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11 Cost Reduction Strategies in Procurement

Obobo

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.

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Balancing AI: Do good and avoid harm

IBM Services

.” Read the “Presidio AI Framework” paper to learn how to address generative AI risks with guardrails across the expanded AI life cycle As generative AI continues to go mainstream, organizations are excited about the potential to transform processes, reduce costs and increase business value.

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A guide to efficient Oracle implementation

IBM Services

ERP systems like Oracle’s streamline business processes and reduce costs, leveraging information to help organizations make better decisions in rapidly changing landscapes. The company serves 430,000 customers across 175 countries and offers solutions for thousands of use cases.

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What is Spend Analytics Software? – Definition

Obobo

Today, businesses of all sizes are looking for ways to get more out of their resources and reduce costs. It helps with budgeting and forecasting, vendor management , cost control, contract management, and much more. There are a variety of spend analytic solutions on the market, each with different features and functionality.

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What is Spend Analytics Software? – Definition

Obobo

Today, businesses of all sizes are looking for ways to get more out of their resources and reduce costs. It helps with budgeting and forecasting, vendor management, cost control, contract management, and much more. There are a variety of spend analytic solutions on the market, each with different features and functionality.

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The most important AI trends in 2024

IBM Services

2024 thus stands to be a pivotal year for the future of AI, as researchers and enterprises seek to establish how this evolutionary leap in technology can be most practically integrated into our everyday lives. Now that the dust has settled, the business community now has a more refined understanding of AI-powered solutions.

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What is Cognitive Procurement?

Obobo

In this blog post, we will explore what cognitive procurement is and how it can help businesses make smarter decisions when it comes to their supply chain needs. Cognitive procurement is the use of artificial intelligence (AI) and other cognitive technologies to automate and improve the procurement process.