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Digital Procurement Strategy

Procurement is an essential part of any business, but with the advancement of technology, it has undergone a significant transformation. Digital procurement has emerged as a game-changer in the world of procurement, and it's not just about buying products online. It encompasses all aspects of the procurement process that use digital technologies to optimize efficiency and effectiveness. In this article, we'll explore what digital procurement is, its benefits for businesses, how to create a digital procurement strategy that works for you, and some challenges you might face along the way.

Supply Chain Issues and Business Intelligence Technologies

Risk management is one of the most important functions in any logistics company. It is a complicated task, which requires reliable and accurate data to make informed decisions about business operations and avoid potential pitfalls. To this end, businesses today are looking for the most effective Business Intelligence tools in the field of supply chain management. Furthermore, because taking risks is part of every successful business strategy, it is equally important to keep track of the efforts that can lead to failure as well as rewarded ones.

The Metaverse – A new digital marketing trend

In the changing technological environment, brands have begun to embrace new technologies to experiment and create. They will continue to experiment with technology trends and new initiatives to drive value for customers, who can now be a part of their personal experience and engagement. In 2022 and beyond, one of the brand's most innovative ideas is about Metaverse related concepts. This year's new product line includes Metaverse Wanderer, an interactive game leveraged on the Metaverse' creator virtual world. Metaverse is a virtual platform that combines a wide range of virtual and augmented reality technologies. These digital platforms include social media and interactive platforms, which a user can use to interact in some way. Social interaction means that users can communicate directly with each other and there’s a possibility that you could experience products, digitized stylized 3D environments and creative materials using Metaverse technology.

The Effects Artificial Intelligence Has Had On Society And On Business

AI is pervasive in almost every facet of life today. It is often touted as the next big technological trend, and it is driving progress in technology and business. Companies are beginning to implement AI into their products and services, while individuals are also benefiting from its many use cases. Small businesses play a vital role in our economy and have been a significant force for job growth. According to statistics, in the United States, small businesses create more than half of jobs and account for more than 40 percent of GDP." At first people thought that artificial intelligence would only be used in military industries. But now, AI has been changing the way business is done. From personal applications such as voice assistants and chatbots to team collaboration and automation of processes, AI can improve productivity and maybe even save some jobs.

How Facebook helps a business to grow?

The availability of Facebook for small businesses and for the SMEs has become an essential element of business development strategy in Vietnam. Small business growth significantly depends upon knowledge, brand awareness, reputation and recognition by consumers. Thus, access to Facebook platforms can help businesses to rank higher among their competitors through effective marketing strategies. Facebook is a business platform that allows businesses to take advantage of, exploit and develop for their own businesses. It’s our mission to help you understand how Facebook makes businesses better by making it easier for you to: Connect with the people you know; Simplify & save time for the updates you care about; Find relevant information about topics that keep your mind fresh and active; And find ways to connect with your friends, family and professionals globally. The potential of Facebook as a marketing tool is not difficult to understand. First, it has a huge number of users who are present and active on social media every day. According to the latest report of We Are Social 2019, in Vietnam, Facebook is the 2nd most visited website after Google, the social networking platform Facebook Messenger ranks 3rd in terms of active users. The total number of customers that are approached monthly from advertising (Monthly Active User) reaches more than 61 million people, in addition, the average Vietnamese people spend up to 4 hours and 30 minutes on social networks every day… These figures That said, your potential customers are present and active on this platform every day, that's why businesses can't ignore the implementation of marketing activities on the Facebook platform. The use of social networks can help you in gaining new customers and increasing sales. Fanpage represents the face of your business on a social network, helping you to reach target customers. The combined use of these two platforms will help businesses grow in both sales and brand awareness.

Empathy is important for the employees nowadays

Why the empathy is most important to the employees?

In today’s world, employees are more stressed than ever, and if their employers don’t understand the emotional exhaustion they are feeling, they won’t be motivated to succeed. That’s why it is so important for leaders to understand their employees and show empathy towards them instead of forcing decisions or being too harsh.

Healthcare Industry - Market Update from 14 – 19 September 2020

The Conflict Management Skills Needed for Work Past Relationship

Here’s the thing: Conflict doesn’t have to be a bad thing. In fact, conflict actually helps us get better at our jobs, because it forces us to think more critically and creatively about how we can solve problems. Yes, it can feel scary and uncomfortable — but that’s exactly why you need to work through it. Use the steps laid out below to get started and start moving toward working towards the workplace of your dreams. Conflict is a natural part of any relationship, especially those at work. It means that people are actively negotiating their needs and expectations with others, and that’s exactly what helps us stay comfortable with our workplace interactions. Clearly communicating your expectations, concerns and thoughts can help you avoid uncomfortable situations down the road.

Checklist for Choosing the Right Agile Partner

Having a partner to support your agile transition is critical to success