Procurement stories

A new report reveals that procurement leaders in Australia and New Zealand increasingly recognise Environmental, Social, and Governance factors for strategic growth.

Systal Technology Solutions has appointed Bob Murphy as Non-Executive Director, aiming to enhance its international growth strategy with his expertise.

James Cook University has implemented OneAdvanced Purchasing to streamline and enhance procurement efficiency, realising over AUD $90,000 in savings within nine months.

ServiceNow debuts Now Platform Xanadu with hundreds of new AI features, promising enhanced productivity in IT, customer service, HR, and procurement.

Labour unveils a plan to deliver 40,000 extra NHS appointments weekly, focusing on health technologies and efficiency to tackle fiscal challenges.

Vertice research reveals that optimised procurement can make companies 32% faster to innovate, but only 18% have achieved it due to outdated processes.

Top AI startups, including Anyscale, Clarifai, Cohere, and SymphonyAI, are using Oracle NetSuite to streamline operations, reduce costs, and enhance business insights.

Oracle NetSuite launches SuiteProcurement, partnering with Amazon Business and Staples to streamline indirect procurement, offering cost-saving benefits.

More than half of top online fashion retailers aren't offering free returns, tackling high costs and 'serial returners' issues, reports Which?.

Traceable AI and Amazon Web Services (AWS) announce a strategic collaboration to enhance API security in cloud-native environments through AWS Marketplace integration, tackling rising API-based threats.

Gallagher Security's vertically integrated model ensures swift global distribution and unparalleled quality control, exemplified by their pandemic adaptability.

ControlUp has been named a Leader in Gartner's first Magic Quadrant for Digital Employee Experience Tools, highlighting its innovation and market influence.

As Generative AI (GenAI) struggles to prove business value, procurement emerges as a surprising leader in demonstrating its true potential by enhancing user experiences.

Zespri's collaboration with Celonis has revolutionised their business operations, cutting vendor invoice cycle times by 27% and boosting purchase order conformance to 88%.

Discovery Consulting names Rod Gallagher as CEO, expands services to support SAP RISE, aiming to enhance business efficiency and digital transformation.

DXC Technology has completed integrating an SAP S/4Hana ERP system at Whitehaven Coal's Daunia and Blackwater mines, doubling their operational capacity.

Australian Government's PSPF Direction 002-2024 mandates stronger cybersecurity measures, sparking industry experts' applause and calls for resourceful implementation to mitigate risks.

Generative AI is set to revolutionize enterprise software by making costly customisation obsolete, paving the way for unprecedented digital agility.

Almost 25% of UK firms have adopted Generative AI in procurement, cutting manual tasks by 44%, reveals Ivalua research. Future efficiency gains are projected.

AI-driven procurement by Globality and HFS Research shows Global 2000 firms boosting productivity by 70% and cutting costs by 20%, enhancing efficiency.