In today’s technology-driven world, many organizations still view artificial intelligence (AI) with an element of fear and uncertainty. As a result, the tangible benefits that it brings to sourcing and procurement are still largely untapped. But, buried within the wealth of raw information that exists in both internal and external systems are critical strategic, customer and operational insights. AI can
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When, on August 19, 2019, several hundred CEOs of major corporations signed the Business Round Table declaration that the fifty-year commitment to ‘maximizing shareholder value’ was no longer the goal of big business and that these firms shared ‘a fundamental commitment to all our stakeholders,’ many wondered what, if any, corporate behavior would change. The answer is becoming clear: not much. Instead,
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S&OP may sound like a jargon-laced acronym that threatens to clutter up your streamlined supply chain. Yet in its essence, it’s quite simple: it’s an integrated monthly process that helps you manage your business in the midst of changing times. Instead of struggling to keep sales and marketing, demand and inventory, and product introduction on the same page─a Herculean challenge─introducing
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