April was a busy month for the procurement industry , with news from across the globe . With the continuing rise of AI , and new strategies being implemented
WHY PROCUREMENT IS KEY TO UNILEVER ' S CLIMATE TRANSITION PLAN
Unilever commits to reducing greenhouse gas emissions across its value chain by 2039 . Their Climate Transition Action Plan targets net-zero emissions , focusing on renewable energy , sustainable packaging , and regenerative agriculture . Unilever engages suppliers and advocates for climate policies while enhancing procurement strategies to integrate emissions reduction efforts .
COUPA SURVEY : HOW AI IS DRIVING PROCUREMENT GROWTH
CFOs , despite reservations , embrace AI for procurement . Coupa ' s survey of 500 CFOs highlights AI ' s potential in driving growth and efficiency . Despite concerns about privacy and compliance , CFOs plan significant AI investments for fraud detection , workflow optimisation , and more . They aim to balance AI adoption with regulatory complexities for sustainable growth .
BIG LOTS : HOW ASIA BUYING OFFICES WILL CUT PROCUREMENT COSTS
Big Lots implements a global sourcing strategy , setting up buying offices in Asia in an effort to access ‘ closeout deals and other extreme bargains ’ for its retail operation . This move aims to enhance procurement efficiency and reclaim the store ' s " bargain heritage ."
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