Supplier negotiations are often seen as a numbers game. Compare offers, push for better terms, and close the deal. But there’s another super important layer at play: psychology. We shape our decisions not just on facts and data but also on how we interpret them. And that’s where cognitive biases can sneak in. Understanding them […]

Automation and AI are a perfect match for procurement. Want to know why, and most importantly, how? Here are just a few reasons. Finance needs efficiency – it’s obvious, isn’t it? Yet so many businesses still seem to forget about it, perhaps drowning in the day-to-day tasks where you just can’t really see the big […]

AI is a buzzword, and boy, is it buzzing right now in B2B solutions. And it’s made its way to procurement, too. Don’t get us wrong, it’s great. The thing is, a lot of the time, it’s just an add-on on top of existing software, just so you can slap “AI-powered” in the homepage copy. […]

To do procurement efficiently, you can’t rely solely on internal company data — your own vendor pools, transaction histories, and data analytics. And no, nobody’s questioning your expertise or your data here. We just know that limiting your financial decisions in procurement to what you’ve done in the past misses a lot when it comes […]