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Supply Chain 4.0
The advent of Industry 4.0 technologies such as AI/ML, IOT, RPA, cognitive computing, big data analytics and more, have helped Supply chain management move from ‘one-directional flow From supplier to factories to warehouses or distribution centers to consumers’ To a more integrated ’omni-directional information flow throughout the value chains’ – making transformation into “Supply Chain 4.0”
Actionable results, KPIs or the organization’s driver-based insights, and Advanced data visualization frameworks are critical in order to drive sales, efficiencies, responsiveness, speed, and an overall analytical experience. Integrated data, Predictive and prescriptive modeling, process automation techniques and machine learning can help drive innovative decision-making.
Knowing your stakeholders, identifying your stakeholder needs and expectations, prioritizing your stakeholder goals, analyzing how they impact your projects, evaluating your stakeholders with the methods such as process maps/data representation/emotional intelligence surveys etc., communicating with your stakeholders, as well as measuring the benefits which relate to your successful stakeholder engagement – these and much more are all crucial activities to Managing your Stakeholders!
Projects : Projects
Changing business and the way we work today, being more connected across globe, being able to make quick decisions, virtual availability across time-zones, remote capabilities with virtual and augmented reality, agility in collaboration, automation and data analytics helping in smarter decisions in real-time – all of these are results of digitalization.
Digitalization is making the world smaller and opportunities getting bigger and better and at a much faster pace than ever before.
Digitalization helps streamline the existing business processes as well as reshape markets and relationships.
Key drivers for optimizing the working capital and improving organization’s profits are cost savings, value improvement, total cost of ownership (TCO), innovation, and speed. Procurement transformation to get more to a more value-add profit center is paving the way for today’s businesses in their goals to achieve these results.
A single source system of records (SOR), digitalization, and integration of procurement process along the supply chain, contracting, cataloguing, supplier management, continuous innovation to manage the cost-savings, all these have been giving way to how procurement is transforming in the coming years.
6 Steps to Procurement Optimization
The current ‘as-is’ process analysis of any organization is critical first step in then determining the ‘to-be’ initiatives that the organization should follow in order to decide in improving the processes, investing in expensive software, or standardize processes across various business units of the organization.
Process mining can address this as-is state analysis of any process and assess the results and KPIs of improvements. It helps establish connections between the business processes across an organization’s value chain.
Solution Design, Technical Consulting & Product Development
The availability, popularity and advanced technologies like next gen smartphones are growing for individuals and for companies to boost their market reach with help of the digital platforms, tools and channels.
Readers and consumers need useful content easily available to them and which solves their utility, purpose and objectives.
Hence “Content is King” popularised by Bill Gates in 1996, is today’s trigger for individuals and companies to succeed in connecting faster to their market.
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