Using AI to drive growth through savings

Yorick Plouvier Artificial Intelligence, Blog 0 Comments

Global spending on AI continues its trajectory of rapid growth as businesses increasingly recognise the value it brings and invest in projects that utilise their artificial intelligence capabilities. The International Data Corporation predicts that global AI spend will increase 50% per year, to over $50b by 2021, which shows the importance of implementing AI into business strategies globally. However, it’s not just about the AI tools …

Re-Engineering your Supply Chain for Tomorrow’s Retail

Gopal Iyer Blog, Retail 0 Comments

Supply chains – Not so many years ago  My early experiences with Supply Chain design and management mostly involved products flowing in one direction alone, from the supplier to the customer. The world was so logical with defined order plans beautifully transposed into supplier orders and deliveries. The products used to arrive on pallets, well stacked. There were some processing centres within the warehouses, …

Bank of England in partnership with 4C Associates honoured for outstanding achievement in procurement

Will Pawley Press Releases 0 Comments

Bank of England in partnership 4C associates have been awarded the GO Award for procurement leadership in recognition of the outstanding achievement in procurement The award cements Bank of England’s place as a market leader and 4C’s position as a leading procurement consultant Bank of England and 4C associates have been honoured as a winner entry in the UK National …

Making a Difference in Retail

Simon Latham Blog, Retail 0 Comments

The Co-op continues to go from strength to strength recording market share gains in a market where the German discounters are the only other ones boasting the same. The discounters success is (relatively) easily explained – they are the “Ronseal” of retail, providing a reasonable range of assorted affordable products day in day out – something that clearly resonates with …

Procurement and big data

Vincent Hauss Artificial Intelligence, Procurement 0 Comments

It comes as no surprise that the procurement function is using big data to drive digital change. According to a recent survey of over 650 leaders in procurement, supply chain and finance from Europe and North America, 72 percent of respondents stated big data and predictive analytics as one of the top five priorities for their organisations. These organisations are investing heavily in technologies that, beyond cost savings …

SRM

Does SRM bring a step change to procurement?

Milan Panchmatia Blog, SRM

Supplier Relationship Management (SRM) and innovation are two words frequently used in the same sentence. SRM has long been touted as the next step for many procurement departments looking to bring about a step change. The reason for this is simple. In many industries, suppliers are coming under increasing cost pressure and are simply unable to reduce costs alone. By …

If the UK withdraws from Europe, what will be the impact on UK procurement prices and practices?

If the UK withdraws from Europe, what will be the impact on UK procurement prices and practices?

admin Blog, Procurement 0 Comments

Referendum Since the Prime Minister’s announcement of his intention to hold a referendum on the future of the UK’s relationship with the European Union, questions around the impact of a possible change have seldom been far from the minds of businesses and the media alike. But what would the impact be on procurement? Although it is possible that the UK will continue …

Procurement innovation is still about people

Procurement innovation is still about people

admin Blog, Innovation, Procurement 0 Comments

Earlier this month we held a round table on procurement innovation with a number of leading CPOs. Most of the discussion was around the key trends of economics, sustainability and technology that we’ve written about here. However, in the discussion at the end we asked what were the key issues that all of these procurement heads were concerned about now? …