TECHNOLOGY
as it enables near-real-time visibility of demand and supply needs .
“ Imagine the opex improvements and more efficient resource allocation from a smart factory that is able to reorder key inputs automatically with AI-driven supplier selection and approval processes .”
The Corporeal Cloud Cloud services have been one of the most revolutionary tech developments ever ; companies are now able to get rid of data server rooms and in-house systems in favour of subscription services for storage space in , what I call , a “ metaphysical cloud ”. Many organisations and industryleaders have stated that the cloud has been incredibly helpful in determining a myriad of services , including process to pay , purchasing , and supply chain – amongst others .
According to Simpson , “ Cloud-based procurement solutions enable the costeffective automation , integration and simplification of the procure-to-pay process . Cloud offers organisations
98 April 2021