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Top 5 Strategies to Optimize Costs for the Energy Supply Chain

Complexity is rampant in energy sector supply chain processes, and this guide can help those experts respond to increased pressure from CFOs and CEOs to lower costs and streamline processes.

Digitalizing is one solution. Digitalizing doesn’t mean roads, factories, and power plants of the future will cease to exist as physical entities. But it does mean that our physical and digital infrastructures will become increasingly integrated, resulting in an improvement in economic, environmental and social outcomes across our fundamental systems.

This includes digitalizing the all-important energy sector. Each day you’re pushed a little further outside of your comfort zone and forced to rely on your ingenuity to solve complicated problems. Building end-to-end capabilities and solutions that ensure supply chain reliability, efficiency and innovation are at the center of everything you do. Now, more than ever, the ability to analyze cross-functional processes against existing systems is critical to make fast, intelligent value optimization decisions.

Amid the coronavirus disruption, workforce technology gets AI help with finding, managing and diversifying talent

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There is no way to know what the “new normal” will look like once the COVID-19 pandemic has subsided. So how can companies find ways to adapt to meet such unpredictable, rapidly changing workforce needs while finding success in this atmosphere?

Adopting technology powered by artificial intelligence (AI) offers employers data-driven answers to many of these questions. Before COVID-19, the available AI solutions tended to be used for talent acquisition and retention — if they were used at all. Now, some AI applications provide data that can be used to determine everything from how to hire (remote, near remote or onsite) to which workers will likely leave.

Business Intelligence to Transform Procurement