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Constant challenges to norms stimulate innovation, the latest developments show that major logistics companies accept that and are investing. The combination of artificial intelligence, machine learning and timely data can give us a window into the future.
Apple sales fall but iPhone demand persists Apple sales have continued to fall, as the economy slows and buyers, squeezed by rising prices, put off purchases of computers and iPads.
What is Reverse Auction Software? Reverse auction software is a digital platform that enables buyers to solicit bids from multiple suppliers in real-time. Unlike traditional auctions, reverse auctions involve suppliers competing against each other. The lowest bidder wins in this auction, not the highest. They must offer the lowest price for the product or service. […] The post How Much Cost Savings Can I Achieve Using Reverse Auction Software?
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
We’re headed to Vegas! We’re excited to attend #CLOC2023 this year! It’s our first time attending, but we’re ready to make a splash. Stop by Booth #248 to put ContractSafe to the test. To show you just how quick and easy ContractSafe is, we made it a race. Go head-to-head with your colleagues; the first to complete the Contract Management tasks in our demo account wins!
Members of the House Select Committee on the Chinese Communist Party want details on materials sourcing and compliance with the Uyghur Forced Labor Prevention Act.
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Members of the House Select Committee on the Chinese Communist Party want details on materials sourcing and compliance with the Uyghur Forced Labor Prevention Act.
We’ve entered an AI era where 76% of work can be augmented or automated. However, only 3% of companies apply automated execution and 7% autonomous end to end planning. 2% of managers apply best practice decision methods. Hardly a recipe for improving planning & decision making. Imagine the opportunity if we closed this massive planning, decision & execution gap with a new planning paradigm.
Key takeaways When an invoice is received, the accounts payable team is responsible for reviewing and reconciling the invoice so payment can be posted. Manual invoice approval workflows are inefficient and time-consuming, they lack control and transparency for teams, and are expensive and error-prone. High invoice processing costs are among the top challenges affecting AP teams.
While a number of companies are tackling the complexities of the ’indirect’ tail, the same cannot be said for direct. The post AOP Introducing… CADDi appeared first on Art of Procurement.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
For procurement teams, what’s better than gaining accurate and actionable spend intelligence in real-time? Using that intelligence to drive and demonstrate value to stakeholders. With SpendHQ, now you can do both – without toggling between service providers or platforms or wrangling your data from one system to another. The post SpendHQ Adds Procurement Performance Management to SaaS-based Spend Intelligence Platform appeared first on SpendHQ.
Only 167 major new construction projects were planned for the North American distribution and supply chain sector in April 2023, a 19% drop compared to March 2023.
We live and work in a busy world in which there is little time to read, watch or listen beyond the headlines. Hello, my name is Iain Campbell-McKenna, and this is “Procurement in 5-minutes.” That’s right, in 5-minutes (or more), I promise to tackle some of the biggest challenges and deepest questions our profession and industry face on a day-to-day basis.
Introduction A. The Importance of Digital Transformation in the Modern Business Landscape In today’s rapidly evolving and competitive global market, businesses must continuously adapt and innovate to stay ahead of the curve. One of the most significant drivers of this change is digital transformation. Embracing digital technologies has become a necessity for companies to streamline operations, improve customer experiences, and increase overall efficiency.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team.
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