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AI in procurement: How different industries are harnessing its power

Spend Matters

Manufacturing and industrials: Strengthening the supply chain backbone In the manufacturing world, procurement is about much more than just tracking spend its the heartbeat of supply chain management. Supply network modeling, now integrating large language models (LLMs), allows for precise tracking and material tracing.

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Procurement Speakers 2022 – 10 Most Popular Experts

Procurement Tactics

Sebastian Chua started his procurement journey with Hewlett Packard/Agilent Technologies as their country manager for Singapore, India, Thailand, and the Philippines before he took on the job as the regional procurement manager. . Furthermore, He was voted by Supply Chain Digital as one of the top 10 procurement executives worldwide.

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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

A favorable variance indicates that the company is spending less than planned, whereas a positive outcome means the company is spending more than the planned budget. 2) Planning & Budgeting Planning is a crucial part of any business activity. However, its impact is typically greater on the buyer than on the supplier.

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SCMDOJO’s Supply Chain and Operations Expert Marketplace

SCMDOJO

The following is a business case highlighting the background, context and value proposition of SCMDOJO’s Expert Marketplace, a platform designed to connect businesses with specialized Supply Chain Expert Services. It is within this context that SCMDOJO’s Expert Marketplace was conceived.

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Collaboration, Procurement with Purpose and the Entente Cordiale…

ivalua

In this disruptive age, businesses must move faster and become more agile, so Procurement must respond, to this or we will become obsolete. And increasingly, that means collaborative working with key suppliers who can support that need to be innovative, flexible and agile.

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What is continuous, self-cleaning data?

Procurement Insights

Key Features: Practitioner-Led: Agents (DND buyers) own workflows to teach self-learning algorithms. Enterprise Reality: Vendors like Coupa or GEP cant fully control enterprise variablescultural resistance, budget constraints, or IT bottlenecks. Self-learning algorithms augment this by analyzing agent actions (e.g.,

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The power orchestration play: Supplier management

Spend Matters

The modern procurement leader must manage risk, drive ESG, deliver cost savings and enable innovation often without additional headcount or budget. In a landscape shaped by inflation, supply chain fragility, regulatory pressure and digital transformation, orchestration is more than a buzzword.