TECHNOLOGY
“ If you look at my company ’ s focus , supply chain risk and operational resilience , you find that single-platform solutions are marketed as providing “ cleaner ” insights across procurement organisations areas of focus but are typically only able to do so using data you already have , that ’ s had time to be collected normalised to the system . A process that often takes weeks or months ignores data that doesn ’ t easily fit the system and is far slower than the breakneck pace of modern business .
“ Meanwhile , best-of-breed solutions in supply chain mapping , monitoring , and modelling leverage AI and NLP to transform the way that organisations view their supply chains . Using emerging solutions to create real-time visibility down to the nth tier , uncovering hidden risks across multiple factors in a way that provides proactive , actionable insights into supply chain risk so that procurement can better anticipate and mitigate risks to their business . In this way , best-of-breed focus on key challenges of digital transformation by diving deeper into the problem areas and providing more robust tools to deliver better outcomes .” procurementmag . com 97