Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 




#AI News: Artificial Intelligence and Additive Manufacturing to Transform the Supply Chain Process, Reports SpendEdge

 

LONDON - March 6, 2017 (Investorideas.com Newswire) Artificial intelligence and additive manufacturing or 3D printing are emerging technologies that have a huge potential in a variety of industries and applications. Despite both technologies being fairly new, particularly 3D printing, procurement market intelligence experts at SpendEdge state that these technologies have several applications in the supply chain for addressing procurement challenges, and will very soon become an integral part due to its improved and sophisticated functionalities.

Advantages of additive manufacturing (AM)

Rapid prototyping is one of the most common uses of additive manufacturing. 3D printing makes the creation of prototypes much easier and faster, allowing manufacturers to test multiple iterations of a design quickly. Since designing a successful product can be very expensive and time-consuming, 3D printed prototyping makes it quite simple at the same time shortens the manufacturing cycle.

The impact of AM on supply chain is massive, some of which include increased manufacturing flexibility, reduced material waste, and the ability to employ decentralized manufacturing strategies. The technology reduces design complexity and material need, thereby helping companies work toward lean production as well as improve design quality.

Have a question for our procurement market intelligence experts? Get in touch with us

Artificial Intelligence (AI)

Artificial intelligence changes supply chain processes into algorithms to monitor the entire operation. This is useful in many ways, such as locating inefficiencies in the production process and determining the best ways to mitigate them. AI can also analyze data from other operational aspects, such as financial information and team structure. By looking at information from different viewpoints of business, it can find insights that would otherwise be missed.

With the use of AI in supply chains, companies can establish an agile supply chain, enabling them to anticipate and deal with business uncertainties and disruptions. Procurement market intelligence experts at SpendEdge accomplish this using AI technology in supply chains will also result in building a structure where there is a continuous flow of products and data from one end point to the other of the global supply chain operation.

SpendEdge also offers a web-based subscription portal solution, providing ready-to-use actionable insights for better-quality sourcing and procurement decision making. Request for a demo to know more about our solutions.

About us

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred market intelligence partner for leading Fortune 500 firms and other leading companies across industries. Our strength lies in delivering actionable insights that help sourcing and procurement professionals get the right information in the right format, without any unnecessary frills.

Our procurement market intelligence coverage extends across critical processes of sourcing strategy planning process and helps clients achieve more than mere monetary savings. Our procurement insights are well-defined to meet the information needs of the procurement organizations and are aimed at helping category managers extract hidden values out of sourcing teams, suppliers, contracts, and processes.

Contacts

SpendEdge
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.spendedge.com
jesse@technavio.com

TechSectorStocks.com - investing ideas in tech stocks- mobile payments, social media, AI and Robotics, Drone Stocks, GPS and more

Like Tech Stocks? View our Tech Stocks Directory

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.


Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max



Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner