Similar to traditional Bill of Materials practice, the Software Bill of Materials (SBOM) details the required software modules for a product, helping organizations understand the components within their software and better track vulnerabilities.
From sourcing and supplier management to price negotiation and compliance, procurement leaders are waking up to the power of AI-powered spend management in their daily operations.
Boeing faced unknown spending, but a pilot program using Fairmarkit’s artificial intelligence platform helped bring its procurement spending into the light.
Closing transactional gaps in supply chains, increasing operational effectiveness, and enhancing your competitiveness with data collection is helpful. But doing so without a good data policy is costly, and probably confusing too.
Discover how evolving to Supply Chain 3.0 with logistics-AI can eliminate overpayments, enhance spend visibility, and boost productivity by 50% while saving 6% in transportation costs.
Friday, July 5, 2024 · Suketu Gandhi, Rupal Deshmukh, Gillis Jonk, and Sachin Narang
The sense of resolve out there seems at first counterintuitive, given the holding pattern of weak demand and continued uncertainty, even after COVID. Inflation, China de-risking, the brutality of Ukraine and Gaza, attacks on Suez shipping, Panama Canal drought, hacked data and…
Friday, July 5, 2024 · Dr. Joerg Wilke, Dr. Andre Brunner, Dr. Kai Hoberg, and Rod Franklin
In 2014, SAP Business Consulting conducted its initial study to understand companies’ visions for digital supply chain management. A lot has changed since then.
Friday, July 5, 2024 · Marianna Vydrevich and Nari Viswanathan
Accurate modeling of a company’s supply chain network provides insights into optimal production, storage locations, and raw materials supply network strategy. The modeling process can last from one day to several months, and the supply network design team might run hundreds…
Almost four and a half years ago, I wrote my first Insights column on artificial intelligence (AI) titled: “Rely on AI to make decisions? Yes, but warily” [March/April 2020]. I had planned to do an annual update, however, the COVID-19 pandemic came along—consuming much…
Artificial intelligence is everywhere these days. But what if it isn’t? I would guess that at least 50%, and probably closer to 70%, of the article pitches I receive these days involve AI. Most conversations I’ve had at conferences this year have at least touched on AI and…
Chatbots are the choice many make when implementing large language models, but for supply chains, there are better alternatives that provide more immediate value.
Wednesday, June 26, 2024 · Travis Wolf and Carl B. March
Decision Intelligence and Causal AI are underpinning a shift in the manufacturing industry, rapidly painting the future canvas of modern manufacturing.
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