Procurement Magazine’s Post

Beroe LiVE.Ai contains all the tools procurement organisations need to be as informed as possible. “Ultimately, our goal is to help procurement minimise surprises and maximise margin. Those are the two vectors on which we measure the value we deliver,” says Vel Dhinagaravel, Founder and CEO, in interview. An insightful report - not to miss! Thanks to the team at Beroe Inc on this collaboration. #Procurement #Beroe #SupplyChain

🌍 Discover the Future of #Procurement: How Strategic #Sourcing and AI are Transforming Global Supply Chains. 🌱 ♻️ Our latest blog explores the importance of ethical and sustainable sourcing, and how Sorcara’s AI-driven solutions are paving the way for smarter, more efficient supply chain management. Dive into how our innovations are helping businesses stay ahead in a complex, competitive market.💡 👉 Read more here: https://lnkd.in/gKuyj8jp #SustainableSupplyChain #AIinProcurement #StrategicSourcing #GlobalSourcing #SupplyChainInnovation #EthicalSourcing #SmartProcurement #SorcaraAI #SeamlessSourcing #ProcurementInnovation

🚀 #ProcurementExpertSeries In our latest #ProcurementExpertSeries, we dive into insights from Synertrade CEO Olivier Berrouiguet, who compares AI’s transformative impact on procurement to the internet revolution, noting that "The expectations are going to rise big time.” He emphasizes that AI isn't just a plug-in solution but a transformative tool, demanding structured implementation and an understanding of process optimization to fully unlock its value. At Procure Ai, we’re paving the way for this shift. Our platform empowers CPOs and the procurement team to: ⚙️Real-time automation – Automating tasks like Autonomous Spot-Buy allows teams to focus on strategy over manual processes. 📊Data-driven decisions – Tools like AI-Powered Category Classification empower CPOs with insights for faster, smarter choices. 🤝Seamless collaboration – Solutions that improve supplier relationships and ensure compliance support resilient, agile procurement operations. At Procure Ai, we agree: AI isn’t a one-size-fits-all solution—it requires intentional integration to deliver results. Ready to elevate your procurement game? Let’s connect! 🌐 #ProcureAi #AugmentedProcurement #AIinProcurement #DigitalTransformation #ProcurementExcellence Source: https://lnkd.in/e3SbWjff

Discover the future of product sourcing with https://lnkd.in/duzwycsk Dragon Sourcing. Embrace modern tools and technologies to streamline your sourcing process, enhance efficiency, and stay ahead of the competition. Explore our innovative solutions and revolutionize your product sourcing strategies for success in the digital age! #sourcing #sourcingagent #sourcingcompany #sourcingandprocurement #sourcingspecialist #sourcingstrategy #sourcingmanager #sourcingsolutions #zakupy #zaopatrzenie #procurement #supplychain #productsourcing #strategicsourcing #tools #technologies

🚀 #ProcurementExpertSeries In this edition, Procurement Magazine dives into top 10 digital procurement strategies that are driving success across industries. 🌐✨ Here are 3 game-changing strategies you can’t afford to miss: 📊Data Analytics and Spend Management : Use advanced analytics to optimize spending, strengthen supplier relationships, and uncover cost-saving opportunities. It’s all about maximizing value and driving continuous improvement. 🤖Automation and AI: Streamline operations with automation and AI. Reduce repetitive tasks, minimize errors, and focus on what truly matters—strategic planning and innovation. 🔄 Continuous Improvement and Digital Transformation: Embrace digital technologies and foster a culture of continuous improvement. Streamline processes, enhance efficiency, and stay agile to adapt to market changes, ensuring long-term growth. At Procure Ai, we’re leading this transformation by integrating AI, analytics, and automation into a powerful platform that turns procurement into a strategic advantage. Let’s build the future of procurement together! 🚀 #ProcureAi #Procurement #AugmentedProcurement #DigitalTransformation #AI #Analytics #SupplyChain #Automation #Innovation #ProcurementExpertSeries Source: https://lnkd.in/eh94B6jM

🚀 #ProcurementExpertSeries Continuing our Expert Series, let’s dive into the insights shared by Ken Bradley, Chief Strategy Officer at Lytica, on how vital it is that your technology is strong enough to maximize procurement efforts. Ken Bradley highlights the importance of choosing the right areas for automation: "You should be looking for areas in your process where automation and consolidation can help you get data faster, analyze it faster, and make sure it’s cleaner." At Procure Ai, our platform is designed to do exactly that—identify the key points in your procurement processes where automation and AI can streamline operations, deliver cleaner data, and provide real-time insights. By automating the right tasks, we ensure you're making smarter decisions based on accurate, consolidated data, all while freeing up your team for higher-value activities. How are you maximizing your procurement efforts? Join the conversation in the comments! 👇 #ProcureAi #ProcurementExpertSeries #AI #Automation #DataAnalytics #Efficiency #SupplyChain #StrategicProcurement Source: https://lnkd.in/eh94B6jM

🚀 #ProcurementExpertSeries This week, we highlight Sunil Masand, SVP Product at Aavenir, who underscores how Generative AI is redefining Source-to-Pay (S2P) processes. As he insightfully observes: “Gen AI is transforming S2P processes and platforms by unlocking new levels of efficiency, accuracy, and strategic value for procurement and finance teams. It’s paving the way for agile, data-driven decision-making and redefining how organizations manage their procurement lifecycle.” At Procure Ai, we’re proud to be at the forefront of this transformation. Our Augmented Procurement Platform harnesses AI to revolutionize procurement by: 🔍 Real-Time Risk Management: mitigate risks dynamically with live data, ensuring compliance and resilience in volatile supply chains. 📊 Supplier 360° Analysis: centralize insights from diverse data sources, empowering better supplier decisions with real-time performance, risk, and compliance analytics. ⚙️ Autonomous Spot-Buy: automate tail-spend management with predictive analytics, reducing costs and optimizing terms without manual intervention. The synergy of AI and procurement isn’t just about streamlining processes—it’s about unlocking strategic value and fostering data-driven collaboration across teams. With our platform, CPOs and their teams can confidently navigate today’s complexities while shaping procurement's future. Ready to harness the power of AI for your procurement needs? Let’s connect! 🌟 Source: https://lnkd.in/ehqxah3S #ProcureAi #AugmentedProcurement #AIinProcurement #DigitalTransformation #Efficiency #StrategicValue #Innovation

This article from Supply Chain Magazine poses some amazing food for thought: how can we leverage technology to improve our business' functionality? #Procurement #Technology #Innovation #SupplyChainFuture

How businesses are addressing direct sourcing challenges amid supply chain disruptions and market volatility by using a source-to-pay procurement platform and leveraging technologies like Gen AI: 🔹 Current Challenges: Supply chain disruptions and market volatility drive the need for innovative direct-sourcing solutions. 🔹 Strategic Focus: Adopting a source-to-pay procurement platform becomes essential to improve visibility and enhance collaboration among stakeholders. 🔹 Gen AI Advantage: Leveraging Gen AI can streamline operations by refining supplier selection, facilitating onboarding, and managing contracts effectively. 🔹Adapting to Economic Uncertainty: As instability persists, businesses must rethink processes like direct material sourcing to reduce risks, support sustainability, and strengthen supply chains. 🔹Proactive Procurement: To address cost changes, demand shifts, and supply chain complexities, resilient and adaptable procurement strategies are crucial in today’s business landscape. This approach emphasises the role of innovative technologies in building resilient and future-proof sourcing operations. #Nirmalya_Intelligent_Procurement_Management assists organizations in achieving spending control by effectively managing vendor relationships, implementing automated purchase processes, and enhancing compliance while reducing costs through transparent purchasing procedures across the entire company. To learn more about how the #Nirmalya_Enterprise_Platform Suite can help streamline your sourcing process, please reach out to us today! #DirectSourcing #SupplyChainResilience #Procurement #GenAI #SupplierCollaboration #SupplyChainInnovation #RiskMitigation #SustainableSourcing #Nerp #Nirmalyalabs

🤯 Have you ever faced challenges like high MOQs, unreliable suppliers, or endless back-and-forth emails during product sourcing? You’re not alone. For many businesses, sourcing is one of the most time-consuming and frustrating parts of their operations. At Sorcara, we believe sourcing shouldn’t be a roadblock to growth. By leveraging AI, we’re transforming how businesses connect with reliable suppliers and streamline their procurement processes. ✨ In our latest blog, we explore ‘How AI is Redefining Global Sourcing: A Deep Dive into Sorcara’s Technology.’ Discover how technology can save you time, reduce costs, and make sourcing easier for businesses of all sizes. Have sourcing struggles slowed your business growth? 💁♀️ Share your experiences below, and let’s discuss how smarter solutions can help! 💁 Read the full blog here ⤵️ https://lnkd.in/gW2fNNVy