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 »
Putting together a future-oriented procurement and/or sourcing strategy requires a lot of attention to detail. You want to minimize risk, but at the same time, you know that for change to happen, you need to take some risk. Maybe your sourcing process is based on price, delivery time, and availability, without much thought as to
A Forward-Thinking Approach to Procurement and Sourcing Read More »
One of the most important aspects of putting together a strategic sourcing plan at your organization is risk management, and proper identification of risk. While taking risk is a necessity in business, it’s important to eliminate needless risk factors that do not open any new opportunities for the organization. A solid strategic sourcing plan should
Risk Management in Strategic Sourcing Read More »
If you have spent a significant amount of time in the procurement landscape, especially public procurement, you are aware of supplier diversity efforts implemented to ensure that suppliers owned by minority groups are getting their fair share of business. These efforts seek to undo the historic underrepresentation that minority-owned businesses face. Supplier diversity in procurement
Supplier Diversity in Procurement: Diversifying Your Supplier Base Read More »
