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The Future of Procurement and Sourcing: The Effects of Artificial Intelligence in the Industry

SIG Speaks

An article by Forbes titled “Smart Sourcing: AI Can Amplify CPO-Led Human Intelligence” noted the idea of ‘Smart Sourcing’ which starts with tackling a huge volume of relevant data associated with every individual purchase. In my experience in financial services, security, and privacy laws are being regulated more every year.

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Vendor Analysis: What Is It, Process, Types, and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. That’s why vendor analysis is essential to any successful procurement process – it helps ensure that companies procure from reliable suppliers at competitive prices while adhering to applicable regulations.

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Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It also gives organizations greater negotiating power because they know what services they need and how much they should pay for them. How to gain visibility and control of your indirect spend. Download Free Copy.