What Powers Artificial Intelligence (AI)? A Guide to Procurement!

Unchaining Change Leadership

Artificial Intelligence is an increasing part of our everyday lives, powering our smart phones and the internet of things.  But few people really understand what it is, how it works and more importantly, why it is so important to Procurement.  

This paper seeks to answer those questions and specifically address its benefits to the Procurement process by addressing the following checklist: 

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Blockchain and Information Governance! (Infographic)

Consider any company that procures goods and services from a vendor. There are numerous processes involving several departments which have to draft different records – purchase orders, term sheets, statements of work, incremental revisions, etc. These records are crucial for resolving any disputes, including Blockchain information governance.

Now, imagine there was a disagreement and forged documents were presented. It would be a long, tedious, and most probably costly process before parties get to the bottom of the issue. That’s why we need information management and corporate governance, which main task would be to keep track of all documents.

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Benefits of IoT in Supply Chain!

The Internet of Things (IoT) is a network of physical devices and objects that are connected to the Internet and sometimes each other. This is a network that’s getting bigger and bigger every day given the benefits of IoT.

They are connected via sensors and they can collect and exchange information about how they’re used and what’s around them. IoT is poised to have a big impact economically and socially, so this article will outline the benefits it has on supply chain management. 

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Top Vulnerabilities and Cybersecurity Trends You Should Know!

With digital transformation taking hold across all business segments of the modern-day internet-driven world, all organizations prioritize cybersecurity by making it their primary concern. 

All business organizations rely on internet connection and computerized systems to protect data from unauthorized access and various online attacks while managing daily operations. However, safeguarding data is much more of a challenge than most businesses can handle. 

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Tips for Mitigating Risk During Your Firm’s Digital Transformation!

The future of business is digital. It empowers companies with more capabilities, facilitates more meaningful interactions between corporations and customers, and hastens important processes. 

However, digital transformation doesn’t come naturally. All these techniques and integrations must be integrated into your business with precision. Any mishaps can have far-reaching consequences, and you could set your company back rather than advance it forward if you fail to prepare properly and in mitigating risk. 

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The Digital Supply Chain Infographic!

Supply Chain 4.0 is the manifestation of the Digital Supply Chain of the future as enabled by many of the Disruptive Technologies that we all hear about every day. Here we review our Digital Supply Chain infographic.

Everyone is impacted by the advancement of technology in both their personal and professional lives.  And that impact will only become more profound as time goes on.

The Internet of Things (IoT), Artificial Intelligence (AI), Virtual Reality (VR), Cloud Computing, Blockchain, Robotics, Big Data, Advanced Analytics and more are terms represent the technological breakthroughs that are being made every day.

For those involved in Supply Chain there are deep impacts that are occurring, and that will continue enabled by the evolutionary and revolutionary change that is enabled by technology. Let’s look at the Digital Supply Chain infographic.

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Our 2021 Top 10 List! (Part 2)

As we come to the end of our 5th year here at Supply Chain Game Changer it’s time to reflect on the tremendous events of the year.

The effects of the Coronavirus pandemic have continued to stretch far and wide, unabated, touching many aspects of all of our lives. Even the supply of Christmas Trees will be impacted in some fashion by the pandemic due to logistics delays, trucker shortages, and environmental forces.

We would like to thank our incredible followers and readers for the ongoing support. Supply Chain Game Changer is recognized as a Top 10 site globally in Supply Chain, Logistics, and Procurement. We’ve been recognized for global Though Leadership and Influence in Change Management, Supply Chain, Management and Education Technology.

And as we ended the year we published our 1000th article! An amazing milestone representing our extensive library with something for everyone.

So let’s review our Top 10 list articles for the second half of 2021!

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The Smart Supply Chain in Action!

Unchaining Change Leadership

As I was recruiting to hire my next CIO I knew that I wanted someone who was more than the traditional I/T person. I didn’t want someone who would just make sure the systems and computers were up and running. I wanted someone who would make a dramatic and strategic difference in the very direction of the company and its offerings.

We were a global Supply Chain, Logistics and Distribution company. The prior CIO kept the lights on, followed the instructions they were given, tried to keep costs down, and that was about it. There was no effort whatsoever to integrate or optimize systems, and instead of taking the lead in this regard just complained about the state of everything.

So the new CIO I hired needed to share a new vision. I/T was going to be at the epicentre of the strategic and operational leadership of the company. I/T was going to be a source of competitive differentiation.

And I/T was going to power the Smart Supply Chain of the future!

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Preparing Business for the Digital Supply Chain! Oracle Interviews Mike Mortson!

Mike Mortson was recently interviewed by Oracle as a part of the Oracle Global Supply Chain Influencer program. This article was posted on the Oracle Supply Chain Management blog.

Supply chain professionals are hiking their spending on supply chain innovation—substantially. Ninety-five percent said they plan to spend more this year than last, and 60 percent will spend more than $1 million over the next two years on disruptive technologies such as robotics, automation, predictive analytics, artificial intelligence, and the Internet of Things (IoT). 

As digital transformation confronts supply chain leaders, Oracle caught up with Mike Mortson of Supply Chain Game Changer to discuss the current state of the supply chain technology landscape—including how the easiest path forward, in many cases, may involve embracing a supply chain-as-a-service model to benefit from cutting-edge technologies and first-rate digital supply chain management skill sets.

Here is the Oracle interview with Mike Mortson.

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Augmented Reality (AR) is the Future of Supply Chain!

Augmented Reality (AR) enables transformational change!

When I started in the distribution space, I was told “…business is simple…cases in, cases out.” Reports were on green bar paper and forklifts were everywhere. As the distribution space evolved, the reports became spreadsheets and forklifts remained very important as they are coupled with the latest and greatest automation.

Supply chain improvements over the last 15 years have been incremental at best. The advances we are making in the supply chain powered by Augmented Reality (AR) are going to be wildly disruptive. The supply chain community that leans into AR and gets it right will come out the clear winners for every perspective: simplicity, safety, quality and productivity.

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Leveraging Software Innovations for a More Agile Software Supply Chain!

In today’s digital age, where everything is getting automated, the software supply chain has not been left behind. Technological disruptions have brought about challenges, yes, but they have also unfolded opportunities that are too immense to be ignored.

From managing code releases to ensuring high-level software security, businesses are striving to navigate this digital shift in supply chain management.

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Product Suites are the Future for Supply Chain Tech Stacks!

If you are in the business of manufacturing and/or distributing physical products, your company has invested in systems for digital commerce, CRM, and HR. You have also invested in supply chain systems and product suites to manage and monitor the flow of goods.

In fact, the average mid-size and enterprise company has four supply chain system investments each!

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Supply Chain and Digital Innovation in the Wake of Covid!

The pandemic has caused significant damage to several companies around the world. However, some of them have seized growth opportunities. The cause for this success was the use of automation and digital innovation in the wake of Covid rather than the use of manual processes.

There was a huge challenge in the supply of food and medical equipment that included masks, medicines, sanitizers, PPE kits, and other related products that were required to protect and control the spread of the disease. The pandemic had created a global emergency where the companies associated with the supply chain have abruptly moved into the limelight.

Later on, the health systems began to regain control of the pandemic with the help of coronavirus vaccines. They became a stress relief for all companies associated with the supply chain.

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Critical Infrastructure Planning Guidelines for Supply Chain!

Over the years, digital disruption has become a norm for all industries, and supply chain businesses are not an exception. Technology has changed the entire structure, right from internal communications to physical operations to infrastructure planning.

Things are only going to get bigger and better in the future, with digital innovation poised to take over the sector. Right now, it is important to have the right technology infrastructure for your supply chain business so that you can make it future-ready.

Whether you are planning to start from scratch or looking to revamp the existing infrastructure for your business, here are some guidelines to help with your infrastructure planning.

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Digital Procurement Improves Supply Chain!

The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy. 

Some of the most notable areas where world-class procurement organizations outperformed the “peer group” were increased operating efficiency and how more effective they were at delivering their services to both, internal and external customers.

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