3 Key Factors Shaping the future of eProcurement
The global COVID-19 pandemic caused considerable disruption across the supply chain and procurement industries. As a result, organisations are now starting to assess how they execute their operational tasks, looking for new ways to amplify their savings, stay connected with remote teams, manage their overall cash flows, and ensure [...]
How purchase-to-pay (P2P) leads to savings
Procurement can be complex for any organisation and this can limit its cost-effectiveness. A procurement process that isn’t cost-effective can substantially increase expenses and impact the business more widely. At a time when many businesses and individuals are looking for ways to reduce costs, purchase-to-pay (P2P) solutions can offer [...]
Purchase to pay best practices.
Purchase-to-pay systems can offer several advantages for businesses. However, there are certain practices to carry out to get the most out of your system and increase in-house productivity further. In this guide, we discuss what purchase to pay is, the common challenges it tackles for procurement professionals, and best [...]
Data standardisation and interoperability challenges in healthcare supply chain
Recent technological advances mean that departments and companies throughout the healthcare sector are shifting towards technological solutions and away from paper. However, this has a range of drawbacks, with the development of a labyrinthine network of systems and data slowing processes down. Read on to find out more about [...]
Operational efficiencies in healthcare supply chains
If you’re working in the procurement departments of the healthcare sector, you might be researching the latest in inventory management technology. The truth is that inventory management is the most crucial benefit of product traceability and by securing this within your supply chain, you can assure inventory management. GS1 [...]
What is Scan4Safety and how can it improve supply chain management in healthcare?
Supply chain management is an important aspect of improving how organisations work - it can help reduce costs, make things run more efficiently, and use data effectively. This is equally true for the health care industry and large organisations such as the NHS. Scan4Safety is the catalyst for change [...]
How to Solve Your Company’s Tail-Spend Problem
Across the country and the world, businesses suffer a significant tail-spend problem – in particular, the public sector spends over £1 billion every year on tail-spend. This is an overlooked area of spending that companies can cut down, but so many instead waste money on unnecessary and uncatalogued purchases. [...]
AI as a key digital trend in supply chain management
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.
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
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.
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 [...]