Recent statistics show that companies with existing supplier diversity programs report increased profitability – sometimes as high as a 133% return on procurement investments. The respected track...
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The Request for Proposal process is an integral component to modern day sourcing. However, the RFP framework was created over a century ago, limited by paper communication. Despite technological...
Just like running an employee background check, mitigating supplier risk requires proactive and intentional vetting. The same concept applies for even more complex, multi-tiered supply chains....
Though many organizations are aware of and will mitigate business risks, procurement as a risk control function is often overlooked. Specifically, SRM (Supplier Relationship Management) is a key...
In the global supply chain landscape, threats to cyber-security are increasing exponentially. Fortune 500 companies have had sensitive information leaked because hackers have targeted...
The recent pandemic brought massive change to virtually every industry and business process. Some of these impacts will be short lived, while others will have long-term implications. In this...
A lot has changed the last two years. Between the COVID pandemic, the rash of cyberattacks impacting virtually every company, geo-political changes and their ripple effects across industries,...
Recently the Sourcing Industry Group (SIG) and DATAMARK, Inc collaborated on a short survey to look at the evolving trends and market...
Artificial Intelligence (AI) AI in spend analysis, accounts payable, and source-to-pay applications, is growing rapidly across many organizational applications, and nowhere is this impact greater...