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April 2024 - Vol. 5, Issue 4 |
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Welcome to the April edition of our newsletter!
As spring blooms and new possibilities abound, we're thrilled to share the latest insights, trends, and updates shaping the landscape of business. From groundbreaking AI advancements to innovative business strategies, this month's newsletter is packed with valuable content to fuel your journey towards success.
We are thrilled to bring you the latest insights, trends, and updates in Technology & Procurement. In each edition, we aim to curate valuable content that not only informs but also inspires. Whether you're a seasoned professional or just starting your journey as an entrepreneur, our newsletter is designed to keep you ahead of the curve.
As we embark on this journey together, we want to express our gratitude for your continued support. Thank you for being an integral part of our community, and here's to a year filled with growth, success, and shared accomplishments.
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Harnessing AI to Revolutionize Business Systems Selection & Implementation |
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In the ever-evolving landscape of business systems; from CRM, FinSys, HRIS, Payroll, Inventory, Production, Procurement to full suite ERP, staying ahead of the curve is imperative for success. Leveraging the power of Artificial Intelligence (AI) has become a game-changer, offering unparalleled efficiency and effectiveness across various stages of the business systems selection and implementation process. From identifying requirements to negotiating contracts and implementing solutions, AI is transforming how businesses embrace digital transformation. Let’s explore how to harness AI to streamline this complex process and drive unparalleled value for businesses.
- Creating & Defining Requirements:
AI-powered tools can help analyze in seconds, vast amounts of data, market trends, and business goals to generate comprehensive requirements tailored to specific needs. By understanding business patterns, workflows and future objectives, complimented by industry standards, AI helps create precise and data-driven requirements, optimizing the procurement process from the outset.
Read the full article here.
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Challenges that SME Owners Face and How to Address Them with Numbers |
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Small business owners are the lifeblood of economies worldwide, playing a pivotal role in driving innovation, fostering competition, and creating jobs within their communities. These entrepreneurs embody the spirit of enterprise, often risking their own capital and investing countless hours to pursue their passions and bring their visions to life. Beyond their economic contributions, small business owners serve as pillars of local communities, fostering social cohesion and injecting vitality into neighborhood dynamics. Their resilience, creativity, and dedication not only fuel economic growth but also enrich the fabric of society, making them indispensable contributors to the prosperity and vibrancy of both local and global economies. Canadian SME Business Magazine talks about the many challenges that SMEs face despite being strong contributors to the Canadian economy:
"SMEs are strong contributors to the Canadian economy. As of December 2021, there were 1.42 million Canadian SMEs, employing 81.1% of the total private labour force. Overall SMEs contributed 50.4% to gross domestic GDP in 2019."
Despite their prominence, SMEs face many challenges, illustrated by the fact that between 2015 and 2019, 101,324 SMEs were created, and 90,151 SMEs disappeared annually on average."
This article focuses on some of the most common challenges that SMEs owners face and how they can be overcome with quantitative analysis.
Read the full article here.
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Disparate, Hodge Podge Business Systems: How SMB Can Avoid Stressful and Costly Upgrades
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Aptitude + Attitude = Altitude
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WHAT is Strategic Sourcing and WHY CXO’s Should Care
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We strive to keep you up to date and informed about company news, events and updates! We have also featured various upcoming business events going on in the GTA! |
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Thank you to Wealth & Finance for this incredible honour. Our unique approach is proven to reduce time, cost, risk and stress for our clients, due to time constraints, rising costs, incorrect fit, illness or vacations you may experience with full time employees, individual contractors or consultants. |
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International Conference on Business & Economics 2024 |
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Toronto Big Business, Tech & Entrepreneur Professional Networking Soiree |
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International Trade Fair, Business & Investors Summit - ITFBIS 2024 |
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One-Stop-Shop for Small and Medium Business Services! By leveraging trusted, verified suppliers, ProcureHub enables SMB buyers to say goodbye to wasted hours scouring the internet for the right supplier. Our marketplace saves you time and money by providing a one-stop-shop for all your business needs. |
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We're proud to have the following businesses join us as a Founding Supplier on ProcureHub Marketplace. To checkout their services and more visit www.procurehub.ca |
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SCentry Solutions Inc. is a consulting company that provides supply chain consulting, procurement, and inventory management services.
Looking to hire SCentry Solutions? Click here to join the ProcureHub Marketplace. It's FREE!
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Browning Financial Services (BFS) Insurance provides insurance and business solutions.
Looking to hire BFS Insurance? Click here to join the ProcureHub Marketplace. It's FREE!
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The Story Architect is a marketing company that specializes in strategy blueprints, activation, MarTech consulting, content creation and more.
Looking to hire The Story Architect? Click here to join the ProcureHub Marketplace. It's FREE!
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BookTrib Review -
How NOT To Get Screwed By Your Suppliers And SAVE Millions!
Read the review here!
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Practical, Applicable, Sustainable Solutions!
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