TCS AI & Advanced Tech’s Post

Cerexio-initiated Supply Chain Management software is the best solution in the town for cost analysis as it provides comprehensive insights into all aspects of the supply chain. From procurement to distribution, it evaluates expenses, identifies cost-saving opportunities, and enhances overall efficiency. This analytical prowess empowers manufacturers to optimise spending and maintain a healthy financial balance between all aspects. Click this link to explore more>> https://lnkd.in/gKWZAY3n #cerexio #singapore #australia #supplychainmanagementsoftware #manufacturingindustrysingapore #softwarecapability

"Unified e-commerce platforms can help suppliers reduce costs, streamline procurement operations, and ensure supply chain resilience." Learn how advanced technologies are driving efficiency and reshaping procurement in healthcare. Denise Odenkirk, VP, Supplier Sales, GHX, shares more insights and her vision for a brighter future in procurement on Medical Product Outsourcing. Read more: https://lnkd.in/gswjnCbr #procurement #healthcaresupplychain

Procurement Pros & CPOs – I’ve digested the Q3 ‘24 Forrester Wave™ report, and it paints a set of compelling messages about leveraging AI powered Supplier Value Management (SVM) Platforms to enable the CPO Procurement Transformation Agenda. Don’t miss my blog on this topic: https://lnkd.in/gHhRydtZ.  Please like, share, & comment. Thank you! Tags: Zycus Coupa Software Ivalua Gartner Forrester Mick Keck Naveen Mahendra Kaitlynn Sommers Lynne Phelan Patrick Connaughton Jeffrey Rajamani Alla Valente Duncan Jones Chris Sawchuk Patrick Reymann Amy Fong Jason Busch Tom Derry Abe Eshkenazi Nick Welby FCIPS #Procurement #Purchasing #Supplychain #P2P #ProcuretoPay #ProcurementAI #CPO #CPOInnovation #EnterpriseProcurement #SVM #SupplierValueManagement #ArtificialIntelligence #ProcurementInnovation #SupplyChain #DigitalTransformation #SmartProcurement #ProcurementTech #SupplyChainManagement #Sourcing #InnovationInProcurement #B2BTech

Exciting insights ahead! Ardent Partners latest report, Procurement Metrics that Matter in 2024, dives deep into the trends and challenges shaping the future of #procurement. This comprehensive survey of over 380 procurement leaders reveals that by the end of 2024, 74% of Chief Procurement Officers (CPOs) are expected to have integrated #GenerativeAI to supercharge automation, decision-making, and user experience. Don’t miss out on this essential resource for procurement professionals: https://lnkd.in/eVgfr9Yf #CPO #ESG #SupplyChain #Automation

#Icertis #ContractLifecycleManagement #Procureconnect2024 Icertis - Streamline the source-to-contract process for faster deals and reduced risk with contract intelligence : Procurement is increasingly being asked to deliver value far beyond cost savings—transforming the way they work in order to protect and help the business perform at its best. To meet these demands, procurement leaders are increasingly looking to drive greater value from their contracts. Contracts define relationships with suppliers, making them a critical linchpin for managing margins, risk, and compliance across global supply chains. It’s a big ask and one that procurement teams are addressing with the help of AI-powered contract intelligence. https://lnkd.in/dYjgeNwC

Renovit digitized Supply Chain Management with Ivalua https://lnkd.in/gQU2Ezyc #renovit #digitalized #supplychainmanagement #ivalua #thesiliconreview #LatestNews #supplychain

#GenAI is set to revolutionize #procurement, offering businesses the potential to cut 15% from their indirect expenses within the coming three years. Experts from BCG have devised a strategy for harnessing these savings while boosting #supplier effectiveness. Dive in below! 👇

TAKE-AWAYS 1. Generative Al is revolutionizing the supply chain and procurement industry, and succeeding in an Al-first economy requires action now. Augmenting human ingenuity, generative Al will be able to proactively generate solutions, anticipate challenges and invent entirely new pathways for procurement and supply chain leaders. 2. Low-code/no-code development removes barriers and democratizes innovation.It removes development solely from the realm of IT, enabling users to quickly and easily build custom workflows, analyze data and automate processes to enhance supply chain resilience. 3. Legacy ERPs with bolted-on S2P functions struggle to keep pace with modern platforms in terms of innovation, agility and user experience. Consider a two-tier approach with a modern S2P platform for best-in-breed source-to-pay functionality alongside your existing ERP for core tasks. 4. Supply chain convergence is key for building resilience. Siloed procurement and supply chain practices lead to information gaps, inefficiencies and higher costs. Modern technology can bridge the gaps, enabling real-time insights, data-driven decision-making and enhanced resilience. 5. Without proper tools and processes for managing data, enterprises will ind themselves at a severe disadvantage in an Al-first economy that is fueled by data. A seamless, end-to-end analytics platform empowers procurement and supply chain with Al-driven insights, centralized data management and self-service capabilities, unlocking agility, cost efficiency and informed decision-making. #SCM https://lnkd.in/d_evkYJ3

Strategic thinking requires having the right data at your fingertips. We developed Mithra-Ai with the category manager in mind, as our key user. Curious? You can learn and see more in the link below...

We’re proud to be recognized in the ProcureTech100! 🏆 It highlights the most innovative, progressive, and customer centric procurement technology. In partnership with Kearney, ProcureTech looks at over 50 key data points for more than 5,000 solutions. It’s a rigorous process that’s combined with the real-world experience of 80+ global procurement leaders and digital experts. If you’d like to understand what it’s like to use Omnea—check out these case studies: https://lnkd.in/ehbArmXy