HSAPAY ’s Post

o9 announced that CooperVision, one of the world’s leading manufacturers of contact lenses, has selected the o9 Digital Brain platform for Demand and Supply Chain Planning and Integrated Business Planning. CooperVision’s selection of o9 is part of a larger initiative to support robust growth by accelerating its supply chain operations. Co-founder and CEO of o9 Solutions, Inc., Chakri Gottemukkala, said, “We’re excited to help CooperVision with its strategic initiative to accelerate its supply chain operations with our state-of-the-art AI-powered platform. To navigate today’s supply chain challenges, it’s essential that companies work on breaking down departmental siloes and leverage real-time insights to make smarter decisions that ultimately leads to better service levels. We look forward to supporting CooperVision with its robust growth plans.” 🔗 Read the full press release here: https://okt.to/srILD6 #o9Solutions #AI #supplychain

🔎 How AI can boost productivity in Procurement ? According to Roland Berger The main areas of productivity are as follows; ✔ Faster procurement processes, through efficiency, ✔ Better procurement compliance, ✔ More supplier interactions, ✔ Higher savings, ✔ More collaboration for innovation with suppliers, Do you agree with this? 🎯 Source: (https://lnkd.in/dHq3S6Pd) #procuretech #innovation #mext #procurement #GenAI

How is #GenAI streamlining sourcing and #procurement? GenAI holds immense potential in reshaping and enhancing #sourcing and procurement activities, which can help supply chain executives strategise, innovate and build a more robust and efficient ecosystem. For instance, by deploying #bots powered by GenAI, supply chain stakeholders can negotiate with vendors on several fronts, including cost structures, purchasing guidelines and procurement timelines. Additionally, software engines powered by GenAI can provide key insights and potential strategies by swiftly summarising extensive contracts and deals. Here is a snapshot on the current progress and implementation of GenAI in procurement strategies. #Supplychain #Procurement #Souring #Automation 

🔢 GenAI is quickly moving up Gartner's Hype Cycle for Procurement and Sourcing Solutions, and it’s poised to reach mainstream adoption faster than most emerging technologies. With 73% of procurement leaders planning to implement GenAI by the end of 2024, the race is on to gain a competitive edge through this transformative technology. Is your organization ready to harness the full potential of GenAI in procurement? This Supply Chain Management article is an engaging read.   👉 Catch the full link here: https://lnkd.in/d8ZG5w_a #GenAI #automation #digitization #digitaltransformation #logisticsAI #supplychainAI #freightAI #freight #logistics #freighttech #supplychaintech 

#GenerativeAI is revolutionizing procurement processes, from sourcing and purchasing to inspecting goods and services. How can #GenAI benefit your procurement operations? ·      Effortless Document Creation & Review: Ensure every document is meticulously crafted and audit-ready, reducing errors and accelerating the procurement cycle. ·      Smart Decision Support: Empower your procurement team with actionable insights to make informed and strategic choices. Harnessing the power of GenAI in #procurement leads to significant cost savings, enhanced supplier relationships, and a competitive edge in the market. 🚀 Curious to explore GenAI? Contact the experts ➡ https://lnkd.in/eQ6n8vC8 . . . This is (x)Tech Pills - Insights, tips, and curiosities on the latest tech news directly from BIP xTech experts! #Procurement #GenerativeAI #Innovation #FutureOfProcurement #AIinProcurement #SupplyChain #BusinessTransformation Antonello Rabuffi BIP

Are you ready to transform your procurement process? Our latest blog delves into how #GenerativeAI is enhancing supply chain management. From market intelligence to personalized recommendations, discover how AI can bring efficiency, agility, and strategic insight to your operations.   Read the blog here: https://bit.ly/3XS9P7N #MeRLINSourcing #GenAI #Procurement #SupplyChainManagement #ArtificialIntelligence #ProcurementEfficiency #DigitalTransformation

One of the critical areas where GenAI has been heralded as being a procurement game changer is efficiency. However, higher procurement efficiency cannot come at the expense of procurement quality. Lower cost outcomes that deliver less value will be a significant step in the wrong direction and will struggle to gain any traction or market share. Before investing in any procurement technology, ask yourself if your objective is to buy better, or to buy cheaper. If your objective is to buy better, forensically examine how the solution will buy better, and satisfy yourself that your investment will deliver a tangible improvement (and not just a reduction in headcount). #genai #procurement

Supply chain visibility is crucial for suppliers, businesses, and consumers. Register for my webinar next week to learn about the technology driving the future of supply chain logistics with an amazing company leading the way in the space.

🚀 🚀 AI does get real now on.. Not only does it help you transform your supply chain & logistics but also during the journey of adoption however there is a need to emphasis on adaptive learning for driving success. https://lnkd.in/g9_w3HXq 📌 Recommending this interesting article by BCG Supply Chain experts

In working to improve supply chain profitability and reduce costs, organizations have to look at the big picture. Reducing part and material costs is only part of this picture. In this article by Fictiv, gather insights from their CEO, Dave Evans, on the five ways manufacturers can survive a challenging economy. Read more: https://hubs.ly/Q02R-NK00 – #MedDeviceUS24 #GenerisAMD #Fictiv #globalsupplychain #digitalmanufacturing #custommanufacturing