Industry experts from Amazon Business, Bristol Myers Squibb, and SMBC Americas discuss AI-driven procurement strategies at BI ...

Supporting the value chain Today's vendor sourcing solutions are building on past successes, merging Internet tools and peer-to-peer networking solutions with ever-intuitive, multidimensional ...

4. Transition to low carbon energy McKinsey, in its report, “A new era for procurement: Value creation across the supply chain,” noted the disruptions of the past several years and the impact they ...

By considering a wider variety of situations, procurement teams will be more resilient when facing the shocks that may result, delivering increased value throughout all levels of the supply chain.

According to the article, bringing lean management discipline to purchasing requires action in five areas: 1. Develop a deep understanding of the needs of procurement customers—not only the internal ...

Cost, quality, and speed still matter. But now procurement managers are under pressure from one end of the supply chain to the other. As well as from within their own companies. This is going to take ...

Result: 50% labor efficiency improvement. Overhead: process value alignment. Business processes drive overhead cost, but not all processes create value that customers are willing to pay for. Using VOP ...

Supply chain’s purpose has traditionally been about operational efficiency—delivering value by making sure that orders arrive from suppliers on time and in full, and delivering finished products.

In today’s rapidly evolving digital landscape, the role of procurement is undergoing a profound transformation. Once ...

Third-party management was born out of increased scrutiny and risk assessment across the supply chain, and post-Great Recession financial institutions were early adopters of practices such as ...

By Gordon Donovan, Market Research Director – Procurement and Supply, SAP “When the world is predictable you need smart people. When the world is unpredictable you need adaptable people.” ...

From increased security and visibility to tracking complex variables related to sustainability and ethical sourcing, blockchain is set to help procurement organizations in all industries lower ...