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...

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...

New technologies in procurement are changing the equation by offering innovative prospects for businesses to forecast and respond more efficiently to...

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,...

Artificial Intelligence (AI) in procurement is transforming industries and becoming the most disruptive business trend. It has provided a more...