Procurement stories

The London School of Economics has partnered with Globality to enhance procurement efficiency using AI technology amid budget pressures in higher education.

Worley partners with Dell Technologies to launch an AI Factory, aiming to revolutionise project delivery and enhance innovation within sustainable energy.

Oklahoma has saved over USD $10 million in its first year using the Celonis Process Intelligence platform, significantly improving state operations and taxpayer fund management.

As we celebrate International Women's Day, procurement emerges as a strategic career path for women, offering innovative roles and significant growth potential.

Globality has enhanced its Glo AI Agent, introducing advanced pricing analysis tools aimed at helping Global 2000 firms optimise decision-making and reduce costs.

The rise of artificial intelligence is reshaping procurement and cybersecurity, as firms look to harness its potential while safeguarding critical data.

A recent Gartner survey reveals CFOs are broadening their roles, now heavily involved in data analytics, risk management, and AI strategies, enhancing enterprise profitability.

Oracle has unveiled new AI agents within its Fusion Cloud Supply Chain & Manufacturing suite, aimed at automating workflows and boosting efficiency.

Vertice has secured $50 million in Series C funding, boosting its total to over $100 million, aimed at enhancing global procurement processes.

Australian businesses are increasingly keen to integrate Environmental, Social, and Governance (ESG) practices into procurement, yet face implementation challenges.

Middlebank Consulting Group and SimPPLY have formed a partnership to enhance supply chain visibility, aiming to cut third-party costs by up to 15%.

FourKites has launched its Intelligent Control Tower, leveraging real-time data and AI to transform supply chain management and enhance operational efficiency.

Verizon and Honeywell have unveiled a strategic partnership to deliver a bundled technology solution, enhancing efficiency for retail and logistics firms.

As inflation and uncertainty strain budgets, businesses are turning to Zero-Based Everything, a strategy promising savings of 10-25% and up to 50% in procurement.

A Gartner survey reveals that 72% of procurement leaders are prioritising GenAI integration, marking a pivotal shift towards strategic decision-making.

ResetData has strengthened its leadership team with four new appointments in Sydney and Melbourne to advance its national rollout of CBD AI factory data centres.

Procurement departments are increasingly integrating ESG factors into supplier selection, with 66% of leaders seeing it as crucial for future strategies.

Exponential-e has been named a supplier on the Crown Commercial Service's G-Cloud 14 Framework, offering 48 cloud-based services to the public sector.

Only 25% of UK firms have embraced circular economy practices, risking higher costs and lower competitiveness amid sustainability challenges, research reveals.

Celonis has launched a new Sustainability Layer, empowering companies to measure and improve their sustainability efforts while enhancing business performance.