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 […]
How Chat GPT Transforms Procurement … in its own words! Read More »
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/
How CHAT GPT can improve Sourcing and Supplier Management Read More »
Procurement is changing, advises Dooka South Africa. With the rise of technology and the increasing need for transparency in business, procurement must also adapt. In this blog post, the company explores four best practices that will help you optimise your procurement process and get the best deal, every time. Procurement is changing and you need
Best Practices to Get the Best Deal, Every Time Read More »
In this issue, SmartProcurementNews is pleased to share a recent report on the use of electronic government procurement (e-GP) systems in Africa – Fulfilling the Promise of eProcurement reform – Lessons from 5 African Countries – the lead authors of which are Edwin Muhumuza and Lindsey Marchessault from Uganda-based Open Contracting Partnership. Public procurement —
Lessons from Africa on e-procurement reform Read More »
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
AI at the Centre of the Great Supply Chain Disruption Read More »
Now that we’re fully into 2023, the procurement and supply chain operating model will continue to evolve, writes Costas Xyloyiannis, CEO of HICX and contributor to Supply Chain Brain. Despite sustained uncertainty in the business landscape, consumers still need goods and services. And manufacturers still need to meet demand. Read more here.
Three Procurement Technology Evolutions for 2023 Read More »
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
What P2P Will Look Like in the Future Read More »
Throughout 2022, Chief Procurement Officer at Coupa in Vancouver, Michael Van Keulen, says he was fortunate enough to meet many procurement leaders, customers, and partners around the globe. Reflecting on this crazy year, he speaks here of many challenges, from the war in the Ukraine to macroeconomic challenges, that required procurement professionals to work more
Global CPO reflects on 2022 and 2023 Read More »
You’ve implemented a digital solution, but you’re not seeing the value you expected. Why? There are a number of possible reasons, elaborated on here by Dooka South Africa, to ensure you’re getting bang for your buck. In a world where data drives decision-making and the speed of business is accelerating, it’s no surprise that procurement
Desperately seeking value in digital procurement? Read More »
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.
Supply Chain Peak Performance: HI vs AI Read More »
