In this second article of a 3-part series, Marijn Overvest, founder of Netherlands-based company, Procurement Tactics, continues to unpack a wealth of advice for industry professionals to use in their planning for 2024. We pick up at Number 4 of 11 trends in procurement, predicted by experts for the coming year. Trend 4. Procurement forecasting […]
In this 3-part series, Marijn Overvest, founder of Netherlands-based company, Procurement Tactics, believes that in 2024, procurement will elevate business. In this article and over the next two issues of SmartProcurement News, he will take us through predictions and advice collected from procurement experts globally, to help professionals in the industry navigate the immediate future.
It is “imperative” that procurement is at the heart of AI adoption, the World Economic Forum (WEF) has warned in a report published earlier this year. Unpacking the report here, is reporter with Supply Management magazine at Haymarket Business Media, Will Phillips, MA. Procurement is a “key enabler” in the adoption of artificial intelligence, and
Artificial Intelligence (AI) in procurement is growing in popularity due to the advancements in technology, writes Karen Bonifacio, SEO Specialist/ Content Writer at Procurement Tactics, in Utrecht, Netherlands. In this article, she answers key questions: what is AI and how does it change the procurement industry? Artificial intelligence is integrated into every device that is
Risk is the focus of the 17th annual SmartProcurement World Indaba, South Africa’s largest, longest-standing event for procurement and inbound supply chain professionals, taking place from 11 to 14 September 2023 at Gallagher Convention Centre in Midrand, Gauteng. Announcing this year’s theme as “Do Risk Right!”, chief operating officer of organisers SmartProcurement , Debbie Tagg,
SmartProcurement asked Chat GPT (a Large Language Model (LLM) Artificial Intelligence that’s currently taking the world by storm) to tell us more about itself and what it can do for procurement professionals. The article that follows was written by Chat GPT in response to this question. Hey there! I’m Chat GPT, an advanced AI
In our first article, CHAT GPT made some bold claims regarding its ability to support and enhance procurement processes. In this short video, Bernie van Niekerk, Editor of SmartProcurement, delves deeper into Chat GPT capabilities and through a conversation with this AI, illustrates its amazing abilities to support procurement processes and professionals. https://commerce-edge.com/tools-tips/practical-examples-of-utilizing-chatgpt-in-the-procurement-process/
Technology has always had a significant impact on supply chains. In 2023, it is going to be more important than ever as the “Great Supply Chain Disruption” continues to challenge organisations around the world, according to SAPICS (The Professional Body for Supply Chain Management in Southern Africa). War, raw materials shortages, rising energy costs and
As businesses move further into the twenty-first century, the traditional procure-to-pay process will become increasingly outdated. In the coming decades, warns Dooka South Africa, companies will need to completely re-envision their procure-to-pay (P2P) process if they want to remain competitive. This article explores what the future of P2P will look like in 20 years, examining
While the world is geared to embrace Artificial Intelligence, the facts show that Human Intelligence is not about to become extinct. Far from it, says Cape Town-based Chantal Kading, Executive Coach and Leadership & Talent Strategist. The skills of the future are not about more technology and hard skills. These are empty without soft skills.