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Hackett Survey: Pandemic Drives Significant Changes In Working Capital Performance in 2020

The Hackett Group

Companies Dramatically Slowed Payments to Suppliers While Disrupted Demand Caused Inventory to Reach Record Levels; Cash-on-Hand and Debt Both Also Rose to Record Levels. MIAMI & LONDON, July 15, 2020 – The pandemic drove significant changes in working capital performance among the 1000 largest non-financial U.S.

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Technology Trends in the Manufacturing Industry

Transperfect

2020 was arguably the year of digital transformation. From human/robot collaboration to inventory management, AI improves manufacturing processes by: Speeding them up. This enables technicians around the world to receive the same support. It’s also a quick way to solve problems without having to deploy someone in-person.

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The Year of Living Intelligently in the Cloud

Automation Anywhere

Reduced costs —By intelligently automating business processes, organizations eliminated the time employees spent doing accounts payable, inventory management, customer service, and other important tasks. As stated in the report, “Back in September 2020, twice as many new customers were choosing cloud RPA over on-premises versions.

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Applying AI for Good | Automation Anywhere

Automation Anywhere

After an economically tumultuous 2020 due to the pandemic, businesses are increasing their investments in advanced technology at a rapid pace. The use of forecasting through predictive analytics has always existed for improving efficiency for inventory management. For good or ill, AI is here to stay.

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When Your Supply Chain’s Disrupted, Intelligent Automation Steps Up

Automation Anywhere

million workers since March 2020, and a shortage of 330,000 truckers is forecasted through 2024. Inventory management Inventory management is foundational to your supply chain activities. Purchase orders After inventory management comes managing purchase orders. The shipping industry lost 1.52

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Ripples Become Waves: The New Supply Chain Normal

Automation Anywhere

But 2020 changed that, probably for good. From a sharp drop in demand in the early part of 2020 to an acute supply shortage in the latter half of 2020, many global and local retailers, consumer products manufacturers, and logistics companies were caught off-guard.

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MRO spare parts optimization

IBM Services

trillion, up from USD 864 billion in 2019 to 2020. 1 Another study revealed: The swinging pendulum The MRO spare parts inventory varies depending on the industry and equipment, ranging from specific items to encompassing more basic supplies. regulations, undergoing digital transformation and the need for cost-cutting.