article thumbnail

When the dust settles, what can AI actually deliver in procurement?

Spend Matters

This might be for small use cases like replacing Google when we have a question or more advanced cases like supporting category managers in the buying process. We’ve embedded AI into strategic areas of procurement such as risk management, due to the sheer amount of value it can deliver.

article thumbnail

Zip Forward 2024: Forging paths to sustainable success

Spend Matters

TPRM is a huge opportunity right now, as document-centric approaches die when they reach the scale needed to perform supplier management (i.e., management of risk, compliance, performance, onboarding speed and supplier collaboration that respects/accommodiates supplier requirements) with fine-grained operating models.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Role of Loans in Scaling E-Commerce Supply Chains

SCMDOJO

The ways to find and buy items online with instant processing had changed the customers’ views on the whole chain. But convenience is not the only trait of a click-to-buy process. Balance getting capital with risk management and ensure that the loan benefits your e-commerce company.

article thumbnail

Types of Procurement Reports: Definition & Benefits

SCMDOJO

Compliance and Risk Management: Regulatory Compliance: Ensures suppliers adhere to relevant regulations and compliance standards. Risk Mitigation: Identifies and addresses potential risks associated with the supplier’s performance. Download Free Past Due Purchase Order (PO) Status Report 9.

article thumbnail

Procurement Terminology is a Mess!

Supply Chain Game Changer

Below I’d like to take a deeper dive into 3 particular processes in modern procurement, that are increasingly hot topics, but are causing confusion and ambiguity; especially considering they are processes that are becoming heavily impacted by emerging technology.

article thumbnail

5 steps for Procurement to impact on financial results

Claritum

The focus should be on automating the buying process from a user/departmental perspective. The user needs to focus on the specific details of any purchase: if procurement is involved, in a direct line in the process, this will be a very inefficient purchase process. Risk management and governance.

article thumbnail

Procurement Terminology is a Mess!

Supply Chain Game Changer

Below I’d like to take a deeper dive into 3 particular processes in modern procurement, that are increasingly hot topics, but are causing confusion and ambiguity; especially considering they are processes that are becoming heavily impacted by emerging technology.