AI on AI: Procurement

AI on AI: Procurement

I asked Chat GPT what the impact of AI would be on corporate procurement, here is what it said: Artificial Intelligence (AI) is expected to have a significant impact on corporate procurement, as it has the potential to automate and streamline many of the manual...
Importance of Category Management

Importance of Category Management

Category management is a critical aspect of procurement that can help companies reduce costs, increase efficiency, and drive growth. At New Dominion Consulting, we believe that incorporating category management into your procurement strategy is essential for long term...
High Wholesale Inventory Levels & Procurement Leverage

High Wholesale Inventory Levels & Procurement Leverage

Many wholesalers are still dealing with high inventory levels built up in response to ocean freight delays and logistics uncertainty in 2022. This excess inventory can represent a great opportunity for buying organizations to generate procurement savings and claw back...