Smart Supply chain solutions integrating humans, data, and AI technologies.
Machine learning and artificial intelligence are expected to drive the next generation of supply chain solutions with the emergence of a self-aware platform integrating humans, data, and technologies. Leading vendors of P2P offerings are increasingly investing in integrating AI and machine learning capabilities to help organisations transform real-time insights [...]
How is Artificial Intelligence (AI) used in Analytics? Unlocking the power of data.
Integration of procure-to-pay (P2P) processes with end-to-end automation and decision-making workflows positions procurement at the crossroads of massive data flows. The adoption of advanced analytics, AI, and ML technologies is gaining significant momentum across procurement and sourcing platforms, including contract management, strategic sourcing, procure-to-pay, and supplier risk & performance [...]
UK Supply Chain Crisis: are Brexit and COVID-19 being blamed fairly?
According to a recent survey conducted by ELCOM amongst 2900+ buyers and suppliers, more than 50% of the respondents believe that COVID-19 has significantly amplified the supply chain uncertainty created by Brexit. 2/3rd of the survey respondents agreed that the recent events have exposed pre-Brexit and pre-COVID-19 supply chains [...]
Top 5 challenges facing the healthcare supply chain
Since the onset of the pandemic, the healthcare system has struggled to get medical devices, surgical supplies, and pharmaceuticals to the frontline workers on time. Almost 59-83% of healthcare organisations have reported delays or increased lead times in acquiring supplies. The pandemic has exposed structural weakness and cracks in [...]
ELCOM named as a 2021 Technology Leader in Quadrant Knowledge Solutions’ SPARK Matrix™ for Procure-to-Pay (P2P)
Quadrant Knowledge Solutions announced today that it has named ELCOM Systems Ltd as a 2021 technology leader in the SPARK Matrix™ analysis of the global Procure-to-Pay (P2P) market. The Quadrant Knowledge Solutions SPARK Matrix™ includes a detailed analysis of global P2P market dynamics, major trends, vendor landscape, and competitive positioning. [...]
ELCOM, together with CPL Group, developed a free of charge tender solution called the ‘Sourcing Cloud’.
ELCOM’s philosophy is to offer “Trusted technology…” that is “tailored” to our customers’ needs. A good example of this is the CPL Group. ELCOM, together with CPL Group, developed a free-of-charge tender solution called the ‘Sourcing Cloud’. This tender tool helps manage complex procurement procedures, including Finding a Tender (FTS). CPC [...]
ELCOM’s environmental policy and Net-Zero 2030 Plan
Businesses taking action on climate change is extremely important in achieving the UK’s Net-Zero goals by 2050, from opting for business practices that are sustainable to cutting emissions in the supply chains. The government has put in place measures that encourage businesses to reduce their emissions and thus positively [...]
Delivering a net-zero National Healthcare System (NHS)
As the COP26 summit approaches, UN countries are reviewing the action they have taken to meet their climate change goals. In January 2020, the UK's National Healthcare System (NHS) announced the steps it is taking to reach net-zero status, but what is net-zero status, and how does our NHS [...]
Circular procurement is the greatest enabler for a circular economy.
For our planet to survive, global circular economies need to increase to 17%. A circular economy is one in which goods and raw materials are reused, recycled, or repurposed for as long as possible to minimise waste. Currently, only 8.6% of the world's economies are circular, and hence rapid [...]
ELCOM and South West London Procurement Partnership (SWLPP) have formalised a two years strategic partnership
ELCOM and South West London Procurement Partnership (SWLPP) have formalised a partnership, setting a shared plan for the next two years via practical group working sessions. During these sessions which took place the second and fourth week of July, ELCOM (@elcom) and SWLPP (@ProcSwl) teams reviewed where SWLPP is, where they [...]
ELCOM joins the Government’s Kickstart Scheme with five internships
ELCOM has engaged with the Kickstart Scheme to support young people who are currently unemployed and increase their chances of long-term employment. Encouraged by the UK Government's Kickstart Scheme, ELCOM has designed a program to support the Government’s initiative by helping young people get their first steps on the [...]
eLearning Services – Supplier Development Programme Scotland (SDP) and ELCOM
Elcom has recently launched a range of on-demand eLearning services to help suppliers find, bid, and deliver new business from the Public Sector. ELCOM will work with the Supplier Development Programme - Scotland (SDP) to help meet their training needs. With more activity planned for future SDP projects in [...]