Remove Procurement Remove Risk Remove Strategic buying
article thumbnail

Here is an example of a potentially great and unexpected procurement solution suite!

Procurement Insights

EDITOR’S NOTE: Chevron was IN NO WAY involved with the following assessment, although I think they will find it to be an interesting read because it leverages their known capabilities and aligns them with my prior research and discussions on procurement efficiency, Shared Services, and Hansens RAM principles.

article thumbnail

What if Your Supplier Had a Yelp Review?

Supply Chain Game Changer

The level of risk in these two investments are comparatively incomparable, but humor me here. We make buying decisions and investments on a daily basis, in our private lives, based upon a plethora of information, insights & data sources. Utilizing improvised solutions is still the norm in many procurement organizations.

article thumbnail

Mintec Versus Beroe: Are AI COG Savings Real And Sustainable Beyond Year One

Procurement Insights

In other words, like secret recipes and other competitive advantages, actual data-driven savings through more strategic buying decisions are a closely kept secret. It’s a lot of time and resources wasted, but also some potential big risks.” ” Savings of 5 -15% is quite a range.