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AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

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Understanding the Total Economic Impact™ (TEI) of Ivalua

ivalua

As Procurement teams are tasked to do more with less in an increasingly complex and uncertain market, digitization has become a must. Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. Payback in under 6 months.

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SAP Tells their Customers, ‘Keep the Core Clean!”

Logistics Viewpoints

The German software colossus has 300 million users who rely on its software. Maintenance on ECC will end in 2027. Historically, ERP vendors offering public cloud solutions pointed to two key advantages of multitenant offering. SAP also sells a public cloud solution called GROW. They are a first-time adopter of SAP.

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Selling Into the EU? Time to Start Preparing for the Digital Product Passport

Supply Chain Brain

The regulation is designed to provide European consumers with extensive data about the provenance of the items they purchase, all the way back to the sourcing of raw materials. Under the category of finished goods, the first industry to be affected is textiles and apparel, with the DPP requirement to be adopted in 2027.

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6 Customer Service Examples To Maximize Customer Loyalty

ToolsGroup

In fact, the global skincare and cosmetics market is expected to reach US$89,550 million by the end of 2027. Comprehensive employee scheduling software can go a long way if you’d like to emulate their methods for predictive maintenance. assortment planning software ?. Discover the benefits of retail pricing software ?.

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Why Agile Procurement is Essential for CPOs in 2020

Jaggaer

His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. However, he finds hope in how procurement has adjusted in the recent past.

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Get Transparency in the Supply Chain to Comply with Sustainability Regulations – Part 1: What’s Needed?

Jaggaer

Watch our on-demand webinar to discover how procurement can lead the way in ESG and decarbonization, and learn from experts about driving sustainability transformation across your supply chain. Explore how JAGGAER helps procurement teams stay ahead of regulatory pressure with end-to-end transparency. What is procurements role in CSRD?