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Purchasing

Purchasing Software: 5 “Cool” Features Your Legacy System Doesn’t Have

Emerging technologies such as artificial intelligence (AI), robotic process automation (RPA), machine learning (ML) and natural language processing (NLP) have changed the software and automation landscape. In the procurement domain, these technologies have also made inroads by simplifying complex processes as well as automating routine tasks.

When Jarvis Meets Alfred

Marvel and DC have a novel way to predict what our near future would look like in 2050 and beyond. Let’s consider the work of Stark Industries and Wayne Enterprises. Both are technology organizations — one develops and manufactures advanced weapon and defense technologies, and the other is a military defense contractor that has dozens of umbrella companies involved across multiple sectors.

Purchasing vs Procurement – What’s Really the Difference?

When does purchasing become procurement and when is procurement actually just purchasing?  Are the two terms not simply interchangeable?

We can begin with some standard definitions:

Purchase:  to obtain something by paying for it.

Procurement: the action of obtaining or procuring something.

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