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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In this issue, SmartProcurementNews is pleased to share a recent report on the use of electronic government procurement (e-GP) systems in Africa – Fulfilling the Promise of eProcurement reform – Lessons from 5 African Countries – the lead authors of which are Edwin Muhumuza and Lindsey Marchessault from Uganda-based Open Contracting Partnership. Public procurement — …
Throughout 2022, Chief Procurement Officer at Coupa in Vancouver, Michael Van Keulen, says he was fortunate enough to meet many procurement leaders, customers, and partners around the globe. Reflecting on this crazy year, he speaks here of many challenges, from the war in the Ukraine to macroeconomic challenges, that required procurement professionals to work more …
You’ve implemented a digital solution, but you’re not seeing the value you expected. Why? There are a number of possible reasons, elaborated on here by Dooka South Africa, to ensure you’re getting bang for your buck. In a world where data drives decision-making and the speed of business is accelerating, it’s no surprise that procurement …
Desperately seeking value in digital procurement? Read More »
