It is “imperative” that procurement is at the heart of AI adoption, the World Economic Forum (WEF) has warned in a report published earlier this year. Unpacking the report here, is reporter with Supply Management magazine at Haymarket Business Media, Will Phillips, MA. Procurement is a “key enabler” in the adoption of artificial intelligence, and …
Why procurement will be the ‘key enabler’ for AI adoption Read More »
In this 3-part series, Marijn Overvest, founder of Netherlands-based company, Procurement Tactics, believes that in 2024, procurement will elevate business. In this article and over the next two issues of SmartProcurement News, he will take us through predictions and advice collected from procurement experts globally, to help professionals in the industry navigate the immediate future. …
11 Procurement Trends For 2024 According to Experts Read More »
Artificial Intelligence (AI) in procurement is growing in popularity due to the advancements in technology, writes Karen Bonifacio, SEO Specialist/ Content Writer at Procurement Tactics, in Utrecht, Netherlands. In this article, she answers key questions: what is AI and how does it change the procurement industry? Artificial intelligence is integrated into every device that is …
Fostering innovation in the sourcing stage in Africa is essential for the continent’s economic development. Innovation can lead to new products and services, improved efficiency and increased productivity. It can also help to create jobs and boost economic growth. In this article, our Staff Writer discusses crucial considerations for less developed countries. Challenges There are …
Fostering innovation at the Sourcing Stage for Large Contracts Read More »
Despite the adoption of automation in supply chain management (SCM) to enhance efficiency and productivity, numerous businesses continue to receive and evaluate bids manually. In fact some companies still have a darkroom dedicated to storing old bid responses, says Director and Business Development Head at Wema Software Solutions in Pretoria, David Gitonga. The aspiration to …
Getting the Final Leg of SCM Automation Right – Bid Submission and Evaluation Read More »
The success or failure of a company in today’s competitive business climate often hinges on how quickly and accurately it can obtain bids. Businesses can benefit greatly from automating quote sourcing, reminds Director and Business Development Head at Wema Software Solutions in Pretoria, David Gitonga. In this article, he delves into the merits, features and …
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Risk is the focus of the 17th annual SmartProcurement World Indaba, South Africa’s largest, longest-standing event for procurement and inbound supply chain professionals, taking place from 11 to 14 September 2023 at Gallagher Convention Centre in Midrand, Gauteng. Announcing this year’s theme as “Do Risk Right!”, chief operating officer of organisers SmartProcurement , Debbie Tagg, …
Risk, ESG, AI, Public Sector Procurement On The Agenda Read More »
SmartProcurement asked Chat GPT (a Large Language Model (LLM) Artificial Intelligence that’s currently taking the world by storm) to tell us more about itself and what it can do for procurement professionals. The article that follows was written by Chat GPT in response to this question. Hey there! I’m Chat GPT, an advanced AI …
How Chat GPT Transforms Procurement … in its own words! Read More »
In our first article, CHAT GPT made some bold claims regarding its ability to support and enhance procurement processes. In this short video, Bernie van Niekerk, Editor of SmartProcurement, delves deeper into Chat GPT capabilities and through a conversation with this AI, illustrates its amazing abilities to support procurement processes and professionals. https://commerce-edge.com/tools-tips/practical-examples-of-utilizing-chatgpt-in-the-procurement-process/
