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Blog
Supporting Procurement During a Recession: How You Can Prepare Your Team
Reading the news, it’s hard not to feel anxious about what seems like an impending recession from the daily headlines. In fact, “69% of Americans are worried about a possible recession by the end of 2023” (Bankrate). However, economists are reeling as unemployment is...
Streamline Automotive Purchasing Processes with AI
Automotive purchasing has been a hot topic in recent years. With the pandemic, global economy, and inflation shaking up the industry, reliable suppliers have become a major issue for companies involved in heavy industry procurement. Luckily, Artificial Intelligence...
Procurement in the Chemical Industry: The Future Is Predictive
Few industries are as massive and complex as the nearly $5 trillion chemical manufacturing industry. Globally, it plays a vital role in the economy, employing around 20 million people. Chemical manufacturers turn an array of raw materials—gas, minerals, metals, and...
4 Predictions on Procurement’s Top Trends in 2023
A new year offers an opportunity to reflect on the past, learn from it, and prepare for the future. Of course, old problems don’t suddenly disappear because one year ends and a new one begins. But hopefully, we can incorporate what we’ve learned into our day-to-day,...
Predictive Procurement: Overcoming Challenges in Health and Pharma
This blog was refreshed on October 17, 2023. Procurement professionals of all types face a challenging and dynamic work environment. But those in the health and pharmaceutical industries grapple with an array of formidable challenges, exacerbated by the demands of the...
6 Steps to Become Your Customer’s Supplier of Choice
There is no debate regarding how critical the supplier-client relationship is within the procurement industry. And while much has been written about how procurement can improve relationships with suppliers—especially with the current supplier-centric economy—far less...