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Future Sourcing and Procurement Trends Prediction by Sourcing Consultants

Procurement Freelancers

Are you prepared to handle the sourcing industry’s fast-changing landscape? In the current unstable economy,… The post Future Sourcing and Procurement Trends Prediction by Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

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The AI Advantage: Unlocking New Value for Procurement Teams

World of Procurement blog

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently.

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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

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ChatGPT in Procurement — Revolutionizing the Norm

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. What is ChatGPT?

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

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The top capabilities of Sourcing Optimization solutions

Spend Matters

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Bertrand Maltaverne looks at sourcing optimization. In this article, our analyst Bertrand Maltaverne looks at sourcing optimization.

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The difference between traditional AI and GenAI in S2P

Spend Matters

In SAP® Ariba® Sourcing, for example, there are AI-driven tools that enable practitioners to automate the RFx process. The distinction between traditional or mundane AI and GenAI remains blurry in the procurement industry as GenAI takes on a life of its own. AI existed for a long time before generative AI (GenAI) emerged.