Revolutionizing RFPs: How Gen AI Redefined the Procurement Landscape
In today's fast-paced business landscape, the Request for Proposal (RFP) process stands as a cornerstone for organizations seeking to procure...
Procurement Transformation Archives - C1 India
Unlocking Efficiency of Product Lifecycle Management
According to the market research report by Fortune Business Insights, product life cycle management (PLM) market size stood at USD 16.76 Billion in...
Streamlining Business Operations with Source-to-Pay Solutions
According to McKinsey, most businesses lose up to 4% of their overall external spending due to high transaction costs, inefficiencies, and...
How Machine Learning can help in the Procurement process
According to a survey, businesses lose between 2 and 3% of their external spending on pointless transaction fees, noncompliance with regulations, and...
Machine Learning in Supply Chain Management
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...
Potential Obstacles to Effective Cognitive Procurement
The scope for development is massive when it comes to building an effective cognitive procurement system but there are various obstacles which can...
Cognitive Procurement: Impact on Businesses
Every business has different requirements. No two businesses can leverage the potential of cognitive procurement in a similar way. It’s the...
Cognitive Procurement
In today’s world, disruptive technologies are swiftly reshaping businesses to strategize based-on granular level insights, improve growth prospects...
Procurement Through Internet of Things(IoT): The Reinvention of Digital Ecosystem
In our last blog, we explored and learned about Robotic process automation and its applicability in the procurement process. Our today’s topic is...
RPA Reshaping Intelligent Procurement
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...
The Potential of Blockchain to Transform Procurement
In our last blog, we learned about Machine Learning and its integration with the procurement process. To further explore the upcoming advancements in...
AI ML:The New Age Market Intelligence Advisor for Cognitive Procurement
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...
The AI Impact on Procurement
Earlier we learned about Big-Data Analytics and its usage to detect unpredictable patterns, trends, and perform predictive analysis. Data mining...
Advanced technologies and their integration with procurement functions
Rapid innovations and technological advancements are reshaping the procurement industry and its functions. These market disruptive developments are...
Digital transformation of procurement is essential
The digitalization of procurement is ripe for growth. Embracing new technologies creates a supplier network, optimizes the framework, helps in...
Key Factors for Success
Digital procurement gives decision makers better discernibility, reduces risk, and boosts compliance—ultimately increases spend under management and...
Technologies accelerating the digitization of business processes
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
Digital procurement transformation is an indispensable approach to procurement process engineering that seeks to harness the full transformative power...
Achieving Digital Literacy
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...