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Blog
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,...