Machine Learning is Filling the Gap Between Procurement and Supply Chain Management
May 14, 2018
“The supply chain is an integral part of business operations, and it drives tremendous competitive advantage. Its speed and agility come from quickly picking up subtle changes in demand and supply and adapting to those shifts to keep business humming along without disruption.”
However, very few companies have figured out how to synchronize their procurement sector with their supply chain. Dysfunctional behaviors across the procurement-supply chain relationship are introducing undesirable outcomes such as supply shortages, excess in slow-moving inventory, noncompetitive pricing, and delivery delays. There are five machine learning-enabled use cases that can bring the two organizations work in unison.
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