World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. One of the biggest challenges in procurement has been gaining visibility into exactly where money is being spent across the organization.

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Supply Chain Game Changer

OCTOBER 28, 2021

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. And, only 15% had visibility into tier 2 or beyond. Dirty Little Secret #1.

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Spend Matters

SEPTEMBER 14, 2023

We have also seen a need for change in category management, which was also ranked among the top drivers of digital transformation in procurement. Additionally, nearly a third view category management as the top technological trend to implement in the coming year.

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Spend Matters

OCTOBER 26, 2023

See the Lists The Future 5 start-ups are taking technology further to address problems not previously solved, or are introducing a new category of automation that tackles new challenges in interesting ways. procurement bundles their demands to get cheap materials. Today please get to know akirolabs.

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Procurement Software

MAY 14, 2024

Key Takeaways: Why we need Intake and Procurement Process Orchestration Streamlining of Procurement Process: Process orchestration simplifies the intricate procurement process by automating and integrating each step from intake to procurement, ensuring operational efficiency and strategic alignment with business objectives.

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Supply Chain Game Changer

MARCH 28, 2020

So if your Procurement team is truly a transactional based organization today then your focus needs to be on getting it out of the dark ages and into modern times. The starting point is defining where you Procurement team is on the Procurement Value Chain continuum. Procurement 101. Keep Buying Procurement!

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Claritum

AUGUST 4, 2020

should Procurement be involved in these transactions? The Procurement team need only to be able to monitor and report as. The following diagram shows the relationships that should exist between suppliers, users and Category Managers. Address procurment strategy. Why would or. Ensuring that policies.

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