Artificial intelligence can play an important role in companies' strategic sourcing initiatives, but there are some key challenges to be addressed, according to Richard Barnett, senior vice president of marketing and alliances with LevaData.
Contract price misalignment is among the leading causes of pricing issues in the healthcare supply chain. Price discrepancies are costing healthcare providers more than $92m annually.
Companies that place their entire focus on new supply-chain technologies are in danger of losing sight of their larger business goals, warns Roger Thomas, industry principal with SAS Institute.
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
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