Enterprise companies can leverage AI in Procurement to quickly connect their spend and contract data to surface opportunities for demand aggregation. With increasing labor rates and the rising cost of fuel, freight and raw materials, finding opportunities to reduce spend is becoming more difficult by the day. Aggregating the spend for each supplier under one … Read MoreRead More
When it comes to re-negotiating your supplier contracts, timing, and the right data, is everything. This is where using AI in Procurement comes in handy. With AI, Enterprises can quickly gain the information they need to avoid unwanted renewals and strengthen their negotiating position to get the best deals. For a suspense novel or a … Read MoreRead More
About five years ago, during the golden age of Big Data, I was an executive at two real estate technology companies Market Leader & Trulia. All the information we needed existed within the walls of the company, but accessing and analyzing that data was another matter. There were too many enterprise systems, and too few … Read MoreRead More
Could your team use another hand or a few extra hours in the day? It’s easy to feel understaffed in procurement, but maybe more help isn’t the answer: the Hackett Group found that world class procurement departments have 27% fewer employees. Using Time More Wisely Smaller teams and better results? Perhaps they’ve managed to escape … Read MoreRead More
Every sourcing team has limited bandwidth, and a Chief Procurement Officer’s work is never done. So it’s worth examining what is NOT required of the job. As procurement’s role becomes more strategic and AI tools enter the daily life of sourcing professionals, avoiding the wrong activities can be just as important as doing the right … Read MoreRead More
Why Procurement’s Future is in the Long Tail There may be no better example of the 80/20 rule than company expenses. List a firm’s vendors and the amount spent with each, sorted from largest to smallest, and there’s a good chance that the top 20% of vendors will represent at least 80% of the expenses. … Read MoreRead More
AI vs. Spend Analytics: An Honest Comparison If the difference between Spend Analytics and Artificial Intelligence (AI) in procurement is less than crystal clear in your mind, you are not alone. It’s almost as though whoever created these categories followed a recipe for confusion: Start with the name of a common activity Tweak that name … Read MoreRead More
AI in Procurement: What you Need to Know Now These are exciting days in Procurement. Among us is a star that glitters, generates buzz, and steals headlines. Like many celebrities it is instantly recognized by just two initials—AI—but goes by other names including machine learning (ML), robotic process automation (RPA), and cognitive procurement. By any … Read MoreRead More
1/17 – Suplari Discover | San Francisco, CA
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