How closed-loop accounting helps procurement deliver bottom-line savings
A solution has been proposed for a frustratingly familiar scenario in procurement: a successful effort to achieve major cost reductions on a new
Why CPOs must embrace new analytics tech
A McKinsey analysis published last week suggests that Chief Procurement Officers would do well to familiarise themselves with next-generation Artificial Intelligence tech to help manage the vast amounts of data erupting from the procurement process if they are to achieve their self-declared priority of organisational cost reduction.
De La Rue steps away from passport procurement challenge
The crucial importance of cost reduction in supply relationship management has been highlighted by the verdict this week by De La Rue not to challenge the decision to grant the new passport production contract to its European rival, Gemalto.
Using blockchain technology to validate supply chain
Albeit an unpleasant truth, the consumer market is filled with counterfeit products that customers have bought both knowingly and unknowingly. In fact, the problem has become so widespread that major online retailers like Amazon have sold products from knock-off...
Expert predicts AI-powered procurement analytics indispensable in 5 years
A supply chain management and procurement transformation specialist has suggested that nextgen procurement analytics will become indispensable to organisations to improve their supply chains within five years.
Dubious procurement procedures leave council guilty of maladministration
The dangers of inadequate procurement strategies has been highlighted by a Northern Ireland council, which has suffered reputational damage as a result of criticisms from the public services ombudsman that its sourcing of stewarding services amounted to “maladministration”.
