Chief procurement and financial officers (CPOs/CFOs) have a wealth of data they can use to optimize processes. Today, the average enterprise collects data from 400 different sources, and data growth ...

Rising geopolitical tensions, climate change and global commerce disruptions are making the jobs of chief procurement officers harder than ever. According to Deloitte’s 2023 Global CPO Survey, more ...

="margin-bottom:8px">In the current environment of business uncertainty, CFOs can be sure of one thing—cost savings will remain a critical focus. However, achieving sustainable cost reductions ...

Leverage data to prioritize asset replacements based on cost-effectiveness. Assess market conditions and economic factors before deciding on upgrades. Consider the positive impact of new trucks on ...

After transforming procurement systems once, companies are now re-examining them to stay ahead of new requirements, ISG Provider Lens™ report says STAMFORD, Conn.--(BUSINESS WIRE)-- Enterprises ...

Since 2020 and the arrival of the COVID-19 pandemic, we’ve all experienced how an unexpected event can have long-lasting impacts on operations worldwide. One of the biggest ongoing impacts of the ...

Reactivating the human element of procurement means giving teams time to focus on strategic value. This is where agentic AI ...

A key strategy in this area is implementing a robust corporate credit card policy that balances employee purchasing autonomy with organizational control. Corporate card programs excel at managing the ...

How can your company improve its supply chain by streamlining procurement through digitalization and automation? What steps are needed to get started? Most importantly, what’s the payoff? Driven by ...

Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...