Manufacturers Share Their Seriously Scare Stories
These are not your typical campfire horror stories.
Full Story: Industry Week
Procurement has a great future ahead of it, thanks to advancing procurement technology, the growth of AI, and a stronger, more strategic footing. However, the questions remains: Are businesses adequately prepared to enter this brave new world?
For many organizations, it's a case of Procurement in name, but Purchasing in mindset still. Legacy industries around the world are, in many ways, dominated by a more traditional mindset when it comes to Procurement. If you work in an organization with this mindset, what steps can you take to precipitate change?
Full story: Procurious
Al's mapping and inventory management increase visibility that can improve efficiency and may help reduce the 50% of total product costs that supply chains often account for, says Konstantin von Bueren, co-founder of Procure Ai. AI also can reduce risk and offer ways to empower employees, von Bueren says, noting several other benefits.
Full story: Procurement