Evolving Roles in Procurement: From Tactical Buyers to Strategic Advisors

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In recent years, the role of procurement professionals has undergone a significant transformation. No longer confined to the back office, today’s procurement specialists are at the forefront of strategic decision-making within their organizations.  This shift from tactical buyers to strategic advisors marks a pivotal evolution, one that is reshaping how businesses approach procurement and supply […]

How to Navigate the Complex Landscape of Global IT Procurement

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As organizations extend their reach across international borders, the complexity of procuring IT resources also multiplies. A complexity that extends to navigating a web of legal frameworks, diverse supplier’s infrastructures, cultural variations, and economic conditions that vary from one country to another. And that’s without mentioning the challenges of managing costs and ensuring timely delivery […]

Mastering Procurement Data: Benefits of Training Your Team in Analytics and Taxonomies

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Earlier this year we published on this blog the first article of our Mastering Procurement Data series, where we share the process to achieve complete excellence in your procurement function. The first article of the series entitled “Mastering Procurement Data – The Power of a Unified Source of Record” talked about the importance of creating […]

Mastering Procurement Data: The Power of a Unified Source of Record

The role of a Procurement Director is fraught with challenges. According to research conducted by the job search platform Zippia[1], Procurement Directors maintain their positions for an average of only 1 to 2 years, with over 60% leaving before reaching their fourth year. This high turnover rate clearly shows the significant challenges inherent in the […]

Cognitive Procurement – Leveraging Machine Learning for Smarter Purchasing

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I think it’s safe to say that digital transformation made substantial changes to how we approach procurement. Procurement is no longer just about cost savings and supply chain efficiency; it’s about strategic value and data-driven decision-making. Cognitive procurement, at the intersection of AI and procurement, is reshaping the way businesses approach their purchasing processes, moving […]

Why Vendor Management is Essential for IT Cost Savings

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The rapid advancements in the Information Technology (IT) sector have brought forth a myriad of solutions that organizations can leverage. However, managing costs effectively remains a tough challenge to beat.   In this environment, effective Vendor Management emerges as an indispensable tool for ensuring significant IT cost savings. This article illuminates the vital role Vendor […]

Building a Culture of Continuous Improvement in IT

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In the dynamic realm of Information Technology (IT), stagnation is not an option. The IT landscape is perpetually evolving, driven by relentless innovation and rapid technological advancements.   To maintain a competitive edge, organizations are recognizing the necessity of instilling a culture of continuous improvement—a commitment to perpetually assess, iterate, and enhance their IT processes, […]

Predictive Analytics in IT: Forecasting Future Costs & Needs

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One of the critical tools empowering organizations to anticipate future challenges and opportunities is predictive analytics. This advanced analytical technique uses historical data, statistical algorithms, and machine learning to identify the likelihood of future outcomes, providing IT departments with a telescopic view into their operational future, particularly concerning costs and resource requirements. And, let’s be […]

TMS

TMS is an AI company that creates cost savings from Telecom expenses.

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