It has been decades since the discipline of strategic sourcing transformed purchasing practices within most companies.

As leaders clamor for more resilient supply chains, CFOs need to support efforts by procurement groups to design and execute a modern approach to strategic sourcing.

Building A Tech Stack For Data-Driven Sourcing The reality is that the biggest firms in VC are staying ahead by investing a lot—some upward of $1 million annually—into in-house sourcing platforms.

By managing tasks without humans, autonomous sourcing reduces procurement costs while accelerating sourcing cycles. Beyond cost savings, autonomous sourcing delivers substantial benefits, including: ...

From January through May, import values and volumes moved in disparate directions. According to the latest apparel and textiles import data released by the International Trade Administration's ...

Coupa, the leader in AI-native total spend management, today announced it has acquired Croatia-based Cirtuo, an industry leader in AI-powered category management. This strategic investment ...

OpenAI has begun hiring for the core team that will help develop The Stargate Project, an up to $500 billion effort to build giant data centers across the US. The company is looking for a data center ...

The transformation journey is a multi-phase process that requires careful planning, a strategic approach to sourcing and a comprehensive understanding of the broader implications on all vendor ...

Category Management is a systematic method for organising procurement activities by grouping similar products or services into distinct categories. This allows organisations to focus on developing ...

Problem definition: Whereas firms are increasingly relying on sourcing globally as a key constituent of their supply chain strategy, there is no empirical evidence on whether investors of these firms ...

Autonomous sourcing platforms, driven by artificial intelligence, are achieving significant returns on investment, according to a new report by research firm HFS. Chief procurement officers report ...

Once an afterthought, the electronics category now demands the same strategic focus as more traditional procurement areas. How best to integrate electronics sourcing into your procurement strategy?