A.I in procurement

A.I in Procurement- 3 Reasons it Will Change the Way We do Business

Artificial Intelligence (A.I) in procurement is transforming industries, and the leap of change is fast-tracking, that is a reason why I have mentioned A.I as key future supply chain trend . A.I in procurement can trade commodities and even out-perform teams of experts. The pace is becoming fast because A.I in procurement has a lead time of years to turn out to be more competitive in these challenges, but as it surpasses human expert abilities in every area, its acceptance rate increases — and so does its capacity to absorb as it takes in more data. The gap between Artificial […]

Importance of Stocktaking

Importance of Stocktaking – 7 Proven Advantages Which Defines the Purpose of Stocktaking for Your Business

In last 13 years, I have been conducting stocktaking every year. When I started as a graduate I was not really aware of the purpose of stocktaking or importance of stocking. I was more interested in weekend work extra overtime being paid! Now over the years, I have learned lot more advantages of stocking, rather than just financial. Purpose of Stocktaking or What is Stocktaking?   In general, the keyword when understanding and implementing Stocktaking or Inventory Checking is the word Counting. That is essentially the long and short of it! Simply put, it is the process of physically counting […]

Materials Management Books

Top 5 Materials Management Books Every SCM Professional Must Read

With any upward professional discipline like SCM, there will at all times be the need for Materials Management books and publications that are both astute and engaging. As every SCM Professional become more organized and entwined in the field, you would find a growing demand in SCM for Materials Management books, best practices, case studies, and publications that offer concise and captivating intellect into supply chain management. Fortunately, there are many authors offering firms with new and exceptional insights to better daily management, reduce unforeseen disturbances and risks along the international supply chain. Readers have liked my books recommendations for […]