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FM Procurement & Supply Chain Management Turning technology for transformation

by Clean India Journal - Editor
0 comment

[box type=”shadow” ]Data is the new ‘Oil’ to operate organization successfully like we need fuel for running a car. The next big wave is ‘intelligent data’ which can be culled by using right digital platform. Integrated platforms can be like icing on the cake.
-Amit Verma[/box]

In the area of cleaning, Sodexo has piloted the use of robots and automatic sensors for washroom cleaning. As a result, cleaning services are undertaken needbased v/s the earlier set pre- decided cleaning sessions. This helps optimize the use of cleaning chemicals, lesser usage of resources like water and ensures effective time management of the on-site staff.

AI, Data analytics capabilities and Digital platform shaping future of procurement

With the advent of artificial intelligence (AI) and machine learning, businesses have undergone a sea change in terms of planning, strategizing and decision-making as well. The key to digitisation lies in real-time accessible information through IoT or cloud-based predictive analytics. These solutions don’t need to be created but can be serviced from thirdparty logistics which offer supply chain strategy around shipment visibility.

Aval lists down the numerous benefits that procurement teams as well as businesses can expect. In financial terms the overall business stands to gain as more savings are made. Considering that until recently, it was difficult to arrive at organisation’s overall spending figures, AI has transformed that problem with a solid data foundation which has been analysed through multiple algorithms. This has enabled organisations to find hidden opportunities across several layers. Spent-analytics can help organisations save 15-25 per cent on the organisation’s addressable spent. AI has enabled procurement to find a solution to this huge problem and accrue financial benefits as well.

[box type=”shadow” ]Workplaces are starting to ask for the appropriate products, solutions and technology that can help reduce the overall carbon footprint with elimination of single-use plastics, promote use of organic chemicals, robots and mechanization and supply chain integration for the best outcomes.
-Manish Thakkar[/box]

Increased productivity is another benefit. Procurement teams can focus on savings if they can save needless time and efforts through analytics and AI. They no longer have to spend their time in analysing data out of spent capture systems which requires massive efforts to be linked, cleaned and sifted to be put to analysis. AI helps configure this data at a click of a button. Through advanced spent analytics solutions, procurement can gather hidden savings, quantify them and suggest ways to optimise the impact of various sourcing initiatives.

Cultural drive is the most underestimated concept but is still the most significant. AI adoption can help establish procurement to a prominent position within the organisation and help drive business decisions.

Internal stakeholder engagement is another key benefit of adopting AI technologies. Procurement teams are able to start an internal conversation at par with the other departments of the organisation with detailed data-driven analytics. This also changes the perceptions and perspectives of other internal stakeholders towards procurement and makes them realise its importance.

Negotiations with external suppliers also becomes easier owing to the presence of data that can’t be ignored. Instead of relying on verbal ways or words or personal relationships and typical bargaining methods, a category manager can show the requisite data of say, budget constraints and ask for a price drop and let the suppliers consider dialogue over terms.

[box type=”shadow” ]E-Procurement is going in a big way which addresses the concern of conventional placement of orders. While the proposals are sent to multiple vendors and quotes are received by the clients, the tool helps evaluate the proposals sent by the vendors, assess & analyse the best rate and helps in the placement of the order. This system will not only identify the lower quote but also provide data analytics on the basis of which the vendor can be selected.
-Sathish Rajendren[/box]

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