Global

Machine Learning 101 – How Machine Learning is Impacting Businesses

Posted: 08/02/2019 - 08:47
Author: Adam Cummins
How machine learning can impact, excel and innovate your business.
Artificial intelligence (AI) and Robotic Process Automation (RPA) are popular buzzwords today, yet the practical applications for and approaches to these concepts are often less understood and (in many cases) may still be on the horizon.  However, there is a technology-driven differentiator within this overarching category that has been in use across a number of industries for some time.  Machine learning is the means by which a program analyzes a number of data sources and, by using algorithms, “learns” from that analysis to predict likely scenarios or future end-state resul

Money talks: Making the Case for Sustainable Procurement Investments

Posted: 08/01/2019 - 00:04
Author: David McClintock
The business benefits and value derived from robust responsible procurement programs can be remarkable, such as driving uplift revenue by 5% to 20%, reducing supply chain costs by 9% to 16% and increasing brand value by 15% to 30%. Creating such programs requires investing in key internal areas, such as new tools, staff and strategies to reap the value that’s possible.  
 

Women in Global Sourcing: Susan Feiner

Posted: 07/30/2019 - 00:16
Author: Susan Feiner

Tell us about your career path. How did you get into this field? Was it purposeful or by accident?   

It was definitely by accident. I took an entry-level job out of college in the Administrative Services department at Thomas Cook Travelers Cheques.  It was a support role to the VP of Facilities and Purchasing.  During my interview, I asked him what I would do when I was finished buying?   Somehow, I still got the job and the rest is history.
 

Stop Faking Cultural Understanding: 5 Tips for Building Effective Relationships Overseas

Posted: 07/17/2019 - 07:11
Author: Albert Brenner
Business Relationships Overseas
As the world continues to shrink and the global supply chain grows, it’s not enough to invest minimally in your international relationships—it means truly understanding the people and culture you’re working with. These relationships can become a valuable asset to your business, giving you an advantage over competitors.  
 

What IT Procurement Professionals Must Know about Data Center Hardware Maintenance RFPs

Posted: 07/16/2019 - 03:59
Author: Mark Havens
“We all want this to be a success,” is a pretty common sentiment at the outset of a major RFP. When considering hardware for data center maintenance services, in many cases, the outcome can mean significant cost containment for the IT group and accolades all around for a job very well done. And let’s face it, it is not only a fiduciary duty to avoid over-paying a vendor (even the original equipment manufacturer) it can be flat-out galling to think that your company has been over-paying for YEARS. So, damn straight, you want this to be a success!

Cognitive Automation: The Next Panacea or Evil Job Bandit?

Posted: 07/16/2019 - 00:37
Author: Greg Council
While it’s impossible to predict exactly what the future holds as more enterprises and service providers adopt cognitive automation to improve many of their manual processes, reading the tea leaves—or better yet—looking at actual early use cases suggests it’s both: job thievery and, if not a panacea, some fairly drastic improvements in efficiency and quality results. 
 

Why Nearshoring and AI Go Hand-in-Hand

Posted: 07/11/2019 - 04:49
Author: Carlos Meléndez
There’s growing momentum for Artificial Intelligence (AI) across a variety of industries, ranging from financial services and healthcare to manufacturing and environmental initiatives. It’s no wonder, given the power of AI to find patterns in vast amounts of data faster than humans ever could and to predict outcomes and behaviors. 
 

Improve Contract Negotiations with Relationship Management

Posted: 07/10/2019 - 06:24
Author: Danny Ertel

In this episode of the Sourcing Industry Landscape, Dawn Tiura interviews Danny Ertel. Danny Ertel is a Founding Partner with Vantage Partners located in Boston, Massachusetts. He joins the podcast to explain how procurement and supply chain teams can do more for the organization by aligning with the businesses that they support instead of acting as the “procurement police” and focusing only on enforcing policies.

10 Ways to Find Savings Through Analytics

Posted: 07/09/2019 - 06:48
Author: Steve Harrison
Businesses need faster and more comprehensive spend management solutions, without the need for additional subject matter experts. To this end, our clients have benefited from improvements in insight and service delivery using 4C’s analytics platform 4Spend. Here are ten ways in which new savings can be found using analytics. 
 
1.) Categorisation and Benchmarking 
 

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