According to Gartner, cost savings, procurement talent, and supplier risk mitigation are some of the priorities that enterprises must address to fulfill their business goals amidst unprecedented ...
Eldar Tuvey, is CEO and cofounder of Vertice, a spend optimization platform that saves companies up to 25% on their SaaS and cloud costs. The turbulence of recent years has underscored the critical ...
Enterprise procurement has long been a high-stakes, high-friction function: every purchase request, vendor onboarding, contract review, approval workflow, and invoice ...
Suppliers, distributors, and healthcare providers each operate their own IT systems to manage supply chain processes. These separate systems hinder data sharing and reduce the likelihood of true ...
Why do traditional supply chain processes need blockchain? Traditional procurement and supply chain processes can be manual, scattered, inefficient and complex. The use of blockchain in procurement ...
Can strategic procurement be a catalyst of change in business? Two enterprise practitioners believe it can, and they have seen how enabling and embracing data-driven procurement with a strategic ...
Retaining talented staff is a never-ending challenge for every business, and the procurement function is no exception. Procurement professionals are highly sought-after, and likely to be targeted by ...
From Bottleneck to Breakthrough: Why Procurement Is the Utility Industry’s Critical Capacity Builder
With electricity demand projected to rise 25% by 2030 and 78% by 2050 from 2023 levels, utilities are facing a perfect storm—aging infrastructure, ...
Ongoing contract intelligence that helps procurement teams detect risk drift across active vendors SAN FRANCISCO, CA, ...
A recent report from the Association of Certified Fraud Examiners estimates that occupational fraud costs almost $200,000 per incident. Unmonitored supply chains, underlying inventory assets, a host ...
Bid protests against a procurement process often center around claims of bias that result in flawed selection decisions. For example, the Government Accountability Office (GAO) put out a report in ...
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