In the realms of supply chain and procurement, it has been well established that measuring supplier diversity is an incredibly important, and impactful, part of the process for any organization. According to Harvard Business Review, a diverse supplier is “a business that is at least 51% owned and operated by an individual or group that
How Procurement Professionals Can Measure Supplier Diversity Read More »
By this point, you’ve heard all about artificial intelligence. In more ways than one, it’s inescapable. Not only is it supposedly going to usher in a “new era” in procurement and beyond, but coverage and discussion of it is everywhere. A few times over the course of our lives, we will be around for something
Making Sense of the “New Era” of AI in Procurement Read More »
There is no secret that among procurement departments, no matter the industry—whether that be higher education, large corporations, more mid-size businesses, healthcare, non-profits, and more—staffing issues are a recurring problem. We have talked extensively about the issue in the past. And when staffing issues are present, “procurement burnout” becomes a serious matter. Procurement burnout There
“Hire Staff, Cut Corners, or Fall Behind”: Why There Can Be a Fourth Option Read More »
Artificial intelligence is not a new development. It has existed in infancy since the 1950s, and as a concept, well before that. Unless you had a career or particular interest in robotics, programming, or automation, its impact on your life was likely minimal, unless you happened to be an hour deep in a sci-fi movie.
How AI Augments Procurement Departments Read More »
Supplier diversity is a priority for procurement departments in higher education. Doing business with historically disadvantaged businesses is a wonderful way for an academic institution to give back to the surrounding community. Not to mention, it promotes healthy competition. Card Integrity has spent a lot of time talking about supplier diversity initiatives in procurement. We
All About Insight Into Diversity’s HEED Award Read More »
Procurement departments are challenged in a myriad of ways. One of the most obvious is the sheer volume of incoming data that they are responsible for. Take university procurement for example (though this certainly applies to procurement departments at large corporations and government administrations as well). A typical mid-sized university may have around 430 cards
Internal vs. External Review of Spend Data: Workload Comparison Read More »
