Procurement Insights

APRIL 18, 2025

Based on the input from the 1998 Agent-based RAM platform, which featured self-learning algorithms within a nascent AI framework, confirmed prior research indicated that Indirect Material MRO products were prone to much greater volatility over time than Direct Materials.

Price 75

Price Demand Supply chain Real-time Visibility 75

Procurement Insights

MAY 22, 2025

is a leading AI-powered platform specializing in third-party risk management, compliance, and supplier lifecycle automation. AI-First Automation: AI is built into every step, simplifying workflows, automating processes, and delivering real-time insights for compliance, onboarding, KYC/AML, contract management, and ESG initiatives.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain budgeting Stakeholder engagement Agile and Lean Supply Chain 40

IBM Supply Chain Blog

FEBRUARY 13, 2024

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. And global sourcing provides businesses with access to less expensive resources in low-cost regions. This technology can also help reduce the risk of regulatory non-compliance.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

SCMDOJO

APRIL 16, 2025

The Just-in-Time methodology is a structured supply chain and production strategy where materials, parts, and goods are delivered precisely when needed, minimizing inventory storage and reducing waste. However, it also shifts responsibility onto the timing and accuracy of every delivery and production step.

Supply Chain Efficiency 71

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 71

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. This is where managed procurement services come into the picture.

Management 52

Management Procurement Real-time Visibility Ethics 52

HICX

APRIL 14, 2025

From cocoa sourced in West Africa and spices from India to packaging from China or Brazil, every component is exposed to geopolitical risks. F&B companies depending on globally sourced ingredients (like soy, palm oil, or cocoa) could face shortages or surging prices. Countries affected by U.S.

Suppliers 40

Suppliers Real-time Visibility Management Agile and Lean Supply Chain 40