies prevail, the consequences are substantial. These inefficiencies hinder collaboration, visibility, compliance and, ultimately, growth.

Insights on the Evolving Role of Supply Management

Posted: 05/27/2022 - 00:00

The global COVID-19 pandemic put supply chain management and procurement in a very bright and positive spotlight for keeping life moving as normal as possible during all the shutdowns, disruption and general uncertainty.

It also highlighted that business and supply chain disruption are ongoing facts of life – such as ongoing extreme weather events globally and a megaship blocking the Suez Canal for weeks, to name just two. And the impacts created a snowball effect on other industries:

Procurement Gets Competitive With AI Technology

Posted: 05/25/2022 - 09:00
Here's how forward-looking companies are exploring AI and automated technologies to go beyond merely surviving to position themselves to thrive for the long-term.

Global businesses have now spent nearly two years navigating the various challenges of the pandemic. Although some of the fallout was predictable, the dramatic impact we have witnessed on the global employment market was more unexpected. Companies that were already adjusting to new ways of working now find themselves in the middle of arguably the worst employment crisis in modern history—a phenomenon known as the Great Resignation.

Public E-Procurement Operations Gain Steam in 2022

Posted: 04/21/2022 - 09:00
Public e-procurement operations are gaining steam in 2022 as governments increase focus on supplier diversity and inclusion.

The government procurement industry represents a spend of nearly $13 trillion globally every year. This spend involves buying goods and services to run day-to-day operations, including basic items such as computers, office equipment, medical items, legal services, gas and electricity for everyday needs to more complex construction and infrastructure projects.

The Future of the Supply Chain is Data Driven

Posted: 03/25/2022 - 09:00
Learn how big data and analytics can help organizations at every level of the supply chain to increase efficiency, productivity, resource management and spending.

What Does a Data Driven Supply Chain Look Like?

The key to improving any system is information. A data-driven supply chain is built around this concept, leveraging big data and analytics to improve processes at every level of the supply chain. A wide range of technologies contribute to this, from interconnected IoT sensors to warehouse robots and everything in between.

How Much Can You Expect to Spend for Nearshore IT Services?

Posted: 03/21/2022 - 09:00
Nearshoring digital transformation projects is becoming the fastest route to success for today’s businesses given the great worker resignation and the tech talent shortage.

According to an article in the Wall Street Journal, citing analysis by COMPTIA, in January 2022 employers posted close to 340,000 unfilled IT job openings, which was 11% higher than the 12-month average. The huge demand for software and AI expertise can be attributed to heightened demand for IT services brought on by the pandemic, but also a growing tech talent shortage that has been in the works for some time.


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