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It doesn’t matter whether a company manufactures cars, frozen meals, or clothing, its supply chain is critical to success. To be profitable, a company must effectively manage its supply chain. Over the years, the supply chain has evolved in many ways. The most recent development—and the one that may just have the most profound impact of all—is the rise of the intelligent digital supply chain and predictive sourcing.
Sourcing and procurement are critical functions in business. They’ve always been one of the keys to success—simply put, without sourcing, there are no raw materials to make a product. Furthermore, procurement teams typically cost less than one percent of an organization’s total budget, and bring double the savings.
Automotive sourcing strategy is complicated, and few supply chains are as complex. Auto manufacturing embodies globalization, with assembly plants located across the world and many of them working on a just-in-time basis.
This month, the Arkestro team was fortunate enough to attend SSON, the World’s Largest Shared Service and Outsourcing Network. During a...
There are many buzzwords regularly tossed around in this age of tech-based startups and digital transformation. Two such phrases are “Automation” and “Artificial Intelligence” (AI). It’s common to mix up the two, lump them together, or otherwise muddy the water of what is already a complex relationship between the terms. You’ve heard it, you think (or know) you need it, but you may not fully understand it. The great news? We’ve all been there.
Being in the AI procurement software business means that our team gets an inside view into how business leaders across the industry are thinking about implementing AI in their enterprise.