AI as a key digital trend in supply chain management

By |January 27th, 2022|AI | ML | Data Analytics|

AI as a key digital trend in supply chain management Artificial intelligence aims to utilise computing power to emulate the decision-making and problem-solving capabilities of the human mind. Along with machine learning, this makes it a potentially very versatile and effective solution for improving supply chain management. Why AI [...]

Supply Chain Disruption: Omicron, a year of challenges.

By |January 27th, 2022|Supply Chain|

The UK is currently experiencing an ongoing supply chain crisis as a combined result of Brexit and Covid-19. This supply chain crisis is impacting almost every industry, and the ONS reports that almost one in five businesses in the UK has been affected by it. Already, consumers and businesses [...]

8 top procurement trends for 2022 and beyond

By |January 26th, 2022|Procurement|

COVID-19 has affected so many aspects of our daily lives and nowhere has this been more pronounced than in industry and commerce, with most businesses having to adapt in order to survive. Procurement is one area that has seen many changes in the past 2 years and this looks [...]

Smart Supply chain solutions integrating humans, data, and AI technologies.

By |November 22nd, 2021|AI | ML | Data Analytics|

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.

By |November 22nd, 2021|AI | ML | Data Analytics|

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?

By |November 19th, 2021|Supply Chain|

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

By |November 18th, 2021|EVOLVE Source to Settle, PPE|

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)

By |November 15th, 2021|Industry Recognisions|

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’.

By |November 2nd, 2021|Education|

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

By |October 26th, 2021|Sustainability | Net Zero | Circular Economy|

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)

By |October 26th, 2021|Sustainability | Net Zero | Circular Economy|

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.

By |October 26th, 2021|Sustainability | Net Zero | 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 [...]

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