Today’s modern and increasingly digital landscape is transforming even the most traditional industries. Including historically relationship-based sectors like shipping and logistics that are riddled with legacy processes and entrenched familial partnerships. “The rapid speed of technical adoption over just the past seven years has been...
Oracle has added artificial intelligence (AI) and automation capabilities to its supply chain management platform. The Oracle Fusion Cloud Supply Chain Management (SCM) & Manufacturing now includes new planning, usage-based pricing and rebate management capabilities, the company said in a Wednesday (April 19) press release. “Part of Oracle Fusion...
The supply chain nightmares of 2021 and 2022 are fading, in large part due to payments modernization undertaken since those dark days to make sure we don’t see a repeat. This is analyzed in the study “Digital Payments: Modernizing Procurement Processes,” a PYMNTS and Corcentric...
LevaData has made it easier for clients to track spending and lead time. The supply management firm has updated its artificial intelligence (AI)-powered platform that lets customers get deeper insights “down to the parts and ingredients level,” LevaData announced in a news release Monday (April...
Blue Yonder has launched three new microservices that help companies better forecast inventory, orders and labor. The new Fulfillment Item Forecasting, Fulfillment Ordering Forecasting and Fulfillment Labor & Resource Forecasting are designed for retailers and manufacturers, encompass online and in-store shopping, and are delivered via Blue Yonder’s software-as-a-service (SaaS) offering, the...
The industrial economy has long been in need of a digital makeover. The mainstays of industry — where things are made, the tangible goods from semiconductor chips to cars to industrial agriculture (fertilizers, etc.) to … well you name it — have yet to fully...
Businesses throughout the economy felt the pain of pandemic-induced supply chain breakdowns. Now, those same businesses are increasingly investing in upgrades to make sure disruptions to their procurement processes don’t happen again, or if they do, they at least don’t wreak as much havoc. That’s...
Aramco and DHL Supply Chain are building a procurement and logistics hub in Saudi Arabia. The new hub will provide integrated procurement and supply chain services to customers in the industrial, energy, chemical and petrochemical sectors, the companies said in a Monday (March 20) press...
Retailers, dependent on supply chains, are making modernization moves to better facilitate keeping their inventory stocked, as indicated in the PYMNTS collaboration with Corcentric, “Digital Payments: Modernizing the Procurement Process.” Although less than one-third of sector businesses surveyed currently invest in automating their procurement systems,...
