Procurement Technology

Early bird pricing expires soon for NextGen Supply Chain Conference registration

Friday, August 30, 2024 · Brian Straight
The NextGen Supply Chain Conference is offering an early bird pricing discount for the Oct. 21-23 conference, but the opportunity to attend the conference at the lower price expires Sept. 6.

The disconnect between procurement budgets and efficiency

Thursday, August 22, 2024 · Brian Straight
A recent survey from JAGGAER found that 53% of procurement and supply chain professionals said that workload issues and inefficiencies are the top risks facing their organizations, and if they had the right technology and more time, they could grow the business and drive…

AI-driven sourcing: Why the speed of change is going to only accelerate

Friday, July 26, 2024 · Seth Catalli
From sourcing and supplier management to price negotiation and compliance, procurement leaders are waking up to the power of AI-powered spend management in their daily operations.

Boeing turned to Fairmarkit, AI to help land its tail spend

Wednesday, July 24, 2024 · Brian Straight
Boeing faced unknown spending, but a pilot program using Fairmarkit’s artificial intelligence platform helped bring its procurement spending into the light.

The key to good data management? Start with good data

Friday, July 5, 2024 · Brian Straight
As more companies turn to AI to manage and analyze their data, the concept of clean data sometimes gets pushed to the side.

Chatbot is not the answer: Practical LLM use cases in supply chain

Tuesday, July 2, 2024 · Marianna Vydrevich
Chatbots are the choice many make when implementing large language models, but for supply chains, there are better alternatives that provide more immediate value.

Procurement data to decisions: Actually acting on ‘actionable’ insights

Monday, July 1, 2024 · Matthew Buckingham, vice president of business development & alliances, Focal Point
With modern procurement software, API-enabled data flows, and AI-guided processes, procurement teams get to focus on what they do best: setting strategy, managing projects, and identifying spending optimization opportunities.

Unlocking the value of procurement in the evolving midmarket

Tuesday, June 4, 2024 · Etosha Thurman and Stephanie LeRoy
By implementing digital solutions, Cirque du Soleil has embraced a more agile and efficient approach to procurement, positioning itself for a bright future with long-term growth.

The state of procurement

Sunday, May 19, 2024 · Gary Forger
Procurement is transforming faster than ever. Cost, quality, and speed still matter. But now procurement managers are under pressure from one end of the supply chain to the other. As well as from within their own companies. This is going to take some work to tame.

Procurement best practices

Sunday, May 19, 2024 · Brian Straight
Procurement is transforming. Gone are the days of blindly spending with single suppliers, replaced by a complex network of diverse global suppliers. Gone are the days of procurement leaders “that just know what to do,” replaced by workers leveraging technology to fill in…

Shining light on procurement’s dark purchases problem

Friday, April 5, 2024 · Brian Straight
Many companies do not have processes in place to control procurement spending, leading to millions in wasted dollars from untracked dark purchases.

CPOs Pivot AI Focus from What’s Possible to Implementation

Thursday, March 21, 2024 · Brian Straight
More procurement leaders are trying to implement AI and automation into their operations, shifting gears from a what's possible to a how-to-implement strategy.
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