AI is ready to transform procurement, but is procurement ready for AI?
Posted: 03/11/2020 - 01:35
Global
Do you trust your supplier data?
Posted: 03/09/2020 - 03:41
It is no secret that poor supplier data is the single largest barrier facing successful eProcurement transformation. Organizations in all industries, regardless of size, are susceptible to massive budget overruns or outright project failure without a well-thought-out data acquisition strategy.
Not convinced?
3 Essential Strategies for Trusted Supplier Relationships
Posted: 03/02/2020 - 22:19
I recently attended a conference hosted by a supplier that dedicated the entire day to customer feedback on the supplier’s technology offerings and overall services. While many sessions like this take place all over the world, specific nuances about this conference stood out to me.
Understanding the Data Security, Compliance and Customer Experience Trends Shaping Your Business in 2020
Posted: 03/02/2020 - 05:45
As businesses across all industries undergo digital transformation and adopt new, omnichannel strategies for engaging with customers, the enterprise contact center of today is continuously evolving and looks dramatically different than in the past.
Are Online Marketplaces Right for Printing and Marketing Services?
Posted: 02/28/2020 - 21:56
Recently, two publications addressed the growing importance of online marketplaces in the B2B corporate procurement landscape. Both publications examined the potential benefits of B2B online marketplaces while also acknowledging that these platforms still have significant limitations, particularly when it comes to supporting the procurement of complex needs like marketing, legal and other professional services.
Building Supplier and Sourcing Relationships
Posted: 02/26/2020 - 02:47
Imagine a scenario where a zealous sourcing manager at a Fortune 100 company is in negotiations with a new middle-market regional landscaping services provider. The negotiation is for a seven-figure annual landscaping and maintenance contract at their regional corporate park.
Look Before You Leap: How to Evaluate Your Outsourcing Options
Posted: 02/24/2020 - 03:00
Outsourcing can improve efficiency while increasing the capacity and resources available to your in-house staff. The choice to outsource core business processes, though, deserves careful consideration. A strategic approach to outsourcing can help your company:
- Eliminate chokepoints
- Fill skill gaps
- Improve process efficiency
- Save money
However, it’s not always obvious which responsibilities you can hand off without disrupting your business operations.
Digital Solutions Take Wing, Lifting Procurement to the Cloud
Posted: 02/17/2020 - 00:00
The most enduring innovations, whether in business or nature, transform entire ecosystems by simplifying tasks and redirecting labor toward more productive outcomes.
8 Use Cases and Applications that Prove RPA is Not Dead
Posted: 02/14/2020 - 05:39
A recent article in Horses for Sources generated a lot of turmoil by stating that “RPA is dead.” So, we thought it would be interesting and helpful to look at and discuss the current reality of robotic process automation.
How Artificial Intelligence Can Be Used in Your Supply Chain
Posted: 02/12/2020 - 04:33
Artificial Intelligence (AI) has now invaded how industries operate in more ways than we can count and know. It has developed into a welcome (and now necessary) addition to boost efficiency, sharpen forecasts and speed up certain processes. Any company that sells a product has a supply chain, which is the network of all the stakeholders involved in the creation and distribution of a certain product, and any supply chain can benefit from AI.
5G and Procurement: Ushering in a Revolutionary Change in Internet Connection
Posted: 02/10/2020 - 03:17
Advancements in new technologies always assure to crop up with proficiency gains, high throughput and lower costs. When it comes to such advancements, the job for procurement is to have a clear understanding about how they function, what they are and what exactly they will make over for the greater cause of the business.
The Risks of a "Hero" Culture
Posted: 02/07/2020 - 00:00
What is a hero at work?
At some point, most of us have worked for an organization steeped in a “hero” based culture. This culture can be found within a company dominated and ruled by employees that go the extra mile, and are dedicated, intelligent, knowledgeable and hard-working. Your classic hero is generally ambitious and at the top of their game.
The Future of Work: Refocus, Reskill and Redesign
Posted: 02/05/2020 - 00:00
The future of work will be defined by automation. With such transformative change, everyday workers may be skeptical about how it will affect them. However, what many fear-inducing headlines often don’t reveal is that automation creates plenty of opportunities.
What 100k Assessments Taught Us About Supply Chain Sustainability
Posted: 02/03/2020 - 00:00
At EcoVadis, we recently reached a major milestone on our road to improving sustainability and CSR performance across global supply chains — our 100,000th sustainability assessment. Since our first assessment in January 2008, we have collected data on more than 55,000 suppliers in 198 industries from 150 countries. Believe me, much has changed over the years.
As we look forward to our next 100,000 assessments, here is a look back at four things we’ve discovered.
Digital Challenges Around the Water Cooler: 5 Predictions for 2020
Posted: 01/31/2020 - 00:00
At the end of a dramatic year for technology providers big and small, Richard Grove from digital consultancy Caution Your Blast considers five issues, opportunities and developments that will dominate the start of this decade.
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