Tag: Supply Chain

Transforming Technology

Power of Data Analytics in Procurement

Information is power for the procurement department. Insights drawn from historical data on product pricing and vendors can strengthen the buyer’s negotiating position and drive better pricing. However, currently there are only a handful of procurement functions that are making the best use of large amounts of data they generate. In line with our previous…
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How Data Science helps with Supply Chain Management

Every business works with the sole purpose of making profits! Without earning, there is no point in continuing an enterprise. To make a venture profitable, several departments of a business need to work in complete balance. So what’s holding all these departments together? Supply Chain! A lot of factors constitute supply chain- Demand, Supply, Freight,…
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