Tengo makes use of AI to search out, consider and reply to public tenders. It’s a software-as-service software that helps firms deal with public tenders at scale — a bit like Govly within the U.S. Initially created inside the startup studio Hexa, the startup has raised a €3 million funding spherical led by Level 9…
As all folks concerned in it’s going to let you know, doing procurement for your online business is a posh and difficult course of. Why is that this? Three typical considerations that all the time come up for companies doing procurement are – Discovering the Proper Suppliers: Similar to discovering the right pair of sneakers or…
It’s abundantly clear immediately that the procurement crew or perform of any enterprise must play a strategic position relatively than an operational position. Procurement groups delivering a strategic position report (2.4X) increased ROI than groups with out. On this article, we’ll delve into 5 key parts that the majority procurement methods would profit from. What’s…
Rework 2024 returns this July! Over 400 enterprise leaders will collect in San Francisco from July Sept. 11 to dive into the development of GenAI methods and interesting in thought-provoking discussions inside the group. Discover out how one can attend right here. A new whitepaper launched final week by the Electrical Energy Analysis Institute (EPRI)…
Attempt to think about the variety of elements that go into making a rocket engine. Now think about requesting and evaluating quotes for every of these elements, getting approvals to buy the half you finally do choose, and monitoring these elements till they arrive at your HQ. It’s precisely as advanced because it sounds –…
Automation has change into a cheat code in recent times, with every enterprise operate bettering effectivity and shifting away from guide, repetitive roles to extra strategic roles. Think about a world the place your procurement course of runs like a well-oiled machine—no extra delays, no extra errors, and no extra infinite paperwork. Sounds too good…
Procurement transformation includes evolving the procurement perform from performing primary administrative duties to changing into a strategic, value-adding exercise. This transformation focuses on three key components: adopting digital applied sciences, implementing revolutionary procurement methods, and reengineering procurement processes. On this weblog, we’ll discover how one can implement these modifications successfully, with a specific give attention…
