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4 Ways Procurement Will Evolve in 2023

4 Ways Procurement Will Evolve in 2023

It may be easy for procurement professionals to have a dampened outlook for 2023 due to ongoing supply chain disruption and a potential recession looming. Despite these market conditions, there remains cause for optimism, as procurement leaders uncover opportunities to help their organizations navigate bumps in the road.

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Collaboration and Connectivity Have to Come Before Technology

Collaboration and Connectivity Have to Come Before Technology

Supply chain disruptions are at an all-time high, so it’s no surprise that technology designed to solve problems is plentiful. It should be. With pressure on everyone in the supply chain, we need tools like digital bookings, automated invoicing, and instant integration of data into transportation management systems. Let’s give thanks for technology, because nine times out of 10, it makes a difference.

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Solving the Talent Crisis

Solving the Talent Crisis

The greatest untapped talent pool in manufacturing, logistics, and the supply chain sector in the United States is women. Even though women make up almost half (47%) of the entire U.S. labor force, they make up only slightly more than one-quarter (27%) of the manufacturing workforce. This needs to change if the manufacturing industry is to have any hope of addressing the enormous talent chasm that has opened up in recent years.

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Is Your Business Ready for Intelligent Document Processing?

Is Your Business Ready for Intelligent Document Processing?

The world has seen the damage a slow supply chain can do—it stunts economic growth, negatively impacts revenue, and leads to customer frustration, or worse, customer loss. Technology has been touted as the end-all to supply chain woes, but it can be difficult to determine the most beneficial solutions. Yet, one AI solution can lay the foundational groundwork for implementing future technologies: Intelligent Document Processing (IDP).

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2023 Inventory… Too Much? Too Little?

2023 Inventory… Too Much? Too Little?

Inventory. That was the theme unifying both attendees and exhibitors at the 2023 National Retail Federation (NRF) convention in New York City. More precisely, everyone I spoke to was interested in load balancing inventory to serve new retail fulfillment approaches striving to catch up with the blindingly fast evolution in consumer buying habits. For retail […]

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