Archive for December, 2018

Digital Vendor Selection and Contracting

Emerging technologies are poised to play a major role in the procurement and supply chain worlds. Robotic Process Automation, Artificial Intelligence, and Machine Learning can provide great cost reduction and risk mitigation benefits in supply chains. Inefficiencies account for about 4% of spend in typical transactional cost. Digital Vendor Contracting, major benefits: Fraud Proofing, by digitizing with Blockchain. This technology…

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The Future of Procurement Technology

The future of procurement technology is a very interesting topic and requires great reflection by progressive minded supply chain professionals. The mechanisms of technology, networking, metrics, innovation, production, and logistics are poised for critical mass on supply chains. The interaction of these forces is lining up for a monumental shift with seismic value creation capability. According to a report by…

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