Category: Procurement

As suppliers embrace AI to streamline negotiations, many procurement teams are falling behind, slowed by data concerns, budget limits, and organizational inertia. Fairmarkit’s 2025 Index

Procurement has poured billions into cloud sourcing suites, touchless P2P, and AI-assisted negotiation tools. Yet value still leaks at the seams, specifically, where those high-functioning

In recent years, procurement teams have rapidly automated procure-to-pay (P2P) workflows, from requisition to invoice, under the banner of efficiency. Touchless processing, catalog buying, and

Data moves through businesses much like physical goods, collected, stored, processed, and distributed. Yet while supply chains for materials are tightly mapped, data pipelines often

Artificial intelligence has already pushed well beyond experiment status in procurement. Companies are now moving from generative AI experiments to early-stage deployments of agentic AI,

Procurement teams have long managed inventory risk through delivery schedules, buffer stock policies, and volume forecasts. But as demand softens and suppliers face rising capital

U.S. container imports dropped 9.7% in May to 2.18 million TEUs, the steepest monthly decline since the pandemic, according to Descartes Datamyne. The fall follows

As companies diversify sourcing across the U.S., Mexico, and Asia, many are encountering fragmented order volumes that undermine scale efficiencies. While nearshoring improves resilience and

RH’s Q1 2025 earnings reveal how the luxury home retailer is adapting its supply chain to thrive amid global uncertainty. Through strategic sourcing, flexible real

Fast fashion giant Shein is ramping up local production in India through its partnership with Reliance Retail, aiming to build a major export-oriented manufacturing base