article thumbnail

Unleashing the Power of Spend Analysis in Procurement

Empowering CPO

At its core, spend analysis empowers businesses to unlock the hidden potential within their procurement data, leading to improved cost savings, supplier management, and overall procurement performance. This enables them to strengthen supplier relationships, negotiate improved terms, and effectively manage supplier risks.

article thumbnail

Operationalizing responsible AI principles for defense

IBM Supply Chain Blog

This must be communicated from the outset, and there must be a recognition of the practices, skill sets and thoughtfulness that need to be put into models and their management to monitor performance. The method merges best practices in data science, project management, design frameworks and AI governance. They must have power.

Ethics 104