Business owners understand the importance of keeping their supply chain moving forward as efficiently and quickly as possible. But do they truly understand the importance of having a supply chain management plan? Mark Cuban, one of the most famous sharks on ABC’s “Shark Tank” often says that if you don’t come in with a business […]
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Project procurement is the process of acquiring goods and services. There are many ways to go about this, but project procurement has more to do with negotiating a contract for a project rather than products or raw materials.Project procurement is an integral part of the successful operations of a business. The process involves many different specific processes […]
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New technology is disrupting nearly every aspect of business in ways companies can leverage to increase their bottom line, and procurement is no exception. Digital transformation in the procurement process can cut costs, save time and better inform strategy and decision-making. The central goal of procurement is still to protect and improve profit margins by […]
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Digital transformation is the process of using digital technologies to change and modify the process, culture, and customer experience to meet the needs of the changing business and digital world. The ultimate goal that digital transformation targets is to improve the customer experience. The term can be confusing for some because they assume that it […]
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In an era where more goods and raw materials are shipped for greater distances than ever before, tracking has become of paramount importance. Whether the item being tracked is a huge shipment of steel from China to the US, or a single paperback book delivered to a reader in rural Norway, everything is tracked from […]
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The world of marketing and business is constantly changing, which means in order to succeed, your business needs to change, too. One of the simplest ways to reach new customers and expand your brand is by going digital.While traditional and linear styles of supply chain management enabled companies to grow and expand, those times are […]
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Imagine opening your browser and being presented with a work environment similar to that of a pilot inside a modern jet cockpit. You are given with a carefully, and deliberately, designed visual environment designed to provide you with both the information needed to make informed decisions and controller inputs to execute them. Like a pilot’s […]
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Rethinking and restructuring procurement processes are the most challenging and complex hurdle firm’s face in implementing a strategy to respond to the digital transformation imperative. Except for startups, nearly every aspect of procurement is an amalgamation of routines, policies, and vendors that piled up over time. It’s difficult to know where to begin a transformational change […]
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There has been a shift in the way researchers, scholars, and business leaders speak about the intersection of technology and business. In 2004, the year Facebook was founded, a Harvard Business Review1 article argued that the competitive advantage in supply chains were the Triple-A’s: agility, alignment, and adaptation. Two of the A’s – agility […]
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As society swiftly approaches the year 2020, it is imperative that businesses of all industries utilize technology in the smartest way possible if they are to succeed and continue to grow while staying ahead of the competition. Digital transformation remains the competitive edge because it drives innovation, creates unique experiences for both employees and customers, and […]
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