Sat.Aug 17, 2024

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Master Procurement Contracts: Your Essential Small Business Playbook

Procurement Freelancers

For small businesses, managing procurement contracts can be a difficult task. Effective contract management for… The post Master Procurement Contracts: Your Essential Small Business Playbook first appeared on Procurement Blog | Procurement & Supply Chain News.

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GenAI for Procurement – Would you drive a Formula One car on a residential street?

Procurement Insights

EDITOR’S NOTE: Here are the links to the insightful responses from Dr. Tony Bridger and Claud Egli to yesterday’s post. My reply is below. Claude Egli , Dr Tony Bridger , excellent points. When it comes to procurement, why do we need GenAI? How would it improve on the results of Traditional AI, such as the case example I provided? Remember the comments from a recent post – this one in particular – [link] “Procurement Practitioner – Senior Executive On the AI topic,

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Say What?!?

Procurement Insights

A reader sent me the following article asking me for my thoughts on what it means. Here is my response. What does this August 12, 2024 headline mean to you? What does it tell you? For example, the tagline that over the next four years, “the procurement software market is expected to grow by $5.72 billion.” Gartner, McKinsey, and even the Harvard Business Review recently reported that 80% of all AI initiatives are failing.