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Friends not Foes, Supplier Relationships Made to Last

ivalua

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Why is Supplier Information so important?

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The Benefits of AI in Procurement

Oxford College of Procurement and Supply

AI can bring many benefits to procurement teams and their companies. In this post, we take a look at the benefits of using AI in procurement departments. Information AI allows procurement teams to mine huge amounts of complex data. They can then identify the most relevant and appropriate AI solutions.

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Streamlining Public Procurement: 6 Strategies for Efficiency and Compliance

ivalua

As public procurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Scalability. Data Insight Strategy. Adopting Automation

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Rome wasn’t Built in a Day, Neither was your Supplier Relationship

ivalua

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Why is Supplier Information so important?

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AI and All That – Ivalua Now Looks to the Future

ivalua

Then the “intelligence layer” (machine learning, NLP etc) and finally the “engagement layer” (how we interact with AI across various procurement processes and tasks) sit on top of that. Soft skills and leadership are key enablers for procurement teams and are as important as technological competence.

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Saving the planet through procurement: Governments are identifying ways to use purchasing to achieve and support sustainability goals

American City & Country

In addition, there are several comprehensive guides to green purchasing available online, including from the Nation Association of State Procurement Officials (NASPO). Pursuing a sustainability plan When a procurement team is committed to green purchasing, there are a variety of strategies that can be considered.