With 2023 well underway, an uncertain economic landscape is prompting business leaders to carefully assess their budgets and reduce spend wherever possible. However, many businesses today lack ...

Hurricane Katrina changed the way Benny Smith buys energy. Until Hurricanes Katrina and Rita hit the Gulf Coast back-to-back two years ago, Smith, director of maintenance at the 116-unit Price Chopper ...

Procurement professionals are operating in a challenging environment, with risk a constant presence. A turbulent economic environment coupled with an uncertain geopolitical landscape means procurement ...

Editor’s note: Supply Chain Management Review is launching a series of new online features in 2024, including Procurement Pulse. Appearing online at scmr.com on the first Friday of each month, ...

Nearly every company is involved in some form of digital procurement transformation. But how many are actually seeing it pay off? According to research by Bain & Company, only 8% of global companies ...

What is procurement automation and why is it essential? Procurement automation is the use of technology to streamline the ...

According to Brett Fultz, director of global analytics, global procurement and supply chain at Coca-Cola, artificial intelligence (AI) and machine learning tools have become indispensable in order to ...

SEATTLE--(BUSINESS WIRE)--Amazon Business (NASDAQ: AMZN) today released its 2024 State of Procurement Report, revealing that a majority of procurement teams expect their budgets to rise next year, and ...

Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It fluctuates over time due to inflation, deflation and changes in income, directly ...

Editor’s note: Procurement Pulse is a monthly look at a topic or trend that is impacting the procurement function at organizations of all sizes. This month, we look at communication. If you are ...