Blog
Leveraging Procurement Software for a More Resilient Oil & Gas Supply Chain
Anyone who has filled up at the gas pump over the past few years can testify to the volatility of the oil and gas industry. And though the industry is no stranger to supply chain disruptions, the current landscape presents unique challenges. Economic downturns,...
5 Challenges Facing the VPs of Supply Chain & Manufacturing in 2023
If you thought supply chain and manufacturing challenges would be the least of your worries going into 2023, you’re either a resilient optimist or spent the last three years living under a rock. Unfortunately for supply chain and manufacturing executives, disruption...
Procurement Strategies for CFOs: Driving Cost Savings and Efficiency
Procurement is a critical function for any business, and as a Chief Financial Officer (CFO), you play a crucial role in ensuring that your company's procurement practices are effective and efficient. You may face challenges such as choosing reliable suppliers,...
What Does Finance Think of Procurement?
Procurement and finance are two sides of the same coin. On the one side, finance is concerned with keeping the company budget in the black. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of...
Overcoming Construction Struggles With Predictive Procurement
In years past, the construction industry lagged behind the pack when it came to predictive procurement and digital transformation. After all, procurement in construction faces many unique challenges and requirements, making it a historically difficult industry to...
What CPOs Need to Know About Predictive Procurement
The vast majority of Chief Procurement Officers (CPOs) believe in the power of procurement data to make better-informed decisions across their organization. In fact, they believe the potential of procurement data is so big, it could completely revolutionize the way...
Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement
Construction companies face a host of challenges in the post-COVID era. The workforce shortage reached half a million this year, and many sectors continue to grapple with increased lead times, and volatile material costs. In fact, 71% of all companies said the cost of...
Choosing the Best Tiered Automotive Suppliers with Predictive Procurement
Procurement is a critical part of any business, especially in the automotive industry. With ever-changing customer demands and supply chain disruptions, the last thing you need is a complex sourcing strategy that can lead to engaging the wrong suppliers. Auto...
The Potential of Predictive Procurement
Welcome to the 2020’s, the same decade that George Jetson from the cartoon “The Jetsons” was born. While we are still far off from a future with flying cars and home robots, many of the technologies predicted in the show – think flat screen televisions, video calls,...
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