📰 Procurement News
Supplier & Relationship
Management
| The Importance of Supplier Relationships in Procurement - This video delves
into the critical role that strong supplier relationships play in effective procurement strategies. It
highlights how fostering trust and collaboration with suppliers can lead to improved quality, cost savings,
and innovation. YouTube Video
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Procurement Technology & AI
| Kraft Heinz Leverages AI and Automation to Enhance Supply Chain Efficiency - Kraft
Heinz is integrating artificial intelligence, machine learning, and automation to transform its supply chain
operations. Initiatives include a proprietary control tower, AI-driven manufacturing optimization, and
real-time decision-making tools, improving efficiency and product quality. Supply Chain Dive |
| How Tech Leaders Are Using AI to Solve 10 Procurement Challenges - This article
explores how AI is addressing key procurement challenges, including complex contract negotiations, data
inaccuracies, and supplier risk management. It highlights AI's role in streamlining processes,
enhancing data quality, and transforming procurement into a strategic function. IDC |
| Beroe Acquires nnamu to Enhance Procurement Negotiations with Game Theory and AI -
Beroe Inc., a global leader in procurement decision intelligence, has acquired nnamu GmbH, a pioneering
negotiation technology firm known for developing the world's first game theory-based AI agent. This
strategic acquisition aims to revolutionize procurement negotiations by integrating advanced game theory
principles and AI, enabling procurement professionals to achieve optimal negotiation strategies, substantial
cost savings, and improved total cost of ownership. PR Newswire |
Public Procurement & Policy
Updates
| Madhya Pradesh Increases Wheat Procurement Price with ₹175 Bonus per Quintal - The
Madhya Pradesh government has commenced wheat procurement for the Rabi Marketing Season 2025-26, setting the
Minimum Support Price (MSP) at ₹2,425 per quintal. To further support farmers, an additional bonus of ₹175
per quintal has been announced, effectively raising the procurement price to ₹2,600 per quintal. This
initiative aims to enhance farmers' incomes and ensure fair compensation for their produce. Bhupendra Singh Chundawat |
Global Supply Chain & Market
Trends
| Preparing for a Global Tipping Point in Procurement - This article discusses
the challenges Chief Procurement Officers (CPOs) face amid escalating trade tensions and protectionist
policies, such as proposed tariffs on French wine and Champagne. It emphasizes the need for CPOs to
anticipate potential shifts in global supply chains, invest in local sourcing, and enhance resilience to
navigate the evolving landscape effectively. David Rae |
| EY's Q1 2025 Supply Chain Update: Resilience Amid Proposed Trade Tariffs -
EY's Q1 2025 report highlights a resilient supply chain landscape, with the Global Supply Chain
Pressure Index showing stabilization and the US Manufacturing PMI entering expansion. However, proposed US
trade tariffs could disrupt this stability, prompting companies to consider network redesigns, inventory
adjustments, and strategic sourcing to mitigate potential impacts. Sumit Dutta, EY |
Industry Partnerships &
Collaborations
| HPMF and TCA Sign MoU to Enhance Tea & Coffee Knowledge in Hospitality - The
Hospitality Purchasing Managers' Forum (HPMF) and the Tea and Coffee Association (TCA) have signed a
Memorandum of Understanding (MoU) to improve tea and coffee knowledge within the hospitality industry. This
collaboration aims to provide comprehensive training programs for hospitality professionals, ensuring a
deeper understanding of tea and coffee varieties, brewing techniques, and service excellence. BW Hotelier |
Cloud Computing & Financial
Performance
| Oracle's Cloud Deals Shine Amid Quarterly Revenue Miss - Oracle reported
fiscal third-quarter revenue of $14.13 billion, a 6% year-over-year increase, but below analysts'
expectations of $14.38 billion. Despite this, investors remain optimistic due to Oracle's robust cloud
services growth, particularly in its cloud infrastructure segment, which saw a 49% increase. The company's
strong backlog and future prospects in AI and cloud computing continue to bolster investor confidence. MarketWatch |
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