Maintaining a robust supply chain is crucial for organizations to withstand changing demands and external disruptions. A 2023 report finds that 60% of businesses have experienced up to 15% revenue loss, whereas a Gartner study strongly assumes that 95% of companies will continue to grapple with supply chain challenges. Multiple factors determine the resilience of an organization’s value chain, and procurement is one of
Slow data is a business hazard. Fortunately, more organizations are shifting to AI solutions to mitigate this menace. Yet, 150 executives working at leading North American and European companies highlighted in a 2023 McKinsey survey reveal that many organizations are still struggling to figure out AI implementation at scale. Approximately 24% have piloted use cases, whereas 63% are still in the exploratory stage. Several
