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Blog
Driving Cost Savings & Efficiency with Predictive Procurement Orchestration for Automotive
The ripple effects of the COVID-19 pandemic are still rearing their ugly head in the automotive industry. Plant shutdowns, production disruptions, supply shortages, and demand surges wreaked havoc on the automotive world in 2020. And unfortunately, many of those same...
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 Orchestration
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...