procurement

Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement generally involves making buying decisions under conditions of scarcity.

(source: en.wikipedia.org)

Dollar General Taps AI Produce Ordering as Grocers Automate Procurement
Dollar General Taps AI Produce Ordering as Grocers Automate Procurement
January 29, 2024  |  Artificial Intelligence

Dollar General is using artificial intelligence to optimize its fresh produce buying, as across the grocery industry, retailers are tapping automated solutions to improve their...

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Procurement Tool Provider Pivot Raises $21.6 Million to Expand in Europe
Procurement Tool Provider Pivot Raises $21.6 Million to Expand in Europe
December 13, 2023  |  Investments

Procurement tool provider Pivot has secured 20 million euros (about $21.6 million) in Series A funding. This funding round comes six months after the firm’s...

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TreviPay Debuts All-in-One Payment Solution
TreviPay Debuts All-in-One Payment Solution
December 05, 2023  |  B2B Payments

B2B payments and invoicing network TreviPay has introduced an all-in-one payments solution. The new offering, announced Tuesday (Dec. 5) is part of a series of new features designed to...

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Amazon Business Director Says ‘Smarter Business Buying’ Helps SMBs Boost Profit Margins
Amazon Business Director Says ‘Smarter Business Buying’ Helps SMBs Boost Profit Margins
November 13, 2023  |  Amazon

Small business owners have typically been resource-constrained. They’ve borne the brunt of starting up and running their businesses with their personal finances. They’ve co-mingled the...

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ORO Labs Raises $34 Million for Smart Procurement Workflow Platform
ORO Labs Raises $34 Million for Smart Procurement Workflow Platform
November 01, 2023  |  B2B Payments

Smart procurement workflow platform ORO Labs has raised $34 million in Series B funding. The firm will use the new capital to meet the demand for solutions...

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Olive Technologies and Procurify Collaborate to Enhance Procurement Processes
Olive Technologies and Procurify Collaborate to Enhance Procurement Processes
October 31, 2023  |  Partnerships

Olive Technologies, a provider of artificial intelligence (AI)-driven decision-making solutions, partnered with Procurify, a provider of cloud-based procure-to-pay software. The collaboration aims to simplify and...

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New York City Unveils AI Action Plan that Develops Rules Framework
New York City Unveils AI Action Plan that Develops Rules Framework
October 16, 2023  |  artificial intelligence

New York City Mayor Eric Adams and Chief Technology Officer Matthew Fraser announced Monday (Oct. 16) the release of the city’s new Artificial Intelligence (AI)...

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Zip Co-Founder: Generative AI Turns Procurement Complexities Into Workflow Clarities 
Zip Co-Founder: Generative AI Turns Procurement Complexities Into Workflow Clarities 
October 11, 2023  |  artificial intelligence

Technology simplifies, at least that is its promise. That’s because, when effectively implemented, digital solutions can break down legacy silos and remove countless man hours...

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Levelpath Secures $44.5 Million in Funding for AI-Powered Procurement Platform
Levelpath Secures $44.5 Million in Funding for AI-Powered Procurement Platform
September 18, 2023  |  Investments

Levelpath has raised $44.5 million to launch its artificial intelligence (AI)-powered procurement platform. The company aims to enhance the procurement experience by introducing a procurement platform...

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