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How AI and Machine Learning Changed Procurement Management

CLX Logistics

Procurement management stands at the crossroads of technological innovation and strategic decision-making. As organizations strive to enhance operational efficiency, mitigate risks, and capitalize on emerging opportunities, the role of Artificial Intelligence (AI) and Machine Learning (ML) in procurement has become increasingly prominent.

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Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

GlobalTranz

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. How to Begin Your Terms.

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How Machine Learning Optimizes the Supply Chain

TransAudit

It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution. It simplifies administrative practices, analyzing contracts and documentation to derive the best outcomes from suppliers. Machine learning also plays a significant role in supplier relationship management.

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Supply Chain Quality: A Driver for Digital Transformation

Talking Logistics

Finished products have high ratios (average 50%) of sourced or procured product content. Ensuring receipt of Certificate of Analysis (CoA) and other regulatory compliance documentation has made digitization a requirement for customer service, audit management, and compliance.

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Five Keys to Cold Chain Success with Tyler Hildebrand

The Logistics of Logistics

WMS, TMS, documentation. Root cause analysis. Identify potential hazards / risks – Document every potential risk to food safety. Documentation. The food safety plan is a living document that should be updated on a regular basis. Update procurement and carrier agreements to include FSMA provisions.

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How Machine Learning Optimizes the Supply Chain

TransAudit

It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution. It simplifies administrative practices, analyzing contracts and documentation to derive the best outcomes from suppliers. Machine learning also plays a significant role in supplier relationship management.

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EcoVadis Ranks Trinity Logistics in Top 50 Percent of Companies in Sustainability For 2023

Trinity Logistics

EcoVadis measures the sustainability management system of a company through 21 criteria focused on its four key performance areas of Environment, Labor and Human Rights, Ethics, and Sustainability Procurement. The assessment includes a questionnaire completed by the company assessed and an expert analysis by EcoVadis.