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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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5 Ways to Strengthen and Future-Proof Your Supply Chain

5 Ways to Strengthen and Future-Proof Your Supply Chain

In recent years, environmental, social, and corporate governance (ESG) practices have become a critical aspect of any company’s reputation and success. Consumers don’t care just about what they are purchasing; they also care about how the product or service gets to them. For instance, an Edelman study shows 64% of consumers worldwide will buy or boycott a brand solely because of its position on a social or political issue.

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Automation: From Benefit to Necessity

Automation: From Benefit to Necessity

Even prior to the pandemic, consumers were demanding. Since the rise of e-commerce, end users expect the ability to order what they want, when they want it, via the channels they want. Brands are adapting to this demand by offering curbside pickup, third-party delivery services, direct-from-social media purchasing, and a variety of other channels to cater to different consumer preferences.

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How to Avoid Paying Ransom

How to Avoid Paying Ransom

It is no great secret that cyberattacks are on the rise, and recent data suggests supply chains are no exception. A 2022 NCCGROUP survey shows that supply chain organizations experienced a 51% increase in attacks within the six months preceding the survey. The first step in addressing this risk is acknowledging that it exists. The good news is this should be a relatively easy step, especially compared to what comes next.

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Get Closer to the Action With Onshoring

Get Closer to the Action With Onshoring

Supply chains are the lifeline of globalization. In the years leading up to the pandemic, western companies routinely outsourced production to suppliers in lower-cost economies around the world. However, the seemingly never-ending string of supply chain disruptions over the past two years highlighted the fragility of complex and dispersed supply chains.

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Gaining Better Visibility: Where to Start

Gaining Better Visibility: Where to Start

While the business-to-consumer (B2C) market has embraced sophisticated technology tools to enable a digital transformation across the supply chain, the business-to-business (B2B) industry has been slower to adapt, steadfast in a reliance on spreadsheets, phone calls and email.

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3 Top Emerging Automated Solutions

3 Top Emerging Automated Solutions

Within the four walls of distribution centers (DCs), more automated alternatives are replacing traditional labor-intensive process and material handling strategies. Operations leaders are beginning to automate and upgrade specific aspects of their DC operations that are bowing under the weight of e-commerce pressures.

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