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Blog
Why Predictive Procurement is the Next Frontier in Cost Savings
In today’s fast-moving business world, procurement leaders face constant pressure to optimize costs while managing supply chain risks. But as technology reshapes the industry, it’s obvious that traditional procurement methods that rely on historical data, manual...
A Guide to Preparing for and Navigating the Impacts of New Tariffs
The Trump administration’s recent tariff threats against Canada, Mexico, and China are fueling fears of an international trade war. While China already faces tariffs, shifting policies on Canada and Mexico are creating uncertainty. Businesses, investors, and consumers...
How Oil & Gas Leaders Are Transforming Procurement With AI
The oil and gas industry has high stakes and high expectations. In this challenging landscape, a single disruption, market fluctuation, or unexpected delay can have multimillion-dollar consequences. The rise of cybersecurity threats, the war in Ukraine, and the global...
Tackling and Realizing Currency Volatility Opportunities: A Science-Driven Approach to Procurement Advantage
Currency volatility in procurement is all about the frequent ups and downs of exchange rates between a company’s local currency and that of an international supplier. These fluctuations can have a significant impact on the final cost of purchased goods, meaning what...
Trump’s Tariffs Are Here — What Procurement Leaders Need to Know
Big changes are hitting global trade, and procurement teams must act quickly to stay ahead. President Trump’s new tariffs — 25% on imports from Canada and Mexico and 10% on imports from China — are meant to bolster domestic industries and address national security...
The Power of Transparency: Driving Efficiency in Procurement Markets
Markets thrive on transparency — it's the driving force that keeps them fair, competitive, and efficient. When information is open and accessible, everyone wins. Businesses make smarter moves. Consumers make confident choices. Ultimately, the entire system operates...