Procurement stories - Page 9

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.

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.

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.

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

Celonis is revolutionising business efficiency with innovative process mining, bridging data gaps to enable AI-driven optimisation across industries.

Knorr-Bremse has chosen JAGGAER's Source-to-Pay suite to enhance global supplier communications, aiming for greater efficiency and compliance.

Celonis has launched Networks, a feature designed to enhance process collaboration among businesses, improving supply chain efficiency and transparency.

ServiceNow and Rimini Street have teamed up to modernise ERP systems with an AI solution, promising cost-effective upgrades and enhanced innovation.

A new report reveals that procurement leaders in Australia and New Zealand increasingly recognise Environmental, Social, and Governance factors for strategic growth.

James Cook University has implemented OneAdvanced Purchasing to streamline and enhance procurement efficiency, realising over AUD $90,000 in savings within nine months.

ServiceNow debuts Now Platform Xanadu with hundreds of new AI features, promising enhanced productivity in IT, customer service, HR, and procurement.

Top AI startups, including Anyscale, Clarifai, Cohere, and SymphonyAI, are using Oracle NetSuite to streamline operations, reduce costs, and enhance business insights.

Oracle NetSuite launches SuiteProcurement, partnering with Amazon Business and Staples to streamline indirect procurement, offering cost-saving benefits.