In our previous blog, we looked at Four Cs of Procurement. Something that procurement stands for and the journey it takes to go from simple cost management entity to something more integral and value add function. In the age of AI, we are going to look at how this journey can be enhanced or accelerated. […]
The Four Cs of Procurement: Evolving for Excellence
Procurement is the backbone of any organization, serving as the crucial link between suppliers and the company’s operational needs. Traditionally, the focus has been on cost reduction, but as procurement functions mature, they expand their focus to encompass compliance, providing easy buying options (Catalog), and convenience. These are the Four Cs of procurement: Cost, Compliance, […]