Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

Most procurement professionals during challenging times would file the procurement procedure book in the round file cabinet and resort to a more “hand-to-mouth” strategy, but your procurement process ...

Artificial intelligence is fundamentally changing how companies buy goods and services, transforming procurement from a back-office function into a strategic business driver. Where procurement teams ...

The past year’s economic volatility forced business leaders to shift strategies and reduce spending while simultaneously seeking new paths to profitability. In particular, according to a Gartner ...

The use of digital tools in the era of AI is changing the procurement process in the modern business world. We are living in ...

Artificial intelligence is a hot commodity, but government agencies need to be cautious about buying it, experts say. The biggest consideration is security. “It’s a challenge. There’s no other way to ...

The time‑tested request-for-proposal (RFP) model that has underpinned enterprise buying for six decades now feels outmoded. It is a the deepening mistrust between buyers and vendors that drives the ...

Procurement process automation AI streamlines the entire procure-to-pay process by automating routine tasks and decision-making. Smart procurement platforms can convert simple employee requests, such ...