Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

Procurement and sourcing are cornerstones of any business operation, as they greatly influence the cost structures, quality of production, and overall profitability. They ensure a steady flow of the ...

Artificial intelligence is fundamentally changing how companies buy goods and services, transforming procurement from a back-office function into a strategic business driver. Where procurement teams ...

Stefan Pollack is president of The Pollack Group and an adjunct professor at the USC Annenberg School for Communication and Journalism. The request for proposal (RFP) process is designed to ensure ...

The Purchasing team has developed a newly redesigned on-demand training course aimed at streamlining the learning process for Rowdy Exchange users. Now live on MyTraining, the updated Rowdy Exchange ...

When you purchase a car, would you trust it if it hadn't gone through extensive crash safety testing? Of course not. The safety and reliability of the vehicle are paramount and knowing that it has ...

In practice, this can look like an AI-powered procurement platform automatically flagging when three different departments are buying similar software from three different vendors. AI can then suggest ...

This is an excerpt of the original article. It was written for the May-Jun 2024 edition of Supply Chain Management Review. The full article is available to current subscribers. In each issue I try to ...