Suppliers

Uncovering Hidden Opportunities and Mitigating the Impacts of Inflation in Indirect Procurement

Posted: 09/10/2022 - 00:02
Author: Omer Abdullah
Mitigating the Impacts of Inflation in Indirect Procurement

Indirect procurement isn’t a new field. It’s been around for decades, helping to control spending and reliably source the goods and resources internal teams need to do their jobs and keep the business operational. 

But, today, it still finds itself in the same position that direct procurement was in up until a few years ago. Perceptions of indirect procurement as a cost-saving, enabling function have caused many organizations to overlook the potential value it can deliver. 

COVID-19: Where is your supply disruption?

Posted: 04/13/2020 - 01:06
Author: Bill DeMartino
Coronavirus map

When the first few cases of Coronavirus (COVID-19) were detected just four short months ago, few could have expected what has now become our new reality. We are in the midst of a global pandemic outbreak that tragically continues to claim the lives of thousands and disrupt the livelihoods of countless others. On top of that, it’s also causing serious business, supply chain and economic disruptions worldwide. From shortages in supply and talent, to quarantine and border closures, the impact is increasing by the day, continuing to wreak havoc on businesses and supply chains.

The Shift to a Seller’s Market

Posted: 08/22/2019 - 06:49
Author: Amanda Prochaska
Everyone is talking about change. Transformation. Millennials. Digital. Continuous Improvement. There are likely many more words that are tossed around to explain the change everyone is either experiencing or are being told we need to do. A lot of time and effort has been spent on transforming procurement – but what about the change occurring within your supply base? 
 

How Artificial Intelligence is Transforming Business

Posted: 02/02/2019 - 05:32
Author: Steven Sargent
Artificial Intelligence (AI), is a much used and abused term, potentially at the top of its hype cycle.  In one of her recent speeches Theresa May identified AI as a major growth area for British businesses and Juniper research estimated that AI will save businesses $8 billion a year by 2020. AI is predicted to disrupt business and procurement over the next five years through the use of robotic process automation, machine learning and cognitive procurement. 
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