Understanding the Just in Time (JIT) Supply Chain Strategy In today's fast-paced business environment, companies are constantly seeking ways to streamline their operations, reduce costs, and enhance efficiency. One method that has gained popularity in recent years is...
For the oil and gas industry, the last few years have been anything but easy. Although the market has largely rebounded from the COVID crisis and all that went along with it, the industry remains in flux with a decrease in demand due to a number of factors such as...
Discover how autonomous sourcing revolutionizes procurement strategies, streamlining processes and maximizing efficiency for businesses of all sizes. In today's fast-paced business landscape, the role of procurement teams in sourcing goods and services is critical to...
Unravel the mystery of procurement acronyms with this comprehensive guide to RFI, RFQ, and RFP. Take your procurement knowledge to the next level! Procurement requests are a critical component of strategic sourcing and purchasing initiatives for businesses....
More than 50% of all organizations have automated their procurement processes, and about 35% use AI for procurement, up 29% from 2020. This industry-disrupting shift allows procurement teams to make better buying decisions, run more events, and reach more addressable...
Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality. But in 2024, the role has never been more important. After years of focusing on cost...
As firms continue to leverage technology to carry out sourcing and procurement tasks, market demand for procurement is growing. The global procurement market was valued at $6.15 billion in 2022, and it’s expected to grow 11.1% from 2023 to 2030. Procurement managers...
The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor...
The holidays are here, meaning people all around the globe are attending festive parties, baking tasty treats, and — of course — shopping for gifts. It’s a time that can be both exciting and stressful for retailers, especially when many procurement teams face supply...
Understanding the Just in Time (JIT) Supply Chain Strategy In today's fast-paced business environment, companies are constantly seeking ways to streamline their operations, reduce costs, and enhance efficiency. One method that has gained popularity in recent years is...
For the oil and gas industry, the last few years have been anything but easy. Although the market has largely rebounded from the COVID crisis and all that went along with it, the industry remains in flux with a decrease in demand due to a number of factors such as...
Discover how autonomous sourcing revolutionizes procurement strategies, streamlining processes and maximizing efficiency for businesses of all sizes. In today's fast-paced business landscape, the role of procurement teams in sourcing goods and services is critical to...
Unravel the mystery of procurement acronyms with this comprehensive guide to RFI, RFQ, and RFP. Take your procurement knowledge to the next level! Procurement requests are a critical component of strategic sourcing and purchasing initiatives for businesses....
More than 50% of all organizations have automated their procurement processes, and about 35% use AI for procurement, up 29% from 2020. This industry-disrupting shift allows procurement teams to make better buying decisions, run more events, and reach more addressable...
Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality. But in 2024, the role has never been more important. After years of focusing on cost...
As firms continue to leverage technology to carry out sourcing and procurement tasks, market demand for procurement is growing. The global procurement market was valued at $6.15 billion in 2022, and it’s expected to grow 11.1% from 2023 to 2030. Procurement managers...
The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor...
The holidays are here, meaning people all around the globe are attending festive parties, baking tasty treats, and — of course — shopping for gifts. It’s a time that can be both exciting and stressful for retailers, especially when many procurement teams face supply...