Introducing Spend Analysis
The procurement department is responsible for making strategic decisions about purchasing. Total public purchase is around $9.5 trillion, which equals 13% of the total global GDP. Thus, CPOs around the world have a huge opportunity to gain a competitive edge by decreasing their purchasing costs. Organizations employ different methodology to decrease cost, one of them is Spend Analysis.
- 06/05/2018
- 2
Quantum Computing: The Next Big Thing
Computers and IT have revolutionized the human race. We have never been this smart, connected to everything and had solutions to every single complex problem. The Moore law states that the number of transistors in a dense integrated circuit doubles every two years, and this has decreased in size to as small as 37.5mm x 37.5mm for a 2.7 GHz processor. Supply chains can be easily optimized using tremendous computing power of computers, which are capable of solving complex algorithms for routing, forecasting, network designing and inventory optimization. The more computing power, the faster the algorithms can be solved. Thus, increased computing power has indirect impact on cost, quality and time of any supply chain.
- 07/04/2018
- 12
How Augmented Reality will Change Online Shopping, Supply Chain and Social Media
Virtual reality (VR) and augmented reality( AR) have drastically evolved throughout time. Virtual reality (VR) is an artificial, computer-generated simulation or recreation of a real life environment or situation. It immerses the user by making them feel like they are experiencing the simulated reality first, primarily by stimulating their vision and hearing. Augmented reality (AR) is a technology that layers computer-generated enhancements atop an existing reality in order to make it more meaningful through the ability to interact with it. AR is developed into apps and used on mobile devices to blend digital components into the real world in such a way that they enhance one another, but can also be told apart easily.
- 17/03/2018
- 11
Your Social Media Account is Making you Dumber
It has been around 10 years that I have been exposed to social media starting from Orkut to Facebook. It all started after one of my friends suggested me to explore it.
- 10/03/2018
- 10
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