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Technology: Page 290
Suppliers Need Better Financial Visibility to Weather Sustained Disruption
Of all the innovation and digitization across the supply chain, there is one area that remains fairly analog: supplier payments.
A Fundamental Shift in B2B Payments Is Long Overdue
While noteworthy innovations have been made in the $518 billion global payments market, it’s still overwhelmingly complicated and costly for buyers to pay suppliers.
Why Mid-Sized Companies Should Consider Product Lifecycle Management Tech
PLM technology has advanced to become more valuable and more affordable for all.
Finance Is a Critical Element of Supply Chain Resilience
Over the past few years, finance has moved beyond its historical oversight role to become a more integrated partner in supply chain management activities.
The Key Capabilities of a Digital Supply Chain Network
The existing hub and spoke style of today’s “enterprise centric” systems is no longer sufficient.
Supply Chain Network Optimization Boosts Visibility, Cuts Costs
To improve supply chain operations and reduce costs, organizations today need full visibility into their supply chains. Still, most companies keep supply chain data siloed in disparate locations and spreadsheets — making it difficult to uncover opportunities to improve.
The Rising Stars of Digital Risk Management
The COVID-19 pandemic has pushed risk to the top of virtually every corporate agenda, according to research by McKinsey & Co.
A Five-Stage Maturity Model for Supply Chain Resilience
The COVID-19 pandemic has produced and will continue to produce artificial demand and supply shocks, and it will take time to rebalance the equilibrium.
Dynamic Pricing for Last-Mile Delivery
The ability to optimize routes utilizing algorithms, artificial intelligence and other technology tools has been around for a while, replacing manual tools such as spreadsheets and, in some cases, nothing at all. Dynamic pricing can soon become a reality for last-mile deliveries. By adding dynamic pricing to dynamic routing, a carrier can reduce costs and save time and provide more accurate pricing based on demand.
Operationalizing AI Through Intelligent Data
Digital technology in the supply chain, such as artificial intelligence and machine learning, supports end-to-end decision-making, and visibility into both network-wide supply-demand information and operational level response. These technologies run on data, which makes timely and accurate data collection, validation, management and analysis fundamental to advancing digital optimization strategies. That’s especially the case in today’s highly volatile market, where it has become increasingly challenging to accurately predict capacity and demand.
Using Digital Platforms to Connect Demand to Capacity
In today’s tight transportation market, finding carriers to cover loads has become increasingly difficult. Capacity constraints, labor shortages, rising shipping costs and growing shipping volumes are all expected to continue throughout 2022 (and possibly beyond), making traditional approaches to procurement insufficient. Addressing both short-term and long-term capacity needs requires a more modern and strategic approach. Digital freight matching can help overcome these challenges by accessing untapped capacity and connecting carriers with freight.
To Cope With Supply Chain Disruption, Shippers Need Diversified Networks
In today’s rapidly evolving environment, where demand is outweighing supply, shippers are prioritizing access to diversified and scaled capacity networks. Shifting away from traditional, demand-reactive sourcing methods to a dynamic capacity network ensures shippers are building sustained resilience and versatility in their supply chains.
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