As part of risk management, procurement practitioners are now required to have a deeper understanding of the capabilities of ...

A majority of C-suite executives fail to recognize the pivotal role that procurement can play in effective risk management. While risk can take on many forms, in the world of procurement, there are a ...

According to Deloitte’s 2023 Global Chief Procurement Officer survey, AI-enabled supplier management is the biggest focus for procurement functions. This involves using natural language ...

An AI-powered intelligent category management (ICM) solution addresses the challenges category managers have traditionally ...

For example, Accenture built an n-tier supply chain navigator that helps procurement managers analyze supply network vulnerabilities in real-time and another generative AI solution delivering ...

Procurement risk management is intended to anticipate risks and safeguard businesses from any problems that can arise during the procurement process. Each purchase brings with it a set of critical ...

G42, the Abu Dhabi-based global technology group, has announced the release and implementation of a new cutting-edge ...

Zip, the world’s leading procurement orchestration platform processing over $100 billion in business spend, today announced Zip for Risk Orchestration, a new ...

Feature by Gordon DonovanThe 2024 Economist Impact report highlights the strategic importance of procurement in managing risk and driving sustainability. As previously reported, procurement is gaining ...

“AI in procurement thrives on high-quality, structured, well-governed data,” Nair says. “Smarter data management ensures that AI models can generate accurate insights, automate decision ...