Brex explores the five types of procurement that organizations employ today and explains the advantages for specific business ...

What was once purely a cost-savings function is now a key strategic enabler—one that mitigates risk, plays a crucial role in building trust and goodwill with consumers through environmental ...

Enabling the Procurement Function to Assume a Strategic Role Through Automation. For many years, the role of the procurement department in creating competitive advantage was overlooked.

OPINION. By Kenneth Kawuki ; ; The evolution of the procurement function from a peripheral role to a more strategic one is helping unlock its full value in companies and organisations.

For both the public and private sectors, procurement should go beyond “three (3) quotes and a buy” to more strategic ...

LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement intelligence advisory firm, has announced the completion of their most recent whitepaper on the role of artificial intelligence in ...

Digital Transformation Changes Role Of Purchasing Organizations. ByPeter Bendor-Samuel. ... The function of “three bids and a buy” is to focus on the unit costs and ensure the company ...

Why Procurement and Supply Chain Functions Need to Converge. Disruptions like Covid-19, supply shortages, global trade barriers, high customer expectations, and inflation all add tremendous ...

Feature by Gordon Donovan The 2024 Economist Impact report highlights the strategic importance of procurement in managing risk and driving sustainability. As previously reported, procurement is ...