5 Most Common Procurement Mistakes & Ways to Avoid Them

5 Most Common Procurement Mistakes & Ways to Avoid Them

Common procurement mistakes can quickly escalate into procurement nightmares. Operating with an ineffective system will result in too many joint procurement and purchase issues. Fortunately, the most typical procurement mistakes have clear and simple fixes. We’ve listed five of those procurement mistakes in this article and shown you how to avoid them. Photo by Kenny […]

AI & Procurement Performance: The Connection

AI & Procurement Performance

Artificial intelligence is a proper performance driver that is already being employed in a variety of businesses and industries, but it still has a lot of room for growth. As we move forward, the potential for AI technologies is becoming clearer in procurement, and it is affecting every cycle from information processing to service quality. […]

Should I Be an Expert to Use a Cloud-Based Procurement Platform?

Procurement software

Whether you’re an entrepreneur, a CEO, or someone with a connection to the business world, you’ve probably heard of cloud-based procurement. Cloud-based procurement is the recent manifestation of e-commerce that allows businesses to streamline their operation cycle and automate their transactions. However, as shocking as it may appear, numerous businesses today still rely on manual […]

Data-Driven Procurement: What Is It and How Does It Work?

Data Driven Procurement

Every organization’s ultimate goal is to gain a bigger market share and achieve a healthier bottom line. Data is the goldmine of the 21st century and is the single most crucial free asset organizations possess in this age of never-ending market wars. Becoming a data-driven procurement organization means using internal and external supply chain data […]