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...
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...
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,...
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...
Food and beverage producers have undergone sweeping changes over the past several decades. Technology innovations have been massive, changing how food is grown, processed, and purchased. There have also been widespread and dramatic changes in how companies work with...
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...
Procurement in the automotive industry is complex. The number of parts in a modern car varies. But on average, there are 30,000 parts if you count everything from the nuts and bolts to the engine. Sourcing all these parts is integral to the automotive industry but...
Business relationships only work when all parties benefit. Predictive Procurement is crucial to solving a wide range of complex supply chain problems efficiently and effectively. Procurement teams that successfully align with their key suppliers have seen improved...
The world—and the workplace—is evolving rapidly, and with change comes shake-ups within procurement and beyond. One of the shifts we’re seeing is the Great Resignation. It’s transforming the workplace (and isn’t going anywhere anytime soon). Since this trend of...
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...
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...
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,...
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...
Food and beverage producers have undergone sweeping changes over the past several decades. Technology innovations have been massive, changing how food is grown, processed, and purchased. There have also been widespread and dramatic changes in how companies work with...
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...
Procurement in the automotive industry is complex. The number of parts in a modern car varies. But on average, there are 30,000 parts if you count everything from the nuts and bolts to the engine. Sourcing all these parts is integral to the automotive industry but...
Business relationships only work when all parties benefit. Predictive Procurement is crucial to solving a wide range of complex supply chain problems efficiently and effectively. Procurement teams that successfully align with their key suppliers have seen improved...
The world—and the workplace—is evolving rapidly, and with change comes shake-ups within procurement and beyond. One of the shifts we’re seeing is the Great Resignation. It’s transforming the workplace (and isn’t going anywhere anytime soon). Since this trend of...