#ProcureTech2016 — The Innovators: Analytics and (Artificial) Intelligence Track Breakdown

So you have to make a decision. They say that indecision can be worse than wrong decision, but the fact remains you'll need the right team in place to deploy your spend and the right technology to enhance it. All of these moving parts point to one word: intelligence. Arguably the most important aspect of procurement, intelligence and advanced analytics are needed for better supply intelligence to boost savings and innovation while reducing risk. Smart tools are in play, as well, in delivering higher return for stakeholders. Data innovation will take center stage in Baltimore, March 14–16 at the Global Procurement Tech Summit from ISM and Spend Matters.

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Afternoon Coffee: Americans Spend Nearly $20 Billion for Valentine’s Day, U.S. Import Prices Fall

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Sunday is Valentine's Day, and U.S. consumers are expected to spend $19.7 billion collectively, or an average of $146.84 each, setting a new spending record for the holiday, according to the National Retail Federation. Total spending is up about $1 billion from last year. And, January import prices fell 1.1% from the previous month and were down 6.2% from a year earlier, the Labor Department reported today. Afternoon Coffee brings you the latest in procurement and supply chain news.

Business Intelligence to Transform Procurement