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Procurement decisions don’t fail inside procurement. They fail when real-world conditions hit them. That’s what we assess.
To better understand the use of generative AI in procurement, you must first understand agent-based modeling and strand commonality.
December 18, 2023
RIDDLE: What do abacuses, calculators, and generative AI have in common?
Posted in: Commentary
The future is plastics, Benjamin!
December 17, 2023
EDITOR’S NOTE: My response to a post about recycling plastic is below. While I was unable to access the video, here is what I appreciated about your post, Kerstin Benden: 1. An earnest effort is being made to recycle these products 2. You provide an alternative voice to those who say that the recycling of […]
Posted in: Commentary
Post #2,000
December 15, 2023
As one of the first procurement industry bloggers, if you told me on May 18th, 2007, that in December 2023, I would still be penning my thoughts on the Procurement Insights blog, I probably would not have believed you. Here is the link to my very first post: Welcome to Procurement Insights. As a side note, […]
Posted in: Commentary
6 reasons why global supply chains are shifting . . . shifting . . . shifting . . . into the future
December 14, 2023
EDITOR’S NOTE: Today’s 1,999th Procurement Insights post is inspired by David Shillingford’s LinkedIn post about Supply Chain Dive’s December 13th article. It is also inspired by the Steve Miller Band song Fly Like an Eagle. Here is my take: Except for a few differences, e.g., the players and corresponding details, the six reasons cited in the […]
Posted in: Commentary
What Does “Getting To We” Really Mean?
December 13, 2023
EDITOR’S NOTE: Today’s article was inspired by a LinkedIn post by Kate Vitasek. “Value isn’t just about exchange—it’s about creation.” “Through shared goals, you work together, investing in each other’s success and creating value that elevates everyone involved.” – Kate Vitasek The above two statements should resonate far and wide with anyone and everyone, Kate […]
Posted in: Commentary
Is there a “missing circle” in the “Procurement Sweet Spot” graphic below?
December 12, 2023
One thought that immediately comes to mind is an excerpt from an article I wrote for the Procurement Foundry blog in Dec. 2019 titled “SORRY, CHARLIE, THERE IS SOMETHING WRONG WITH THE WORLD’S SEAFOOD SUPPLY CHAIN” – https://bit.ly/3uSY70e “According to a March 2019 National Geographic article, mislabelling is a problem with 20 percent of all fish sold in restaurants, markets, and […]
Posted in: Commentary
Random Thoughts On A Monday: Should Suppliers Pay To Do Business With You?
December 11, 2023
“Introducing supplier fees for vendors who send invoices in a world where computing on unstructured data becomes easier and cheaper will end up being the downfall for certain b2b network companies as their networks (and shareholders) will lose value as vendors opt-out large scale.” “I was always against the business model of charging suppliers in […]
Posted in: Commentary
If the sled is AI, who on this sled represents procurement?
December 10, 2023
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Posted in: Commentary
In Which Areas Do Procurement Professionals Need To Have A More “Open” Mind?
December 9, 2023
What is the best way to open our minds to new ideas? 30
Posted in: Commentary
Procurement Insights 
Why procurement solution providers have to adopt a “LOSS LEADER” mindset to succeed in an overcrowded market
December 19, 2023
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How does Tide detergent hold the key to future solution provider success?