In an ever-evolving global market, procurement has become more than just purchasing goods and services—it's about strategic partnership, risk...

In the dynamic landscape of modern business, agility and adaptability are paramount. As companies strive to thrive and remain competitive, ensuring a...

In today's fast-paced business landscape, the Request for Proposal (RFP) process stands as a cornerstone for organizations seeking to procure...

According to the market research report by Fortune Business Insights, product life cycle management (PLM) market size stood at USD 16.76 Billion in...

According to McKinsey, most businesses lose up to 4% of their overall external spending due to high transaction costs, inefficiencies, and...

According to a survey, businesses lose between 2 and 3% of their external spending on pointless transaction fees, noncompliance with regulations, and...

Machine learning will be used for the supply chain management for procurement solutions to manage the entire business to ensure to supply of a product...

The scope for development is massive when it comes to building an effective cognitive procurement system but there are various obstacles which can...

Every business has different requirements. No two businesses can leverage the potential of cognitive procurement in a similar way. It’s the...

In today’s world, disruptive technologies are swiftly reshaping businesses to strategize based-on granular level insights, improve growth prospects...

In our last blog, we explored and learned about Robotic process automation and its applicability in the procurement process. Our today’s topic is...

In our previous blog, we explored blockchain and how it can transform the procurement industry. Today, we will explore about one of the most actively...

In our last blog, we learned about Machine Learning and its integration with the procurement process. To further explore the upcoming advancements in...

ML and AI’s usage differ from one another when it comes to procurement and both are at different stages of development. Machine learning is a part...

Earlier we learned about Big-Data Analytics and its usage to detect unpredictable patterns, trends, and perform predictive analysis. Data mining...

Rapid innovations and technological advancements are reshaping the procurement industry and its functions. These market disruptive developments are...

The digitalization of procurement is ripe for growth. Embracing new technologies creates a supplier network, optimizes the framework, helps in...

Digital procurement gives decision makers better discernibility, reduces risk, and boosts compliance—ultimately increases spend under management and...

Digital transformation is a buzz word on everyone’s lips these days, and it is closely associated with words like block chain, internet of things,...

Digital procurement transformation is an indispensable approach to procurement process engineering that seeks to harness the full transformative power...

India’s Internet users base has reached 354 million, registering 17% growth in first 6 months of 2015. This increase in the number of internet users...