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How to Relieve Labor Shortage Challenges with Vendor Managed Inventory

American City & Country

By: Lawson Products In today’s fast-paced world, efficient procurement is crucial for any entity. What is Lawson Vendor Managed Inventory? Your Lawson Representative plays a key role in this system, acting as your single point of contact for product selection, application support, and inventory management.

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GSA closes in on enterprisewide software deal with Microsoft

Federal News Network

This change will help to reduce price variance, secure more favorable terms and conditions, and capture 25% in efficiency gains, avoiding the wasted effort of having each agency individually plan, research and negotiate for the same common requirement. GSAs optimism for this time is based on several factors.

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New Inventory Visibility and Collaboration Capabilities Enhance Ivalua’s Procure-to-Pay Solution

ivalua

Helping businesses reduce the risk of supply chain disruption, optimize inventory levels and make better buying decisions. Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability. min, max levels)

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National Archives getting a big boost from AI to transform its search capabilities

FedScoop

Shakir pointed specifically to an AI-based semantic search pilot at NARA that, according to the agency’s use case inventory , “aims to enhance the search functionality of its vast catalog” by leveraging technology that “goes beyond keyword matching, understanding the user’s intent and the contextual meaning behind their search terms.”

IT 135
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VA seeks information on AI governance and framework

FedScoop

Additionally, the contractor would be responsible for supporting the VA’s current AI use case intake, inventory and review processes. “AI The contractor ultimately chosen by the agency would be in charge of developing and operating a “comprehensive, robust AI governance process and program at VA,” according to the request.

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The FBI is using AI to mine threat tips, but isn’t sharing much detail

FedScoop

The “Threat Intake Processing System (TIPS) database uses artificial intelligence (AI) algorithms to accurately identify, prioritize, and process actionable tips in a timely manner,” one undated version of the Justice Department’s AI inventory states. Based on the algorithm score, highest priority tips are first in the queue for human review.”

Inventory 138
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Working Capital: Leverage Spend to Improve Capital Efficiency  

ivalua

If we apply the adage of, “Whomsoever holds the gold makes the rules”, we can further leverage this purchasing power to unlock working capital, improve capital efficiency, and generate savings. The reality is, to turn inventory, make the sale, and then collect funds takes most buyers over 30 days. That is easy!